3. A toy manufacturer has three different mechanisms that can be installed in a doll that it sells: Wind-up action, Pneumatic action and Electrical Action. The different mechanisms have three different setup costs (overheads) and variable costs and, therefore, the profit from the dolls is dependent on the volume of sales. The anticipated payoffs are as follows Light Demand 0.25 Moderate Demand 0.45 Heavy Demand 0.3 $325,000 $190,000 $170,000 Probability Wind-up action Pneumatic action Electrical Jaction $300,000 $420,000 $400,000 $400,000 $240,000 392504 $800,000 ulloc a. What is the EMV of each decision alternative? b. Which action should be selected? Preumatie action c. What is the expected value with perfect information? 9375 d. What is the expected value of perfect information? 0:25 semat