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2. The Shop-Quick Supermarkets purchase large quantities of white bread for sale during a week. The stores purchase the bread for $0.75 per loaf and sell it for $1.10 per loaf. Any loaves not sold by the end of the week can be sold to a local thrift shop for $0.40. Based on past demand, the probability of various levels of demand is as follows: DEMAND (LOAVES) PROBABILITY 6,000 0.10 8,000 0.50 10,000 0.30 12,000 0.10 1 Define the action Al: .. Define the state of nature $1: . 2 Set up the payoff table and compute expected monetary values States of Nature 6000 8000 10000 12000 ( .1 ) (.5) ( .3 ) ( .1 ) EMV Action Payoff Table The maximum EMV =