A manager is deciding whether or not to build a small facility. Demand is uncertain and can be either at a high or low level. If the manager chooses a small facility and demand is low, the payoff is $400. If the manager chooses a small facility and demand is high, the payoff is $300. On the other hand, if the manager chooses a large facility and demand is low, the payoff is $150, but if demand is high, the payoff is $760.

(a) Develop a payoff table below.

(b) Develop a regret table below.

(c) What would be the best decision based on the minimax regret? ___________________________________