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2. Common, Inc., expects sales next year to be $1,750,000 if the economy is strong, $1,025,000 if the economy is steady, and $750,000 if the

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2. Common, Inc., expects sales next year to be $1,750,000 if the economy is strong, $1,025,000 if the economy is steady, and $750,000 if the economy is weak. Mr. Common believes there is a 30 percent probability the economy will be strong, a 40 percent probability of a steady economy, and a 30 percent probability of a weak economy. What is the expected level of sales for the next year

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