Question: A decision maker has prepared the following payoff table. Alternative Buy Rent States of Nature High Low 85 5 70 50 45 55 Lease Using

A decision maker has prepared the following

A decision maker has prepared the following payoff table. Alternative Buy Rent States of Nature High Low 85 5 70 50 45 55 Lease Using the Maximin criterion, what is the best decision and the expected payoff? Best decision Payoff

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