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Draw a decision tree for the Ibanez case. Be sure to carefully label the nodes, branches of the tree and provide the value at each node.

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Data Mining for Business Decisions (BSAN 54000-02) Spring 2023 Midterm Exam
PAGE 3 OF 4
with his dilemma.
Discussion Questions
a.) Draw a decision tree for the Ibanez case. Be sure to carefully label the nodes, branches of
the tree and provide the value at each node.
b.) 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?( 5 points)
c.) Is it a good idea for Mike to protect his crop? Why? What is the maximum that Mike should
pay for the protection (5 points)

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