Qlt1 Task 5

Qlt1 Task 5

QLT1 Task 5

A. Create a story problem using one of the above real-world scenarios as a basis, including realistic numeric values, by doing the following:
  1. Describe the real-world problem.

I was looking into phone plans and stumbled upon T-Mobile, and I decided that I needed a cell-phone and took a look at the plans. T-mobile had one plan that was 50 dollars a month and is unlimited talk, text and web, T-Mobile also has a plan for 30 dollars a month for 1,500 talk and text minutes. After you go through your allotted 1,500 talk and text time was up, the cost skyrockets up to 10 cents a minute. 10 cents a minute comes out to 6.00 per hour, I thought in my head. I decided that instead of jumping into a decision about phone plans, that I should first go home and do the math. I wanted to figure out which plan was going to be the most cost effective, and which plan would suite my needs the best.

2. Explain all needs (e.g., financial, non-financial, situational) of the hypothetical consumer.
The needs include many different factors:
    • The first and most important factor how much do you use your phone? The breaking point on the problem today is 200 talk or text above the 1500 minute plan and I will be paying less up front but more on the back end which is no good. If I chose the 1500 minute plan, I will not want to be going over the 1500 minutes as then the cost would go up to 10 cents a minute or 6.00 per hour.
    • Is this replacing a work or office phone?   If I am going to use this phone for several purposes it is more valuable to me and it is easier to justify higher costs.
    • What should I do right now if I am unsure but need a phone? I would say the best starting point unless I use my phone all the time is to try out the 30 dollar a month plan. Saving 20 dollars right off the bat and then closely monitoring your minutes over the next couple of months to see which plan benefits you the most is the most logical approach that I can think of....

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