(04.02) A student's parents offer him one of two options to receive scholarship money for college.
Option A: Deposit $20,000.00 into his savings account and then add an additional $550.00 each day for 30 days
or
Option B: Deposit $1.50 into his savings account and then double that amount each day for only 15 days
When rounded to the nearest cent, how much money is deposited into his savings account on the last day (day 30) for Option A, an
only what is deposited on the last day, which option should he choose? (1 point)
Option A Versus Option B
Option A
Option B
Day Amount Deposited Day Amount Deposited
0 $20,000.00
0 $1.50
1
$20,550.00
1
$3.00
2
$21,100.00
2
$6.00
O A = $36,500.00, B = $24.00; A, because he receives $36,476.00 more
O A = $36,500.00, B = $49,152.00; B, because he receives $12,652.00 more
O A = $45,132.03, B = $191,751.06; B, because he receives $146,619.03 more
O A = 545,132.03, B = $49,152.00; A, because he receives $4,019.97 more

1. the manager of collins import autos believes the number of cars sold in a day (q) depends on two factors: (1) the number of hours the dealership is open (h) and (2) the number of salespersons working that day (s). after collecting data for two months (53 days), the manager estimates the following log-linear model: q 4 equation 1 a. explain, how to transform the log-linear model into linear form that can be estimated using multiple regression analysis. the computer output for the multiple regression analysis is shown below: q4 table b. how do you interpret coefficients b and c? if the dealership increases the number of salespersons by 20%, what will be the percentage increase in daily sales? c. test the overall model for statistical significance at the 5% significance level. d. what percent of the total variation in daily auto sales is explained by this equation? what could you suggest to increase this percentage? e. test the intercept for statistical significance at the 5% level of significance. if h and s both equal 0, are sales expected to be 0? explain why or why not? f. test the estimated coefficient b for statistical significance. if the dealership decreases its hours of operation by 10%, what is the expected impact on daily sales?