Basic mathematical concepts of Managerial Economics, a way of quantitatively analyzing and structuring the making of a business decision, are presented. Advantages and disadvantages of its use in business are discussed and several recent applications are given. (DT)

The author suggests several problems which can be investigated by beginning statistics students. All the problems discussed arise from the game Bingo. (SD)

The possibility of non-transitivity of preference choices is discussed. One example each from voting and from sports demonstrate some conditions where transitivity does not hold. Suggestions are made for using this type of problem in the classroom. (LS)

This two-volume set is a self-help student text designed as an alternative to the standard algebra text. Each lesson is introduced by and centered around an application of the topic under discussion. For each lesson, questions are given covering the reading, testing understanding of the reading, and for discussion. Some sections contain questions…

This is volume three of a three-volume SMSG junior high school mathematics text. This volume includes the units concerned with applications of mathematics. Unit topics include: (1) what is mathematics and why you need to know it; (2) mathematics at work in science; (3) Uncle Sam as a statistician; and (4) chance. (MP)

Part of a series of four pamphlets providing problems in probability and statistics taken from real-life situations, this booklet develops probability methods through random numbers, simulations, and simple probability models, and presents the idea of scatter and residuals for analyzing complex data. The pamphlet was designed for a student having…

The teacher's guide for Unit 14 of this SMSG series covers the chapter on logic and the chapter on applications of probability and statistics. The overall purpose for each of the chapters is described, the prerequisite knowledge needed by students is specified, the mathematical development of each chapter is detailed, behavioral objectives are…

Annual records of the one-mile sun can be used to introduce a variety of statistical ideas including the scatter diagram, theoretical vs. observed values, and normal equations. (SD)

Activities in which the claims of psychics are evaluated can be used in probability classes. (SD)

Arguing that the teaching of stochastic processes should reflect the experience and reality of the student, the author urges concentration on fundamental ideas. The development of intuition should be encouraged, and to this end continuity in teaching and a spiralled curriculum are important. (SD)