Quantitative methods Probabilities

 

 

An online sweepstakes has the following payoffs and probabilities.  Each person is limited to one entry.
 
           
 
The probability of winning at least $1,000.00 is ________. [removed]

 

 

The following data summarizes the historical demand for a product.
 

Month	Actual Demand
March	20
April	25
May	40
June	35
July	30
August	45

 
Use exponential smoothing with α = .2  and the smoothed forecast for July is 32. Determine the smoothed forecast for August.

 

Daily highs in Sacramento for the past week (from least to most recent) were:  95, 102, 101, 96, 95, 90 and 92.  Develop a forecast for today using a 2 day moving average.