Question: Reference: Use the table seen below for questions 4,5, and 6 immediately seen below. Alternative Buy Rent Leisc Prior Probability High 90 70 60 0.4

Reference: Use the table seen below for questions 4,5, and 6 immediately seen below. Alternative Buy Rent Leisc Prior Probability High 90 70 60 0.4 Low -10 40 SS 0.6 4. The maximax strategy is: A) Buy. B) Rent. C) Lease. D) High E) Low 1 5. The maximin strategy is: A) Buy. B) Rent. C) Lease. D) High E) Low. 6. The expected value of perfect information is: A) 12. B) 55. C) 57. D) 69. E) 90

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