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Math Videos 43 videos

Math 5: Researching Business Needs
11 Views

Want to start your own business one day? Then this video is a must-watch. If you're just planning to keep working at Wendy's forever, then move along.

Math 5: What is Profit?
22 Views

If you know your earnings, and you know how much you've spent, how do you calculate your profit? That's right - you hire an accountant. (Or, if you...

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Math 5: A Look Back 5 Views


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Description:

We've learned that starting a business is as easy as 1-2-3... 4-5... and there's also some subtraction and multiplication in there, and you've got to be kind of careful about all your measurements and everything.

Language:
English Language

Transcript

00:04

[Dino and Coop singing]

00:14

Guess what, y'all?

00:15

It's time for a walk down memory lane. [Students sitting in a classroom]

00:17

Lace up your walking shoes!

00:19

…No seriously, c'mon.

00:20

We planned the trail and everything.

00:21

This is going to be exhausting.

00:23

Maybe bring trail mix, or something… [Students preparing for a hike]

00:25

So!

00:26

First stop?

00:27

Businesses.

00:28

We've learned lots about businesses, starting with the ever-important question: what sort

00:31

of business would you actually want to start? [Children walking together trying to think of a business idea]

00:33

Starting a business is a huge investment of both time and money, so you definitely want

00:37

it to be something you care about, and that'll turn a profit. [Woman holding a wad of cash and a clock]

00:41

So maybe a candy store…

00:42

…instead of a business that shoves piles of mud into envelopes.

00:45

We also saw how different kinds of math visualizations tie into the business world.

00:50

Whether you're using 2-D shapes to design logos and T-shirts… [2D shapes drawn on graph paper]

00:53

…using line plots to gather data on T-shirt sizes…

00:56

…or calculating distances on a coordinate system to figure out your commute, the visual [Coordinate system showing the distance of various places]

01:00

parts of math can be great help in the world of business.

01:03

Just make sure you don't do those distance calculations in the middle of your commute. [Boy doing math calculations whilst driving and crashing]

01:07

Sometimes road safety's a bit more important than math.

01:10

We also learned the importance of decimals and fractions, whether we're using them to

01:14

calculate gas prices… [Gas price at the pump rising]

01:15

…and design our dream office down to the nearest eighth of an inch.

01:19

Because if our office was just half an inch too small, our dreams would totally be shattered. [Olive crying because her office is slightly too small]

01:25

We got into the nitty-gritty of business numbers.

01:27

Not only did we learn about the most important equations in business (Profits = Sales – Expenses)…

01:32

…but we also saw how this equation had effects on how much we charge customers… [Boy at a lemonade stand selling people drinks]

01:37

…how we make marketing plans and solicit investors…

01:40

…and how we make profit predictions, and calculate future profits.

01:44

Luckily, you didn't have to do it alone, since we also learned about a bunch of mathematical [A tool box opening]

01:48

tools that help you with these tasks…

01:51

…including expressions, the order of operations, and the multiplication and division of fractions

01:55

and whole numbers.

01:56

As helpful as these mathematical concepts are, they can't go out on a coffee run for [order of operations picking up coffee]

02:01

you.

02:02

You'll need an intern for that.

02:03

It didn't take long for us to see that this was a lot of material to get our heads around…[Students frightened at the math material to learn]

02:07

…so we also learned how to write up plan books: handy tools to walk us through all

02:11

the steps of planning out our business.

02:12

Now if only we had a handy tool to help us remember how to get home from this hike… [Students trying to find a way home from hiking]

02:17

Seriously, where are we….?

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