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http://dx.doi.org/10.5351/KJAS.2002.15.1.153

Use of MonteCarlo Simulation for More Effective Teaching of Business Statistics  

김영일 (중앙대학교 정보시스템학과)
안철환 (세종대학교 응용수학과)
Publication Information
The Korean Journal of Applied Statistics / v.15, no.1, 2002 , pp. 153-163 More about this Journal
Abstract
There seems to be a little trouble in delivering an effective teaching of statistics at the school of Business. Students attitude toward the understanding of mathematics appears to be one of the hindrances encountered to the wide spread use of statistics. Nevertheless, the usefulness of statistics is notably appreciated these days although students may not be aware of it. It is true that many processes of decision-making are based on various future uncertainties, however, decisions must be made at the present. In this synopsis, we would like to solve simple business problems, thereby, suggest more constructive ways to match the statistics with the interest of management. We, in the mean time, will talk about the understanding of business, method of teaching, and Monte Carlo education.
Keywords
MonteCarlo Simulation; FLC; MonteCarlo Simulation; Spreadsheet;
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