i wanna simple answer

3. Southland Corporation's decision to produce a new line of recreational products resulted in the need to construct either a small plant or a large plant. The best selection of plant size depends on how the marketplace reacts to the new product line. To conduct an analysis, marketing management has decided to View the possible longrun demand as low, medium, or high. The following payoff table shows the projected prot in millions of dollars: Long-Run Demand Plant Size Low Medium High Small 1 50 200 200 Large 50 200 500 What is the decision to be made, and what is the chance event for Southland's problem? Construct an inuence diagram. Construct a decision tree. Recommend a decision based on the use of the optimistic, conservative, and minimax regret approaches. P'PP