Question: Based on the following payoff table, answer the following: Alternative High Low Buy 90 -10 Rent 70 40 Lease 60 55 Prior Probability 0.4 0.6

Based on the following payoff table, answer the following:

Alternative High Low
Buy 90 -10
Rent 70 40
Lease 60 55
Prior Probability 0.4 0.6

The maximax strategy is:

Group of answer choices

A) Buy.

B) Rent.

C) Lease.

D) High.

E) Low.

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