Laura is trying to decide whether to sell her knitted hats on Etsy, at a holiday bazaar, or in a…


Laura is arduous to career whether to vend her knitted hats on Etsy, at a misemployment bazaar, or in a persomal boutique. She can vend each hat for $15, period materials absorb her $3. Etsy charges an concomitant fee of $0.5/hat for the listing period the boutique would absorb her $2/hat to evince them. She earn regularly shape 20 hats to be on the unendangered interest. Demand could be 0 hats/month, 10 hats/month, or 20 hats/month. a) Develop the payoff matrix. b) What is her resolution lower maximax? c) What is her resolution lower maximin? d) What is her resolution lower equal likely? e) Given the probabilities for demands adown, what is the best EMV? Demand= 0 Demand= 10 Demand= 20 Etsy 0.5 0.4 0.1 Bazaar 0.25 0.5 0.25 Boutique 0.2 0.4 0.4 ***PLEASE SHOW WORK***