Students do you want to run your own
business and make money !
How about selling Lemonade? In this lesson
you will set up a virtual lemonade stand. Each of you will start the game with
$20 USD. Each day, you must decide how many cups of lemonade to prepare, select
the ingredients, and decide how much money to charge for each cup. You will have
to base your decisions on production costs and the weather forecast (which
sometimes is inaccurate). The game simulates customer behavior. You will record
your decisions and outcomes in a Microsoft Office Excel spreadsheet. After 10
days, of running the Lemonade Stall we will find out who has made a profit.
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Student Directions for
Making Money from Lemons
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Open Internet Explorer and go to
the website:http://www.coolmath-games.com/lemonade/
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Open your
Excel data sheet ( Right click and
save in your folder) for recording your information.
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Before you begin your actual data
collection, you might want to experiment with how the lemonade stand runs
for a few days. Once you are ready, click on the “Bankrupt!” button to see
your results and start the game over.
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Record all the decisions you are
making in your excel sheet. Also record your results.
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Run your stand and record your data
for 10 days.
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After the 10th day,
click on the “Bankrupt!” button to see your final results. Did you make a
profit?
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Save your Excel data sheet and open
up a Microsoft Word document. Write the answers to the following questions:
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How did you do? Do you think
your lemonade stand was successful?
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What did you learn from playing
the game?
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Looking over your data, do you
see any patterns?
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What advice would you give
someone who wants to be successful at playing the game?
Lesson adapted from
http://www.microsoft.com/education/makingmoney.mspx#EIF
Hallett Cove South Primary
School
E-mail to Darrin Briggs
dbriggs@hcsps.sa.edu.au
ICT Coordinator April
2007