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.

Additional details
Year level(s)	Year 9
Audience	Teacher
Purpose	Teaching resource
Format	Web page
Teaching strategies and pedagogical approaches	Mathematics investigation, Questioning, Explicit teaching, Collaborative learning
Keywords	sampling techniques, mathematical modelling, data analysis, efficient calculation strategies, Maths Hub lesson plan
Curriculum alignment
Curriculum connections	Critical and creative thinking
Strand and focus	Statistics
Topics	Mathematical modelling, Money and financial mathematics
AC: Mathematics (V9.0) content descriptions	AC9M9ST05 Plan and conduct statistical investigations involving the collection and analysis of different kinds of data; report findings and discuss the strength of evidence to support any conclusions? AC9M8N05 Use mathematical modelling to solve practical problems involving rational numbers and percentages, including financial contexts; formulate problems, choosing efficient calculation strategies and using digital tools where appropriate; interpret and communicate solutions in terms of the situation, reviewing the appropriateness of the model
Numeracy progression	Interpreting and representing data (P7) Understanding money (P9)
Copyright details
Organisation	Commonwealth of Australia
Copyright	© 2024 Commonwealth of Australia. Creative Commons BY 4.0.

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