As technology rapidly progresses, the issue with artificial intelligence overwhelms us with many questions. Proponents believe it is the solution to society's most complex challenges but critics argue that it threatens to fundamentally alter the human way of life in such a way that poses an "existential threat" to mankind. In the TED Talk, Sam Harris does bring up the potential danger of AI acting independently of our control and may acquire the ability to refine themselves. To deal with this situation is tricky because there is always the doubts of the unknown and the fear to conquer them. In my personal opinion, there is no definite possibility or impossibility. AI could have the tendency to overpower the human race. For a fact, they are the manifestation of society's intelligence and innovation. In the essence, what is the nature of humanity versus the nature of AI? In many ways, we as humans are superior to artificial machinery. For example, we have the ability to learn from past experiences, adapt to new circumstances and change our own environments based on our accumulated knowledge. AI, on the other hand, is simply a tool of study and design that produces actions to maximize our success. In the essence, AI is being programmed to mimic human behavior while human intelligence is the real creator of artificial intelligence.   

It is true that in some aspects AI can outsmart human intelligence but our fear of the unknown should not be an excuse to prevent the next wave of technological and human progression. In the similar way that we utilize eco-friendly resources for the benefit of the society, we can manage to employ the adequate precautions and regulations necessary to create human- friendly AI that could be developed to serve humans rather than threaten them. In the bottom line, we need to be careful about the decisions we make and prepare for the consequences of our own actions. Always be better safe than sorry.

1. It has been suggested that global warming may increase the frequency of hurricanes. The table given below shows the number of major Atlantic hurricanes recorded annually before and after 1990.

Does this data is sufficient enough to claim that the number of annual hurricanes increased since 1995? Do the test at 8% significance level. To do the test, answer the following: a. Write down the null and alternative hypotheses. b. Get the excel output and answer the following: i. Fill the cell with the p-value of the test with green color ii. Fill the cell with the test statistic of the test with yellow color

The information below will be needed to answer all questions.

A sample on nine public universities and nine private universities was taken. The total cost for the year (including room and board) and median SAT score (maximum total is 2400) at each school were recorded. It was felt that schools with higher median SAT scores would have a better reputation and would charge more tuition as a result of that. The data is in the table below. Uss regression to help answer the following questions based on this sample data. Do schools with higher SAT scores charge more in tuition and fees? Are private schools more expensive than public school when SAT scores are taken into consideration.

Category              Total cost                             Median SAT

Public                   21,700                                  1990

Public                   15,600                                   1620

Public                   16,900                                   1810

Public                    15,400                                  1540

Public                    23,100                                   1540

Public                     21,400                                  1600

Public                     16,500                                   1560

Public                     23,500                                   1890

Public                     20,200                                    1620

Private                    30,400                                     1630

Private                    41,500                                    1840

Private                    36,100                                     1980

Private                    42,100                                     1930

Private                     27,100                                    2130

Private                     34,800                                    2010

Private                     32,100                                    1590

Private                     31,800                                    1720

Private                      32,100                                    1770

PLEASE READ: PLEASE SHOW STOP BY STEP HOW YOU GOT THE ANSWER AND PLEASE SHOW HOW TO DO IT STEP BY STEP ON EXCEL. (answer will be thumbed down if this isn't included)

Quintiles Transnational: Dennis Gillings founded Quntiles Transnational in 1982 when he realized that drug companies were great at inventing new medicines but not particularly good at analyzing the vast amounts of data that came out of clinical trials. He thought drug testing should be broken down into a series of standardized steps and he signed up a network of doctors interesting in enrolling patients in clinical trials. In the ten years leading up to 2010, Quintiles had conducted 4,700 trials on 2.7 million patients.

Quintiles also established a large contract sales organization (CSO) to support its pharmaceutical company clients. Large pharmaceutical companies, faced with cost pressures as well as the costs of maintaining their own sales forces, have increasingly turned to CSOs like the Innovex division of Quintiles, PDI Inc., or inVentive Health to provide variable cost “flex reps” as an alternative to adding the fixed cost they would incur if they added to their own sales forces. CSOs are widely used in therapeutic areas that require somewhat less scientific knowledge, like respiratory, dermatology, and lifestyle. The growth rate in contract sales and marketing was projected at 35% to 2015.

Question: Assume you are the CEO of a pharmaceutical company. Do you think you might use the CSO capabilities of Quintiles? Why or why not? 200 words or more

2. Other than the four sectors in a closed society, what is the fifth sector for an open society?

3. A typical security in the money market is a. corporate stock b. corporate bond c. corporate commercial paper d. corporate mortgage

4. Explain who loses when the dollar strengthens:

5. Provide a general historic description of the predominant source and use of funds for thrifts.

6. Provide a general historic description of the predominant source and use of funds for pension plans.

7. Explain why/how contributions to mutual funds are often considered riskier than contributions to pension funds.

8. How do the customers of a finance company differ from the customers of banks generally?

Which accounts are closed at the end of an accounting period?

Select one:

a. Neither Interest Expense nor Paid-in-Capital from Stock Warrants

b. Both Interest Expense and Paid-in-Capital from Stock Warrants

c. Interest Expense, but not Paid-in-Capital from Stock Warrants

d. Paid-in-Capital from Stock Warrants, but not Interest Expense

An Economic Model of National Income in a Closed Private Economy in the Short Run

(We are assuming for this model that there is no trade, no government, and no business saving.)

C = 280 + 0.80*Y        Consumption Function [$Billion/year]

I = 620                         Planned Investment (Purchase of new capital goods and services) [$Billion/year]

Y                                 National Income [$Billion/year]

Part 1. What is the aggregate expenditure function in this model?

Part 2. Suppose firms expect to sell, and produce, 4725 $B worth of goods and services. There would be an unplanned change to inventories. What is the size of this unplanned change and how would you predict that firms would respond to this unplanned change in inventories?

Part 3. What are the equilibrium levels of GDP, Consumption, and Savings in this model?

Part 4. Find the value of the expenditure multiplier in this economy.

Part 5. If investment increases from 620 to 660, find the new equilibrium level of GDP.

Consider a closed economy described by the following:

Y = 2,000

G = 700

T = 500

C = 100 + 0.6(Y – T)

I = 750 – 50r

a.       Find consumption.

b.       Find the equilibrium interest rate.

c. Find investment.

d. Find private saving, public saving, and national saving.

Suppose in a closed economy, the government lowers taxes by 100 billion. If the marginal propensity to consume is 0.8 and the government purchases remain unchanged, what happens to the following? That is, do they rise or fall? By how much?

a.       Public saving.

b.       Disposable income.

c.       Household consumption.

d.       Private saving.

e.       National saving.

f.        Investment.