(a) What is the decision to be made, what is the chance event, and what is the consequence for this problem? The decision to be made is - The chance event is . The consequence is How many decision alternatives are there? How many outcomes are there for the chance event? The recommended decision using the optimistic approach is the decision using the minimax regret approach is the service. The recommended decision using the conservative approach is the service. The recommende service. optimal decision. (Enter your answers in thousands of dollars.) EV(full)EV(discount)$$thousandsthousands The optimal decision is the service. thousands of dollars.) EV(full) $ thousands EV(discount) \$ thousands The optimal decision is the service. If the probability of strong demand falls below , the service is the best choice. If the probability of strong demand is greater than , the