Based on past experience, the owner of Humber Bicyles Co. makes assumptions about the demand for the high-end bike (see the pay-off table below): Demand for High-End Bikes Moderate Low Demand High Demand Demand Stock High- 3000 6000 12000 End Bikes Stock Moderately Decision 4500 2500 1500 Priced Bikes Probability of State of 0.3 0.4 0.3 NatureDemand for High-End Bikes Moderate Demand High Demand Stock High-End Bikes Stock Moderately Priced Bikes Probability of State 0.3 0.3 of Nature