The Brogan Family Currently Lives in a Suburb of a Major

question 140

Essay

The Brogan family currently lives in a suburb of a major city.They have a lovely home close to major routes of transportation.Both Mr.and Mrs.Brogan have convenient commutes of 30 minutes or less.Because the school system in their town does not have a quality reputation,they currently send their daughter to private school,conveniently located less than one mile from their home.The family's current monthly living expenses are listed below:
$$\begin{array} { | l | r | } \hline & \begin{array} { r } \text { Monthsy } \\\text { Budget }\end{array} \\\hline \text { Mortgage, including taxes and insurance } & \$ 5,000 \\\hline \begin{array} { l } \text { Other utilities, including water, heat and } \\\text { telephone }\end{array} & 500 \\\hline \text { Costs of running automobiles } & 800 \\\hline \text { Cost of private school } & 2,000 \\\hline \text { Total monthy budget } &\underline{ \$ 8,300} \\\hline\end{array}$$
The Brogans are considering moving to a town approximately 20 minutes away.Because of the desirability of the local schools and strict zoning,housing is very expensive in this town.Their daughter would attend public schools.The Brogans estimate that their monthly mortgage,taxes and insurance would increase to $7,000 per month,while the cost of running automobiles would increase 20% and other utilities 10%.Mortgage interest costs are tax deductible and the Brogans are in the 25% tax bracket.Assume that $700 of the increase in their monthly budget is for mortgage interest.What are the costs and benefits of moving? Which can be quantified and which cannot?

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Definitions:

Founders, Methods, And Philosophies

A phrase that encompasses the individuals who establish or pioneer significant theoretical or practical methodologies, and the core beliefs or principles that guide these approaches.

Control Group

In an experiment, the group that does not receive the treatment under study and is used as a benchmark to measure how the other tested subjects do.

Experimental Group

An experimental group is a group of subjects in an experiment who are exposed to the variable under investigation, allowing researchers to assess the effect of that variable.

Direction Of The Relationship

Refers to the pattern or manner in which two variables are associated, indicating whether an increase in one variable corresponds with an increase (positive relationship) or decrease (negative relationship) in the other.