Question: Wk Qu . 1 2 - 0 3 A decision maker has prepared... A decision maker has prepared the following payoff table. table [

Wk Qu.12-03 A decision maker has prepared...
A decision maker has prepared the following payoff table.
\table[[Alternative,States of Nature],[High,Low],[Buy,75,10],[Rent,85,45],[Lease,45,35],[Prior Probability,0.1,0.9]]
Using Baye's Decision Rule, what is the best decision and the exp
Note: Round your answer to 1 decimal place.
Answer is not complete.
\table[[Best decision,Rent],[Payoff,]]
 Wk Qu.12-03 A decision maker has prepared... A decision maker has

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