The following payoff table provides profits based on various possible decision alternatives and various levels of demand. 
The probability of a low demand is 0.4, while the probability of a medium and high demand is each 0.3.
(a) What decision would an optimist make?
(b) What decision would a pessimist make?
(c) What is the highest possible expected monetary value?
(d) Calculate the expected value of perfect information for this situation.
Definitions:
Fetal MRI
A non-invasive imaging technique used to examine the fetus in utero, providing detailed images of the fetus's organs and structures to detect or evaluate abnormalities.
Surgery
A branch of medicine that deals with the treatment of injury, deformity, and disease by manual and instrumental operations.
Genotype
The genetic constitution of an individual organism, referring to the specific alleles or variants at particular loci in the genome.
Phenotype
The set of observable characteristics of an individual resulting from the interaction of its genotype with the environment.
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