Perfect pricing
In this lesson, students are hotel managers conducting a statistical investigation to help them decide on a model for the perfect pricing structure for a new hotel/holiday resort.
- Resource details
- Year level
- Year 9
- Purpose
- Teaching resource
- Strand
- Statistics
- Topic
- Mathematical modelling Money and financial mathematics Statistical investigations
- Audience
- Teachers
- Format
- Webpage
- Numeracy progression
- Interpreting and representing data (P7) Understanding money (P9)
- Publisher
- Commonwealth of Australia
- Copyright
- © 2024 Commonwealth of Australia. Creative Commons BY 4.0.
- Keywords
- mathematical modelling efficient strategies
- Other terms
- sampling techniques data analysis Maths Hub lesson plan
Related resources
-
Mathematics of bushfire
Mathematics and traditional knowledge help us understand and manage bushfires, protecting people, communities, and the environment.
Resource details -
Mathematical modelling: The steepest slopes on Baldwin St
Students investigate steepness using Baldwin Street, representing gradient in multiple ways, linking it to tangent, and communicating findings for real audiences.
Resource details -
Mathematical modelling (Algebra): Year 9 – planning tool
This planning resource for Year 9 is for the topic of Mathematical modelling.
Resource details -
Mathematical modelling (Measurement): Year 9 – planning tool
This planning resource for Year 9 is for the topic of Mathematical modelling.
Resource details -
Conduct statistical investigations: Year 9 – planning tool
This planning resource for Year 9 is for the topic of Conduct statistical investigations.
Resource details -
Educational Datasets
These teacher guides describe the datasets for teachers and provide a range of lesson activities for students in Years 3 to 10. Datasets are grouped according to where the data's context fits into learning areas of the Australian Curriculum.
Resource details -
Understanding compound interest
Students learn how compound interest works and why saving now can help you later.
Resource details -
Different ways to pay
Students learn about the pros and cons of various payment options, what happens to their money, different consumer products and where to go for more information.
Resource details