Inter$-$district Bus Line $($IdBL$),$ a new firm that entered the transport service provision market in the Free State Province is considering some alternatives to consolidate its power in the province. Three alternatives in this decision$-$making process are on the table. These are: increasing comfort in the bus such that passengers can watch TV while traveling and lure more customers $[$alternative $1]$; increasing the bus fleet such that with more buses, the time interval between each bus is reduced $[$alternative $2],$ and lastly, keep the status quo $[$alternative $3].$ There are two possible outcomes $($states of nature$)$ that IdBL faces which are favourable market or unfavourable market. These alternatives and these possible outcomes give different conditional payoffs$/$profits$.$ The decision table below summarises the conditional payoffs for IdBL. $33\mathrm{.}1$ Use the maximax criterion to identify the alternative that IdBL will adopt. $3\mathrm{.}2$ Suppose IdBL sets its coefficient of realism $(\backslash$alpha $)$ at $0\mathrm{.}8,$ what alternative will constitute IdBL's best decision? Show all calculations. $3\mathrm{.}3$ Showing all calculations, identify the best alternative according to the Laplace decision criterion. $3\mathrm{.}4$ Suppose IdBL believes that the probability of realising a favourable market is the same as that of realising an unfavourable market, which alternative will IdBL adopt using the expected monetary value $($EMV$)$ approach in decision$-$making? Show calculations.