1 00:00:00,236 --> 00:00:11,370 In the last video we began to visually explore the relationship between the number of sessions I attend and my monthly cost given the different plans. 2 00:00:11,370 --> 00:00:24,571 So right here, in this blue line we visualized it for the trial plan, and then this orange dotted line we visualized it for the basic plan. 3 00:00:24,571 --> 00:00:30,861 And it meets where it intuitively, hopefully represents what we already understood about the different plans. 4 00:00:30,861 --> 00:00:39,858 The trial plan, we don't pay anything upfront and every time we add a session, so every time we move to the right here we move to the right one session. 5 00:00:39,858 --> 00:00:44,375 We add twelve dollars to out cost, we move up by twelve. 6 00:00:44,375 --> 00:00:49,635 Add another session, move up by 12, add another session move up by 12. 7 00:00:49,635 --> 00:00:53,302 On the basic plan we did have an upfront cost on 20 dollars 8 00:00:53,302 --> 00:00:57,574 but the line was less steep, we had to pay less for each extra session. 9 00:00:57,574 --> 00:01:02,175 Here when we added an extra session we only had to add 8 dollars to our total fees. 10 00:01:02,175 --> 00:01:05,174 Add another session, you only have to add 8 dollars. 11 00:01:05,174 --> 00:01:12,711 So the orange line starts at a higher point but it is less steep, and we see because of that they clearly intersect. 12 00:01:12,711 --> 00:01:17,303 And they intersect right over here. 13 00:01:17,303 --> 00:01:28,595 So my question to you is, "What is the significance of that point of intersection?" 14 00:01:28,595 --> 00:01:30,436 Well lets think about it a little bit. 15 00:01:30,436 --> 00:01:34,509 How much do each of the plans cost if I only attend one session? 16 00:01:34,509 --> 00:01:43,434 So we see here from the trial plan it will cost us 12 dollars while on the basic plan one session will cost us 28 dollars. 17 00:01:43,434 --> 00:01:48,342 And you don't even have to look at these tables we set up. You can see this visually. 18 00:01:48,342 --> 00:01:54,102 So if we go up one session the trial plan is below the basic plan. 19 00:01:54,102 --> 00:01:57,710 If you go up 2 sessions the trial plan is still below the basic plan. 20 00:01:57,710 --> 00:02:01,008 Although they are not as far apart. 21 00:02:01,008 --> 00:02:07,170 Three sessions, still the basic plan is above the trial plan but they are getting closer and closer together. 22 00:02:07,170 --> 00:02:10,345 All the way until you get to this point over here. 23 00:02:10,345 --> 00:02:19,770 This point is essentially the number of sessions, it looks like five sessions, 24 00:02:19,770 --> 00:02:26,930 it looks like the number of sessions regardless of the plan we choose the cost is the same. 25 00:02:26,930 --> 00:02:29,842 It looks like that cost is right around 60 dollars. 26 00:02:29,842 --> 00:02:38,513 Once we go beyond that point, all of a sudden the basic plan becomes cheaper than the trial plan. 27 00:02:38,513 --> 00:02:46,308 It looks like if we were to take 6 sessions the basic plan would give a lower price than the trial plan. 28 00:02:46,308 --> 00:02:51,932 But how do we actually figure out what this point is, and what number of sessions, and what dollar value? 29 00:02:51,932 --> 00:02:56,641 I just eyeballed it right now which is useful with these visual graphs. 30 00:02:56,641 --> 00:03:02,839 But what if we wanted to get the exact value and the value is 5.1 or 60.25 31 00:03:02,839 --> 00:03:06,342 How do we get the exact same value? 32 00:03:06,342 --> 00:03:16,703 Well, one way to think about it is, were trying to find out s, or the number of sessions, so that regardless of which plan we choose we have the exact same cost. 33 00:03:16,703 --> 00:03:26,507 So if we pick the basic plan our cost is going to be 20 dollars plus 8 times s. 34 00:03:26,507 --> 00:03:37,768 And if we pick the trial plan the cost is going to be 12 times s 35 00:03:37,768 --> 00:03:43,508 And were trying to find that unknown s where this value is going to be the same as this value. 36 00:03:43,508 --> 00:03:51,769 where that unknown value of sessions, where regardless of which plan i choose i will pay the same price 37 00:03:51,769 --> 00:03:58,513 so we're curious about the s where 12s is equal to 20 plus 8s. 38 00:03:58,513 --> 00:04:00,429 So we set up this equation. 39 00:04:00,429 --> 00:04:03,976 the equation has one unknown and we should be able to solve this. 40 00:04:03,976 --> 00:04:06,369 So lets think about how we can do it. 41 00:04:06,369 --> 00:04:12,906 What is the first general idea if we want to figure out the unknown s. 42 00:04:12,906 --> 00:04:19,437 There are many ways to approach theses Algebra problems which is what makes them fun 43 00:04:19,437 --> 00:04:24,507 I try to isolate the s on one side of the equation. 44 00:04:24,507 --> 00:04:27,847 For me, i want to isolate it on the right side of the equation. 45 00:04:27,847 --> 00:04:28,900 Since i already has this 12s there and this 20 on the left side. 46 00:04:28,900 --> 00:04:32,100 I could have done other things. 47 00:04:32,100 --> 00:04:37,704 So what is the best way to get rid of this 8s from the left side. 48 00:04:37,704 --> 00:04:42,302 Well the easiest thing i can think of is subtract 8s from lefthand side 49 00:04:42,302 --> 00:04:46,437 But i can't just do that, if I do then this equality won't hold. 50 00:04:46,437 --> 00:04:52,369 These things were equal to each other and if i just subtract from one side then the left side wont be equal to the right side 51 00:04:52,369 --> 00:04:59,755 In order for them to be equal i have to do the same thing on the right side 52 00:04:59,755 --> 00:05:11,678 Once I do that on the left side these two characters negate each other and i am left with 20 on the left side. 53 00:05:11,678 --> 00:05:24,181 And on the right i am left with 12s and take away 8s and i am left with 4s. 54 00:05:24,181 --> 00:05:29,514 So it is equal to 4 times s. 55 00:05:29,514 --> 00:05:34,173 And so now we are pretty close. I just want an s on the right side. 56 00:05:34,173 --> 00:05:40,176 What can I do to this equation, so i can have just an s on the righthand side. 57 00:05:40,176 --> 00:05:46,702 Well the easiest thing to do is divide both sides by 4 58 00:05:46,702 --> 00:05:49,436 I can't do it just to one side. 59 00:05:49,436 --> 00:05:52,834 When i divide both sides by 4, what do i get for s? 60 00:05:52,834 --> 00:05:56,109 Well on the right hand side 4s divided by 4 is just going to be s. 61 00:05:56,109 --> 00:06:08,700 And thats going to be equal to 20 divided by 4 which is 5 62 00:06:08,700 --> 00:06:11,302 So we eyeballed it and it looked like 5 sessions. 63 00:06:11,302 --> 00:06:17,592 Now we know for sure that at 5 sessions the cost of either plan is going to be the same. 64 00:06:17,592 --> 00:06:21,173 But what is the cost of either plan? 65 00:06:21,173 --> 00:06:25,103 Well we should be able to go to either plan because the cost will be the same. 66 00:06:25,103 --> 00:06:31,636 So is we look at out trial plan and we say 5 sessions, how much will that cost? 67 00:06:31,636 --> 00:06:35,263 well the cost is going to be 12 times 5 68 00:06:35,263 --> 00:06:44,640 so the cost is going to be equal to 12,12 times 5 which is going to be 60 dollars 69 00:06:44,640 --> 00:06:47,102 the cost is going to be 60 dollars. 70 00:06:47,102 --> 00:06:53,309 So my question to you is do we even have to try out the 5 in this equation right over here? 71 00:06:53,309 --> 00:06:56,968 See what it would cost under the basic plan. 72 00:06:56,968 --> 00:07:04,929 Well we wouldn't because the whole reason we got 5 sessions is because we said this is the number f sessions where we get the same cost 73 00:07:04,929 --> 00:07:08,342 For the basic plan or the trial plan 74 00:07:08,342 --> 00:07:11,091 but if you're curious i do encourage you to find out. 75 00:07:11,091 --> 00:07:15,375 Substitute a 5 in for s and see that you get 76 00:07:15,375 --> 00:07:21,708 you'll get 20 plus 8 time 5 which is 20 plus 40 which is 60 dollars 77 00:07:21,708 --> 00:07:27,510 So with either plan at 5 sessions the total cost is going to be 60 dollars. 78 00:07:27,510 --> 00:07:29,701 Then is you add sessions after that, 79 00:07:29,701 --> 00:07:36,845 Because the trial plan is more steep each incremental session after that is going to cost you more. 80 00:07:36,845 --> 00:07:40,838 You start to see that the trial plan begins to get more and more expensive. 81 00:07:40,838 --> 00:07:44,503 So going back to my question of which gym membership i'm going to use. 82 00:07:44,503 --> 00:07:46,339 All of a sudden i have an interesting answer 83 00:07:46,339 --> 00:07:51,344 If i plan on attending on average less that 5 sessions 84 00:07:51,344 --> 00:07:59,091 it probably make sense, less that 5 sessions a month, it makes sense for me to use the trial plan. 85 00:07:59,091 --> 00:08:05,044 If i plan to attend more that 5 sessions a month the basic plan is going to be cheaper. 86 00:08:05,044 --> 00:08:09,044 If i plan to attend exactly 5 sessions a month it doesn't matter which plan i acutally use