i need help with question 3 please. but also the others to make sure im correct on all of them

References Mailings Review View Help Ra AE. 211 A EEEE - AaBbCcL AaBb C AaBbCcl AaBbCel AaBbCcDi Aa Emphasis Heading 1 1 Normal Strong Subtitle 15 Styles Paragraph Note: Please state formulas used and show all your work on problems. Answer the following problem questions (5 pts, each) For Questions 1 and 2 refer to the following pay-off table: Competition Yes Small Medium Large Alternatives (Choices) No 30 45 25 10 30 60 1. The Minimax Regret rule or criteria you will choose what? I choose Large Batch L=20 in regret table, to minimize maximum regret. 2. If the probabilities of high and low demand are 7 and 3, EVPI will be = ? i.e. EVPI (Expected Value of Perfect Information) would be: 55.5-49.5= 6 3. A company produced 450 pieces of COVID testing kits that can be sold for $30 each. The labor cost, material cost and overhead costs were 2 workers costing $80 each; 10 lb of testing compound at $30/1b and rent was $1500 respectively. Find their Multifactor Productivity 4. Forecast for new coronavirus cases in LA for July was 1000. The actual cases for July and August turned out to be 950 and 975. Using the exponential smoothing method of forecasting with a smoothing constant of alpha = 20, the September forecast of the new cases should be revised to: 987 For Questions 5.6 and 7 refer to the following new Corona cases data in BR