Estimate the expected sales for next year

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A manufacturer of air-conditioning systems expects to sell 10,000 units next year if the economy recovers from the present recession. If the economy remains at its present state, the firm expects to sell 7,000 units, and if the recession worsens, sales will fall to 3,000 units. A survey of 40 economists reveals that 30 are forecasting recovery, 5 no change, and 5 a worse recession. Estimate the expected sales for next year.

Reference no: EM13220099

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