What is expected level of sales for next year

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Medical Equipment of Orlando Company expects sales next year to be $2,400,000 if the economy is strong, $1,700,000 if the economy is steady, and $1,100,000 if the economy is weak. The company believes there is a 25 percent probability the economy will be strong, a 40 percent probability of a steady economy, and a 35 percent probability of a weak economy. What is the expected level of sales for next year? Please show your work.

Reference no: EM131868147

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