GOAL
Your task is to organize and analyze data on the cost of proms over the last 20 years.
ROLE
Your job, as prom committee chair, is to make predictions regarding the cost of the upcoming prom.
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You need to convince parents, students, administrators, and teachers that the cost of prom for this year will be within budget based on the costs from previous years.
SITUATION
You and your friends signed up to help design and plan your senior prom. Your club advisor gave you the past 15 years worth of expense reports. You believe you can predict the cost of the prom based on those reports.
PRODUCT, PERFORMANCE, AND PURPOSE
1. You will open the project document to view your tasks. Prom.doc
2. You will create a well labeled scatterplot plot by hand or using Excel.
3. Using the website, calculate correlation, regression equation and percent of variation. You will explain specific values in terms of the problem.
4. You will make predictions and analyze the effects of extrapolation.
5. You will analyze influential values.
6. You will create a poster that includes:
a. Scatterplot
b. Correlation, regression equation and percent of variation values with explanation
c. All predictions with extrapolation explained.
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