What is the expected level of sales for the next year

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Sharpe Knife Company expects sales next year to be $1,630,000 if the economy is strong, $865,000 if the economy is steady, and $630,000 if the economy is weak.

Mr. Sharpe believes there is a 35 percent probability the economy will be strong, a 45 percent probability of a steady economy, and a 20 percent probability of a weak economy. What is the expected level of sales for the next year?

Reference no: EM131984641

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