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 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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