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The DellaVecchia Garden Center purchases and sells Christmas trees during the holiday season. It purchases the trees for $10 each and sells them for $20 each. Any trees not sold by Christmas day are sold for $2 each to a company that makes wood chips. The garden center estimates that four levels of demand are possible: 100, 200, 500, and 1,000 trees. Suppose that the probabilities of the demand for the different number of trees are as follows: Demand (Number of Trees) Probability 100 0.2 200 0.1 500 0.3 1000 0.4 a. Compute the payoffs for purchasing 100, 200, 500, or 1,000 trees for each of the four levels of demand. b. Construct a payoff table, indicating the events and alternative courses of action. c. Construct a decision tree. d. Construct an opportunity loss table. e. Compute the expected monetary value (EMV) for each action. f. Compute the expected opportunity loss (EOL) for each action. g. Based on the results of EMV or EOL, which action would you choose? Why?