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Kris is considering taking her poutine food truck to the local wine festival to vend. She is pondering the amount of food to stock. Given

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Kris is considering taking her poutine food truck to the local wine festival to vend. She is pondering the amount of food to stock. Given the payoff matrix below, what is her decision under equally likely? High demand Average demand Low demand Large stock $20864.60 $12616.02 $-1587.34 Medium stock $12561.6 $10,000 $6.000 Small stock $9,000 $8,000 $4309.37 a. Small, because its expected payoff is $7103.12. b. Medium, because its expected payoff is $9520.53. c. Large, because its expected payoff is $10631.09. d. Medium, because its highest payoff is $12561.6. e. None of the other choices. f. Small, because its highest payoff is $9000. g. Large, because its highest payoff is $20864.60

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