2. Match each equation with each situation, then solve each one and state the answer. Equations:
0.9x - 10 - 116
14x + 3x + 150 = 1102
1500 - 120x=660
Situations:
(A) You deposit money in the bank. You withdraw the same amount every month, ending with a certain
amount.
(B) A store is having a sale on car stereos. First a certain percentage is taken off the price, and then the
price is reduced by a fixed number of dollars, resulting in a purchase price.
PIC
(C) Your family is installing carpet on a fixed budget. The costs include the cost of the carpet per square
yard, the cost of the padding per square yard, plus a fixed installation fee.

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?