1. RAJAH COMPANY IS GOING TO INTRODUCE ONE OF THE THREE NEW PRODUCTS. A,B AND C OR DO NOTHING AS THE MARKET CONDITION, (FAVOURABLE, STABLE OR UNFAVOURABLE) AFFECT THE PAY OFF OF THE PRODUCTS, THE COMPANY ESTIMATES THE FOLLOWING PAY OFF AND PROBABILIES

product	favourable	stable	un-favourable
a	8,000	6,000	-5,000
b	5000	3,000	-1,200
c	7000	6,000	-1,000
do nothing	0	0	0
probabilities	0.4	0.3	0.3

a) what is the decision under risk

b) what is the expected value of perfect information

please explain step by step (cheg)