A market buys T-bone steaks from a university's animal science department. The purchase price is $2.50 per pound, and the market sells the stick for $4.00 per pound. Steak left over at the end of the week is sold to a local cannery for $0.50 per pound. According to sales records over the past 100 weeks, demand has been as follows: Weekly demand Number of weeks 10 10 11 10 10 20 12 20 13 13 30 14 10 10 15 TOTAL 10 10 100 Construct a payoff table for the various demand and stocking quantities. Determine the best amount to stock using each of the following criteria: a) Laplace b) maximin c) maximax d) Hurwicz (a = 0.2) e) regret (minimax) If the market can obtain perfect information concerning the following week's demand for T-bone steak, what will the expected profit be? Determine the optimal stock quantity.