Description
Students could have a competitive edge over new graduates and experienced employees if they know how to apply statistical analysis skills to real-world, decision-making problems. To help students achieve this advantage, Business Statistics uses a direct approach that consistently presents concepts and techniques in way that benefits students of all mathematical backgrounds. This text also contains engaging business examples to show the relevance of business statistics in action.
New to this Edition
Textual examples: More than 50 new examples throughout the text provide step-by-step details, enabling students to follow solution techniques easily. Students can then apply the methodology from each example to solve other problems. These examples are provided in addition to the vast array of business applications to give students a real-world, competitive edge. Featured companies in these new examples include Dove Shampoo and Soap, The Frito-Lay Company, Goodyear Tire Company, Lockheed Martin Corporation, the National Federation of Independent Business, Oakland Raiders NFL Football, Southwest Airlines, and Whole Foods Grocery.
Provide students with immediate feedback and built in tutorials-MyStatLab.
This book-specific, online homework and assessment tool provides a rich and flexible set of course materials, featuring free-response exercises that are algorithmically generated for unlimited practice and mastery. Students can also use a variety of online tools to independently improve their understanding and performance in the course. Instructors can use MyStatLab's homework and test manager to select and assign their own online exercises and import TestGen tests for added flexibility.
Help visual learners see the outcome-Visual Summaries.
Each main heading in this text is summarized using a flow diagram, which reminds students of the intended outcomes and leads them to the chapter's conclusion.
Help students prepare for the material-Quick Prep Links.
Quick Prep Links appear at the beginning of each chapter and supply students with several ways to prepare for the key topics that will be discussed in the reading.
Show students how to complete problems-Textual Examples and How To Do It
* How To Do It lists are provided throughout each chapter to summarize major techniques and reinforce fundamental concepts.
* Textual Examples appear throughout the text and provide step-by-step details enabling students to easily follow solution techniques. Students can then apply the methodology in these examples to solve other problems.
Table of Contents Chapter 1: The Where, Why, and How of Data Collection Chapter 2: Graphs, Charts, and Tables-Describing Your Data Chapter 3: Describing Data Using Numerical Measures Chapters 1-3Special Review Section Chapter 4: Introduction to Chapter 5: Discrete Probability Distributions Chapter 6: Introduction to Continuous Probability Distributions Chapter 7: Introduction to Sampling Distributions Chapter 8: Estimating Single Population Parameters Chapter 9: Introduction to Hypothesis Testing Chapter 10: Estimation and Hypothesis Testing for Two Population Parameters Chapter 11: Hypothesis Tests and Estimation for Population Variances Chapter 12: Analysis of Variance Chapters 8-12 Special Review Section Chapter 13: Goodness-of-Fit Tests and Contingency Analysis Chapter 14: Introduction to Linear Regression and Correlation Analysis Chapter 15: Multiple Regression Analysis and Model Building Chapter 16: Analyzing and Forecasting Time-Series Data Chapter 17: Introduction to Nonparametric Statistics Chapter 18: Introduction to Quality and Statistical Process Control