Problem $1$: Given the following condional value table, determine the appropriate decision under uncertaintyusing:ALTERNATIVESSTATES OF NATUREVERY FAVORABLEMARKETAVERAGEMARKETUNFAVORABLEMARKETBuild new plant $ $350,000$ $ $240,000$ $ $300,000$Subcontract $ $180,000$ $ $90,000$ $ $20,000$Overme $ $110,000$ $ $60,000$ $ $10,000$Do nothing $ $0$ $ $0$ $ $0$a$.$ Maximaxb. Maximinc. Equally likelyd. Minimax regret