Create a well-defined problem statement. Describe multiple strategies you will use to solve the problem. Ex, where would you look for appliances, any special time of year, bundles, sales, etc? Also, how do you finance, store credit, credit card, bank loan, etc?

Math 154 Research Project 3 (Group)

How can we most affordably and effectively pay for the remodel of our kitchen which is pictured below?

(Picture either provided by instructor or chosen by students)
(The implication is if we pay for it, we will need to define the work that was done.)

You are going to get two different grades for this project.  The first grade is what will go in the grade book and is based on the information below.  The second “grade” is actually a score that gets reported to the college based on how well you follow the Problem Solving Rubric (attached).  This score does not affect your grade, but you should try to follow both my scoring guidelines as well as the Problem Solving Rubric when you are working through this project.

This is how your grade will be determine for this course:

1. Define the problem – 10 Points

• Create a well-defined problem statement.

2. Identify Strategies – 20 Points

• Describe multiple strategies you will use to solve the problem. Ex, where would you look for appliances, any special time of year, bundles, sales, etc? Also, how do you finance, store credit, credit card, bank loan, etc?

3. Propose Solutions – 20 Points

• Cite sources, show ads, details!, credit card interest rates, loan information, etc

4. Evaluate Potential Solutions – 20 Points

• Do the math – take your solutions and show how you could finance them… store credit, bank loan, credit card with interest rates, etc How much would each solution cost in the long run if you include financing and interest?

5. Evaluate Impact of Potential Solutions – 20 Points

• Of the solutions, what works best for you? Would this be the best for everyone? Why would someone choose one solution while you choose another?

6. Reflect on Problem Solving Process – 10 points

• Summarize this project

Remember to use both rubrics as you work through this project.  I have opened up a discussion board to ask project based questions.  Please read through all previous posts before adding a new one, because your question may already be answered.  This project must be submitted via word document (.doc)