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A decision maker has prepared the following payoff table.States of NatureAlternativeHighLowBuy90?10Rent7040Lease6055PriorProbability0.70.3Using Baye??s Decision Rule, what is the best decision a 2 answers

A decision maker has prepared the following payoff table.States of NatureAlternativeHighLowBuy90?10Rent7040Lease6055PriorProbability0.70.3Using Bayeâ??s Decision Rule, what is the best decision a 2 answers

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