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Part B A company is considering three machines with the following forecasted prot. The following prot table has been drawn up: $000 $000 $000 Worst

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Part B A company is considering three machines with the following forecasted prot. The following prot table has been drawn up: $000 $000 $000 Worst Case Most Likely Best Case a} Determine which project should be selected using the maximax rule and the maximin rule. (2 marks} b} Compute the value of perfect information for the situation above. (9 marks) c} The machine with the highest expected profit should always be selected. Briey state ifyou agree with this statement. (2 marks}

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