"The Big Splash"

Solution Summary

• Five teachers have told Chris that they are willing to be dunked.
  
• Prepare a business plan for the dunking machine project as if you were making the presentation to Ms. Stieger.

Students must develop a business plan for a hypothetical school principal in order to obtain a loan for their project. The overall problem centers on developing this business plan, including the use of a statistical survey to help them decide if Chris's idea would be profitable. Subproblems include using sample data to estimate revenue, optimizing among several options in determining expenses, and meeting constraints that will qualify successful plans for startup funding. With 1 sample, 1 extrapolation to the population, and a straight forward story The Big Splash is the least complex of the Jasper business adventures. As with each episode, students must generate the subproblems, identify relevant data and carry out the calculations to solve this approximately 15 step problem involving basic statistics.