Posted by **Mary** on Thursday, May 26, 2011 at 1:49pm.

Austin Electronics expects sales next year to be at $900,000 if the economy is strong, $650,000 if the economy is steady, and $375,000 if the economy is weak. The firm believes there is a 15 percent probability the economy will be strong, a 60 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?

## Answer This Question

## Related Questions

- finance - Austin Electronics expects sales next year to be at $900,000 if the ...
- Finance - Calculate the return and standard deviation for the following stock, ...
- history - What type of economy eventually led to the soviet union's collapse? 1...
- Maroeconomics - Question 02: Consider an economy described by the following ...
- Math - Bayes' theorem problem, Struggling with this the whole night, please help...
- civics - “Government is taking 40 percent of the GDP (all the goods and services...
- stats - please help How do you construct a pay of table?????? . Dr. Mike Adams, ...
- Econ Help if you can :P - Approximately 14 million Americans are addicted to ...
- Economics (Net Present Value - Approximately 14 million Americans are addicted ...
- finance (net income) - If a firm has a break-even point of 20,000 units and the ...

More Related Questions