Fort smith drywall expects sales next year to be 600000 if, Ask an Expert

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Fort Smith Drywall expects sales next year to be $600,000 if the economy is strong, $500,000 if the economy is steady, and $300,000 if the economy is weak. The owner believes the probability of a strong economy is 20%, the probability of a steady economy is 50%, and the probability of a weak economy is 30%. What is the expected level of sales for next year? (show work)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91730348

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