1. Given the following conditional value table Alternatives Build new plant Subcontract Overtime Do Nothing a) Using the decision making under uncertainly with the criterion of Mawimax Very Favorable Market $300,000 $160,000 $120,000 $0 States of Nature Average Market $210,000 $100,000 $70,000 $0 Untworable Market -$280.000 - $15,000 - $8.000 $0 The appropriate decision will be (1) The value of the return under this decision is b) Using the decision making under uncertainty with the criterion of Maximin The appropriate decision will be (2) The value of the return under this decision is $ c) Using the decision making under uncertainty with the criterion of Elly! The appropriate decision will be (3) The value of the retum under this decision is $ (enter your answer as a whole number) 1: Definition A criterion that finds an alternative that maximizes the maximum outcome (appropriate for profit) 2: Definition A criterion that finds and alternative that maximizes the minimum outcome (appropriate for profit) 3: Definition A criterion that assigns equal probability to each state of nature (1) O Do Nothing O Overtime Build new plant O Subcontract (2) O Do Nothing Overtime O Build new plant O Subcontract 3 O Subcontract O Build new plant O Do Nothing Overtime