Education Technology

Monopoly and Regression

Subject Area
Math: Statistics: Describing Bivariate Data
Level
9-12
Activity Time
50 Minutes
TI Calculator
TI-Nspire™ CX series
TI-Nspire™ CX CAS/CX II CAS
TI-Nspire Version
3.0
Resource Types
Lessons
Format
TNS

Monopoly and Regression

Activity Overview

This lesson involves analyzing the association between the number of spaces from Go and the cost of the property on a standard Monopoly board.

Objectives

  • Students will analyze the linear association between two variables and interpret the association in the context of a given scenario.
  • Students will calculate a least-squares regression line and interpret the coefficients.
  • Students will determine the appropriateness of a least-squares regression plot by analyzing residuals and the effects of unusual points on the line.

Vocabulary

  • coefficient of determination
  • correlation coefficient
  • explanatory variable
  • influential point
  • least-squares regression line
  • outlier
  • response variable
  • scatter plot
  • slope
  • y-intercept

About the Lesson

This lesson involves analyzing the association between the number of spaces from Go and the cost of the property on a standard Monopoly board.

As a result, students will:

  • Calculate a least-squares regression line for data and interpret the coefficients.
  • Discuss unusual points and their effects on the line.
  • Interpret a residual plot.

Subject Area
Math: Statistics: Describing Bivariate Data
Level
9-12
Activity Time
50 Minutes
TI Calculator
TI-Nspire™ CX series
TI-Nspire™ CX CAS/CX II CAS
TI-Nspire Version
3.0
Resource Types
Lessons
Format
TNS
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