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(2) Masanori Pharmaceuticals, Inc. is a Japanese company that has been in business for about 70 years, making different types of drugs and vaccines. Given the current coronavirus pandemic looming in the United States and the globe, the company is considering whether or not it should invest in developing a vaccine to protect against the virus. If it invests and the venture is successful, it would reap an estimated profit of $60 million. On the other hand, if it is unsuccessful, it will lose about $20 million from all its investment in pursuing the endeavor. However, if the company chooses to do nothing (That is, does not invest in developing a vaccine) it will neither earn a profit nor suffer a loss. The table of payoffs can be represented as shown below. Minimum Maximum Decision Outcome A (Develop Vaccine) Successful $60 million Failure - $20 million B (Do not develop Vaccine) 0 0 Assuming there is uncertainty as to whether or not the venture would be successful, determine, by doing the necessary calculations, the decision tharwould be made by this company under the following rules [Note: You must clearly show how you arrived at your answer -- no guesswork, please!!! (a) Maximin decision rule [2 points] (b) Laplace decision rule 12 points] (c) Hurwicz criterion when the coefficient of optimism is 0.2 [4 points]