just answer e, f, g, & h

Modesto Appliances is going to introduce one of three new products: a microwave, a toaster, or a radio. The market conditions (favorable, stable, or unfavorable) will determine the profit or loss the company realizes, as shown in the following payoff table. Market conditions Product Favorable .2 Stable .7 Unfavorable 1 Microwave Toaster Radio $35,000 20,000 120,000 $30,000 40,000 70,000 $30,000 60,000 -30,000 Determine what product the company should introduce using the following decision criteria. a- Maximax b- Maximin c- Minimax Regret d- Equal likelihood e- Hurwicz (a-3) f- Compute the expected value for each decision and select the best one. g. Develop the opportunity loss table and compute the expected opportunity loss for each product. - Determine how much the firm would be willing to pay to a market research firm to gain better information about future market conditions