solve the question kindly with full explaination. thank you.

1. A company wants to open a new manufacturing facility to serve the world market. The possible location could be in four countries. Malaysia, Thailand, Indonesia and Japan. The annual profit that would result from building the plant at each location depends on the relative exchange rates of currencies in these countries. The company has identified three possible exchange rate scenarios and they have estimated the profits that would result (in RM) for each scenario and each plantsite. 1. Determine the optimal plant location using the following decision criteria: (a) maximax, (b) maximin, (c) Laplace, and (d) minimax regret. ii. If the company estimated the probabilities of the scenarios occurring to be 0.3, 0.5,0.2, respectively, determine the locations that maximizes expected profit