Consider the Following Decision Scenario *PV for Profits ($000) If P(high) Is

Multiple Choice

Consider the following decision scenario: $$\begin{array} { c } { \text { State of Nature } } \\\begin{array} { | l | l | l | } \hline & \text { High } & \text { Low } \\\hline \text { Buy } & \$ 80 ^ { * } & 0 \\\hline \text { Rent } & 70 & 30 \\\hline \text { Lease } & 30 & 50 \\\hline\end{array}\end{array}$$ *PV for profits ($000) If P(high) is .60, the choice for maximum expected value would be:

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