ln-Class Activity 5 Hemmill Ltd manufactures 2 twee of sailing boats. Yachts and Skis. Data for each (per unit) is given below: Yachts Skifts Sales Price 550.000 550.000 Direct Material Cost 54,000 51000 Direct Labour Cost 514,000 521,000 Variable Of H Cost 510,000 59,000 Other Variable Cost 512,000 $10,000 Labour Hours required per unit 145 200 Maximum Demand 90 50 Assuming there are only 20.000 labour hours avalla his {due to shortages of skilled boat-building labour}, how many of each type of boat should Hammill produce? ln-Class Activity 6 Differentiate between risk and uncertainty. Provide example of each. ln-Claas Activity 7 Elaine wants to open a small shop and has the money to rent a small space in which she is considering talk-g either an umbrellas. ice creams or a mixture of the two (both). The prots from each over the next year will depend on the weather. for which 2 possible states are considered - Sunny or Rainy. Prots Type of shop SW5 Ice Cream Umbrellas Both Weather Sunny 60 20 45 State Rainyr -15 40 15 Required: Determine whim option Elaine will choose under the Maxim\