The CEO of Lucky Petroleum Co. has been considering to open a new gasoline statioin. He must decide how large the station should be. The annual returns (IDR billions) will depend on both the size of...

The CEO of Lucky Petroleum Co. has been considering to open a new gasoline statioin. He must decide how large the station should be. The annual returns (IDR billions) will depend on both the size of the station and market factor. After a careful analysis he developed the following table:

a. Compute the expected value of each alternative size of station, and select the best decision.
b. Construct the opportunity loss table and determine the best decision.
c. Compute the expected value of perfect information.