DETAILED LESSON PLAN IN STATISTICS & PROBABILITY GRADE LEVEL 11 QUARTER / DOMAIN ______3_____ WEEK & DAY NO. 02-13-2020 PAGE NO. ___ I. OBJECTIVES A. Content Standards B. Performance Standards C. Learning Competencies/ Objectives (Write the LC code) II. CONTENT The Learners demonstrate an understanding of the different measures of variation. The Learners should be able to use appropriate measures of variation in describing data. 1. Calculate some measures of dispersion. Knowledge: Think of the strengths and limitations of the different measures of dispersion. Skills: Provide a sound interpretation of these measures. Attitudes: Display creativity in interpreting these measures. A. Topic: Exploring data B. Concept: Measures of Variation or Dispersion. C. Local Heritage Theme: Flora and Fauna D. Integration: Economics, ICT III. LEARNING RESOURCES A. References 1. Teacher’s Guide pages 2. Learner’s Materials pages 3. Textbook pages TG pp 73. o Introduction to Statistics by Ronald E. Walpole 4. Additional Materials from Learning Resource (LR) portal B. Other Learning Resources IV. PROCEDURES A. B. Reviewing previous lesson or presenting the new lesson Establishing a purpose for the lesson ELICIT Review: Measures of Central Tendency – Mean, Median, Mode. ENGAGE Do you give more importance of thinking about your own future? Of saving and of wealth generation? - Traditional saving methods Piggy bank, bamboo savings, C. Presenting examples/instances of the new lesson - Financial institutions (E.g. Banking institutions, Stock Market). - Explain that a number of people invest money into the stock market as an alternative financial instrument to generate wealth from savings. Explanatory Note: Stocks are shares of ownership in a company. When people buy stocks, they become part owners of the company, whether in terms of profits or losses of the company. DETAILED LESSON PLAN IN STATISTICS & PROBABILITY GRADE LEVEL 11 QUARTER / DOMAIN ______3_____ WEEK & DAY NO. 02-13-2020 PAGE NO. ___ The history of performance of a particular stock maybe a useful guide to what may be expected of its performance in the near future. This is of course, an excessively big assumption, but we have to assume it anyway. D. Discussing new concepts and practicing new skills #1 EXPLORE The Case of the Returns of Stocks Direction: Provide the following data to students representing the rates of return for two stocks, which we will call Stock A and Stock B. Year Stock A Stock B Year Stock A Stock B 2005 0.081 0.214 2010 0.214 0.081 2006 0.231 0.193 2011 0.193 0.181 2007 0.214 0.132 2012 0.133 0.230 2008 0.214 0.073 2013 0.071 0.214 2009 0.181 0.066 2014 0.066 0.241 Rate of Return – defined as the increase in value of the portfolio (including any dividends or other distributions) during the year divided by its value at the beginning of the year. E. Discussing new concepts and practicing new skills #2 Example: if the parents of Juana dela Cruz invests 50,000 pesos in a stock at the beginning of the year, and the value of the stock goes up to 60,000 pesos, thus having an increase in value of 10,000 pesos, then the rate of return here is: 10,000 = 0.20 50,000 The rate of return may be positive or negative. It represents the fraction by which your wealth would have changed had it been invested in that particular combination of securities. Group 1. Compute some measures of Central Tendency (Min, Max, Mean, Median, Mode) that we learned in previous lessons to describe the data given above. Group 2. Also using Microsoft Excel, create a line graph showing the trend of the rates of return between Stock A and Stock B. F. Developing mastery (leads to Formative Assessment #3) EXPLAIN 1. What can you observed from the computed summary statistics? 2. How about the trends and actual values of the rate of returns for the two stocks? 3. What does this observation tells us? DETAILED LESSON PLAN IN STATISTICS & PROBABILITY GRADE LEVEL 11 QUARTER / DOMAIN ______3_____ WEEK & DAY NO. 02-13-2020 PAGE NO. ___ Note: Such observation tells us that it is not enough to simply use measures of location or central tendency to describe a data set. We need additional measures such as measures of variation or dispersion to describe further the data sets. G. Finding practical applications of concepts and skills in daily living H. Making generalizations and abstractions about the lesson I. Evaluating learning Elaborate Types of measures of variability or dispersion a. Absolute measure of dispersion - provides a measure of variability of observations or values within a data set. i. Range, ii. Inter-quartile range iii. Variance iv. Standard deviation b. Relative Measure of dispersion – is used to compare variability of data sets of different variables or variables measured in different units of measurement. 1. Coefficient of variation (CV) Application: 1. The foreign exchange rate is an indicator of the stability of the peso and is also an indicator of the economic performance. In 1992 Bangko Sentral ng Pilipinas (BSP) put the peso on a floating rate basis. Market forces and not government policy have determined the level of the peso since. Government intervenes through the BSP, only when there are speculative elements in the market. Given below are the means and standard deviations of the quarterly P-$ exchange rate for the periods 1989 to 1991 and 1992 to 1994. Which of the two periods is more stable? Year Mean Standard Deviation 1989 – 1991 22.4 1.84 1992 – 1994 26.4 1.15 EVALUATE 1. The grade-point averages of 10 college seniors selected at random from the graduating class are as follows: 3.2 1.9 2.7 2.4 2.8 2.9 3.8 3.0 2.5 3.3 i. J. Additional activities for application or remediation Find the standard deviation. EXTEND 1. Three hundred students taking a basic course in Statistics are given similar final examination. After checking the papers and while the professor is studying the distribution of the final examination scores, he taught of several scenarios which are described below: i. Suppose the professor will give 30% weight to the final examination, what effect would multiplying 30% on all the final scores have on the mean of the final exam scores? On the standard deviation of the final exam scores? ii. Suppose the professor wants to bloat the final examination scores, what will be the effect to the mean of the final DETAILED LESSON PLAN IN STATISTICS & PROBABILITY GRADE LEVEL 11 QUARTER / DOMAIN ______3_____ WEEK & DAY NO. 02-13-2020 PAGE NO. ___ exam scores if 5 points will be added to each of the final score? On the standard deviation of the final exam scores? 2. Determine which of the following statements is (are) TRUE or FALSE. Explain briefly your answer. a. If each observation in a data set is doubled, then the standard deviation would also be doubled. b. If in a set of data, positive numbers are changed to negative, while negative are changed to positive, then the standard deviation changes its sign as well. V. REMARKS VI. REFLECTION A. No. of learners who earned 80% in the evaluation B. No. of learners who require additional activities for remediation C. Did the remedial lessons work? No. of learners who have caught up with the lesson D. No. of learners who continue to require remediation E. Which of my teaching strategies worked well? Why did these work? F. What difficulties did I encounter which my principal or supervisor can help me solve? G. What innovation or localized materials did I use/discover which I wish to share with other teachers? PREPARED BY: ALDRIN C. DELA CRUZ Special Science Teacher I NOTED BY: NELSON M. PAYOT, DEV. ED. D. Principal I