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Topic: M3 Challenge: Teens ask: will the stimulus act work?
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Jessica Stephenson

Posts: 40
Registered: 1/23/08
M3 Challenge: Teens ask: will the stimulus act work?
Posted: Apr 6, 2009 5:48 PM
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Moody's Mega Math Challenge/SIAM

Contact:
Jessica Stephenson
267-350-6383
Stephenson@siam.org

April 4, 2009

FOR IMMEDIATE RELEASE

Teens ask: will the stimulus act work?
High school students evaluate legislation using math, contend for
scholarship prizes

The current economic crisis provides natural discussion topics for high
school economics and social studies classes-but math class? Absolutely!

This year's Moody's Mega Math Challenge problem, "$787 Billion: Will the
Stimulus Act Stimulate the U.S. Economy?" asked high school students to
identify and mathematically assess the parts of the stimulus package
most likely to produce the greatest improvements in employment and the
time frame over which this effect would take place. They also had to
quantify their findings using mathematical modeling and quantitative
analysis techniques, develop and defend their models, and justify their
conclusions.

"That teams of three to five students were able to make so much progress
on this exceptionally daunting problem and in just 14 hours is a
testament to the quality of our high school students and their
teachers," said Lee Seitelman, professional consultant and Director of
Judging for the Challenge. "This is especially true given the fact that
the brightest minds in our country are grappling over these same issues
at this very moment."

Close to 400 teams submitted viable solution papers on Challenge
weekend, March 7-8. "The quality of the papers was excellent," said Ben
Fusaro, M3 Challenge consultant and Head Judge. "The judges thought the
solutions were exceptional considering that the authors are high school
juniors and seniors."

After undergoing an extensive judging process during the past month, the
following teams (listed alphabetically) were selected to contend for the
top six awards ranging from $2,500 to $20,000:

Bergen County Academies, Team #119, Hackensack, New Jersey
Elk County Catholic High School, Team #290, Saint Marys, Pennsylvania
High Technology High School, Team #58, Lincroft, New Jersey
Staples High School, Team #143, Westport, Connecticut
The Wheeler School, Team #128, Providence, Rhode Island
West Windsor-Plainsboro High School North, Team #57, Plainsboro, New
Jersey

These top teams will make formal presentations at the Moody's
Corporation headquarters in Manhattan on May 5, when the judges learn
for the first time the identities of the students and the schools they
represent. Each team will have 15 minutes to present its solution paper
and answer questions from the judges, who will then deliberate one last
time and rank the teams in the final winning order. Following this
deliberation, The Moody's Foundation, which funds the Challenge, will
announce the winners and award the scholarship prizes.

In addition, teams representing the following 17 schools will be awarded
Honorable Mention Team Prizes of $1,000 each:

Academy for the Advancement of Science and Technology, Team #11,
Hackensack, New Jersey
East Greenwich High School, Team #204, East Greenwich, Rhode Island
High Technology High School, Team # 126, Lincroft, New Jersey
Hunterdon Central Regional High School, Team #211, Flemington, New
Jersey
J.R. Masterman Demonstration School, Team #92, Philadelphia,
Pennsylvania
Kinnelon High School, Team #173, Kinnelon, New Jersey
McQuaid Jesuit, Team #469, Rochester, New York
Montgomery Blair High School, Team #251, Silver Spring, Maryland
Needham High School, Team #410, Needham, Massachusetts
New Canaan High School, Team #322, New Canaan, Connecticut
Shrewsbury High School, Team #228, Shrewsbury, Massachusetts
St. Joseph High School, Team #163, Metuchen, New Jersey
Stuyvesant High School, Team #293, New York, New York
Summit High School, Team #222, Summit, New Jersey
The Family Foundation School, Team #239, Hancock, New York
The Lawrenceville School, Team #253, Lawrenceville, New Jersey
Valley Regional High School, Team #6, Deep River, Connecticut

Teams were required to evaluate whether or not the American Recovery and
Reinvestment Act of 2009 that President Obama signed into law in
February will in fact stimulate the economy. The problem called for
student teams to mathematically assess the elements of the stimulus
package and quantify their findings using mathematical modeling
techniques, develop and defend their models, and justify their
conclusions. They also had to gauge how quickly elements of the stimulus
package might generate results, to ascertain how they will know if the
package is working, and to indicate a confidence level in their
predictions. Additionally, they were asked to discuss whether a second
stimulus package would be needed, and if so, how large it should be and
how it should be structured. Finally, they were challenged to propose
other, better ways to stimulate the economy and increase U.S.
employment.

"The Challenge has a reputation for posing problems that are both
current and engaging and this year's topic is especially timely and
interesting," said Michelle Montgomery, Project Director. "As in
previous years, the problem is open-ended and based on a real-world
application of mathematics. It does not have an exact or uniquely
correct solution."

Judging for the Challenge is rigorous, meticulous, and impartial. There
are no passing grades and numerical scores are not assigned. More than
three-dozen Ph.D.-level applied mathematicians came together during
March and early April to judge the competition, reaching a consensus on
the 23 winning teams based on the creativity and quality of the papers'
assumptions, math model, testing methodology, and summary.

"Several outstanding papers rose to the top during the judging this
year, yielding clear winners," said James M. Crowley, Executive Director
of the Society for Industrial and Applied Mathematics (SIAM), which
organizes the competition. "Successful teams build models and do careful
quantitative analysis while developing a well-organized solution paper
that clearly explains their results. The top papers won because they
attacked this year's Challenge problem using creative ideas based on
sound mathematics, and they presented their solution in a clear and
cohesive way."

To see the 2009 Challenge problem visit
http://m3challenge.siam.org/login/login.php.

To see if your local high school participated in the M3 Challenge go to
http://m3challenge.siam.org/pdf/2009_partic.pdf.

For more information on the Challenge, visit http://m3challenge.siam.org
<http://m3challenge.siam.org/> .

###

About the Challenge
Moody's Mega Math Challenge spotlights applied mathematics as a powerful
problem-solving tool, as a viable and exciting profession, and as a
vital contributor to advances in an increasingly technical society.
Scholarship prizes total $80,000 in 2009. The Challenge is entirely
Internet-based and there are no entrance or participation fees. Each
high school may enter up to two teams of three to five students each.
Students choose which day they wish to work on Challenge weekend and
have 14 hours to solve an open-ended, realistic, applied math-modeling
problem focused on real-world issues. Teams can work from any location
they choose and can use any free and publicly available resources, but
they may not discuss any aspect of the problem with, or seek help from,
their coach or anyone other than their teammates. Complete details,
sample problems, and archives of previous winners and Challenge events
are available at http://m3challenge.siam.org
<http://m3challenge.siam.org/> .

Awards and Recognition: 2009 ASAE Associations Advance America (AAA)
Award of Excellence
<http://m3challenge.siam.org/media_center.php?id=1505> ; 2008 Excellence
Award, <http://m3challenge.siam.org/media_center.php?id=1283> Committee
Encouraging Corporate Philanthropy (CECP)

About the Sponsor
The Moody's Foundation is a charitable organization dedicated to
supporting a variety of nonprofit education, health and human services,
civic, and arts and culture programs. Established by Moody's Corporation
in 2001, the Foundation's primary area of giving is secondary and higher
education with a focus on mathematics, economics and finance. Further
information is available at http://philanthropy.moodys.com
<http://philanthropy.moodys.com/> .

Moody's Corporation (NYSE: MCO), an essential component of the global
capital markets, provides credit ratings, research, tools and analysis
that contribute to stable, transparent and integrated financial markets.
Moody's Corporation is the parent company of Moody's Investors Service
and Moody's Analytics, encompassing Moody's non-ratings businesses. With
revenues of $2.3 billion in 2007, Moody's employs approximately 3,600
people worldwide and maintains a presence in 27 countries. Further
information is available at www.moodys.com <http://www.moodys.com/> .

About the Organizer
The Society for Industrial and Applied Mathematics (SIAM), headquartered
in Philadelphia, PA, is an international society of over 12,000
individual members. These include applied and computational
mathematicians and computer scientists, as well as other scientists and
engineers. Members are researchers, educators, students, and
practitioners from 85 countries in industry, government, laboratories,
and academia. The Society, which also includes nearly 500 academic and
corporate institutional members, serves and advances the disciplines of
applied mathematics and computational science by publishing a variety of
books and prestigious peer-reviewed research journals, by conducting
conferences, and by hosting activity groups in various areas of
mathematics. SIAM provides many opportunities for students including
regional sections and student chapters. Further information is available
at www.siam.org <http://m3challenge.siam.org/> .






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