Question: Problems 6 - 8 are based on the following: The manager must make a decision from buying, renting, and leasing. The profits under each of

Problems

6 - 8

are based on the following:

The manager must make a decision from buying, renting, and leasing. The profits under each of the two possible states of nature are shown in the table below. Which alternative should be selected?

\

table

[[,

State of Nature,

], [,

High,Low

], [

Buy

,

80,

15

Problems 6-8 are based on the following: The manager must make

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