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A decision maker has prepared the following payoff table. Alternative States of Nature High Low Buy 75 -10 Rent 70 30 Lease 50 35 Using
A decision maker has prepared the following payoff table.
| Alternative | States of Nature | |
|---|---|---|
| High | Low | |
| Buy | 75 | -10 |
| Rent | 70 | 30 |
| Lease | 50 | 35 |
Using the Maximin criterion, what is the best decision?
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The Art Of Bad Management
Authors: Nathan Burden
1st Edition
1980615551, 978-1980615552
