1. There are 5,534 certified hospitals in the United States, and 95 percent have emergency departments.

Assuming the price of the Lucid Robotic System is $50,000 and that hospitals with emergency departments purchase one system each, use the chain ratio method described in Market Potential and Sales Estimates in Appendix 2: Marketing by the Numbers to calculate the market potential for this product.

(AACSB: Analytic Reasoning)