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Garys Pipe and Steel company expects sales next year to be $970,000 if the economy is strong, $685,000 if the economy is steady, and $382,000

Garys Pipe and Steel company expects sales next year to be $970,000 if the economy is strong, $685,000 if the economy is steady, and $382,000 if the economy is weak. Gary believes there is a 40 percent probability the economy will be strong, a 35 percent probability of a steady economy, and a 25 percent probability of a weak economy. What is the expected level of sales for next year?

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