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Director of legal services of ABC Company must decide whether to hire another full-time lawyer or to hire part-time lawyers.Given the following payoff table, determine the appropriate decision using the maxi-min rule. States of Nature Favorable AverGiven the following payoff table, determine the appropriate decision using the maxi-max rule. States of Nature Favorable Aver

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DATE 1 EMV of Hire Full Time Lawyer (900 x 0.45) + (800x0,5) +(100X0.05) 400 + 5 405 t 810 EMV of Hire part time Laweyer: =(8

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