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What is the expected level of sales for next year

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Question - Gary's Pipe and Steel Company expects sales next year to be $1,060,000 if the economy is strong, $730,000 if the economy is steady, and $391,000 if the economy is weak. Gary believes there is a 10 percent probability the economy will be strong, a 50 percent probability of a steady economy, and a 40 percent probability of a weak economy. What is the expected level of sales for next year?

Reference no: EM133097275

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