The county fair charges $1.25 per ticket for the rides. jermaine bought 25 tickets for the rides and spent a total of $43.75 at the fair. jermaine spent his money only on ride tickets and fair admission. the price of the fair admission is the same for everyone. use y to represent the total cost and x to represent the number of ride tickets. (a) define your variables. (b) write a linear equation that can be used to determine the cost for anyone who only pays for ride tickets and fair admission. (c) explain your answer to part 1b.

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?