Question: A decision maker has prepared the following payoff table. table [ [ Alternative , States of Natur ] , [ High , Low ]

A decision maker has prepared the following payoff table.
\table[[Alternative,States of Natur],[High,Low],[,75,10],[Rent,85,45],[Lease,45,35],[Prior Probability,0.1,0.9]]
Using Baye's Decision Rule, what is the best decision and the expected payc Note: Round your answer to 1 decimal place.
Best decision
A decision maker has prepared the following payoff table. \table[[Alternative,States of

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