Problem 5S-1 A small building contractor has recently experienced two successive years in which work opportunities exceeded the firm's capacity. The contractor must now make a decision on capacity for next year. Estimated profits under each of the two possible states of nature are as shown in the table below. NEXT YEAR'S DEMAND Low High $50* $60 Alternative Do nothing Expand Subcontract 80 20 40 70 * Profit in $ thousands. Which alternative should be selected if the decision criterion is (Enter your answers in thousands. Omit the "$" sign in your response.) Payoff Criterion Maximax Maximin Laplace Minimax regret a. b. c. d. ta ta Alternative (Click to select) (Click to select) (Click to select) (Click to select) ta ta