dwards Machine Tools needs to purchase a new machine. The basic model is slower but costs less, whereas the advanced model is faster but costs hore. Profitability will depend on future demand. The following table presents an estimate of profits oyer the next three yearss Fill in the table below for.maximum and minimum profit payoifs under each model. Round your answers to the nearest doliar. Calculate the amounts foregone by not adopting the optimal course of action for each possible demand fevel. Determine the maximum oppoctunity cost for each madel. Fill in the toble befow, If your answer is zere, enter " 0 , found your answers to the nearest dollar. Cliven the uncertainty assocated with the demand volume, and no other information to woek with, what decision would you make? The aggressive strategy ( maximax ) is to choose the The conservative strategy (maximin) is to choose the The opportuniky loss strategr is to choose the dwards Machine Tools needs to purchase a new machine. The basic model is slower but costs less, whereas the advanced model is faster but costs hore. Profitability will depend on future demand. The following table presents an estimate of profits oyer the next three yearss Fill in the table below for.maximum and minimum profit payoifs under each model. Round your answers to the nearest doliar. Calculate the amounts foregone by not adopting the optimal course of action for each possible demand fevel. Determine the maximum oppoctunity cost for each madel. Fill in the toble befow, If your answer is zere, enter " 0 , found your answers to the nearest dollar. Cliven the uncertainty assocated with the demand volume, and no other information to woek with, what decision would you make? The aggressive strategy ( maximax ) is to choose the The conservative strategy (maximin) is to choose the The opportuniky loss strategr is to choose the