Hudson Corporation is considering three options for managing its data warehouse: continuing with its own staff, hiring an outside vendor to do the managing (referred to as outsourcing), or using a combination of its own staff and an outside vendor. The cost of the operation depends on future demand. The annual cost of each thousands of dollars) depends on demand as follows: (a) If the demand probabilities for high, medium, and low are 0.30,0.50, and 0.20 , respectively, which decision alternative will minimize the expected cost of the data warehouse? What is the expected annual cost associated with that recommendation? Enter your answer in dollars. For example, an answer of $200 thousands should be entered as $200,000. Expected annual cost =$ What is the probability of the cost exceeding $625,000 ? If required, round your answer to two decimal places. Probability = Hudson Corporation is considering three options for managing its data warehouse: continuing with its own staff, hiring an outside vendor to do the managing (referred to as outsourcing), or using a combination of its own staff and an outside vendor. The cost of the operation depends on future demand. The annual cost of each thousands of dollars) depends on demand as follows: (a) If the demand probabilities for high, medium, and low are 0.30,0.50, and 0.20 , respectively, which decision alternative will minimize the expected cost of the data warehouse? What is the expected annual cost associated with that recommendation? Enter your answer in dollars. For example, an answer of $200 thousands should be entered as $200,000. Expected annual cost =$ What is the probability of the cost exceeding $625,000 ? If required, round your answer to two decimal places. Probability =