Problem $1.$ Four outsource contracts are being considered for a major product line.The long term forecast for sales depends on what the economic factors $($Eco$)$ as well asthe demand taken by competition $($Comp$).$ Eco has two levels: Up and Down, while thedemand taken by the competition can be High or Low. This results in four states ofnature. What is the optimistic descion? the conservative decision? the min$-$max regretdecision?