E. (Problem) A company that is introducing a new product has to choose between four marketing plans, A through D. The marketing plans are forecasted to have varying payof depending on the level of advertising. The probability of high demand is 0.6 and of low demand 0.4 for expected value. Use the following decision rules to select the marketing plan: maximin, maximax, minimax regret, Laplace, and expected value. Marketing Plan B C D Payoff (Dollars) High Demand 100,000 50,000 75,000 125,000 Low Demand 25,000 45,000 35,000 10,000