7+ What is Elimination Method? (Definition)

definition of elimination method

7+ What is Elimination Method? (Definition)

A technique employed to solve systems of equations involves strategically manipulating the equations to remove one variable. This manipulation typically involves multiplying one or both equations by constants, followed by either adding or subtracting the equations to cancel out a chosen variable. Once one variable is eliminated, the resulting equation can be solved for the remaining variable. Subsequently, the value of the solved variable is substituted back into one of the original equations to determine the value of the eliminated variable. For example, given two linear equations with two unknowns, this approach aims to create a new equation with only one unknown, simplifying the solution process.

This process offers a systematic way to tackle systems of equations, ensuring accuracy and efficiency in finding solutions. Its adaptability to various equation types and its foundational role in linear algebra contribute to its widespread use in diverse fields, including mathematics, physics, engineering, and economics. Historically, methods for solving systems of equations have evolved over centuries, with this particular technique solidifying as a core principle in algebraic problem-solving.

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What's the Disability Insurance Elimination Period? Definition & More

disability insurance elimination period definition

What's the Disability Insurance Elimination Period? Definition & More

A waiting period exists in disability insurance policies, representing the time between the onset of a disabling condition and the point when benefit payments commence. This duration, selected by the policyholder at the time of purchase, functions similarly to a deductible in other insurance types. For instance, an individual with a 90-day duration must wait three months after becoming disabled before receiving payments.

The length of this preliminary timeframe has a direct impact on policy premiums. Shorter durations typically correlate with higher premium costs, reflecting the insurer’s increased likelihood of paying benefits sooner. Conversely, electing a longer duration often results in reduced premium expenses. The existence of this period helps to manage policy costs and prevent claims for short-term disabilities, focusing coverage on more substantial, long-lasting impairments. This construct ensures the financial sustainability of disability insurance products.

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