Question: Gary's Pipe and Steel company expects sales next year to be $920,000 if the economy is strong, $660,000 if the economy is steady, and $377,000 if the economy is weak. Gary believes there is a 15 percent probability the economy will be strong, a 50 percent probability of a steady economy, and a 35 percent probability of a weak economy. What is the expected level of sales for next year?