Illustrative Math Alignment: Grade 6 Unit 8

In this episode of Algebra Applications, students explore the dramatic events of 2008 related to the mortgage crisis. Brought about principally through mortgage defaults, the effect on the overall economy was severe. Yet, this situation offers an ideal case study for the exploration of key concepts in data analysis and probability. By exploring these questions students get a front row seat to the historical events of the world’s largest economy.

This is part of a collection of videos from the Algebra Applications video series on the topic of Data Analysis.

In this introductory segment students learn about the mortage crisis of 2008. In the process they get a brief introduction to what a mortgage is.

This is part of a collection of videos from the Algebra Applications video series on the topic of Data Analysis.

The time value of money is at the basis of all loans. Students learn about the key factors that determine monthly mortgage payments and use the TI-Nspire to create an amortization table. This table is used throughout the rest of the program to explore different scenarios.

This is part of a collection of videos from the Algebra Applications video series on the topic of Data Analysis.

Having learned the general features of a mortgage, students learn the specifics of a subprime mortgage. With this comes the notion of a credit score, and with credit scores come the probabilities for a loan default. Students use the amortization table to run probability simulations to determine possible loan defaults on subprime mortgages.

This is part of a collection of videos from the Algebra Applications video series on the topic of Data Analysis.

Another factor in the mortgage crisis was the use of adjustable rate mortgages. Students run a number of scenarios to test adjustable rate mortgages, while also taking into account the state of the housing market during the time of the mortgage crisis.

This is part of a collection of videos from the Algebra Applications video series on the topic of Data Analysis.

What are the two meanings of statistics? What does it really mean that an event has a 50% probability of occurring? Why are data analysis and probability always taught together? Written and hosted by internationally acclaimed math educator Dr. Monica Neagoy, this video answers these questions and addresses fundamental concepts such as the law of large numbers and the notion of regression analysis. Both engaging investigations are based on true stories and real data, utilize different Nspire applications, and model the seamless connection among various problem representations. Concepts explored: statistics, data analysis, regression analysis.

What are the two meanings of statistics? What does it really mean that an event has a 50% probability of occurring? Why are data analysis and probability always taught together? Written and hosted by internationally acclaimed math educator Dr. Monica Neagoy, this video answers these questions and addresses fundamental concepts such as the law of large numbers and the notion of regression analysis. Both engaging investigations are based on true stories and real data, utilize different Nspire applications, and model the seamless connection among various problem representations. Concepts explored: statistics, data analysis, regression analysis.

What are the two meanings of statistics? What does it really mean that an event has a 50% probability of occurring? Why are data analysis and probability always taught together? Written and hosted by internationally acclaimed math educator Dr. Monica Neagoy, this video answers these questions and addresses fundamental concepts such as the law of large numbers and the notion of regression analysis. Both engaging investigations are based on true stories and real data, utilize different Nspire applications, and model the seamless connection among various problem representations. Concepts explored: statistics, data analysis, regression analysis.

What are the two meanings of statistics? What does it really mean that an event has a 50% probability of occurring? Why are data analysis and probability always taught together? Written and hosted by internationally acclaimed math educator Dr. Monica Neagoy, this video answers these questions and addresses fundamental concepts such as the law of large numbers and the notion of regression analysis. Both engaging investigations are based on true stories and real data, utilize different Nspire applications, and model the seamless connection among various problem representations. Concepts explored: statistics, data analysis, regression analysis.

What are the two meanings of statistics? What does it really mean that an event has a 50% probability of occurring? Why are data analysis and probability always taught together? Written and hosted by internationally acclaimed math educator Dr. Monica Neagoy, this video answers these questions and addresses fundamental concepts such as the law of large numbers and the notion of regression analysis. Both engaging investigations are based on true stories and real data, utilize different Nspire applications, and model the seamless connection among various problem representations. Concepts explored: statistics, data analysis, regression analysis.

This is part of a collection of video tutorials on the topic of Ratios and Proportions. This series includes a complete overview of ratios, equivalent ratios, rates, unit rates, and proportions. The following section will provide additional background information for the complete series of videos.

What Are Ratios?

A ratio is the relationship between two or more quantities among a group of items. The purpose of a ratio is find the relationship between two or more items in the collection.

Let's look at an example.

Honey bees not only produce a tasty treat, they also help pollinate flowering plants that provide much of the food throughout the world. So, when in 2006 bee colonies started dying out, scientists recognized a serious problem. Analyzing statistics from honey bee production allows for a mathematical analysis of the so-called Colony Collapse Disorder.

This is part of a collection of videos from the Algebra Applications video series on the topic of Variables and Equations.

What are the two meanings of statistics? What does it really mean that an event has a 50% probability of occurring? Why are data analysis and probability always taught together? Written and hosted by internationally acclaimed math educator Dr. Monica Neagoy, this video answers these questions and addresses fundamental concepts such as the law of large numbers and the notion of regression analysis. Both engaging investigations are based on true stories and real data, utilize different Nspire applications, and model the seamless connection among various problem representations. Concepts explored: statistics, data analysis, regression analysis.

What are the two meanings of statistics? What does it really mean that an event has a 50% probability of occurring? Why are data analysis and probability always taught together? Written and hosted by internationally acclaimed math educator Dr. Monica Neagoy, this video answers these questions and addresses fundamental concepts such as the law of large numbers and the notion of regression analysis. Both engaging investigations are based on true stories and real data, utilize different Nspire applications, and model the seamless connection among various problem representations. Concepts explored: statistics, data analysis, regression analysis.

What are the two meanings of statistics? What does it really mean that an event has a 50% probability of occurring? Why are data analysis and probability always taught together? Written and hosted by internationally acclaimed math educator Dr. Monica Neagoy, this video answers these questions and addresses fundamental concepts such as the law of large numbers and the notion of regression analysis. Both engaging investigations are based on true stories and real data, utilize different Nspire applications, and model the seamless connection among various problem representations. Concepts explored: statistics, data analysis, regression analysis.

What are the two meanings of statistics? What does it really mean that an event has a 50% probability of occurring? Why are data analysis and probability always taught together? Written and hosted by internationally acclaimed math educator Dr. Monica Neagoy, this video answers these questions and addresses fundamental concepts such as the law of large numbers and the notion of regression analysis. Both engaging investigations are based on true stories and real data, utilize different Nspire applications, and model the seamless connection among various problem representations. Concepts explored: statistics, data analysis, regression analysis.

What are the two meanings of statistics? What does it really mean that an event has a 50% probability of occurring? Why are data analysis and probability always taught together? Written and hosted by internationally acclaimed math educator Dr. Monica Neagoy, this video answers these questions and addresses fundamental concepts such as the law of large numbers and the notion of regression analysis. Both engaging investigations are based on true stories and real data, utilize different Nspire applications, and model the seamless connection among various problem representations. Concepts explored: statistics, data analysis, regression analysis.