in excel please Step $3.$Show how Monte arrived at his recommendation by doing a thorough decision analysis. Put your answer in the tab entitled "Tab $2$ Monte's Analysis". $($same as step $3$ in Part $2$ of Assignment $2-$ but ensure that you update the values to align with THIS decision tree$)$ To do this, engage in decision making by finding the optimal decision using each of the following decision methods. $-$ Maximax $-$ Maximin $-$ Expected monetary value $-$ Coefficient of variation $-$ Return to risk ratioMonte waited patiently for the board of directors of AgroPest International to absorb his presentation. The company. which produced agricultural fertilisers and pesticides, had a new CEO who values evidence$-$based decision making. The board of directors were used to presentations that relied on instinct and theory. They were not used to what they just saw, which was a decision tree with probabilities, expected values, and return to risk ratios. They just wanted to hear how staying with the old pesticide was the best idea because that's what they were comfortable with. But Monte had just shown that the best decision based on evidence would be to go with the new pesticide. He knew there were concerns with the new product being delayed for release because it was still in development. But the current product might get banned due to health concerns! Shouldn't that be reason enough? He shook his head and leaned back to wait for the comments to begin.