PPT-LSP 120: Quantitative Reasoning and Technological Literacy

LSP 120 Quantitative Reasoning and Technological Literacy Section 118 Özlem Elgün Loans and Credit Cards What kind of loans do you have Car loan Student Loan Mortgage Second Mortgage Credit Card. Teaching . Probability and Decision Theory in . Foundations . of Logical . Reasoning. Quantitative Literacy in Philosophy. [. Quantitative literacy] requires logic, data analysis, and probability….It enables individuals to analyze evidence, to read graphs, to understand logical arguments, to detect logical fallacies, to understand evidence, and to evaluate risks. Quantitative literacy means knowing how to reason and how to think. . Task Force. Final Report. 15 September . 2016. Guiding Principle: . Educational Policy must balance access and opportunity to achieve equity.. Recommendation I. Define quantitative reasoning. Recommendation I. Section . 202. Özlem. . Elgün. Loans and Credit . Cards. What kind of loans do you have?. Car loan. Student Loan. Mortgage. Second Mortgage. Credit Card. Loan Types. Fixed rate, fixed duration. Adjustable . Section . 202. Özlem. . Elgün. Why are we here?. Data: numbers with a context. Cell: each data point is recorded in a cell. Observation: each row of cells form an observation for a subject/individual. Section 202. Özlem. . Elgün. Making and Interpreting Graphs.  There are 3 types of graphs we use in Quantitative Reasoning class:. Pie Charts . Bar charts . . XY graphs (or line graphs) . .  . The Paradox. Illiteracy carries social shame. Innumeracy (“being bad at math”) is acceptable. Increasingly quantitative, data-driven world. The Project. 2014 Collaboration with Complete College America and . Fibonacci: http://www.youtube.com/watch?v=E9cX_14rf4g. Math Across the Curriculum. Rob Kimball. Or. If we are not going to use it outside of math class, why do we. have to learn it?. Or. We downloaded some data to a spreadsheet, calculated some statistics, and used those statistics to support oral arguments….. Section 118. Özlem. . Elgün. Solving for the rate (percent change). Solving for the initial value (a.k.a. old value, reference value) . Solving for time (using logarithms). Review. from previous class:. Section 202. Özlem. . Elgün. Exponential Change. Like linear relationships, exponential relationships describe a specific pattern of change between a dependent and independent variable . Recognizing and modeling this pattern allows us to make predictions about future values based on an exponential rate of change. . Section . 202. Özlem. . Elgün. Inflation. On class website , under topic 7, click on . Detailed CPI tutorial. . Scroll down to An introduction to Inflation . Inflation is a decline in the value of money in relation to the goods that it can buy and is a pervasive economic phenomenon. It is so pervasive that it is very difficult to compare this year’s prices to last year’s, much less compare prices over decades. Here is a graph of the buying power of $1.00 since 1938: . Section 118. Özlem. . Elgün. Loans and Credit . Cards. What kind of loans do you have?. Car loan. Student Loan. Mortgage. Second Mortgage. Credit Card. Loan Types. Fixed rate, fixed duration. Balloon loans . LSP 120: Quantitative Reasoning and Technological Literacy Section 118 Özlem Elgün Loans and Credit Cards What kind of loans do you have? Car loan Student Loan Mortgage Second Mortgage Credit Card LSP 120: Quantitative Reasoning and Technological Literacy Section 118 Özlem Elgün Solving for the rate (percent change) Solving for the initial value (a.k.a. old value, reference value) Solving for time (using logarithms) Presented by Dr. John Willems. Sponsored . by the Committee for the Assessment of Student . Learning (CASL). How does EIU measure up?. CLA+ RESULTS – Quantitative Reasoning: In AY 2018, CASL administered the CLA+ exam to 84 freshmen and 89 senior students. The mean score in quantitative reasoning for EIU freshmen was 67 points lower than the National Average for freshmen while the mean scores for EIU seniors was 27 points lower than the National Average for seniors Although there is a much larger gain of 87 made by EIU seniors than the National Average gain of 47, EIU seniors still graduate with significantly less skill in this area than the national average. .