James Madison president of Madison manufacturing inc is considering wheat her to build more manufacturing plant in Madison Wisconsin he is considering three sizes of plant : small medium or large at the same time an uncertain economy makes ascertaining the demand for the new plants difficult .His management team has the following profit (million)payoff table small plant 14,000 medium plant 12,000, large plant is 21,000 fair economy 15000, 18,000 16,000 poor economy 10,000 8,000 6,000. A.using conservative approach specify the best decision alternative B. Using the minimax regrant approach create an Eol (expected opportunity loss) Table and specify the best decision suppose the probabilities for good ,fair and poor economy are 40%20%and 40% respectively C. Draw a decision tree and solve it what is the recommended information (EVPI) ?