K What decisions should be made using the average payoff strategy in the three given situations? Click here to view information for a decision about relocating manufacturing. Click here to view information for a decision about rental car insurance. Click here to view information for a decision about ISO certification. For the manufacturing decision, the best payoff is the the average payoff strategy, the company should one, so using the manufacturing for wooden doors because that gives the best average payoff of $ (Round to the nearest dollar as needed.) Manufacturing relocation information A leading manufacturer of garage doors recently acquired another manufacturer and is considering moving its wood door operations to the acquired plant. Key considerations in this decision are the transportation, labor, and production costs at the two plants. Complicating matters is the fact that marketing is predicting a decline in the demand for wood doors. The company developed three scenarios: a. Demand falls slightly, with no noticeable effect on production. b. Demand and production decline 20%. c. Demand and production decline 40%. The following table shows the total costs under each decision and scenario. Stay Move Slight Decline $1,030,000 $1,150,000 20% Decline $830,000 $970,000 40% Decline D $870,000 $810,000 Print Done