Students in an introductory statistics course are often preoccupied with learning the computational routines of specific summary statistics and thereby fail to develop an understanding of the meaning of those statistics or their conceptual basis. To help students develop a better understanding of the meaning of three frequently used statistics,…

Monte Carlo simulation is a computer modeling procedure for mimicking observations on a random variable. A random number generator is used in generating the outcome for the events that are being modeled. The simulation can be used to obtain results that otherwise require extensive testing or complicated computations. This paper describes how Monte…