1 00:00:00,754 --> 00:00:02,903 I'm in the mood to improve my flexibility 2 00:00:02,903 --> 00:00:06,433 a little bit so I decide to take some Yoga classes 3 00:00:06,433 --> 00:00:10,172 so I show up at the local yoga place called Super Yoga 4 00:00:10,172 --> 00:00:12,701 and ask them, "how much does it cost?" 5 00:00:12,701 --> 00:00:15,737 And they say, "we've got a basic plan" 6 00:00:15,737 --> 00:00:17,675 "and we've got a trial plan." 7 00:00:17,675 --> 00:00:19,368 The trial plan, if you just want to try things out, 8 00:00:19,368 --> 00:00:21,231 you can come to any of the sessions 9 00:00:21,231 --> 00:00:24,822 and it's going to cost you $12 per 1hr session. 10 00:00:24,822 --> 00:00:27,035 but if you like what you're doing here 11 00:00:27,035 --> 00:00:29,075 you might want to get a monthly membership 12 00:00:29,075 --> 00:00:30,362 That'll be $20/month, 13 00:00:30,362 --> 00:00:32,452 that you can view that as the basic plan 14 00:00:32,452 --> 00:00:35,420 It's $20/month and then you get a discount per session 15 00:00:35,420 --> 00:00:37,569 It'll only be $8 per session 16 00:00:37,569 --> 00:00:41,590 So this seems interesting, but I'm a little bit confused. 17 00:00:41,590 --> 00:00:44,084 Which plan should I take? 18 00:00:44,084 --> 00:00:47,570 So the first place, I might start is to think about 19 00:00:47,570 --> 00:00:48,956 how much I would pay 20 00:00:48,956 --> 00:00:52,390 depending on how many sessions I actually take 21 00:00:52,420 --> 00:00:54,101 And to do a little short hand here 22 00:00:54,101 --> 00:00:56,282 let's just define some variables 23 00:00:56,282 --> 00:01:01,763 Let's say that S = "Number of Sessions" I attend per month 24 00:01:01,763 --> 00:01:07,741 Number of sessions per month that I attend 25 00:01:07,741 --> 00:01:09,941 I decided to attend at Super Yoga 26 00:01:09,941 --> 00:01:15,155 And let's say that C = "Total Monthly Cost" 27 00:01:15,616 --> 00:01:18,549 My Total Monthly Cost 28 00:01:18,933 --> 00:01:20,941 So with these variables defined this way, 29 00:01:20,941 --> 00:01:22,849 let's think about how much I would pay 30 00:01:22,849 --> 00:01:24,141 under each of these plans 31 00:01:24,141 --> 00:01:26,527 depending on how many sessions I would attend 32 00:01:26,527 --> 00:01:29,605 So first, let's think about the, we'll start with the Trial Plan 33 00:01:29,605 --> 00:01:31,147 cause that seems a little simplier 34 00:01:31,147 --> 00:01:32,755 and I'll draw a little column here 35 00:01:32,755 --> 00:01:38,768 I have a cost, actually, let me see, I'll draw my number of sessions 36 00:01:39,807 --> 00:01:44,243 Number of sessions and then I have my cost 37 00:01:44,243 --> 00:01:47,135 and then I'm going to draw a little table here 38 00:01:47,135 --> 00:01:50,048 A little table, that'll be for my trial plan 39 00:01:50,048 --> 00:01:51,570 and then let's also do the same thing, 40 00:01:51,570 --> 00:01:53,093 since we're doing it for the trial plan 41 00:01:53,093 --> 00:01:55,507 let's do it for the basic plan so that we can compare 42 00:01:55,845 --> 00:01:57,884 Let's do it for the basic plan 43 00:01:57,884 --> 00:01:59,923 so I have the Number of sessions I attend 44 00:01:59,923 --> 00:02:03,768 and my Total Cost 45 00:02:04,521 --> 00:02:08,887 So let's first think about, if I decide to attend no sessions 46 00:02:08,887 --> 00:02:12,744 So if I decided to attend no sessions 47 00:02:12,744 --> 00:02:15,567 under my trial plan, what will be my cost? 48 00:02:16,905 --> 00:02:20,833 Well, $12 per session, 12 x no sessions 49 00:02:20,833 --> 00:02:22,369 Well, I'm not going to have to pay anything 50 00:02:22,369 --> 00:02:25,898 My cost is going to be zero 51 00:02:25,898 --> 00:02:28,036 Now what about that same question 52 00:02:28,036 --> 00:02:29,091 under the basic plan 53 00:02:29,091 --> 00:02:33,102 If I have the basic plan, but in a given month 54 00:02:33,102 --> 00:02:35,485 I attend no sessions, 55 00:02:35,485 --> 00:02:38,036 I don't go to the gym, I don't go to this yoga gym at all 56 00:02:38,036 --> 00:02:40,100 How much am I going to have to pay? 57 00:02:40,946 --> 00:02:42,615 Well, it's $8 per sessions 58 00:02:42,615 --> 00:02:44,230 I didn't have to go to any sessions 59 00:02:44,230 --> 00:02:45,562 So I'm not going to have to pay anything 60 00:02:45,562 --> 00:02:46,894 on a per session basis 61 00:02:46,894 --> 00:02:49,418 but I will have to pay that $20/month 62 00:02:49,418 --> 00:02:53,239 So I will have to pay $20 63 00:02:53,239 --> 00:02:55,076 even though I didn't even attend 64 00:02:55,691 --> 00:02:57,923 That doesn't seem so good in that scenario 65 00:02:57,923 --> 00:03:00,365 But let's keep working through other scenarios 66 00:03:00,365 --> 00:03:04,286 Let's think about the scenario where I attend 1 session 67 00:03:05,024 --> 00:03:07,249 Where I attend 1 session 68 00:03:07,249 --> 00:03:11,011 Under the trial plan, how much will I have to pay? 69 00:03:11,380 --> 00:03:15,741 Well, it's $12/session x 1 session 70 00:03:15,741 --> 00:03:21,561 I'm going to pay $12 71 00:03:21,637 --> 00:03:24,476 Let's think about that same scenario under the basic plan 72 00:03:24,476 --> 00:03:27,011 Under the basic plan, if I attend 1 session 73 00:03:27,011 --> 00:03:32,070 Well, it's $8/session x 1 session 74 00:03:32,070 --> 00:03:33,173 $8 for that 75 00:03:33,173 --> 00:03:35,257 Plus just the basic monthly 76 00:03:35,257 --> 00:03:37,967 So I'm just going to have to pay $20 + ($8 x 1) 77 00:03:37,967 --> 00:03:39,209 So $28. 78 00:03:39,209 --> 00:03:43,981 I'm going to have to pay $28 79 00:03:43,981 --> 00:03:46,703 So still that trial plan still looks pretty good 80 00:03:46,703 --> 00:03:49,392 even if I attend 1 session 81 00:03:49,392 --> 00:03:50,303 Let me make it clear 82 00:03:50,303 --> 00:03:51,303 That's in dollars 83 00:03:51,303 --> 00:03:53,506 and that over here is $28 84 00:03:53,506 --> 00:03:54,560 and I could keep going 85 00:03:54,560 --> 00:03:55,615 and I encourage you to keep going 86 00:03:55,615 --> 00:03:56,902 but let's try 1 more 87 00:03:56,902 --> 00:03:59,433 just to see how, just to get a feel for the numbers here 88 00:03:59,433 --> 00:04:02,989 If I attend 2 sessions under the trial plan 89 00:04:02,989 --> 00:04:05,589 How much am I going to pay? 90 00:04:05,589 --> 00:04:08,368 Well, it's $12/session x 2 sessions 91 00:04:08,368 --> 00:04:13,595 i'm going to pay $24 92 00:04:14,588 --> 00:04:16,289 Let's think about the basic plan 93 00:04:16,289 --> 00:04:17,969 if I attend 2 sessions 94 00:04:17,969 --> 00:04:20,800 -- let me do that in a yellow colour -- 95 00:04:20,800 --> 00:04:22,911 if I attend 2 sessions 96 00:04:23,096 --> 00:04:27,205 2 x $8/session, that's going to $16 97 00:04:27,205 --> 00:04:30,152 plus the $20 I'm going to have to spend every month 98 00:04:30,152 --> 00:04:35,415 So it's going to 2 x $8 99 00:04:35,815 --> 00:04:38,679 + $20 100 00:04:38,679 --> 00:04:41,389 = $16 + $20 101 00:04:41,389 --> 00:04:44,100 = $36 102 00:04:44,100 --> 00:04:46,507 So at least for the scenarios that we set up here 103 00:04:46,507 --> 00:04:49,151 if I attend 0 or 1 or 2 sessions 104 00:04:49,151 --> 00:04:51,552 the trial plan seems to be winning out 105 00:04:51,552 --> 00:04:52,777 but I want to explore at what point 106 00:04:52,777 --> 00:04:56,161 does the trial plan actually become a little bit worse 107 00:04:56,161 --> 00:04:57,278 But before we do that 108 00:04:57,278 --> 00:04:59,893 let's think about if we can represent this 109 00:04:59,893 --> 00:05:00,970 this a little algebraically 110 00:05:00,970 --> 00:05:03,173 because it's going to allow us to be a little bit more precise 111 00:05:03,173 --> 00:05:06,036 with coming up with our answers 112 00:05:06,036 --> 00:05:09,168 So if we say that, S is the "Number of Sessions per Month" 113 00:05:09,168 --> 00:05:11,257 and C is the "Monthly Cost" 114 00:05:11,257 --> 00:05:15,303 How can we express the trial plan as an equation? 115 00:05:16,810 --> 00:05:19,092 Well, we could say our Total Cost 116 00:05:19,092 --> 00:05:20,911 our Total Monthly Cost 117 00:05:20,911 --> 00:05:22,694 so this is for our trial plan right over here 118 00:05:22,694 --> 00:05:24,278 let me draw a dotted line over here to show 119 00:05:24,278 --> 00:05:25,968 well, the dotted line goes around there 120 00:05:25,968 --> 00:05:29,814 so under the trial plan our total cost is going to be equal to 121 00:05:29,814 --> 00:05:37,559 well, it's $12/session x # of sessions 122 00:05:37,559 --> 00:05:41,864 times S 123 00:05:41,864 --> 00:05:46,159 So under the trial plan I could say my total cost is equal to 124 00:05:46,159 --> 00:05:48,902 $12 x # of Sessions 125 00:05:48,902 --> 00:05:52,101 $12/session x the Number of Sessions 126 00:05:52,101 --> 00:05:53,948 Let's so the same thing with the basic plan 127 00:05:53,948 --> 00:05:56,748 How can we express that as an equation? 128 00:05:58,701 --> 00:06:00,752 Well, we have our total cost 129 00:06:00,752 --> 00:06:03,166 our total cost is going to be equal to 130 00:06:03,166 --> 00:06:05,507 well, regardless of what we do 131 00:06:05,507 --> 00:06:07,676 any given month, we're going to have to pay 132 00:06:07,676 --> 00:06:09,633 the $20/month 133 00:06:09,633 --> 00:06:11,368 we're going to have to pay that 20 134 00:06:11,368 --> 00:06:12,270 So no matter what we do, 135 00:06:12,270 --> 00:06:13,172 we're going to have to pay that 20 136 00:06:13,172 --> 00:06:14,488 just from the get-go 137 00:06:14,488 --> 00:06:17,923 and then we're going to pay $8/session 138 00:06:17,923 --> 00:06:34,005 so it's going to be $20 + ($8 x # of Sessions) 139 00:06:34,005 --> 00:06:35,793 so that's interesting and you can see 140 00:06:35,793 --> 00:06:38,430 if you put S is 0 here, 141 00:06:38,430 --> 00:06:39,580 if you make S = 0 142 00:06:39,626 --> 00:06:42,300 you get 20 + (8 x 0) which is 20 143 00:06:42,300 --> 00:06:46,547 if you say S is 1, you get 20 + (8 x 1) 144 00:06:46,547 --> 00:06:47,492 which is 28 145 00:06:47,492 --> 00:06:49,967 so you see that each of these S's and C's 146 00:06:49,967 --> 00:06:52,369 they satisfy this equation 147 00:06:52,369 --> 00:06:53,786 Same thing over here 148 00:06:53,786 --> 00:06:55,204 and we can keep trying more and more 149 00:06:55,204 --> 00:06:56,832 What's neat about these equations is 150 00:06:56,832 --> 00:06:59,100 just this equation encapsulates 151 00:06:59,100 --> 00:07:01,369 all of the possible combinations here 152 00:07:01,369 --> 00:07:03,594 and just this equation encapsulates 153 00:07:03,594 --> 00:07:08,623 all the possible combinations there 154 00:07:08,623 --> 00:07:10,189 and so for the next few videos, 155 00:07:10,189 --> 00:07:11,483 what I want to do is explore 156 00:07:11,483 --> 00:07:13,444 How can we use these equations 157 00:07:13,444 --> 00:07:15,405 to come up with more insights as to 158 00:07:15,405 --> 00:07:18,533 which plan is better for me