Excel Online Activity: Decision Analysis Edwards Machine Toois needs to purchose a newpmachine. The basic model is slower but costs less, while the advanced model is faster but costs more. Profitability will depend on future demand. The following table presents an estimate of profits over the next three years. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and pertorm the required analysis to answer the questions below. Given the uncertainty associated with the demand volume, and no other information to work with, how would you make a decision using maximax and maximin criteria? Maximax Decision: Maximin Decision