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3.4.5). i will upvote i just have 50 mins so be quick. thank you. The following three questions are based on the following: The manager

3.4.5). i will upvote i just have 50 mins so be quick. thank you. image text in transcribed
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The following three questions 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? The maximin strategy would be: Lease Hish Rent Low Buy The Laplace strategy would be: Buy High Lease Rent Low If P( high) is .60 , the choice for maximum expected value would be: Lease Rent Buy High Low

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