A computer scientist wishes to start his own business of selling and servicing computers. In order to determine the size of business he should set up, he constructs the following payoff table (in $1000s). Medium Size of Small Business Medium -I_ Lar_e The scientist assumes that the probabilities for the different demand levels are: P(Low) = 0.25 P(Medium) = 0.50 P(High) = 0.25. (i) Which size of business he should choose if the maximin criterion is used? (ii) Calculate the Expected Monetary Values. What is the optimal decision? (iii) Find the Expected Value of Perfect Information