The alternatives 1 and 2 in the following payoff table represent the two possible manufacturing strategies that the EKA manufacturing company can adopt.The level of demand affects the success of both strategies.The states of nature (SI)represent the levels of demand for the company products.S1,S2 and S3 characterize high,medium and low demand respectively.The payoff values are in thousands of dollars. 
Find the expected monetary value for each of the alternatives and determine the best alternative (course of action)for the EKA manufacturing company using the expected monetary value criterion.
Definitions:
Substantial-purpose Rule
A legal doctrine that focuses on the main objective of an action to determine its legality or the applicability of certain laws.
Main-purpose Rule
A legal principle stating that if the main purpose of a promise to pay another's debt is to benefit the promisor, the promise may be enforceable without being in writing.
Executor
An individual appointed in a will to manage the estate of the deceased, ensuring that all affairs are settled and wishes are honored.
Estate
The total property, assets, and liabilities of a person, especially considered in the context of inheritance or estate planning.
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