Question: can anyone help me with the second and third question of this we did the first one. But, I am having trouble completing the sensitivity

can anyone help me with the second and third question of this we did the first one. But, I am having trouble completing the sensitivity analysis.

1. What is Mike's expected gross revenue if he harvests now? What is his gross expected revenue if he does nothing and waits out the storm? What are the risks in choosing to harvest now or in waiting out the storm?

2. Is it a good idea for Mike to protect his crop? Why? What is the maximum that Mike should pay for the protection?

3. If the probability the storm would hit is 20%, what should Mike do? If the probability the storm would hit is 75%, what is Mike's best choice?

this needs a full sensitivity analysis

can anyone help me with the second and third question of this

Protect 0. 6 90% salvage Decision tree cliagram - Lose 75% salvage Storm D. y 50% salval 0. 5 ( 50% ) Total gain Protect Dick ( 1, 32, 736 ) Not proted 90 % salvage inc. go1 retaieval ( salvage Harvest Now Resichee = $1, 46, 36 8 No Storm Protect Problem ( 0 -3 ) 80% retrieval Decision 0 . 5 ( 507. No Problem T 100% retrieval No protects (0.7 ) ( 1 / 60 , UN0 ) Did not protect Do nal hawreal 100' retrieval Noue Revenue = $1, 20, OUR0

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