1. The electricity technology (on the roof of all houses) lowers the cost of electricity for each house. Evaluate the statement: each household benefits equally.

2. Justify why the rational expectation of increased future demand in electricity does not cause the above supply and demand curves to change

Do these items represent an application of recombinant DNA technology or could it be used in an application? If so, explain how it is used and describe any ethical issues surrounding the application.

- Crime outline (chalk)
- Blood
- Tires
- Strand of hair
- DNA test for heredity
- DNA test for paternity
- DNA test from a crime
- Ear of Corn
- Insulin
- Flowers
- Fish (alive)
-Vaccines

What are the pros and cons of using technology and quantitative data to trace, monitor, and address human rights violations? Overall, do you think that the pros outweigh the cons or not? Why? Use specific examples from the slides and the book.

Answer this prompt in at least two or three paragraphs, clearly stating your argument and supporting the argument with evidence.

Applehead Technology is a company that purchases a device called the EyePod from a supplier and then sells the devices to retail customers. If the company makes no changes in its operations, the company expects the following for the coming year.

# of units sold                                                              30,000

Price                                                                           $300 per unit

Cost of merchandise                                                 $100 per unit                       

Rent and Salaries for the year                                 $1,300,000

The company is holding a meeting to discuss ways to increase its profit – that is the company’s goal. At that meeting, Maria Garcia, the marketing manager, says “If we make the changes I suggest, I think we can attract more customers and increase our share of the market. Currently, our customers pay for shipping. Market research says customers hate shipping charges, so rather than having customers pay it, we should pay it. Shipping would cost us $3 per unit. Market research also shows that our prices are not competitive. So, we should lower our price to $270. If we take these actions, I estimate we will increase the number of units sold to 32,000.”

1. On the spreadsheet provided labeled “For Problem 3a”, prepare the contribution margin income statements to analyze each of the 2 possibilities for the coming year, namely
   1. Applehead makes no changes
   2.    Applehead adopts Garcia’s proposal

Answer the following questions on the separate answer sheet labeled “For Problem 3b, c, d, e”:

2. Mr. Big, the CEO of the company says to Maria “Clearly your suggestion is a good one. Based on your estimates, we will see an additional 2,000 units. Let’ do it!” How would you answer Mr. Big?
3. Assume Maria’s suggestions are NOT implemented. What is the breakeven point for Applehead? (Can be in $ or in units – your choice.) Show all work.
4. Calculate Applehead’s margin of safety. You can measure it in units or dollars or as a % of sales (your choice, but you only need to compute one of those). In making your margin of safety computation, assume Maria’s suggestions are NOT implemented and that the company sells the 30,000 units. Show all work.
5. Explain briefly what margin of safety tells the company – what is the meaning of the number you computed?

Surgical Technology program
Case study: A female patient is brought to the OR for a oophorectomy. The surgeon is planning to use the AESOP robotic system to perform the surgical procedure. The surgical technologist in the first scrub role is responsible for setting up the robotic manipulator before the patient enters the OR.

              Questions
Q1. Describe how the robotic components are cleaned and sterilized. What is the manipulator?
Q2. The surgeon will be able to speak commands, and the manipulator will adjust. How is this possible?

Q3. The surgeon requests pitch and then yaw. What is he asking for?

Q4. During the procedure, endometriosis is noted on the uterus and abdominal wall. The surgeon asks for the laser system. Which one is most likely to be used?

Find the probability and interpret the results. If convenientt, use technology to find the probability. The population mean annual salary for environmental compliance specialists is about

$62,500. A random sample of 33 specialists is drawn from this population. What is the probability that the mean salary of the sample is less than $59,500? Assume

σ = $6,000. The probability that the mean salary of the sample is less than $59,500 is

This is the data analysis using technology part of the Midterm. Use Minitab or a graphing calculator to accomplish this assignment. You can copy and paste the data into a Minitab worksheet to run the analysis. If you use a graphing calculator, take a screen shot or a picture of the calculator output.

The table below is a sample data set from 50 people. Carefully read and answer the following questions:

1. (2pts) Make a Normal Probability Plot (Graph-Probability Plot-Single) for Income. Does the distribution of income appear to be Normal?
2. (1pt) Report the separate five number summary of income for each gender (STAT-Basic stat-Descriptive Stat-By (gender).
3. (1pt) Make two parallel boxplots for each gender (Graph-boxplot, choose One Y-with groups, use Income as graphing variable and Gender as grouping variable).
4. (3pts) From the boxplots in #3, compare the shapes, measure of center (name one), and measure of variation (name one) of the distributions of income of males and of females. Are there any outliers?
5. (3pts) Name and make an appropriate graph to determine whether Income and Age have a relationship. What can you say about their relationship from this graph?

The following exercise is designed to be solved using technology such as calculators or computer spreadsheets.

Interest paid on a home mortgage is normally tax deductible. That is, you can subtract the total mortgage interest paid over the year in determining your taxable income. This is one advantage of buying a home. Suppose you take out a 30-year home mortgage for $250,000 at an APR of 8% compounded monthly. The mortgage payments details for the first year are given below.

Suppose that your marginal tax rate is 30%. What is your actual tax savings due to mortgage payments? (Round your answer to the nearest cent.)