Tagged: time is money

Time is $$

Hello and welcome back to another blog post! Today I will be reflecting on my most recent project in our Scimatics course called Time is Money. In this project, we created a product or service to sell where we analyzed the income generated, costs required and time used to figure out if it would be a good service or not as a business prospect. 

Driving question: How can we predict our finances for the future?

Understanding and solving: Apply multiple strategies to solve problems in both abstract and contextualized situations. 

I think that I did a pretty good job with this competency because I had all my time, materials and equipment accounted for in the cost of making my product and performing my service. Another example of me applying multiple strategies to solve problems was that in the making of my final video, I had several audio problems so, I tried things like finding a pair of Apple earphones to make the sound much more focused on my voice, I went outside since it was pretty quiet that day but then I talked to my parents and my dad actually had an old microphone that he let me use which made my audio sound even better. 

Communicating and representing: Represent mathematical ideas in concrete, pictorial and symbolic form.

My graph was labelled and explained well, but still, I think that I could’ve improved this competency a little more. Although I had everything I needed (linear equations is used to determine my profit per transaction and hourly wages), I didn’t do the prediction for my NET earnings for over a year. 

Connecting and reflecting: connect mathematical concepts to each other and to other areas and personal interests.

I don’t think I did a very good job with this competency because my video could’ve compared my new business to other ones more. Plus, I didn’t really talk about if my business can cover my costs of living or operating and it’s sustainability on the environment or not. 

To conclude, I really enjoyed getting to learn about linear equations and learning how to calculate your profit in a real-life business using those linear equations. In the end, my video did turn out pretty well: the colours matched and weren’t too crazy, although next time I’d like to add a little more colour and my explanations were clear and very understandable. 

See you in my next blog post!

Alex