We will study the three basic types of probability, empirical, theoretical, and subjective. We will study examples of each type of probability and compare the significance of each type.
We will draw graphs of exponential functions. We will do example problems involving exponential functions. The examples will involve interest earning accounts and annuities.
Assignment
none
Session Minutes
45
Minutes Student Attended
45
Lesson Comments
The lesson went very well. David understands how compound interest works and how annuities grow over time.
We will review percent interns of fractions, decimals, and percents. We will do examples of percents such as sales tax, savings accounts, and taxes. We will compute simple interest and compound interest by doing examples.
Assignment
none
Session Minutes
45
Minutes Student Attended
45
Lesson Comments
We accomplished the goals in the session outline. We will continue this topic tomorrow.
We will study interest on investments. First we will determine the different ways of computing interest, namely simple and compound. We will compare how investments grow under each method and why one method may be used in place of the other in a specific situation.
Assignment
none
Session Minutes
45
Minutes Student Attended
45
Lesson Comments
We got sidetracked from the main topic and discussed how inheriting a house works, which led to a discussion about designing a house with unusual features. David actually sketched a design of house.
We will discuss investment growth. In particular exponential growth. We will look at examples.
Assignment
none
Session Minutes
45
Minutes Student Attended
45
Lesson Comments
We discussed investments. Cam shared his baseball and football card collection with me. We used it as examples of how values can grow for some of the cards and not for others.
