1) Historical demand distribution for a comparable phone is given below. Retailers must sell the phone at $300, and they will buy the phone from Micromax for $150. Any unsold phones will be returned to Micromax, for which they will be reimbursed $50. Demand 230 235 240 245 Probability 0.1 0.2 0.4 0.3 a. Help make retailers the best stocking decision by constructing a table of conditional profits. [3 pts) b. How many phones should they stock for the highest expected profit? [2 pt] c. Micromax offers its retailers Cassandra Forecasting Service at a price. This service will tell the retailer exactly how much the demand will be. At most, how much should the retailer pay for this service? [2 pts]