ou are a manager evaluating two potential projects, A and B$.$ The profit $($in thousands of dollars$)$ associated with each project under different states of nature is provided below:

State of Profit Profit Nature $($A$)($B$)$

$1.$ $$40.$ $$30$

$2$ $$20$ $$60$

$3$ $$40$ $ $10$

a$)$ Apply the Minimax decision criterion to determine the best decision for each project.