ll The Payoff Table: An example States of nature Winter Winter Winter Decision Mild Typical| Severe Alternatives(0.3)(0.5)(0.2 Does not lease snow-making 20,000$30000$50,000 machine Does lease snow-making/$30,000$35,000$40,00 machine o 2002 The Wadsworth GroupThe Payoff Table: An Example States of Nature D ecision A lternatives Winter Mild (0.3) Winter Typical (0.5) Winter Severe (0.2) Does not lease snow-making machine $20,000 $30,000 $50,000 Does lease snow-making machine $30,000 $35,000 $40,000 © 2002 The Wadsworth Group