You asked Dr$.$ Chiang for some help to select a project for the investment by looking at additional criteria. Dr$.$ Chiang predicted the possible payoff of the six projects in three demand situations. Please answer the following questions.

$4.$ If the future demand will turn out to be medium, what is the max payoff your factory can receive? $(2$

decimal places$)$ Blank $4$

$$If the future demand is totally unknown, what is the max payoff your factory can receive when using the Minimax rule? $(2$ decimal places$)$ Blank $5$

$$If the future demand is totally unknown, what is the max payoff your factory can receive when using the Maximax rule? $(2$ decimal places$)$ Blank $6$

$$If the future demand is totally unknown, what is the max payoff your factory can receive when using the Laplace rule? $(2$ decimal places$)$ Blank $7$

$$If the future demand is totally unknown, what is the total regrets of the best alternative your factory chooses when using the Minimax Regret rule? Blank $8$

$$Because the future demand is unknown, you purchased the service from a psychic and knew that there is a $19\%$ chance the demand will be low and a $39\%$ chance the demand will be medium. What is the max expected payoff your factory can receive? Blank $9$

$$You does not like uncertainty and poor information. What is the maximum expected value that you are willing to pay in order to receive perfect information for the project decision? Blank $10$