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ERIC Number: EJ1365459
Record Type: Journal
Publication Date: 2022
Pages: 7
Abstractor: As Provided
ISBN: N/A
ISSN: ISSN-0883-2323
EISSN: EISSN-1940-3356
A Three Question Math Quiz: Who Is Ready to Learn Finance?
Ross, Matthew M.; Wright, A. Michelle
Journal of Education for Business, v97 n7 p445-451 2022
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.
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Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A