THOR is trying to buy a car. The car costs $65,000. He has $16,000 saved up for his down payment.
a) How much money does he need to borrow from VW Finance if he down pays all
of his $16,000?
- remember that it doesn't matter what the cost of the car is, it matters how much he borro
b) VW Finance gives him an offer of 4.99% financing for 5 years. What will be his monthly
payment for his new car?
- when using the monthly payment formula, remember which THREE parts you
need to calculate
how many decimal places for each part?
- you need to be very accurate with your calculations!!!

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?