Southland Corporation's decision to produce a new line of recreational products igh. The following payoff table shows the projected profit in millions of dollars. $($a$)$ What is the decision to be made, and what is the chance event for Southland's problem? The decision is to choose $.$ There art i alternatives. The chance event is the market demand for the new product line $.$ There are $6\backslash$times possible outcomes. $($b$)$ Construct a decision tree. $($Submit a file with a maximum size of $1$ MB$.)7$ No file chosen $($c$)$ Recommend a decision based on the use of the optimistic, conservative, and minimax regret approaches.