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Midterm Exam 2 – Open Book Section – Part 2 Instructions Save the .ipynb file in your working directory – the same directory where you will download the data files into. Read the question and create the code necessary within the code chunk section immediately below each question. Type your answer to the questions in the text block provided immediately after the response prompt. Once you’ve finished answering all questions, submit the file as a HTML on Canvas.  Ready? Let’s begin… Data Sets For Questions 1-5: Use the dataset “fraud_detection”. For Question 6: Use the dataset “poisson_data”.  The files of the two datasets are provided below: fraud_detection.csv poisson_data.csv Jupyter Notebook Python starter template: Spring2025_Midterm2_Python_Starter_Template.ipynb Jupyter Notebook R starter template: Spring2025_Midterm2_R_Starter_Template.ipynb

In the paintings of Barnett Newman, describe the monochromatic color fields. How do they relate to other artworks we’ve seen thus far? Use formal analysis to explain your answer. 

Give a brief historical background of the painting Mona Lisa, and state your opinion of that curious smile. Why is this painting important in history?

In the Last Supper, at what point did Leonardo choose to paint this dramatic event? Describe how Leonardo captured the emotions and passionate responses of the twelve apostles. Identify and explain some of the most important symbols in the work to help understand its meaning.

(1)(2)(3)(4)(5)QdQdPriceQsQs5040$1070806050960708060850609070740501008063040 Refer to the above table. If demand is represented by columns (3) and (2) and supply is represented by columns (3) and (5), equilibrium price and quantity will be:

Refer to the above diagram. A shortage of 160 units would be encountered if price was:

TFC=Total Fixed CostQ=Quantity of OutputMC=Marginal Costp=Product PriceTVC=Total Variable Cost Refer to the above information. Marginal cost is:

Which would not be characteristic of a capitalist economy?

If X is a normal good, a rise in money income will shift the:

Label the diagram using exact terminology (no abbreviations, do not add extra spacing, must be spelled correctly). 4. _______