(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 type of service to provide . The chance event is the level of demand for the service . The consequence is the amount of quarterly profit . How many decision alternatives are there? How many outcomes are there for the chance event? (b) If nothing is known about the probabilities of the chance outcomes, what is the recommended decision using the optimistic, conservative, and minimax regret approaches? The recommended decision using the optimistic approach is the service. The recommended decision using the conservative approach is the service. The recommended decision using the minimax regret approach is the discount service. EV(discount)$service.Theoptimaldecisionisthethousands EV (full) \$_ thousands EV(discount) \$ thousands The optimal decision is the (e) Use graphical sensitivity analysis to determine the range of demand probabilities for which each of the decision alternatives has the largest expected value. (Round your answer to four decimal places.) If the probability of strong demand falls below , t service is the best choice. If the probability of strong demand is greater than l, the service is the best choice