Problem 26
Question
All cell phone plans are not created equal. The number of minutes and the monthly charges can vary greatly. The table shows four plans presented by four different cell phone providers. $$\begin{array}{|l|cccc|} \hline \text { Cames } & \text { Alciu } & \text { Sumple } & \text { UMGSTIO } & \text { VILERIN } \\ \hline \text { Plan name } & \begin{array}{c} \text { Nation } \\ 450 \end{array} & \begin{array}{c} \text { Sprint } \\ \text { Basic } \end{array} & \begin{array}{c} \text { Individual } \\ \text { Value } \end{array} & \begin{array}{c} \text { Nationwide } \\ \text { Basic } \end{array} \\ \hline \begin{array}{l} \text { Monthly } \\ \text { minutes } \end{array} & 450 & 200 & 600 & 450 \\ \hline \begin{array}{l} \text { Monthly } \\ \text { cost } \end{array} & \$ 39.99 & \$ 29.99 & \$ 39.99 & \$ 39.99 \\ \hline \begin{array}{l} \text { Plan cost } \\ \text { per minute } \end{array} & & & & \\ \hline \end{array}$$ Find the cost per minute for each plan. Based on your results, which plan should you go with?
Step-by-Step Solution
VerifiedKey Concepts
Cell Phone Plan Comparison
When comparing cell phone plans, it's crucial to calculate how much you are paying for each minute of talk time. This gives a clear picture of which plan provides the best value. Some plans might offer many extras like text or data but might charge more for simple call durations.
- The Alciu plan offers 450 minutes at a cost of $39.99.
- The Sumple plan includes 200 minutes for $29.99.
- The UMGSTIO plan gives 600 minutes with the same $39.99 cost as Alciu and VILERIN.
- Similarly, VILERIN also offers 450 minutes at the same $39.99 price.
Formulas in Math
The formula to find out the cost per minute is:
\[ \text{Plan cost per minute} = \frac{\text{Monthly cost}}{\text{Monthly minutes}} \]
This formula is easy to use; just input the total monthly cost and the number of minutes included in the plan. The outcome is the cost you incur for each minute of usage.
Using this mathematical formula, you can efficiently determine which plan offers the best value for the money. It transforms a decision that might feel overwhelming due to different variables into a simple calculation.
Problem-Solving Steps
- Understand the Problem: First, gather information about each plan, including the monthly minutes and costs.
- Use the Formula: Employ the cost per minute formula to standardize the information across plans. This changes complex information into clear data.
- Calculate for Each Plan: Plug the respective values into the formula for each plan. This gives a cost per minute for each option.
- Compare Results: With the cost per minute of each plan known, you can decide which is most cost-effective. Here, the UMGSTIO plan was found to be the cheapest.