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Recommended for: Grades 4-8

Resource: Estimating Costs, Estimating Profits

Estimating Costs, Estimating Profits Save to a folder

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Media Type:
QuickTime Video

Length: 3m 53s
Size: 11.5 MB

or

In this video segment from TV411, Franklin works with Laverne to create a budget for a painting job. Franklin is not sure if he should take on a job where he will be paid $250 for painting a friend’s family room. He must take into consideration the cost of supplies as well as how long the job will take him. He consults with Laverne and realizes he has to make some estimates to come up with the budget for the job.

Alternate Media Available:

Transcript (Rich Text Format Document)

 

Teachers' Domain, Estimating Costs, Estimating Profits, published August 22, 2008, retrieved on ,
http://www.teachersdomain.org/resource/vtl07.math.number.dec.estcosts/

 

Here are some Frame, Focus and Follow-up suggestions for using this video in a math lesson.

What is Frame, Focus and Follow-up?

Frame: Have you ever wondered if it was worthwhile to do a job for the amount of pay offered? To make a decision like that you would probably have to do some estimation. If you were offered $20 to cut a neighbor’s lawn, what kinds of things would you have to estimate to decide whether it was worth taking the job? How do you make a reasonable estimate? What’s the difference between an estimate and an exact calculation?

Focus: As you watch the film segment, note how Franklin is able to decide if he should take on the job. What amounts does he estimate? How does he figure out his profit? Does he have to round any numbers?

Source: TV411: Episode 116

Learn more about TV411.

Resource Produced by:

WNET

Collection Developed by:

WNET

Collection Credits

Collection Funded by:

U.S. Department of Education

Funding for the VITAL/Ready to Teach collection was secured through the United States Department of Education under the Ready to Teach Program.