3.Chad Holms has been thinking about starting his own gasoline station. Chad has to decide on the size of the gas station. The annual profit will depend on both the size of the station and a number of marketing factors related to the oil industry and demand for gasoline. After careful analysis, Chad developed the following table.

3. (15 pts.) Chad Holms has been thinking about starting his own gasoline station. Chad has to decide on the size of the gas station. The annual prot will depend on both the size of the station and anymberof marketing factors related to the oil industry and demand for gasoline. After careful analysis, Chad developed the following table. Size of Gas Good Moderate Poor Maximum Minimum Equally m Station Market Market Market Likely Small $15 5 ,000 $100,000 $60,000 Medium $190 000 $170 000 $10 000 Large $250,000 $140,000 -$100,000 Probability 0.30 0.50 0.20 a- Complete the above table and identify best decisions (choices) under Maximax, Maximin, Equally Likely, and W criterion. Maximax Decision: m Decision: Equally Likely Decision: W Decision: Minimax Regret Decision: Maximax Prot: Maxiinin Prot: Equally Likely Prot: Hecate; Protr| Minimax Regret Prot