1. The ABC Co. is considering a new consumer product. They have no idea whether or not the market will be favorable. If ABC adds an assembly line for the product and the market is favorable, their expected profit is $30,000; if ABC add an assembly line and market is unfavorable, they still expect a $10,000 profit. If ABC adds a new plant addition and the market is favorable, they expect a profit of $100,000; if the market is unfavorable, ABC expects a loss of $20,000. 1. Represent the above decision-making problem in form of payoff table. 3 points Your answer 3 points II. What would be the best decision based on the maximax (optimistic) criterion? Your answer 4 points III. What would be the best decision based on the maximin (pessimistic) criterion