Concept explainers
a
To find:The metric that gives ratio lower than
a
Answer to Problem 29PFA
Only option
Explanation of Solution
Given Information:An excel sheet containing concerned data and four options.
Calculation:
Total monthly debt is synonymous to total monthly expenses in the given case,
Thus, only option
b
To make:A conjecture regarding institution’s decisionregarding not using a metric.
b
Answer to Problem 29PFA
Other ratios related to debt and rent etc. can give a simple understanding of eligibility of the candidate to receive loan.
Explanation of Solution
Given Information:Metric is
Institution could have taken this decision because out of all metrics discussed in previous part, this one is the odd as it gave the largest value
c
To find:The absence of debt affects the decision of lending institution to approve loan.
c
Answer to Problem 29PFA
All the ratios will go down to
Explanation of Solution
Given Information:The candidate Viola has no monthly debt.
As the candidate doesn’t have any outstanding debt, all the ratios will go down to
Chapter 1 Solutions
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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