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Amy Uoyd is interested in leasing a new Honda and has contacted three auternobile dealers for pricing information. Each dealer offered Amy a ciosed-end 36 month lease whth no down payment due at the time of signing. Each lease indudes a monthly charge and a mileage allowance. Kdditional miles recelve a surcharge on a per-mile basis. The monthly lease cost, the mileage allowance, arnd the cost for abditional miles ate as follows: Amy decided to choose the lease option that will minimize her total 36 -month cost. The difficulty is that Amy is not sure how many miles she will drive over the next three years. For purposes of this decision, she beleves it is roasonable to assume that she will drive 12,000 miles per year, 15,000 miles per year, or 18,000 milies por year. With this assumption Amy estimated her total cots for the three lease eptions. For example, she figures that the Hepburn Honda lease will cost her 36($299)+$0.15max(0,36,00036,000)=$10,764 it she drives 12,000 miles per rear, 36($299)+$0.15+max(0,45,00036,000)$12,114 If she drives 15,000 miles per year, or 36($299)+$0,15 max (0,54,00036,000)=$13,464 if she drives 18,000 miles per year. (a) What is the decision, and whot is the chance event? Choose the correct answer below. (i) The decision is to select the monthly cost and the chance event is the three alternatives (Hepburn Honda, Midtown Motors, and Hopkins Automotive). (ii) The decision is to select the number of miles Amy will ditve and the chance event is the three alternatives (Hepburn Honda, Midtown Motors, and Hopkins Autornotive). (iii) The decision is to select the best lease option from three aitematives (Hepburn Honda, Nistown Motors, and Hopkins Automotive) and the chance event is the number of miles Amy will drive. (iv) The decision is to select the best lease optlon from three alternatives (Hepbum Hends, Midtown Motors, and Hopkins Automotive) asd the chance event is the monthly cost that Amy wili incurt (b) Construct a payoff table for Amy's problem. (b) Construct a payotf table for Amy's problem. (c) If Amy has no Idea which of the three mileage assumptions is most appropriate, what is the recommended decision (leasing option) using the optimistic, conservative, and minimax regret approsches? (d) Suppose that the probabilities that Amy drives 12,000, 15,000, and 18,000 miles per year are 0.5,0.4, and 0.1 , respectively, What option should Amy choose using the expected value approach? (e) Develop a risk profile for the decision selected in part (d). What is the most likely cost? What is its probability? If required, round your answer to one decimal place. (f) Suppose that after further consideration, Amy conchides that the probabilities that she wil drive 12,000,15,000, and 18,000 miles per year are 0.3 , 0.4 , and 0.3 , respectively. What feclsion shauld Amy make using the expected value approach