The Lemonade Stand Game at https:// www.hoodamath.com/games/lemonadestand.html 

 

will let you play ten days in a set, which we will call a "WEEK ." YOU play the game for a few "WEEKS" on *** MEDIUM *** setting to get a feel for what is possible. 

 

the game does not provide any summary other than your profit, so you may want to write down the number of pitchers you produced each day and the number of cups you sold each day. This will allow you to review the details of your results before setting a budget.

THEN, provide four things:

 

(1) a SINGLE PRICE (between $0.30 and $2.00, inclusive) to charge customers

(2) the NUMBER OF CUPS you expect me to SELL in a "WEEK" (ten days)

(3) the NUMBER OF CUPS you want me to PRODUCE in a "WEEK" (ten days; this NUMBER OF CUPS PRODUCED MUST be a multiple of 7, as it is not possible in the game to produce increments smaller than a pitcher containing seven cups)

(4) the projected PROFIT for a "WEEK" using the numbers in your budget [The formula is PRICE times CUPS SOLD for the "WEEK" minus ((CUPS PRODUCED for the "WEEK" divided by 7) times $2.00)].

ALSO, Estimate the probability that I will be able to achieve the budget you set. In other words, based on your experience with the game, is your budget easy or difficult? Explain why you chose the budget levels you established.