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    Quantitative Reasoning Process: Step 1: Identify The Problem

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    Urim Uwana
    Juan wants to buy an engagement ring for Sara but only has $1150 saved, so he is considering borrowing additional money. He has been ring shopping with Sara and knows her preferences. The document outlines the steps Juan should take to make an informed decision on a ring within his budget rather than being swayed by marketing tactics at the store.

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    Quantitative Reasoning Process: Step 1: Identify The Problem

    Uploaded by

    Urim Uwana
    368 views14 pages
    Juan wants to buy an engagement ring for Sara but only has $1150 saved, so he is considering borrowing additional money. He has been ring shopping with Sara and knows her preferences. The document outlines the steps Juan should take to make an informed decision on a ring within his budget rather than being swayed by marketing tactics at the store.

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    math108x_document_w03GroupAssignment

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    Juan wants to buy an engagement ring for Sara but only has $1150 saved, so he is considering borrowing additional money. He has been ring shopping with Sara and knows her preferences. The document outlines the steps Juan should take to make an informed decision on a ring within his budget rather than being swayed by marketing tactics at the store.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    368 views14 pages

    Quantitative Reasoning Process: Step 1: Identify The Problem

    Uploaded by

    Urim Uwana
    Juan wants to buy an engagement ring for Sara but only has $1150 saved, so he is considering borrowing additional money. He has been ring shopping with Sara and knows her preferences. The document outlines the steps Juan should take to make an informed decision on a ring within his budget rather than being swayed by marketing tactics at the store.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 14

    Quantitative Reasoning Process Step 1: Identify the problem

    Juan wants to marry Sara and needs to buy a ring. He ha


    $1150 saved and is willing to borrow money to buy the
    perfect ring. Before looking at any more numbers, what
    you think Juan should do?

    To choose a ring
    Stay in his budget
    dentify the problem

    ds to buy a ring. He has


    ow money to buy the
    more numbers, what do
    Background
    • Juan and Sara are in love.
    • They are planning to become engaged soon.
    • They have spent hours window shopping at
    jewelry stores looking at engagement rings
    together.
    • Sara has even tried on a few rings.
    • Juan and Sara are both still in school so they want
    to be financially careful about their decision.
    • But Sara has pointed out that she will have this
    ring forever.
    • Juan would like to surprise her with the ring.
    • Sara agrees because it is Juan’s gift to her.
    Quantitative Reasoning Process Step 2: Identify Key Variables

    • Juan wants to marry Sara and needs to buy a ring. Get the cost
    • He has $1150 saved and is willing to borrow a
    little to get the perfect ring. His income
    • Juan and Sara are in love. His expenses
    • They are planning to become engaged soon. Anna preferen
    • They have spent hours window shopping at
    jewelry stores looking at engagement rings Finacial option
    together.
    • Sara has even tried on a few rings.
    • Juan and Sara are both still in school so they want
    to be financially careful about their decision.
    • But Sara has pointed out that she will have this His expenses
    ring forever. His income ke
    • Juan would like to surprise her with the ring.
    • Sara agrees because it is Juan’s gift to her. He will be abl
    Sara will llike
    He will be abl
    entify Key Variables/Make Key Assumptions

    What are the key variables for solving this problem?


    Get the cost
    His income
    His expenses
    Anna preference (taste)
    Finacial options

    What are the key assumptions for solving this problem?


    His expenses stay the same
    His income keeps coming
    He will be able to acquire the loan
    Sara will llike the ring
    He will be able to afford it.
    Quantitative Reasoning Process Step 3: Apply Quantitati

    1. White half cara

    Based on the information presented what 2.$1500


    do you think Juan should decide?
    3.$2135

    1 Please list your choice of s


    2 Then find the total cost an
    3 Lastly list how much he ne
    pply Quantitative Tools

    1. White half carat $1000

    2.$1500

    3.$2135

    ease list your choice of setting, metal type, and stone.


    en find the total cost and amount needed to borrow + finance charge.
    stly list how much he needs to pay beyond his savings for your choice.
    Quantitative Reasoning Process Step 4: Make Inform

    Posters At the Store


    tep 4: Make Informed Decisions

    The sales person encourages Juan to “just


    look” at a few of the more expensive options
    and imagine how thrilled Sara will be when
    she shows her stunning engagement ring to
    friends and family.

    Conclusion: Juan buys a much more


    expensive ring than he originally
    decided to buy!

    Notice that Juan didn't follow-through with the


    Store informed decision he made previously. Which
    type of logical fallacy does this example
    represent? Explain.
    An appeal to emotion.
    The appeal to emotion fallacy is an
    argument that claims something is true
    because of an emotional reason unrelated
    to the argument.
    Juan to “just
    pensive options
    a will be when
    gement ring to

    much more
    originally

    rough with the


    iously. Which
    xample

    cy is an
    hing is true
    son unrelated
    Quantitative Reasoning Process Step 5: Evaluate You

    Why do you think that marketing is so effective at preventing people


    Quantitative and Logical Reasoning?
    They use to persuasde and entice people to buy even when they are

    What steps do you think you could take to help you avoid logical falli
    effective reasoning?
    We can use the quantitative reasoning
    tep 5: Evaluate Your Reasoning

    at preventing people from using

    y even when they are out of their budget.

    you avoid logical fallicies that prevent


    Save this file and upload it to the W03 Group
    Assignment Submission.

    Then complete the W03 Group Assignment Quiz


    together as a group.

    Also, discuss any homework problems that you


    are struggling with. Only bring up homework
    problems that everyone in your group has already
    attempted.

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