Question $2.($i$2$ marks$)$

The following paryoll table shows expected profits $($in millions$)$ under different market conditions for two new mining preiects:

$\backslash$table$[[$Mara$1$ Brize,Proce X$,$Prope Y$],[$High$,450,320],[$Medium$,210,140],[$Low$,-60,40]]$

Tasks:

$($a$)$ Apply the Maximax decision critterion $(4)$

$($b$)$ Apply the Maximin decision criterion $(4)$

$($c$)$ Apply the Minimax Regret criterion. Construct the regret table. $(4)$