Gift+Money+Challenge

 $$**Gift Money$$ Challenge** A WebQuest for 7th Grade (Math) Designed by Mrs. Zalepa donna@lbi-homes.com



Introduction | Task | Process | Evaluation | Resources

 __Introduction__ 

This project will help you to apply what you have learned about the mathematical concepts of mean, median, mode and range . To get started, you will also have to solve a money mystery algebraic expression, research information on the internet, prepare a table and graph and put all this information into a Powerpoint presentation to show what you have learned and to find out how much money will have!

Here’s the fun:

Every birthday your favorite Grandmother gives you gift money for your birthday.



This birthday, she is giving a secret amount that you will have to figure out how much it is. Once you do, you will take this money and begin your research on the internet about investing your money. Why do you want to invest it? Since you want to save this money for something BIG, for example a lab top, computer, iphone, or even savings for college, you want to grow this money as big and as quickly as you can by investing it into a CD at a bank. You will have to research what a CD is, and how it works. Once you do that, you will have to then have to find 10 CDs that you would consider investing in to grow your money. You will do the statistics on 3 different terms, figuring out the mean, median, mode and range.

So the big question is, how much money did Grandma give you? and how much will you have after 1 year, 3 years and 5 years? Will you have enough to buy what you’ve been wanting? Which student will have the most money at the end of 5 years?

 __The Task__


 * Determine how much money Grandma gives you;


 * Research on the Web about CDs;


 * Learn vocabulary-APR, term, and minimum deposit;


 * Review the concepts: Mean, Median, Mode, Range;


 * Find 10 CDs you would like to invest your money in;


 * Do the statistics-mean, median, mode, range for 3 terms;


 * Calculate about how much money you would have at 1 year, 3 years and 5 years;


 * Show on a graph how much money you will have at the end of each term. * Prepare a short Powerpoint presentation of what you have learned

Back to Top

<span style="color: #ff0000; font-family: 'Comic Sans MS',cursive; font-size: 120%;"> __The Process (Just 10 steps to success!)__


 * 1) <span style="font-family: 'Comic Sans MS',cursive; font-size: 14px; line-height: 21px;">Your favorite is Grandmother is never <span style="background-color: #ffff00; font-family: 'Comic Sans MS',cursive; font-size: 14px; line-height: 21px;">MEAN <span style="font-family: 'Comic Sans MS',cursive; font-size: 14px; line-height: 21px;">, and has a <span style="background-color: #ffff00; color: #000000; font-family: 'Comic Sans MS',cursive; font-size: 14px; line-height: 21px;">RANGE <span style="font-family: 'Comic Sans MS',cursive; font-size: 14px; line-height: 21px;"> of Grandchildren, of which you are the <span style="background-color: #ffff00; font-family: 'Comic Sans MS',cursive; font-size: 14px; line-height: 21px;">MEDIAN <span style="font-family: 'Comic Sans MS',cursive; font-size: 14px; line-height: 21px;"> child. On your birthday, she is in a giving <span style="background-color: #ffff00; font-family: 'Comic Sans MS',cursive; font-size: 14px; line-height: 21px;">MODE <span style="font-family: 'Comic Sans MS',cursive; font-size: 14px; line-height: 21px;"> and wants YOU to figure out how much money is in the birthday envelope she will give you. She says:

<span style="display: block; font-family: 'Comic Sans MS',cursive; font-size: 14px; text-align: center;">If a = your age and m = birthday month and d = day of the month and y = year you were born

You need to solve:

<span style="font-family: 'Comic Sans MS',cursive; font-size: 14px; line-height: 21px; vertical-align: super;">2a + (5 x m) 2 + 3d – y = Mystery $$



<span style="font-family: 'Comic Sans MS',cursive; font-size: 16px; line-height: 23px;">
 * 1) <span style="font-family: 'Comic Sans MS',cursive; font-size: 120%;">Now that you know how much money you have, on my wikispace go to my page on <span style="font-family: 'Comic Sans MS',cursive; font-size: 120%; text-decoration: none;">Mean, Median and Mode <span style="font-family: 'Comic Sans MS',cursive; font-size: 120%;">. Review all the information and make sure you watch the video.
 * 2) <span style="font-family: 'Comic Sans MS',cursive; font-size: 120%;">On the internet, go to the following link to learn about saving your money: <span style="font-family: 'Comic Sans MS',cursive; font-size: 120%; text-decoration: none;">[]
 * 3) <span style="font-family: 'Comic Sans MS',cursive; font-size: 120%;">To learn about what a CD is, go to <span style="font-family: 'Comic Sans MS',cursive; font-size: 120%; text-decoration: none;">[]
 * 4) <span style="font-family: 'Comic Sans MS',cursive; font-size: 120%;">To learn the definitions of Term, APR, APY, Term, Initial deposit, go to my wikispace <span style="font-family: 'Comic Sans MS',cursive; font-size: 120%; text-decoration: none;">Definition Page <span style="font-family: 'Comic Sans MS',cursive; font-size: 120%;"> which has these definitions for you.
 * 5) <span style="font-family: 'Comic Sans MS',cursive; font-size: 120%;">Go to this website to find 10 different CDs that you would like to invest in. Make sure you have enough money for the initial deposit. <span style="font-family: 'Comic Sans MS',cursive; font-size: 120%; text-decoration: none;">[]
 * 6) <span style="font-family: 'Comic Sans MS',cursive; font-size: 120%;">Now that you have your 10 CDs, find the mean APY, the median APY, the mode of APY and the range of APYs for a 1 year term CD. Do this again for a 3 year term, and 5 year term. Put them in a chart form on scrap paper.
 * 7) <span style="font-family: 'Comic Sans MS',cursive; font-size: 120%;">Put together a table in Powerpoint so it looks something like this:

8. Now that you have your table 1 with all your APYs, you need to calculate, how much money you expect to have after 1 year, 3 years, and 5 years and put that information into another table, table 2. If you need a calculator, you can find one here: []

It should look just like table 1 but you are going to multiply the Mean APY, Median APY and Mode APY times your mystery amount of money. Your table would look something like this:



9. Now that you have these two powerpoint tables, just put together an introduction slide showing your calculations for the gift money which is step 1 above. Show your work on the slide.

10. For your final slide, please create a line or bar graph in Powerpoint, graphing the information you put in table 2. You should graph the Mean, Median and Mode on this slide for each term. Please include which CD you would invest in and how much money you expect to have. Do you have enough money to buy what you've been wanting? Who do you think will have the most money in class?

Be prepared to show your powerpoint presentation to the class. If you need some tips for a good presentation, check out this helpful link: [] <span style="font-family: 'Comic Sans MS',cursive; font-size: 14px; line-height: 21px;"> Back to Top

__Evaluation:__

<span style="font-family: 'Comic Sans MS',cursive; font-size: 110%;">You will be graded based on the following rubrik criteria: (15 pts.) || <span style="background-color: #fefcd2; font-family: 'Comic Sans MS',cursive; font-size: 110%;">Audience cannot understand presentation because there is no sequence of information. || <span style="background-color: #fefcd2; font-family: 'Comic Sans MS',cursive; font-size: 110%;">Audience has difficulty following presentation because student jumps around. || <span style="background-color: #fefcd2; font-family: 'Comic Sans MS',cursive; font-size: 110%;">Student presents information in logical sequence which audience can follow. || <span style="background-color: #fefcd2; font-family: 'Comic Sans MS',cursive; font-size: 110%;">Student presents information in logical, interesting sequence which audience can follow. ||  || (50 pts.) || <span style="background-color: #c9fdf3; font-family: 'Comic Sans MS',cursive;">Student does not have grasp of challenge; student cannot answer questions about mean, median, mode and range. || <span style="background-color: #c9fdf3; font-family: 'Comic Sans MS',cursive;">Student is uncomfortable with information and has difficulty answering questions about mean, median, mode and range. || <span style="background-color: #c9fdf3; font-family: 'Comic Sans MS',cursive;">Student is at ease with content, but fails to give details. || <span style="background-color: #c9fdf3; font-family: 'Comic Sans MS',cursive;">Student demonstrates full knowledge (more than required) with explanations and details. ||  || (15 pts.) || <span style="background-color: #f4e3fc; font-family: 'Comic Sans MS',cursive;">Student used no visuals or has missing slides. || <span style="background-color: #f4e3fc; font-family: 'Comic Sans MS',cursive;">Student had missing slides or had slides with incorrect information. || <span style="background-color: #f4e3fc; font-family: 'Comic Sans MS',cursive;">Slides were completed and related to text and challenge. || <span style="background-color: #f4e3fc; font-family: 'Comic Sans MS',cursive;">Student used visuals to reinforce challenge and presentation; original and creative slides. ||  || (10 pts.) || <span style="background-color: #c6fbd8; font-family: 'Comic Sans MS',cursive;">Student's presentation had four or more errors or missing data. || <span style="background-color: #c6fbd8; font-family: 'Comic Sans MS',cursive;">Presentation had three errors and/or missing data. || <span style="background-color: #c6fbd8; font-family: 'Comic Sans MS',cursive;">Presentation has no more than two errors and/or missing data. || <span style="background-color: #c6fbd8; font-family: 'Comic Sans MS',cursive;">Presentation has no miscalculations or errors. Student used visuals to reinforce presentation. ||  || (10 pts.) || <span style="background-color: #d5d3fd; font-family: 'Comic Sans MS',cursive;">Student mumbles, incorrectly pronounces terms, and speaks too quietly for students in the back of class to hear. || <span style="background-color: #d5d3fd; font-family: 'Comic Sans MS',cursive;">Student incorrectly pronounces terms. Audience members have difficulty hearing presentation. || <span style="background-color: #d5d3fd; font-family: 'Comic Sans MS',cursive;">Student's voice is clear. Student pronounces most words correctly. || <span style="background-color: #d5d3fd; font-family: 'Comic Sans MS',cursive;">Student used a clear voice and correct, precise pronunciation of terms. ||  || Back to Top
 * ||  ||   ||   ||   ||   || <span style="font-family: 'Comic Sans MS',cursive;">** Points ** ||
 * || <span style="font-family: 'Comic Sans MS',cursive;">** 1 (Poor) ** || <span style="font-family: 'Comic Sans MS',cursive;">** 2 (Average) ** || <span style="font-family: 'Comic Sans MS',cursive;">** 3 (Above Average) ** || <span style="font-family: 'Comic Sans MS',cursive;">** 4 (Outstanding) ** ||  ||
 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 110%;">**<span style="background-color: #fefcd2; font-family: 'Comic Sans MS',cursive; font-size: 110%;">Organization ** <span style="background-color: #fefcd2; font-family: 'Comic Sans MS',cursive; font-size: 110%;">
 * <span style="font-family: 'Comic Sans MS',cursive;">**<span style="background-color: #c9fdf3; font-family: 'Comic Sans MS',cursive;">Content Knowledge ** <span style="background-color: #c9fdf3; font-family: 'Comic Sans MS',cursive;">
 * <span style="font-family: 'Comic Sans MS',cursive;">** Visuals ** <span style="background-color: #f4e3fc; font-family: 'Comic Sans MS',cursive;">
 * <span style="font-family: 'Comic Sans MS',cursive;">**<span style="background-color: #c6fbd8; font-family: 'Comic Sans MS',cursive;">Mechanics ** <span style="background-color: #c6fbd8; font-family: 'Comic Sans MS',cursive;">
 * <span style="font-family: 'Comic Sans MS',cursive;">**D<span style="background-color: #d5d3fd; font-family: 'Comic Sans MS',cursive;">elivery ** <span style="background-color: #d5d3fd; font-family: 'Comic Sans MS',cursive;">
 * ||  ||   ||   || <span style="font-family: 'Comic Sans MS',cursive;">**Total Points (Your Grade)** ||   ||   ||   ||   ||   ||   ||   ||

<span style="-webkit-text-decorations-in-effect: underline; color: #ff0000; font-family: 'Comic Sans MS',cursive; font-size: 17px; line-height: 25px;"> Resources:


 * []
 * []
 * []
 * Mean, Median and Mode
 * <span style="color: #000000; font-family: 'Comic Sans MS',cursive; font-size: 16px; line-height: 19px; text-decoration: none;">Definition Page
 * []
 * []

Back to Top