please help solve

Edwards Machine Tools needs to purchase a new machine. The basic model is slower but costs less, whereas the advanced model is faster but costs more. Profitability will depend on future demand. The following table presents an estimate of profits over the next three years. Demand Volume Decision Low Medium High Basle model $75,000 $125,000 $145,000 Advanced model $55,000 $100,000 $165,000 Fill in the table below for maximum and minimum profit payoffs under each model. Round your answers to the nearest dollar Decision alternative Maximum Minimum Basic model Advanced model Calculate the amounts foregone by not adopting the optimal course of action for each possible demand level. Determine the maximum opportunity cost for each model Fill in the table below. If your answer is zero, enter "oRound your answers to the nearest dollar Opportunity Loss Matrix Future events Decision alternative Low Medium Maximum Basic model $ Advanced model Given the uncertainty associated with the demand volume, and no other information to work with, what decision would you make The aggressive strategy (maximax) is to choose the select The conservative strategy (maximin) is to choose the Select The opportunity foss strategy is to choose the Select 1 2 3 Decision Analysis Cengage Learning Enter the data only in the yellow cells. Not for commercial use This template is designed to allow up to 5 decision alternatives and future events. 4 Enter names of decision alternatives and future events in the appropriate cells in column A or Kand row 7. Probabilities are optional 5 6 Payoff Toble 7 Decision Alternative Expand existing plant 9 Build new plant 10 11 12 13 Probability Future Events Low Product Demand High Product Demand $200,000.00 $300,000.00 $100,000.00 $450,000.00 Expected Value Maximum Minimum $300,000.00 $200,000.00 $450,000.00 $100,000.00 Maximum Expected Volun $0.00 18 Future Events Low Product Demand High Product Demand $0.00 $150,000.00 $100,000.00 Maximum 5150,000.00 $100,000.00 $0.00 15 Opportunity Loss Matrix 10 Decision Alternative 17 Expand existing plant 1 Build new plant 19 20 21 22 | Mua Bay son 24 Maximin Decision 35 Opportunity Loss Decision 26 Expected Value Decision 27 EVPI Build new plant Expand existing plant Build new plant HN/A AN/A