What is the expected level of sales for next year

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Gary’s Pipe and Steel company expects sales next year to be $930,000 if the economy is strong, $665,000 if the economy is steady, and $378,000 if the economy is weak. Gary believes there is a 20 percent probability the economy will be strong, a 65 percent probability of a steady economy, and a 15 percent probability of a weak economy.

What is the expected level of sales for next year?

Reference no: EM132034242

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