solution for this please ! ( all the 5 questions )

1. The following solved problems refer to this payoff table: New No Bridge New Built Bridge Alternative capacity 1 14 for new store B 2. 10 4 6 where A =small, B = medium, and C - large. Assume the payoffs represent profits. Determine the alternative that would be chosen under each of these decision criteria: a. Maximin. b. Maximax. c. Laplace. 2. Using the information in the payoff table, develop a table of regrets, and then a. Determine the alternative that would be chosen under minimax regret. b. Determine the expected value of perfect information using the regret table, assuming that the probability of a new bridge being built is.60. 3. Using the probabilities of .60 for a new bridge and .40 for no new bridge, a. Compute the expected value of each alternative in the payoff table, and identify the alternative that would be selected under the expected-value approach. b. Construct a decision tree for the problem showing expected values. Compute the EVPI using the information from the previous problem. 4. 5. Determine the course of action that has the highest expected payoff for this decision tree. $1.0" $1.3 Do nothing Small demand (4) Expand $1.3 Medium demand (5) Large demand (1) $1.5 Do nothing Expand $1.6 Build $1.8 Subcontract $0.7 Do nothing Other use #1 $1.5 Other use #2 $1.0 Small demand (4) Expand Medium demand (.5) $1.6 Large demand (1) $1.6 Do nothing Subcontract $1.5 Build $1.7 Build ($0.9) Do nothing Other use #1 $1.4 Other use #2 Small demand (4) $1.0 Medium demand (.5) $1.0 Large demand (1) Do nothing Other use #1 $1.1 Other use #2 $0.9 Net present value in millions $2.4