Question: Please advice how I can calculate the EMV by using P. 01983586 Nakata Yasu-.. . JPAIL 7* -4 HiX X PDFelement EX: 07 be /17*

Please advice how I can calculate the EMV by using "P".

01983586 Nakata Yasu-.. . JPAIL 7* -4 HiX X PDFelement EX: 07 be /17* - $3 > - 6: 07 11 Solution in 2 0.4 lotry USD 67,200 0.5 Storm Thin Wine USD 24.000 harvest No Botrytis Wine in bulk USD 12.000 0.5 sell grapes directly USD 12,000 No Good Wine USD 42,000 Do not harvest Light Wine USD 36,000 Harvest immediately USD 34,200 ow acid - Event node 03 USD 30,000 H 18 Harvest - Decision node - sales amediate USD 34,200 5. Refer to the solution in 2, if the storm does not hit Napa Valley, then Mr. Jaeger must still decide whether to harvest right away or to wait. If he waits, then there is a chance of 'lowacid' wine that will yield less revenue. Currently the probability of this outcome has been updated in 2. Perform sensitivity analysis (as "p" for the low acid probability) to determine the probability at which Mr. Jaeger is indifferent between harvesting now and leaving the grapes on the vine, given that the storm

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