In the world where you studied for 0 hours and got $45k in merit-based scholarships, what was your hourly return to studying?
I realize the test prep helps some people tremendously, but I think the ACT at least does a decent job of testing what you actually know (or at least how good you are at taking tests) than how well you prepared.
But I also took the SAT 2 subject area tests which I felt were much more accurate assessments of my abilities where I scored 670 in writing and 680 in math without studying at all and only one exposure to the test.
I never really cared about those scores so much, but it definitely makes me question the value of the SAT for much of anything.
[To answer what I think is an obvious question, I doubt the overall utility of my hundred hours spent studying. However, it wasn't like CWRU was going to give me the same scholarship for having done something more useful instead.]