Exhibit 9-1
a Farmer Must Decide Whether to Take Protective

question 11

Essay

Exhibit 9-1
A farmer must decide whether to take protective action to limit damage to his grapefruit crop in the event that the overnight temperature falls to a level well below freezing. If the temperature drops too low he runs the risk of losing his entire crop, valued at $75,000. Based on the National Weather Service, the probability of such a temperature drop is 60%. He can insulate his crop by spraying water on all the trees, which will cost $20,000. This action might succeed in protecting the crop, with the following $$\begin{array} { l l } \text { Probability } & \text { Damage } \\0.30 & \$ 0 \\0.15 & \$ 5,000 \\0.10 & \$ 10,000 \\0.15 & \$ 15,000 \\0.30 & \$ 20,000\end{array}$$
-Refer to Exhibit 9-1.Construct a decision tree to help the farmer make his decision.What should he do
Explain your answer.

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Definitions:

Open Door Policy

A management or governance approach that encourages transparency, communication, and accessibility between different levels of an organization.

Pre-Disaster Functioning

The state of individuals, communities, or systems in terms of their normal operation and health before the occurrence of a disaster.

Providing Validation

The act of acknowledging and accepting another person's feelings, thoughts, or experiences as valid and understandable.

Hostage Situation

A threatening scenario where individuals are held against their will by a captor with demands.