Problem 690705: Do not include anything other than numbers in your responses. For example, do not include comma or dollar sign in your numbers. As a rule of the keer larger numbers and 3 decimal places for smaller numbers less than 1. SciTools believes that the competitors' bids are based on the following probabilities and they have created the payoff table as follows. Note: You may drop 3 zeros of thousand numbers. What is the best decision based on optimistic approach? (Bid Low/Bid Medium/Bid High) What is the best decision based on pessimistic approach? (Bid Low/Bid Medium/Bid High) How much (in thousands) is the average payoff if the company bids low? How much (in thousands) is the average payoff if the company bids medium? How much (in thousands) is the average payoff if the company bids high? What is the best decision based on equal likelihood approach? (Bid Low/Bid Medium/Bid High)