(REFER TO PROBLEM 2 TO ANSWER THIS-- SEE BELOW THIS PROBLEM) The government Infrastructure bill has promised to provide rebates for electric cars. Apparently, the American consumer will buy more electric cars in the future. According to the predictions, the chance of a good market for electric charging stations is 80%. Charge Up would like to use these probabilities in determining the best decision.

a. What decision model should be used?

b. What is the optimal decision? How many stations should they build?

Problem 2 states:

Charge Up is an independent electric charging station operator. Charge Up is considering to build electric charging stations along an interstate highway. The number of stations Charge Up is considering to build would depend on the market forecast. After a careful analysis of annual profit forecasts, Charge Up has developed the following table:

Number of Stations	Good Market ($)	Fair Market ($)	Poor Market ($)
2	50,000	20,000	-10,000
3	80,000	30,000	-20,000
4	100,000	30,000	-40,000
5	300,000	25,000	-160,000