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What is the expected level of sales for 2018 of baseball inc

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Reference no: EM132421316

Problem: In 2018, Baseball Inc. projects Sales to be $800,000 if the economy is strong, $500,000 if the economy is steady, and $350,000 if the economy is weak. The company believes there is a 20% probability the economy will be strong, a 50% of a steady economy, and a 30% probability of a weak economy. What is the expected level of Sales for 2018?

Reference no: EM132421316

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