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please answer within the next 15 mins Sharpe Knife Company expects sales next year to be $1,560,000 if the economy is strong, $830,000 if the
please answer within the next 15 mins
Sharpe Knife Company expects sales next year to be $1,560,000 if the economy is strong, $830,000 if the economy is steady, and $560,000 if the economy is weak, Ms. 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? Expected level of sales Step by Step Solution
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