the question needs calculations to solve it

Task 3 (1500 words equivalent) Mahmoud has the following profit scenarios for the three alternatives that he has: Scenario 1 2 3 OMR100,000 OMR40,000 OMR120,000 Forecast contribution - project A Forecast contribution - project B Forecast contribution - project OMR 50,000 OMR 100,000 OMR 60,000 OMR 45,000 OMR 90,000 OMR 80,000 Help Mahmoud take decision and determine which project should be accepted according to both rules of Maximin and Maximax by preparing a report addressing the following: A. Discuss the importance of using Maximin and Maximax technics for decision making. (10 marks) B. Calculate the expected value of each project under Maximine approach. (5 marks) C. Calculate the expected value of each project under Maximax approach. (5 marks) D. Recommendation to Mahmoud in a form of summary report identifying the project to be selected along with the justification (10 marks) Task 3 (1500 words equivalent) Mahmoud has the following profit scenarios for the three alternatives that he has: Scenario 1 2 3 OMR100,000 OMR40,000 OMR120,000 Forecast contribution - project A Forecast contribution - project B Forecast contribution - project OMR 50,000 OMR 100,000 OMR 60,000 OMR 45,000 OMR 90,000 OMR 80,000 Help Mahmoud take decision and determine which project should be accepted according to both rules of Maximin and Maximax by preparing a report addressing the following: A. Discuss the importance of using Maximin and Maximax technics for decision making. (10 marks) B. Calculate the expected value of each project under Maximine approach. (5 marks) C. Calculate the expected value of each project under Maximax approach. (5 marks) D. Recommendation to Mahmoud in a form of summary report identifying the project to be selected along with the justification (10 marks)