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How Much Is Too Much?. Algebra Business Project Application to Industrial Engineering Inventory Management Beatrice Martinez / Melinda Stubbs. Outline. Introduction / Overview. Outline. Introduction / Overview Description. Outline. Introduction / Overview Description Purpose

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## How Much Is Too Much?

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**How Much Is Too Much?**Algebra Business Project Application to Industrial Engineering Inventory Management Beatrice Martinez / Melinda Stubbs**Outline**• Introduction / Overview**Outline**• Introduction / Overview • Description**Outline**• Introduction / Overview • Description • Purpose -real world application -exposure to engineering -importance of charity contributions**Outline**• Introduction / Overview • Description • Purpose -real world application -exposure to engineering -importance of charity contributions * Materials**Objectives**• Prior Knowledge**Objectives**• Prior Knowledge • Calculate unit cost**Objectives**• Prior Knowledge • Calculate unit cost • Use interest formulas**Objectives**• Prior Knowledge • Calculate unit cost • Use interest formulas • Determine and graph linear equations**Objectives**• Prior Knowledge • Calculate unit cost • Use interest formulas • Determine and graph linear equations • Model and understand randomness**Objectives**• Prior Knowledge • Calculate unit cost • Use interest formulas • Determine and graph linear equations • Model and understand randomness • Make decisions in uncertain environments**Objectives**• Prior Knowledge • Calculate unit cost • Use interest formulas • Determine and graph linear equations • Model and understand randomness • Make decisions in uncertain environments • Calculate relative frequency**Objectives**• Prior Knowledge • Calculate unit cost • Use interest formulas • Determine and graph linear equations • Model and understand randomness • Make decisions in uncertain environments • Calculate relative frequency • Create a histogram of a binomial distribution**Objectives**• Prior Knowledge • Calculate unit cost • Use interest formulas • Determine and graph linear equations • Model and understand randomness • Make decisions in uncertain environments • Calculate relative frequency • Create a histogram of a binomial distribution • Create bar graphs and find central tendencies**Procedure**• Select teams at random • Select perishable product • Select officers • Conduct brief survey • Complete Activity Sheet 1 • Complete Activity Sheet 2 • Create power point presentation**Procedure…(continued)**• Schedule interview • Create advertisement • Purchase materials to get started! • Sell! Sell! Sell! • Create bar graphs / find central tendencies • Compare results with graphs • Write summary • Go shopping! • Deliver gifts to families**Grading Criteria**• Overall profit**Grading Criteria**• Overall profit • Interview and summary**Grading Criteria**• Overall profit • Interview and summary • Journals**Grading Criteria**• Overall profit • Interview and summary • Journals • Activity sheets and graphs**Grading Criteria**• Overall profit • Interview and summary • Journals • Activity sheets and graphs • Advertising**Grading Criteria**• Overall profit • Interview and summary • Journals • Activity sheets and graphs • Advertising • Teamwork**Extension**• Airline Overbooking Activity • Interview grocery store

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