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Consider the following decision scenario: Buy Rent Lease State of Nature High Low $80* 0 70 30 30 50 PV for profits ($000) If Phigh)
Consider the following decision scenario: Buy Rent Lease State of Nature High Low $80* 0 70 30 30 50 PV for profits ($000) If Phigh) is 60, the choice for maximum expected value would be: buy high lease. OOOO rent. low
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