The Gorman Manufacturing Company must decide whether to purchase a component part from a supplier or to manufacture the component at its own plant. If demand is high, it would be to Gorman's advantage to manufacture the component. If demand is low, however, Gorman's unit manufacturing cost will be high because of underutilization of equipment. The projected profit in thousands of dollars for Gorman's makeor-buy decision is as follows. Decision Manufacture component Purchase component Low $230 $200 Demand Medium High $30 $80 $40 $130 a. Determine the best decisions using the maximax, maximin, and opportunity loss decision criteria. Using the maximax criterion, choose to -Select- Using the maximin criterion, choose to -Select- To minimize the maximum opportunity loss, choose to -Select- b. Assume that the probability of low demand is 0.45, of medium demand is 0.30, and of high demand is 0.25. What is the best decision using the expected value criterion and what is the expected value of perfect information? Enter your answers in thousands. For example, an answer of $1.2 thousand should be entered as 1.2, not 1,200. Round your answers to two decimal places. The expected value for manufacturing is $ thousand. The expected value for purchasing is $ thousand. Therefore, the expected value decision is to -Select- The expected value of perfect information is $ thousand.