An airline decided to offer direct service from City A to City B. Management must decide between a full price service using the company's new fleet of jet aircraft and a discount service using smaller capacity commuter planes. It is clear that the best choice depends on the market reaction to the service the airline offers. Management developed estimates of the contribution to profit for each type of service based upon two possible levels of demand for service to City B: strong and weak. The following table shows the estimated quarterly profits (in thousands of dollars). Demand for Service Service Strong Weak Full price $950 -$510 Discount $660 $320 (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 *