Introduction
Today, we have found that the cost of living is rising while the pay increases may or may not be keeping up.
Looking at the Social Security’s Average Wage Index (https://www.ssa.gov/oact/cola/awidevelop.html) for the years 2018 – 2022 we can glean some very interesting information.
For this project, you will research salary information for your chosen profession from the internet.
You will then use this information to predict the salary growth of your profession and compare it to the national average.
This project relates to the following course objectives:
- Judge the reasonableness of results using estimation, logical processes, and a proper understanding of quantity.
- Identify, interpret, and compare linear and exponential rates of growth to make predictions and informed decisions based on data and graphs.
- Describe, analyze, and interpret statistical information such as graphs, tables, and summarized data to draw appropriate conclusions when presented with actual statistical studies.
- Analyze civic and/or societal issues and critique decisions using relevant mathematics.
The Assignment
(1.) Research your chosen career’s average salary for the years 2018 through 2022.
- You may use AI such as ChatGPT to find these but be sure to fact-check the sources that the AI gives you to ensure credibility.
- If you decide to use ChatGPT, you may use a prompt such as “What is the median software engineer salary for each year between 2018 and 2022, with references?” Replace “software engineer” with your chosen career.
(2.) Be sure to cite all sources.
- Information about citing AI can be found at https://style.mla.org/citing-generative-ai/.
(3.) Answer the six questions on the attached document below
(4.) Type or write out your answers and upload your responses as either a Word Document or PDF file.
- NO HEIC files
- NO Google Doc files or Apple Pages files
**Additional information about "The Assignment"
(A.) Grading Criteria
- Projects are worth 20% of your overall course grade.
- This assignment will be used by FTCC to assess your Quantitative Literacy skills.
- The rubric used by FTCC to assess these skills is attached below for your reference.
- The rubric for this course will be based on completeness and correctness of calculations.
- You can view that rubric by clicking on the link to the right.
Individual notes and online research are allowed and encouraged.