2. Below is a table of potential payoffs (profits in thousands of dollars per month) associated with three possible storage facility sizes and three possible demand levels. Low Moderate High Small 9 12 12 Medium 8 14 16 Large 3 7 17 A. If the decision makers subscribe to the Maximax approach, what size facility would they construct, and what would be the anticipated payoff amount? Size: Payoff: B. If the decision makers subscribe to the Maximin approach, what size facility would they construct, and what would be the anticipated payoff amount? Size: Payoff: C. If the decision makers use the Minimax Regret Approach, what size facility would they construct? D. If the decision makers had access to the following probabilities for the three states of nature, what would be the expected monetary value of a medium facility? Round to 1 decimal place if necessary. Probability of Low: .2 Probability of Moderate: .3 Probability of High: .5