1. Given the following conditional value table: Management Spring 2021 Assignment Home Desional Alternatives Build new plant Subcontract Overtime Do Nothing a) Using the decision making under uncertainty with the criterion of Maxima Very Favorable Market $300,000 $160.000 $120,000 $0 States of Nature Average Market 5210,000 $100,000 $70,000 50 Unfavorable Market -$280,000 - $15.000 - $8,000 50 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 Maximo 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 El Likely The appropriate decision will be (3) The value of the return 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 Acriterion than finde and tomative that maximize the minimum outcome appropriate for profit) 3: Definition Acriterion that assigns ou probability to each state of nature IT) O Do Nothing Overtime @ Build new O Bluboontract O Do Nothing Overtime tud new plant tutoontract O Subcontra Bulde plant O Do Nothing O Overtime