Question: AD company has asked you to decide on developing one new model from a list of 4 bike models (A, B, C, D). The annual

 AD company has asked you to decide on developing one new

AD company has asked you to decide on developing one new model from a list of 4 bike models (A, B, C, D). The annual revenuedloss in thousands dollars from each model depends on three demand scenarios (Low, Medlum. High) as shown in this table: a- Which product you would recommend using MaxiMax? b- Which product you would recommend using MaxiMin? C- Which product you would recommend using MiniMax Regret? d - If the probabillies of each demand level are 0.35,0.50, and 0.15 , respectively, which product you would recommend? 1.0 point e. Using the probabilities in (d), what is the expected value of perfect information

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