$($a$)$ Payoff table and Maximum expected payoff $($show your calculations$)$:

Investment Alternatives Market Conditions Expected Values

Favorable Stable Unfavorable

$0\mathrm{.}20\mathrm{.}70\mathrm{.}1$

Widget $120,00070,000-30,000$

Hummer $60,00040,00020,000$

Nimnot $35,00030,00030,000$

Column Max

$($for EVPI and opportunity loss calculations$)$

The maximum expected payoff $=\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_.$

The best alternative as the decision is : $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_.$