Based on the Following Payoff Table, Answer the Following The Maximax Strategy Is:
A) Buy

question 13

Multiple Choice

Based on the following payoff table, answer the following:
$$\begin{array} { | l | r | r | } \hline { \text { Alternative } } & \text { High } & { \text { Low } } \\\hline \text { Buy } & 90 & - 10 \\\hline \text { Rent } & 70 & 40 \\\hline \text { Lease } & 60 & 55 \\\hline \text { Prior Probability } & 0.4 & 0.6 \\\hline\end{array}$$
The maximax strategy is:

• A) Buy.
• B) Rent.
• C) Lease.
• D) High.
• E) Low.

---

Definitions:

Congress

The legislative branch of the United States federal government, comprised of the Senate and the House of Representatives, responsible for making laws.

Southeast Asian Foods

Cuisines originating from countries in the Southeast Asian region, known for their diverse flavors, ingredients, and cooking methods.

Partnership

A legitimate form of commercial enterprise that involves shared management and profit distribution among two or more participants.

Owner

An individual or entity that possesses property, rights, or interests in an asset or item.