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 decision regarding 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
Algebra 1, Homework Practice Workbook (MERRILL ALGEBRA 1)
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