1.2) Tebogo Electronics specializes in manufacturing modern electronic components. It also builds the equipment that produces the components. Mr Victor, who is responsible for advising the president of Tebogo Electronics on electronic manufacturing equipment, has developed the following table concerning a proposed facility: FAIR MARKET POOR MARKET Profit (Rand) STRONG MARKET 650 000 400 000 160 000 179 000 -330 000 -120 000 Large Facility Medium-sized Facility Small Facility No Facility 150 000 280 000 0 -52 000 0 0 d. What type of decision technique should be used, if Tebogo Electronics has an affinity to take risk or avoid risk, but not a fully optimistic or pessimistic decision maker? (2) e. What is the optimal decision if Tebogo Electronics wishes to minimize the firm's maximum regret? f. Based on the historical customer demand for electronic components, suppose the decision maker believes that the following probabilities hold for the states of nature: P (Strong Market) = 0.40, P (Fair Market) = 0.50, and P (Poor Market) = 0.10 1) Which decision will minimize the expected cost of operating the proposed facility? (3) ii) Which decision will minimize the expected opportunity loss of Tebogo Electronics? (3)