Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Macroeconomics Expert

Problem: The goal of any mathematics course is to introduce you to a variety of methods used to solve real-world problems. In this way, you are able to practice solving problems and, along the way, improve your critical thinking skills.

It may seem that solving a mathematical problem involves nothing more than knowing the right formula and following the correct steps. However, that is only part of the process. Solving problems are more of an art than a science which means that human intuition and imagination play an extremely important role in the process. Through these human abilities, we link experience to knowledge and skills resulting in a synergy that leads to a solution.

In 1945, mathematician George Polya (1887-1985) published a book titled How To Solve It in which he demonstrated his approach to solving problems. Here are his principles of problem solving:

Polya's First Principle: Understand the Problem

To solve a problem, you have to understand the problem.

  • Do you understand all the words used in stating the problem?
  • What is the problem looking for?
  • What data or information has been provided in the problem?
  • Are there any special conditions mentioned in the problem that we need to consider in the solution?
  • Can you restate the problem in your own words?
  • Can you draw a picture or make a diagram that could help you solve the problem?
  • Is there enough information in the problem to help you find a solution? 

Polya's Second Principle: Devise A Plan

There are many different ways to solve a problem.  The way you choose is based on your own creativity, a level of knowledge, and skills. Basically, solving the problem involves finding the connections that exist between the data you've been provided and the unknown you need to find.

Here is the assignment:

Think of a problem that involved several steps that you had to follow to reach a solution.  If you can't think of a problem, look at any of the problems in Chapter 1 in the book and pick one that you can explore here.

Prepare a 200-300 word multiple paragraph response defining the problem and the steps needed to reach a solution. 

Then in your responses to at least two classmates, address the following items:

  1. Comment on the problems they demonstrated and the steps they employed to reach solutions.  
  2. What would you have done the same or different?  
  3. Do you agree with the solution?  
  4. Can you suggest a different approach to solving the same problem?

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M91809594
  • Price:- $30

Priced at Now at $30, Verified Solution

Have any Question?


Related Questions in Macroeconomics

Please answer the following four discussion questions1

Please Answer The Following Four Discussion Questions 1. Explain four types of unemployment 2. Explain the advantages and disadvantages of: (a) A flexible exchange rate regime (b) A fixed exchange rate regime 3. Suppose ...

Question are shareholders residual claimants in a publicly

Question: Are shareholders residual claimants in a publicly traded corporation? Why or why not? In some industries, like hospitals, for-profit producers compete with nonprofit ones. Who is the residual claimant in a nonp ...

Question suppose us college students studying in france

Question: Suppose US college students, studying in France during the summer term, wish to remain in the country an extra two weeks and purchase train on the Indian Pacific rail line tickets in order to travel from Sydney ...

Question - the supply and demand curves for a given

Question - The supply and demand curves for a given commodity are given by S(p) = 0.02(1 + p) 2 and D(p) = 10e -0.02 p where S(p) and D(p) are quantities and the price p is measured in dollars. Use the Malaren's series e ...

Question janes juice bar has the following cost schedules

Question: Jane's juice bar has the following cost schedules: quantity variable cost total cost 0 vats of juice 0 30 1 10 40 2 25 55 3 45 75 4 70 100 5 100 130 6 135 165 a. calculate average variable cost, average toal co ...

Question - a a firm producing two products x and y where x

Question - a. A firm producing two products X and Y where x and y are the quantity of product X and Y produced respectively. If the firm produces on the same isocost and has a fixed cost of $1000. Given the marginal cost ...

Question draw the supply and demand diagram for reserves

Question: Draw the supply and demand diagram for reserves with the curves intersecting on the downward sloping part of the demand curve - diagram A. Draw a second graph with the intersection taking place on the horizonta ...

Question tara is considering leaving her current job which

Question: Tara is considering leaving her current job, which pays $56,000 per year, to start a new company that manufactures a line of special pens for personal digital assistants. Based on market research, she can sell ...

Question when using ols we assume that the errors are

Question: When using OLS, we assume that the errors are independent (i.e., not serially correlated) and normally distributed with constant variance (i.e., homoscedastic). These assumptions allow us to use the F and t dis ...

Question 1 graphically illustrate the minimum wage note

Question: 1) Graphically illustrate the minimum wage. Note the deadweight (welfare loss) loss and the loss or redistribution from job search. 2) Assume that you have two periods: 2011 and 2012 for a pickup truck. Price 2 ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As