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Statistics for Business: Decision Making and Analysis, 3/e

Statistics for Business:  Decision Making and Analysis,  3/e

Author(s):
  • Robert E. Stine
  • Dean Foster
  • Author: Robert E. Stine
    • ISBN:9789353940645
    • 10 Digit ISBN:9353940648
    • Price:Rs. 1050.00
    • Pages:912
    • Imprint:Pearson Education
    • Binding:Paperback
    • Status:Available


    Ratings:

    The 3rd Edition of Statistics for Business: Decision Making and Analysis emphasizes an application-based approach, in which students learn how to work with data to make decisions. In this contemporary presentation of business statistics, students learn how to approach business decisions through a 4M Analytics decision making strategy-motivation, method, mechanics and message-to better understand how a business context motivates the statistical process and how the results inform a course of action. Each chapter includes hints on using Excel, Minitab Express, and JMP for calculations, pointing the student in the right direction to get started with analysis of data.

     

    Table of Content

    I. Variation
     
    1. Introduction
    2. Data
    3. Describing Categorical Data
    4. Describing Numerical Data
    5. Association Between Categorical Variables
    6. Association Between Quantitative Variables
     
    II. Probability
     
    7. Probability
    8. Conditional Probability
    9. Random Variables
    10. Association Between Random Variables
    11. Probability Models for Counts
    12. The Normal Probability Model
     
    III. Inference
     
    13. Samples and Surveys
    14. Sampling Variation and Quality
    15. Confidence Intervals
    16. Statistical Tests
    17. Comparison
    18. Inference for Counts
     
    IV. Regression Models
     
    19. Linear Patterns
    20. Curved Patterns
    21. The Simple Regression Model
    22. Regression Diagnostics
    23. Multiple Regression
    24. Building Regression Models
    25. Categorical Explanatory Variables
    26. Analysis of Variance
    27. Time Series
     

    Salient Features

    Each chapter opens with a motivating business example that frames a question and motivates the contents of the chapter. The authors return to the example throughout the chapter, as the statistical methods are presented and provides answers to the question posed in the opening example. 4-M Analytics Examples (Motivation, Method, Mechanics, Message) provide a consistent methodology used for worked-out examples. This approach gives students a consistent structure for solving problems and presenting their findings in the appropriate context. Each chapter includes software hints on using Excel, Minitab, and JMP for calculations and to generate graphs. These hints give students a jumping off point for getting started doing statistical analysis with software. Statistics in Action case studies follow each of the four parts of the book. Each case provides an in-depth look at a business application of statistics, uses real data, and takes students through the details of using that data to address a business question.