Problem 5 (15 marks) Jill has been employed at ABC Realty with a salary of $2,000 per month during the past year. Because Jill is considered to be a top salesperson, the manager of ABC is offering her one of three salary plans for the next year: (1) a 25% raise to $2,500 per month; (2) a base salary of $1,000 plus $600 per house sold; or, (3) a straight commission of $1,000 per house sold. Over the past year, Jill has sold up to 6 homes in a month. a. Compute the monthly salary payoff table for Jill. b. For this payoff table, find Jill's optimal decision using: (1) the conservative approach, (2) minimax regret approach. c. Suppose that the following is Jill's distribution of home sales during the past year. If one assumes that this a typical distribution for Jill's monthly sales, which salary plan should Jill select? Home Sales Number of Months 0 1 1 2 2 1 3 2 4 5 13 6 2