Hudson Corporation is considering three options for managing its data processing operation: 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 option (in thousands of dollars) depends on demand as follows: Demand Staffing Options High Medium Low Own staff 650 650 600 Outside vendor 900 600 300 Combination 800 650 500 The demand probabilities are 0.2 (Low), 0.2 (Medium), and 0.6 (High). Is this problem related to decision-making under risk, certainty, or uncertainty? A. Decision-making under certainty Which decision alternative will minimize the expected cost of the data processing B. $0.77 M operation? C. $0.67 M What is the expected annual cost associated with the optimal alternative? D. $0.64 M E. Outside vendor F. Decision-making under risk G. $0.72 M The demand probabilities are 0.2 (Low), 0.2 (Medium), and 0.6 (High). Is this problem related to decision-making under risk, certainty, or uncertainty? A. Decision-making under certainty Which decision alternative will minimize the expected cost of the data processing B. $0.77 M operation? C. $0.67 M What is the expected annual cost associated with the optimal alternative? D. $0.64 M E. Outside vendor F. Decision-making under risk G. $0.72 M H. Own staff 1. Both own staff and combination J. None of the given choices K. Decision-making under uncertainty L. Combination