The owner of a small specialty food store stocks specially aged steak. In the past 100 weeks, the store has experienced the following weekly demand for this steak (in pounds):

Weekly Demand (pounds)	Frequency (weeks)
15 25 35 55	10 30 50 10

The owner buys the meat from his supplier for $2.10 per pound and sells the steak for $5.00 per pound. All that is left unsold at the end of the week is sold at discount to the county animal shelter at $0.50 per pound.

The food store owner wants to know how many pounds of steak to consistently order per week.

Build the payoff table for this decision situation.

In a space created below this part, you must present your payoff table HERE.

Build the regret table for this decision situation.

In a space created below this part, you must present your regret table HERE.

In new lines entered below this part, state the best (that is, the optimal) decision according to the expected value criterion for the appropriate number of pounds of steak to consistently stock.

In new lines entered below this part, state the dollar amount of the profit expected from this decision.

In new lines entered below this part, state the decision alternative indicated by the maximum likelihood criterion.

In new lines entered below this part, state the dollar amount of the profit from the maximum likelihood decision.