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

How does one apply the Minimin Principle?
Identify the highest profit per Action and choose one whose highest profit is highest
Identify the lowest profit per Action and choose one whose lowest 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
How does one apply the Minimin Principle?

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