pls answer the question

1. Describe what is involved in the decision making process? 2. What is alternative? What is a state of nature? 3. Discuss the differences between decision making under certaintyI under risk and decision making under uncertainty? 4. AAA Inc., is specializes in manufacturing modern electronic component. It also build equipment that produces the component. There are three state of nature in market; Strong marketI fair market and poor market. The probabilities for three possibilities are 0.2 for strong market, 0.5 for fair market and 0.3 for poor market. Table below shows the alternative and profit for AAA Inc., in three states of nature. Alternative Strong Fair Poor Market Market Market (RM) (RM) (RM) Construct Large Plant 75,000 25,000 40,000 Construct Small Plant 100,000 35,000 -60,000 Do Nothing 0 0 0 i. What do you suggest to AAA Inc.,? ii. Let say's SSS Consultant propose to help AAA inc.. with information and this information could prevent AAA inc., from making mistake in decision making. SSS consultant would charge RM 57.000 to AAA inc... Suggest the best option to ,_ L AAA inc... iii. Develop an opportunity loss (EOL) table and suggest the best option for this