can you answer C) and D)

DECISION MAKING UNDER UNCERTAINTY 4) A manufacturing company is considering three different polymeric materials A, B, and C to add to its manufacturing processes and materials database. The conversion costs of each make depends on processing costs per molding strength as shown below: Assume that the revenue is constant HINT: It is absurd to maximize cost for a fixed revenue why not maximize the negative of cost? OR minimize cost OR assume a fixed revenue of say @$20 / Ibf across the board for any make of product A, B or C and find profits matrix by make, which can subsequently be maximized according to the various criterion described below under A, B, C and D criterion ? Note Goals is to maximize Profit which is Revenue - Cost Cost/Molding Strength (NOTE: Revenue is $20/ib) MAKE LOW MODERATE HIGH A $8/lbf $9/lbf $10/bf 12 A) Which material is the best according to the Maximax approach? B) Which material is the best according to the Maximin approach ? C) Which material is the best according to the principle of insufficient reason the Laplace Criterion. (i.e. in the absence of a definitive information on the probability associated with the possible states of nature, use the equal probability or likelihood criteria for decision making i. e. the Laplace Criterion, or the averaging criterion). D) Which material is the best according to the Minimax Regret approach