Question: How does one apply the Minimax Principle? Identify the highest profit per Action and choose one whose highest profit is highest Identify the highest cost

How does one apply the Minimax Principle?
Identify the highest profit per Action and choose one whose highest profit is highest
Identify the highest cost per Action and choose one whose highest cost is lowest
Calculate the average of each Action column and choose the one that is highest for profits, or the one
that is lowest for costs.
Identify the lowest cost per Action and choose one whose lowest cost is lowest
Identify the lowest profit per Action and choose one whose lowest profit is highest
How does one apply the Minimax Principle? Identify the highest profit

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