QUESTION 1 01 to Q6 are based on this problem. Jack plans to produce COVID treatments for Fall 2021. He must place his order for COVID treatments well in advance because the manufacturer produces them in the summer months of 2021. Jack needs to determine whether to place 15, 10, or 5 million doses of COVID treatments. The number sold will depend largely on whether the infection rate is high, medium, or low. The following table summarizes the payoffs Jack expects to receive under each scenario. Infection Rate Number Ordered High Medium Low 15 million 1017 3 10 million 18 18 6 5 million 14 14 14 Payoffs (in $1000s) Jack estimates the probability of high, medium, and low infection rates as 0.25, 0.6, and 0.15, respectively. How many doses should Jack order according to the Maximax decision rule? A. 10 million B.5 million C. 15 million QUESTION 2 How many doses should Jack order according to the Maximin decision rule? A. 15 million B. 10 million C.5 million QUESTION 3 How many doses should Jack order according to the Minimax Regret decision rule? A. 15 million B. 10 million C.5 million QUESTION 4 How many doses should Jack order according to the EMV decision rule? A. 15 million B. 10 million C.5 million QUESTION 5 How many doses should Jack order according to the EOL decision rule? A. 15 million B. 10 million C.5 million QUESTION 6 What is the value of Perfect Information in $1000s? A.1 B.0.2 C.0.5 D. 7.7