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Solve scenarios using basic math computations
Assessment Strategies
Math Assessment with Consumer/Business Applications
Criteria
you use real numbers and basic operations to solve business/consumer problems
you answer with the precision of terms appropriate to the problem
you answer in the correct units of measure and labels
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Solve scenarios using algebraic concepts
Assessment Strategies
Math Assessment with Consumer/Business Applications
Criteria
you identify the unknown with the appropriate variable
you write the equation that relates the known information with the appropriate variable
you evaluate formulas for given value of the variables
you use algebra to solve business/consumer scenarios
you perform basic operations with signed numbers
you employ the order of operations to simplify an expression
you rearrange formulas to solve for a specific variable
you solve linear equations
you solve proportions
you answer with the precision of terms appropriate to the problem
you answer in the correct units of measure and labels
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Solve percentage scenarios
Assessment Strategies
Math Assessment with Consumer/Business Applications
Criteria
you convert between percents, decimals, fractions
you identify the base, rate and amount in problem
you compute the base, rate, or amount
you use percentages to solve business/consumer scenarios
you solve percent increase/decrease scenarios
you answer with the precision of terms appropriate to the problem
you answer in the correct units of measure and labels
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Solve simple interest scenarios
Assessment Strategies
Math Assessment with Consumer/Business Applications
Criteria
you identify the characteristics of simple interest
you compute principal, rate, or time using simple interest formula
you determine due date of a promissory note
you compute maturity value, principal, rate, and time using maturity value formula
you determine present and future values
you use simple interest to solve business/consumer scenarios
you answer with the precision of terms appropriate to the problem
you answer in the correct units of measure and labels
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Solve compound interest scenarios
Assessment Strategies
Math Assessment with Consumer/Business Applications
Criteria
you identify the characteristics of compound interest
you differentiate between simple and compound interest
you determine the number of periods
you determine the rate per period
you compute compound interest and compound amount
you determine present and future values
you use compound interest formulas to solve business/consumer scenarios
you determine the effective rate of interest
you answer with the precision of terms appropriate to the problem
you answer in the correct units of measure and labels
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Solve annuity scenarios
Assessment Strategies
Math Assessment with Consumer/Business Applications
Criteria
you identify the characteristics of an annuity
you differentiate between the present and future value of an annuity
you calculate the amount of a sinking fund payment.
you calculate the present and/or future values of an annuity
you apply annuity calculations to business/consumer scenarios
you answer with the precision of terms appropriate to the problem
you answer in the correct units of measure and labels
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Apply math concepts to the purchasing/buying process
Assessment Strategies
Math Assessment with Consumer/Business Applications
Criteria
you calculate trade discounts
you calculate net cost
you differentiate between single and series discounts
you express a series discount as a single discount equivalent
you determine cash discount period
you compute a cash discount
you solve business/consumer scenarios involving the purchasing/buying process
you answer in the correct units of measure and labels
you answer with the precision of terms appropriate to the problem
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Apply math concepts to the selling process
Assessment Strategies
Math Assessment with Consumer/Business Applications
Criteria
you distinguish between markup based on cost and markup based on selling price
you compute selling price, cost or markup based on cost
you compute selling price, cost or markup based on selling price
you compute sale price, markdown, or original price
you solve business/consumer scenarios involving the selling process
you answer in the correct units of measure and labels
you answer with the precision of terms appropriate to the problem
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Interpret basic statistics
Assessment Strategies
Math Assessment with Consumer/Business Applications
Criteria
you interpret charted data
you construct charts/graphs
you determine the appropriate chart given the raw data
you calculate measures of central tendencies
you interpret measures of dispersion
you determine the probability of an event involving normally distributed data
you use statistics to solve business/consumer scenarios
you answer with the precision of terms appropriate to the problem
you answer in the correct units of measure and labels