see the images attached

- The owner of Extreme Bikes Co. is deciding which products to stock. His distributor will give him a deal if he buys more of one kind of bike. The pay-off table below shows the expected weekly sales for a high-end bike (selling at $1,200) or a moderately priced bike (selling at $700) depending on the demand for the high-end bikes. Demand for High-End Bikes Moderate _ Low Demand High Demand Demand Stock High-End 9600 14400 Bikes Stock Moderately Priced 7?00 700 Bikes The purpose of the shop owner is to maximize sales. Using the following decision criteria determine what bikes he should stock. Round your answers to the nearest integer. (a) Maximax Criteria: ~ Decision: Stock High-End Bikes based on 14400 = max{14400,7700) - Decision: Stock High-End Bikes based on 27600 = max(27600,'|1900) -- Decision: High Demand based on 14400 = max{7700,9600,14400} --Decision: Moderate Demand based on 9600 = maxi9600,3500} - None of the above. (19} Maximin Criteria: Decision: Low Demand based on 700 = min(3600,3500,?00} n Decision: Stock Moderately Priced Bikes based on 3600 = max{3600,700} n Decision: Stock High-End Bikes based on 3600 = max(3600,700) -- Decision: Stock Moderately Priced Bikes based on 700 = min(3600,700) --Decision: High Demand based on 700 = maxi3600,3500,700} n None of the above. (c) Equally likely (Laplace) criterion: n Decision: Stock Moderately Priced Bikes based on 7550 = max(5650,6550,7550) n Decision: Low demand based on 5033 = maxi3757,4357,5033) ,, Decision: Stock High-End Bikes based on 9200 = maxi9200,3967) .. Decision: Stock High-End Bikes based on 13800 = maxi13800,5950) ,, Decision: Stock Moderately Priced Bikes based on 9200 = max(9200,3967) .. Decision: Stock High-End Bikes based on 27600 = max(27600,11900) ~ None of the above. (d) Hurwicz criterion {criterion of realism) with a = 0.3. n Decision: Stock High-End Bikes based on 11160 = maxi11160,5600) n Decision: Low demand based on 5330 = max(4330,5330,4810) ,, Decision: Stock High-End Bikes based on 6840 = max{5340,2800) ~ Decision: Stock Moderately Priced Bikes based on 6340 = max(6340,2300) ~ Decision: Stock Moderately Priced Bikes based on 2300 = min(5340,2800) None of the above. (d) Hurwicz criterion (criterion of realism} with a = 0.3. ~ Decision: Stock High-End Bikes based on 11160 = max(11160,5600) - Decision: Low demand based on 5330 = max(4530,5330,4310} Decision: Stock High-End Bikes based on 6840 = max(6340,2800) ~ Decision: Stock Moderately Priced Bikes based on 6840 = max(6840,2500) ~ Decision: Stock Moderately Priced Bikes based on 2800 = min(6840,2800) ' None of the above. (e) Opportunity Loss (Minimax Regret} Criterion. Use the table Demand for H' h-End Bikes Moderate _ Low Demand High Demand Demand Stack High-End 3600 9600 14400 Bikes Stack Moderately Priced 7700 3500 700 Bikes and fill in and use the following regret (opportunity loss) table: Demand for High End-Bikes Low Demand Moderate Demand High Demand Stack High-End Bikes Stack Moderately Priced Bikes State your decision below: ~ Decision: Stock Moderately Priced Bikes based on 4100 = min(4100,13700) ~ Decision: Stock High-End Bikes based on 4100 = min(4100,13700) ~ Decision: Stock Moderately Priced Bikes based on 13700 = max(4100,13700) ~ Decision: Stock Moderately Priced Bikes based on min = 0 ~ Decision: Stock Moderately Priced Bikes based on 19800 = max(4100,19300) 0 None of the above