Standards for the lesson plan Number & Operation: All About Money  Does it Pay?
These standards and benchmarks are from McREL's online database, Content Knowledge: A Compendium of Standards and Benchmarks for K12 education (4th edition, 2004) (http://www.mcrel.org/standardsbenchmarks/.) The mathematics portion of the database was developed using National Council of Teachers of Mathematics (NCTM) standards in addition to other nationally recognized standards documents. Standard 1: Uses a variety of strategies in the problemsolving process Benchmark 1: Uses a variety of strategies (e.g., identify a pattern, use equivalent representations) to understand new mathematical content and to develop more efficient solution methods or problem extensions Benchmark 5: Uses formal mathematical language and notation to represent ideas, to demonstrate relationships within and among representation systems, and to formulate generalizations Standard 3: Uses basic and advanced procedures while performing the processes of computation Benchmark 1: Adds, subtracts, multiplies, divides, and simplifies rational expression Benchmark 3: Understands various sources of discrepancy between an estimate and a calculated answer Benchmark 6: Uses recurrence relations (i.e., formulas expressing each term as a function of one or more of the previous terms, such as the Fibonacci sequence or the compound interest equation) to model and to solve realworld problems (e.g., home mortgages, annuities) Standard 4: Understands and applies basic and advanced properties of the concepts of measurement Benchmark 1: Solves problems involving rate as a measure (e.g., speed, density) Standard 6: Understands and applies basic and advanced concepts of statistics and data analysis Benchmark 1: Selects and uses the best method of representing and describing a set of data (e.g., scatter plot, line graph, twoway table) Standard 8: Understands and applies basic and advanced properties of functions and algebra Benchmark 7: Uses a variety of models (e.g., written statement, algebraic formula, table of inputoutput values, graph) to represent functions, patterns, and relationships Standard 9: Understands the general nature and uses of mathematics Benchmark 7: Understands that mathematics provides a precise system to describe objects, events, and relationships and to construct logical arguments
