Question: A decision maker has prepared the following payoff table: States of Nature Alternative High Low Buy 95 15 Rent 80 50 Lease 45 55 Using

A decision maker has prepared the following payoff table:

States of Nature
Alternative High Low
Buy 95 15
Rent 80 50
Lease 45 55

Using the Matrix criterion, what is the best decision and the expected payoff?

Best decision: ____________

Payoff: ____________

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