Percent Predictions Portfolio

Anonymous
timer Asked: Dec 17th, 2018
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Question description

Directions: You probably see them in the news all the time—predictions about prices, jobs, stocks, and other aspects of the economy. Now it's your turn to predict the future! Follow the directions to make and explain an economic prediction for an article you have been asked to write in the Economic News. 1. Choose one item of interest to you in the Historical Pricing Chart on the next page. 2. Calculate the percent of change of the item's price each decade, and use your results to determine the average rate of change from 1960–2000. 3. Comment on the trend in your item’s percent of increases. 4. Go shopping! Find the average current price of your item online, in the newspaper, or locally by looking at the price when you go to the store in the next day or two. Does the current price match the trend from 1960–2000 that you identified? Explain your thinking. 5. Create a line graph or other visual model to show the pricing trend. Be sure to include the current price in your model. 6. Predict the item's price at a future date. Use your calculations and visual model to justify your prediction. 7. Organize your analysis, prediction, explanations, and visual model in a brief news article. Your completed article will be submitted as your portfolio assessment

Percent Predictions Portfolio
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Percent Predictions Portfolio Template: MY EXAMPLE FOR YOU TO FOLLOW Applications of Percent 1. Choose one item of interest to you from the Historical Pricing Chart on the Portfolio Worksheet found in your lesson. (1 point) YOU CANNOT USE THE MOVIE TICKET AS I AM DOING IT AS AN EXAMPLE FOR YOU. I HAVE ALSO DONE AN EXAMPLE TO THE GRAPH. Blank sheet for you to fill out is also attached. Item Movie Ticket 1960 Price .69 1970 Price 1.55 1980 Price 2.60 1990 Price 4.23 2000 Price 5.39 2. Calculate the percent of change of the item’s price each decade, and use your results to determine the average rate of change from 1960-2000. Please show your work. (8 points) Decade Work and Answers → % of Change 1960-1970 .69-1.55 .69 =1.246 =125% % of Change 1970-1980 1.55-2.60 1.55 =.677 =68% % of Change 1980-1990 2.60-4.23 2.60 =1.63 =163% % of Change 1990-2000 4.23-5.39 4.23 =.274 =27% Average % of Change 125+68+163+27 4 =383/4= 95.75 =96% 3. Give your comments on the trend in your item’s percent of increases. Is the percent of increase constant? If yes, why? If no, why not? (2 points) 4. What is the average current price of your item? Please cite your source. (1 point) 5. Create a line graph or bar graph to show the pricing trend. Be sure to include the current price in your model. (2 points) See Below. You can do this graph by hand- take a picture of it or scan it- so you can put it in the drop box. P R I C E Movie Prices from 1960 to 2010 6 5 O F A M O V I E 4 3 Series1 2 1 0 19601 19702 3 1980 19904 20005 6. Predict the item’s price at a future date. Use the date 2030. Please show your work. Use math calculations to justify your prediction. (2 points)
Percent Predictions Portfolio Template: MY EXAMPLE FOR YOU TO FOLLOW Applications of Percent 1. Choose one item of interest to you from the Historical Pricing Chart on the Portfolio Worksheet found in your lesson. (1 point) YOU CANNOT USE THE MOVIE TICKET AS I AM DOING IT AS AN EXAMPLE FOR YOU. I HAVE ALSO DONE AN EXAMPLE TO THE GRAPH. Blank sheet for you to fill out is also attached. Item 1960 Price 1970 Price 1980 Price 1990 Price 2000 Price 2. Calculate the percent of change of the item’s price each decade, and use your results to determine the average rate of change from 1960-2000. Please show your work. (8 points) Decade % of Change 1960-1970 % of Change 1970-1980 % of Change 1980-1990 % of Change 1990-2000 Average % of Change Work and Answers → 3. Give your comments on the trend in your item’s percent of increases. Is the percent of increase constant? If yes, why? If no, why not? (2 points) 4. What is the average current price of your item? Please cite your source. (1 point) 5. Create a line graph or bar graph to show the pricing trend. Be sure to include the current price in your model. See Below. (2 points) You can do this graph by hand- take a picture of it or scan it- so you can put it in the drop box. 6. Predict the item’s price at a future date. Use the date 2030. Please show your wor. Use math calculations to justify your prediction. (2 points)

Tutor Answer

ProfAlexey
School: Carnegie Mellon University

Hey, y...

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Review

Anonymous
Tutor went the extra mile to help me with this essay. Citations were a bit shaky but I appreciated how well he handled APA styles and how ok he was to change them even though I didnt specify. Got a B+ which is believable and acceptable.

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