$2$

$=5$

$$

Ch 6 Assignment Saved O You received no credit for this question in the previous attempt. Help View previous attempt Save & Exit Submit Check my work 7.18 Hint References Problem 6-2 (Algo) Expected value [L06-6) Sharpe Knife Company expects sales next year to be $1,740,000 if the economy is strong, $920,000 if the economy is steady, and $740,000 if the economy is weak. Ms. Sharpe believes there is a 20 percent probability the economy will be strong, a 55 percent probability of a steady economy, and a 25 percent probability of a weak economy. What is the expected level of sales for the next year? Expected level of sabes prev 2 of 14 Next >