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Consider the Following Decision Scenario *PV for Profits ($000) the Maximax Strategy Would Be:
A)

Question 91

Multiple Choice

Consider the following decision scenario:  State of Nature  High  Low  Buy $800 Rent 7030 Lease 3050\begin{array} { c } { \text { State of Nature } } \\\begin{array} { | l | l | l | } \hline & \text { High } & \text { Low } \\\hline \text { Buy } & \$ 80 ^ { * } & 0 \\\hline \text { Rent } & 70 & 30 \\\hline \text { Lease } & 30 & 50 \\\hline\end{array}\end{array} *PV for profits ($000) The maximax strategy would be:


A) buy.
B) lease.
C) rent.
D) high.
E) low.

Correct Answer:

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