Please explain every steps, thank you.

1. Consider the following table, which includes the revenue outcomes for four projects in three different states of nature. a) Consider that the probabilities of occurrence of States 1, 2, and 3 are 0.4,0.5, and 0.1 , respectively. Use the expected value method and highlight your project choice using this method. b) Use game theory - minimizing the maximum harm of any outcome - and highlight your project choice using this method