do it in word and briefly explain the solution

Chapter #5s A manager has developed a payoff table that indicates the profits associated with a set of alternatives under two possible states of nature. Answer the following questions. (i) Determine the expected value of perfect information if P(S2) = .30. (ii) Determine the range of P(S2) for which each alternative would be optimal. Alternatives si S2 2 1 10 2 -2 8 3 8 6