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Business, 27.03.2020 00:18 laylay120

Sharpe Knife Company expects sales next year to be $1,550,000 if the economy is strong, $825,000 if the economy is steady, and $550,000 if the economy is weak. Ms. Sharpe 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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Sharpe Knife Company expects sales next year to be $1,550,000 if the economy is strong, $825,000 if...
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