Statistical Thinking in Business

Author/creator Whitaker, D. Author
Other author John, J. A. Author
Other author Johnson, D.G. (David G.), 1943- Author
Format Electronic
Edition2nd ed.,Revised,New Edition
Publication InfoChapman & Hall/CRC [Imprint] Boca Raton : CRC Press LLC Florence : Taylor & Francis Group [Distributor]
Description408 p. ill 10.000 x 07.000 in.
Supplemental ContentFull text available from Ebook Central - Academic Complete
Subjects

Summary Annotation Business students need the ability to think statistically about how to deal with uncertainty and its effect on decision-making in business and management. Traditional statistics courses and textbooks tend to focus on probability, mathematical detail, and heavy computation, and thus fail to meet the needs of future managers.Statistical Thinking in Business, Second Edition responds to the growing recognition that we must change the way business statistics is taught. It shows how statistics is important in all aspects of business and equips students with the skills they need to make sensible use of data and other information. The authors take an interactive, scenario-based approach and use almost no mathematical formulas, opting to use Excel for the technical work. This allows them to focus on using statistics to aid decision-making rather than how to perform routine calculations.New in the Second Edition:A completely revised chapter on forecastingRe-arrangement of the material on data presentation with the inclusion of histograms and cumulative line plotsA more thorough discussion of the analysis of attribute dataCoverage of variable selection and model building in multiple regressionEnd of chapter summariesMore end of chapter problemsA variety of case studies throughout the bookThe second edition also comes with a wealth of ancillary materials provided on a CD-ROM packaged with the book. These include automatically-marked multiple-choice questions, answers to questions in the text, data sets, Excel experiments and demonstrations, an introduction to Excel, and the StiBstat Add-In for stem and leaf plots, box plots, distribution plots, control charts and summary statistics. Solutions to end-of-chapter exercises and powerpoint slides for lecturers are available directly from the publisher.
Access restrictionAvailable only to authorized users.
Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
LCCN 2005005695
ISBN9781584884958
ISBN1584884959 (Trade Paper) Active Record
Standard identifier# 9781584884958
Stock number1584884959 00004766

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