Question Set 1. Samsung is considering different R&D paths for the upcoming year's release. The fourstrategies (along with changing nothing) under consideration are: Decrease Depth: Decrease the depth of the

phones without affecting other snecs specsMore Battery Power. Increase battery capacity of phones by 7% Mixed: Combine above two strategies somehow No Change: Do not change anything, buyers seem content The outcomes of the possible strategies (in millions of dollars) depend on how the competitors behave.Samsung considers four different outcomes, which are not shared, say A, B, C and D. Negative valuesindicate loss for Samsung and positive values indicates possible profits. For the following questions, you will use Excel to identify the best strategy according to various criteria.You only need to perform the necessary calculations to show which one is best. For example, the firstquestion is for maximax. You need to set up formulas to find the maximum payoff for each strategy andto then find the highest value among them. However, once you have calculated that highest value, you canjust type in the corresponding strategy without any further Excel calculations. 1. What would be Samsung's decision using the maximax çriterion? (3nts) 2. What would be Samsung's decision using the maximin criterion? (3nts) 3. What would be Samsung's decision using the Laplace criterion? (3pts)4 Whot 4. What would be Samsung's decision using the minimax regret criterion? It is helpful to construct aregret table for this problem. (6pts)