1. In the Trade Talks: When is Tariff Revenue Bad Tax Revenue? excerpts we discussed in class, Dr. Lucie Gadenne discussed the differences between rich and poor countries in regard to tariff use and revenue. Explain how the two types of countries differ in their use and reliance on tariffs. Then explain the recommendation they make for poor countries that would like to open up to free trade.

2. In a scenario where producers face concentrated benefits and consumers face dispersed losses, why might government representatives choose a trade policy that harms overall (total) national welfare? Hint: think of our blue jeans example (select one)

A. Differentiate between accrual accounting and cash basis. Based on the type of business and the client’s accounting system, what is the impact when revenue is recognized? Which option would you recommend for the client?

B. Based on the decision of accrual vs. cash basis, describe when revenue would be recognized on the sale of inventory, and how the accrual reporting differs from cash basis.

C. Determine the economic impact on the client’s financial situation. Based on your decision, determine the potential tax liability, keeping in mind appropriate Internal Revenue Code and Treasury regulations.

D. Summarize the cash or accrual accounting method in relation to the selected business entity.

A statistical program is recommended.

A certain company produces and sells frozen pizzas to public schools throughout the eastern United States. Using a very aggressive marketing strategy, they have been able to increase their annual revenue by approximately $10 million over the past 10 years. But increased competition has slowed their growth rate in the past few years. The annual revenue, in millions of dollars, for the previous 10 years is shown.

(b)

Using Minitab or Excel, develop a quadratic trend equation that can be used to forecast revenue (in millions of dollars). (Round your numerical values to three decimal places.)

T_t =

(c)

Using the trend equation developed in part (b), forecast revenue (in millions of dollars) in year 11. (Round your answer to two decimal places.)

$  million

Chapter 9 question 2

1. In the study described in Problem 1, data are also available reflecting whether or not the child’s father has ADHD. The relationship between the father’s diagnosis, the child’s exposure to lead paint, and the child’s diagnosis are shown in Table 9–27.

1. Estimate the relative risks and odds ratios for a child’s diagnosis of ADHD relative to exposure to lead paint, stratified by the father’s diagnosis of ADHD (i.e., for fathers with and without the diagnosis).

2. How do the results in Part (a) of this problem compare to the results in Problem 1.

Please note" there seem to be conflicting results when redone to resolve for Chapter 9 question 2 between the results done for chapter 9 question 1 .  

Chapter 9 question 2

1. In the study described in Problem 1, data are also available reflecting whether or not the child’s father has ADHD. The relationship between the father’s diagnosis, the child’s exposure to lead paint, and the child’s diagnosis are shown in Table 9–27.

1. Estimate the relative risks and odds ratios for a child’s diagnosis of ADHD relative to exposure to lead paint, stratified by the father’s diagnosis of ADHD (i.e., for fathers with and without the diagnosis).

2. How do the results in Part (a) of this problem compare to the results in Problem 1.

Please note" there seem to be conflicting results when redone to resolve for Chapter 9 question 2 between the results done for chapter 9 question 1 .  

QUESTION 3

1. A research firm is conducting a study to determine if there is a relationship between an individual’s age and the individual’s preferred source of news. The research firm asked 1,000 individuals to list their preferred source for news: newspaper, radio and television, or the Internet. The following results were obtained:

   Individual News Preference

   Preferred News Source	Age of Respondent
   	20-30	31-40	41-50	Over 50
   Newspaper	19	62	95	147
   Radio/TV	27	125	168	88
   Internet	104	113	37	15

   At the 0.01 level of significance, can the research firm conclude that there is a relationship between the age of the individual and the individual’s preferred source of news.

Consider the following discrete probability distribution.

a. Is this a valid probability distribution?

• Yes, because the probabilities add up to 1.

• No, because the gaps between x values vary.

b. What is the probability that the random variable X is less than 36? (Round your answer to 2 decimal places.)

c. What is the probability that the random variable X is between 12 and 27? (Round your answer to 2 decimal places.)

d. What is the probability that the random variable X is greater than 20? (Round your answer to 2 decimal places.)

A sociologist is studying the age of the population in Blue Valley. Ten years ago, the population was such that 20% were under 20 years old, 13% were in the 20- to 35-year-old bracket, 31% were between 36 and 50, 24%were between 51 and 65, and 12% were over 65. A study done this year used a random sample of 210 residents. This sample is given below. At the 0.01 level of significance, has the age distribution of the population of Blue Valley changed?

Find the sample test statistic.

A researcher intended to investigate the potential association between Age Group and Smoking Status. He collected data from 575 participants. The data was summarized in Table 2. Was the data in support of a statistically significant association between Age Group and Smoking Status? The significance level was 0.05. How do you determine the expected levels in the chi test?

Table . Age Group and Smoking Status

Randy Thiessen is a 74-year-old resident in Shady Pines Long-Term Care Facility. Randy has a hx of BPH and frequent episodes of urinary retention. In the past, his physician has recommended intermittent catheterization, but due to the increasing number of episodes with little time in between, the physician has ordered an indwelling foley catheter.

Randy has a hx of rheumatoid arthritis and is now quite dependent on others for his personal care.

For this case scenario, add data to support the need for an indwelling foley catheter.

The charting due for this case scenario is your nursing notes recording your assessments, the insertion of the catheter, and a follow up assessment 2 hours after insertion. There are no orders for intake and output.

You are working an 8-hour day shift. The order for the catheter was received at 1100.