MedStar Health is expanding into Virginia. The firm must select one location where it can build a clinic to serve patients. The following table lists the expected profits for clinics in three locations and the expected probabilities of the two possible situations: high numbers of patients utilizing the clinic or low numbers of patients utilizing the clinic. Location High (0.75) Low (0.25) Alexandria $1,500,000 $950,000 Woodbridge $1,200,000 $600,000 Leesburg $900,000 $200,000 Find the best decision using the following: a. Develop a payoff table for this situation. b. Find the following: 1. Maximax 2. Maximin 3. Equal likelihood 4. Minimax regret