Activity 01
Pair Share: Range Calculation
Provide pairs with datasets on monthly grocery prices from local markets. They identify max and min values, compute range, and note potential outliers. Pairs then share findings with the class, discussing economic implications.
Explain the concept of dispersion and its importance in economic analysis.
Facilitation TipDuring Individual Practice: Compare Measures, use green and red highlighters so students visually mark where range and quartile deviation agree or clash in their answers.
What to look forProvide students with a small dataset of monthly household expenses for five families. Ask them to calculate the range and the quartile deviation. Then, ask: 'Which measure gives a better picture of the typical spending variation for these families and why?'