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The next question is based on the following decision matrix ( Number indicates Profit ) State of Nature High ( P = 0 . 2

The next question is based on the following decision matrix (Number indicates Profit)
State of Nature
High (P=0.2) Moderate (P=0.5) Low (P=0.3)
Alternatives Buy $ 50 $ 35(- $ 20)
Rent 302515
Lease 252010
The MINIMAX strategy would be:

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