A Three Question Math Quiz: Who Is Ready to Learn Finance?

Autor/inn/en	Ross, Matthew M.; Wright, A. Michelle
Titel	A Three Question Math Quiz: Who Is Ready to Learn Finance?
Quelle	In: Journal of Education for Business, 97 (2022) 7, S.445-451 (7 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Zusatzinformation	ORCID (Ross, Matthew M.) ORCID (Wright, A. Michelle)
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0883-2323
DOI	10.1080/08832323.2021.1976713
Schlagwörter	Mathematics Tests; Markov Processes; Monte Carlo Methods; Introductory Courses; Finance Occupations; Undergraduate Students; Teaching Methods; Prediction; Mathematics Skills; State Universities; Grading; Assignments; Test Items; Item Response Theory; Business Administration Education + Suchen Sie Ihr Suchwort? Markowscher Prozess; Monte-Carlo-Methode; Einführungskurs; Finanzbuchhalter; Teaching method; Lehrmethode; Unterrichtsmethode; Vorhersage; Mathmatics achievement; Mathematics ability; Mathematische Kompetenz; Staatliche Universität; Notengebung; Schulnote; Assignment; Auftrag; Zuweisung; Test content; Testaufgabe; Item-Response-Theorie
Abstract	We use Markov chain Monte Carlo (MCMC) analysis to construct a three-question math quiz to assess key skills needed for introductory finance. We begin with data collected from a ten-question criterion-referenced math quiz given to 314 undergraduates on the first day of class. MCMC indicates the top three questions for predicting overall course performance. This brief assessment explains approximately 10% of the variance in undergraduate introductory course performance. The quiz holds potential within the classroom for students, instructors, and university administration to better identify math skill deficiencies relevant to finance. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01