A plant manager considers the operational cost per hour of machine alternatives. The cost per hour is sensitive to three potential future labor market conditions: Tight, Moderate, and Favorable. The following table represents the operations cost per hour for each alternative-state of nature combination: (round all answers to 2 decimal places)

Labor market related cost per hour Tight Moderate Favorable Probability 0.33 0.18 0.49 Machine 1 58 36 44 Machine alternatives Machine 2 65 32 49 Machine 3 71 25 56 Machine 4 74 38 42