Given the following conditional value table:
Very Favorable Average Unfavorable
Alternatives Market Market Market
Build new plant $350,000 $240,000 -$300,000
Subcontract $180,000 $ 90,000 -$ 20,000
Overtime $110,000 $ 60,000 -$ 10,000
Do nothing $ 0 $ 0 $ 0
Determine the approximate decision under uncertainty using:
a) Maximax
b) Maximin