Easyville University awarded scholarships of $50,000.00 each to two students for a bachelor’s degree program. The standard time for degree completion is four years or 8 semesters. Easyville University stipulates that the scholarship amount will be increased or decreased depending on how well the students meet, exceed or fail to meet the standard time (i.e. more money for exceeding standard and less for failing to meet standard).Sam Speedy completed his degree program in three and one half years; whileLarry Laggard completed his degree program in five years.Using the Standard Hour Plan, how much scholarship money will be given to: a)Speedy Sam? b) Larry Laggard?

Given - Scholarships amount=$50,000 Degree completion period = 4 years = 8 semesters (1 year = 2…

Answered: Easyville University awarded…

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Author:WINSTON, Wayne L.

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Chapter2: Introduction To Spreadsheet Modeling

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Easyville University awarded scholarships of $50,000.00 each to two students for a bachelor’s degree program. The standard time for degree completion is four years or 8 semesters. Easyville University stipulates that the scholarship amount will be increased or decreased depending on how well the students meet, exceed or fail to meet the standard time (i.e. more money for exceeding standard and less for failing to meet standard).

Sam Speedy completed his degree program in three and one half years; while

Larry Laggard completed his degree program in five years.

Using the Standard Hour Plan, how much scholarship money will be given to:

a)Speedy Sam? b) Larry Laggard?

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