The price is right again
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Authors
Burks, Robert E.
Jaye, Michael J.
Subjects
discrete probability distribution
binomial
binomial
Advisors
Date of Issue
2012
Date
Publisher
American Statistical Association
Language
Abstract
The Price is Right (TPIR) provides a wealth of material for studying statistics at various levels of mathematical sophistication. The authors have used elements of this show to motivate students from undergraduate probability and statistics courses to graduate level executive management courses. The material consistently generates a high degree of student engagement and lively discussion. This paper describes one classroom activity to help reinforce basic probability and statistics concepts and their potential use in decision making.
Type
Article
Description
Series/Report No
Department
Operations Research
Organization
Naval Postgraduate School (U.S.)
Identifiers
NPS Report Number
Sponsors
Funder
Format
Citation
Journal of Statistics Education, v. 20, no.2 (2012), pp. 1-16.
Distribution Statement
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.