Evaluate whether a prepaid or monthly cell phone plan is most effective for a customer that uses x weekday minutes per month. I can make up my own numbers for each plan. Having problems making up the equations.
Post the numbers you have made up for the plans and you'll have concrete data to work with.
To evaluate whether a prepaid or monthly cell phone plan is most effective for a customer that uses x weekday minutes per month, you can create equations for both plans and compare the costs.
Let's assume the following:
Prepaid Plan:
- Cost per minute: $0.10
- Monthly fee: $15
- Included weekday minutes: 300
Monthly Plan:
- Cost per minute: $0.05
- Monthly fee: $30
- No included weekday minutes
To determine the most effective plan, we need to compare their costs based on the number of weekday minutes used.
For the prepaid plan:
- If the customer uses less than or equal to 300 minutes, the cost would be the monthly fee of $15.
- If the customer uses more than 300 minutes, each additional minute would cost $0.10.
So, for the prepaid plan, the equation would be:
Cost = $15 + ($0.10 * (x - 300))
For the monthly plan, the equation would be:
Cost = $30 + ($0.05 * x)
To evaluate which plan is more effective, you can compare the costs of the two plans given a specific value for x. The plan with the lower cost is more effective for that specific usage of weekday minutes.
For example, let's say x = 500 weekday minutes:
- Prepaid plan cost = $15 + ($0.10 * (500 - 300)) = $35
- Monthly plan cost = $30 + ($0.05 * 500) = $55
Based on this comparison, the prepaid plan would be more effective for a customer using 500 weekday minutes.