use formula and explain work plz

Read carefully! The owner of the Columbia Construction Company must decide between building a housing development, constructing a shopping center, and leasing all the company's equipment to another company. The project cost that will result from each alternative will be determined by whether community health benefit remain stable, decline or increase. The cost from each alternative, given the three possibilities for community benefit state, is shown in the following payoff table: Houses Shopping Center Leasing Stable 7OK 105K 40K Community benefit Declines Increase SOK SOK 20K 100K S9K 40K Determine the best decision, using the following decision criteria. a. Optimistic b. Pessimistic Calculate Regret and fill the table: Decision Stable Declines Increase Houses Shopping Center Leasing d. Minimax regret Calculate Hurwitz (a=0.3) and Laplace Equal Likelyhood criteria, fill-in the table below: Decision Hurwitz Equal Likelihood Houses Shopping Center Leasing e. Hurwitz (a= 5) f. Equal likelihood Final decision