The following payoff table provides prots based on various possible decision alternatives and various levels of demand at Amber llIiardner's software firm: Demand Level Low Alternative A $10,000 B $8,000 C {$5.000} 'Profits in S thousands a. Plot the expecteddvalue lines on a graph. [11th edition - see page 222 and 223 of your text for example] b. Is there any alternative that would never be appropriate in terms of maximizing expected prot? Explain on the basis of your graph. [see graph in part a] c. For what range of P [High Demand] would alternative A be the best choice if the goal is to maximize expected prot? d. For what range of .P [High Demand] would alternative B be the best choice if the goal is to maximize expected prot? e. Compute the expected values for each alternative if the probability of low demand level is 0.30. Which of the the options is best under this probability? f. Using the probability of low demand as 0.3 [therefore probability of high demand = 0.7], compute the EVPI. Explain the signicance of this number [i.e. what does it mean?]