The following payoff table provides profits based on various possible decision alternatives and various levels of demand:

	Demand
Alternatives	Low	Medium	High
Alternative 1	80	120	140
Alternative 2	90	90	90
Alternative 3	50	70	150

The probability of low demand is 0.4, whereas the probability of medium and high demand is each 0.3.

a) The highest possible expected monetary value is

$

for

Alternative 1,2, or 3

(enter your response as a whole number).

b) The expected value of perfect information for this alternative is

$enter your response here

(enter your response as a whole number).