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The owner of Humber Bicyles Co. is deciding which products to stock. His distributor will give him a deal if he buys more of one

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The owner of Humber Bicyles Co. is deciding which products to stock. His distributor will give him a deal if he buys more of one kind of bike. The pay-off table below shows the expected weekly sales for a high-end bike (selling at $1,000) or a moderately priced bike (selling at $700) depending on the demand for the high-end bikes.

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Demand for High-End Bikes Moderate Low Demand Demand High Demand Stock High- 3000 6000 10000 End Bikes Stock Moderately Decision 7700 3500 2100 Priced BikesDemand for High-End Bikes Moderate Low Demand High Demand Demand Stock High- 3000 6000 10000 End Bikes Stock Moderately Decision 7700 3500 2100 Priced Bikes and fill in and use the following regret (opportunity loss) table: Demand for High End-Bikes Low Demand Moderate Demand High Demand Stock High-End Bikes Stock Moderately Decision Priced Bikes

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