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18-20) Nick has plans to open some pizza restaurants, but he to open. He has prepared a payoff table to heip analyze the 10) 18. As Nick does not know how his product will be received, he asumiterion, what tates of nature are equally likely to occur. If he uses the equally likely ecision would he make? that all three good market ) 19. Nick wants to know if he uses the totally optimistic criterion, which alternative is 3000 sheald e the most paid oe gotecad 20. Nick believes there is a 40 percent chance that the market will be good, a 30 ent chance that it will be fair, and a 30 percent chance that it will be poor. A market arch firm will analyze market conditions and will provide a perfect forecast (they provide ney back guarantee). What is the most that should be paid for this forecast? NOTE: to compute the EXPECTED VALUE OF PERFECT INFORMATION AFTER PUTING EMV FOR EACH DECISION OPTION A) Maximmamrd that on be paud Jon ha manle VwPI 4.3000+0.3.30000 + 0.3. EVPI76000-53000 4123 000