Maximus Pty. Ltd. mainly sell Womenswear, Menswear, and Kidswear products to their customers. Other than exporting, the sales are done in-store as well as online. The business is interested to study profits according to the sales done as exports, in-store, and online. The profits ($000) from supplies of the 3 product types according to the demands are shown in the payoff table below:

	State of nature
Alternatives	In-store	Online	Exports	Expected value (EV)
Probability	0.33	0.28	0.39
Womenswear	42	50	20
Menswear	70	30	25
Kids wear	65	45	35

a. Calculate the expected values of the given alternatives (use the shaded areas to write your answer).

b. According to your answer to part (a) of this question, what product provides the best expected payoff? Provide reasons for your answer to this question.

c. With the Maximax approach, what is the alternative with the best possible payoff (Best alternative)? Give reasons for your answer.

d. With the Maximin approach, what is the alternative with the best possible payoff (Best alternative)? Give reasons for your answer.