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The Research-and-Development Division has defined two alternatives to improve the quality of the product, which are simple reformulations of the product to minimize the side effects and to improve the product efficacy. To conduct an analysis, management has decided to consider the possible demands for the drug under each alternative. The following payoff table shows the projected profit in millions of dollars. Demand Decision Alternatives Low Medium High d1 $500 $350 $525 d2 $875 $500 $765 If the decision maker knows nothing about the probabilities of three states of nature, what is the recommended decision using the pessimistic (or conservative) approach? O d2 with a payoff of 500 O d1 with a payoff of 500 O d2 with a payoff og 875 O d1 with a payoff of 350