Applied Business Statistics 5e

Applied Business Statistics 5e is an introductory and intermediate Statistics text for students of Management. Its business applications-oriented approach aims to teach Management students how statistics (or data analytics) can be used as a valuable decision-support tool in any discipline of management practice.

Empowering management students with statistical decision-making skills, this text instructs on how to become active participants where statistical findings are reported. Descriptions are provided of the vast role that statistics play in fields such as marketing, finance, human resources, production, and logistics. Rather than being a passive observer, this guide educates the meaning behind the numbers that allow those in business situations to be informed members of the decision-making process.

David Doane offers an Excel focused approach to using statistics in business. All statistical concepts are illustrated with applied examples immediately upon introduction.

Essentials of Inferential Statistics, fourth edition is appropriate for a one semester first course in Applied Statistics or as a reference book for practicing researchers in a wide variety of disciplines, including medicine, natural and social sciences, law, and engineering. Most importantly, this practical book thoroughly describes the Bayesian principles necessary for applied clinical research and strategic interaction, which are frequently omitted in other texts. After a comprehensive treatment of probability theory concepts, theorems, and some basic proofs, this laconically written text illustrates sampling distributions and their importance in estimation for the purpose of statistical inference. The book then shifts its focus to the essentials associated with confidence intervals, and hypothesis testing for major population parameters, namely, the population mean, population variance, and population proportion. In addition, it thoroughly describes the basics of correlation and simple linear regression as well as non-parametric statistics.

The fifth edition of the book Business Statistics will provide readers an understanding of problem-solving methods, and analysis, thus enabling readers to develop the required skills and apply statistical techniques to decision-making problems.A large number of new business-oriented solved as well as practice problems have been added, thus creating a bank of problems that give a better representation of the various business statistics techniques.

Providing students with worked-through examples and solutions to the exercises found at the end of each chapter in the accompanying textbook, this guide enables students to develop analytical and statistical business skills. Some of the topics covered in this manual include data types, sources, and collection methods; dispersion and skewness measures in descriptive statistics; and probability distributions.

The new edition of Essentials of Business Statisticsdelivers clear and understandable explanations of core business statistics concepts, making it ideal for a one-term course in business statistics. Containing continuing case studies that emphasize the theme of business improvement, the text offers real applications of statistics that are relevant to today's business students. The authors motivate students by showing persuasively how the use of statistical techniques in support of business decision-making helps to improve business processes. A variety of examples and exercises, and a robust, technology-based ancillary package are designed to help students master this subject. In addition, the authors have rewritten many of the discussions in this edition and have explained concepts more simply from first principles. The only prerequisite for this text is high school algebra.