1 Answers
Option 3 : Arrive at the likely cost of organising a party.
Estimation refers to a rough calculation of something's value, amount, quantity, or scope.
Estimating unknown quantities- For organizing a party it is impossible to estimate how much food or drink you will need for the party because you can only do it after the event has taken place. However, the children may estimate how much they will need and plan a budget for the party. The budget estimate is based on previous experiences and assumptions.
- In a world where we frequently need to make decisions based on inexact or imprecise information, estimating unknown quantities is an essential life skill.
- Spreadsheets are especially useful in this kind of estimation where there is no correct answer because students may develop formulas for computations, change assumptions quickly and see the consequence of their choices right away.
Hence, we conclude that the most appropriate exercise to reflect that students have acquired the skill of estimating unknown quantities is arriving at the likely cost of organizing a party