Garys 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?