Statistics for Business and Economics introduces statistics in the context of contemporary business. Emphasising statistical literacy in thinking, the text applies its concepts with real data and uses technology to develop a deeper conceptual understanding. Examples, activities, and case studies foster active learning in the classroom while emphasising intuitive concepts of probability and teaching students to make informed business decisions. The 14th Edition continues to highlight the importance of ethical behaviour in collecting, interpreting, and reporting on data, while also providing a wealth of new and updated exercises and case studies.
1. Statistics, Data, and Statistical Thinking
2. Methods for Describing Sets of Data
3. Probability
4. Random Variables and Probability Distributions
5. Sampling Distributions
6. Inferences Based on a Single Sample: Estimation with ConfidenceIntervals
7. Inferences Based on a Single Sample: Tests of Hypotheses
8. Inferences Based on Two Samples: Confidence Intervals and Testsof Hypotheses
9. Design of Experiments and Analysis of Variance
10. Categorical Data Analysis
11. Simple Linear Regression
12. Multiple Regression and Model Building
13. Methods for Quality Improvement: Statistical Process Control(Available Online)
14. Time Series: Descriptive Analyses, Models, and Forecasting(Available Online)
15. Nonparametric Statistics (Available Online)
Appendix A: Summation Notation
Appendix B: Basic Counting Rules
Appendix C: Calculation Formulas for Analysis of Variance
C.1 Formulas for the Calculationsin the Completely Randomized Design
C.2 Formulas for the Calculationsin the Randomized Block Design
C.3 Formulas for the Calculationsfor a Two-Factor Factorial Experiment
C.4 Tukey's Multiple ComparisonsProcedure (Equal Sample Sizes)
C.5 Bonferroni MultipleComparisons Procedure (Pairwise Comparisons)
C.6 Scheffé's MultipleComparisons Procedure (Pairwise Comparisons)
Appendix D: Tables
Answers to Selected Exercises
Index
Credits
Hallmark exercises, applications, and activities
- Data-based applications and examples introduce and illustrate new ideas, helping students understand definitions, generalizations, and theoretical concepts. All examples have three components: "Problem,” "Solution,” and "Look Back" (or "Look Ahead"). This step-by-step process provides students with a defined structure by which to approach problems and enhances their problem-solving skills. The "Look Back/Look Ahead" feature often gives helpful hints for solving the problem and/or provides a further reflection or insight into the concept or procedure that is covered.
- REVISED - More than 1,200 exercises are included, with revisions and updates to 30%. Many new and updated exercises, based on contemporary business-related studies and real data, have been added. Most of these exercises foster critical-thinking skills.
- REVISED - Data-informed development. The authors analyzed aggregated student usage and performance data from MyLab® Statistics for the previous edition. The results helped improve the quality and quantity of exercises that matter most to instructors and students.
- All exercise sections are divided into at least four parts:
- Learning the Mechanics: Designed as straightforward applications of new concepts, these exercises allow students to test their ability to comprehend a mathematical concept or a definition.
- Applying the Concepts—Basic: Based on applications taken from a wide variety of business journals, newspapers, and other sources, these short exercises help students to begin developing the skills necessary to diagnose and analyze real-world problems.
- Applying the Concepts—Intermediate: Based on more detailed real-world applications, these exercises require students to apply their knowledge of the technique presented in the section.
- Applying the Concepts—Advanced: These more difficult real-data exercises require students to utilize their critical-thinking skills.
- Role of Calculus in Footnotes. Although the text is designed for students with a noncalculus background, footnotes explain the role of calculus in various derivations. Footnotes are also used to inform the student about some of the theory underlying certain methods of analysis. These footnotes allow flexibility in the mathematical and theoretical level at which the material is presented.
- Now Work exercise suggestions follow each example. The Now Work exercise (marked with the NW icon in the exercise sets) is similar in style and concept to the text example, providing students with an opportunity to immediately test and confirm their understanding.
- Applet Exercises are available on the student resource site and in MyLab Statistics. These point-and-click applets allow students to easily run simulations that visually demonstrate some of the more difficult statistical concepts (e.g., sampling distributions and confidence intervals). Each chapter contains several optional applet exercise sets denoted with an applet icon.
- Applet Correlation Guide illustrating how applets align with text chapters can be accessed in the Tools for Success tab in MyLab Statistics and the front of the book as a reference tool.
- Profiles of Statisticians in History provide brief descriptions of famous statisticians, with their achievements presented in side boxes, allowing students to develop an appreciation for the statistician's efforts and the discipline of statistics as a whole.
- UPDATED - Statistics in Action case studies begin each chapter and are based on an actual contemporary, controversial, or high-profile issue in business. Relevant research questions and data from the study are presented and the proper analysis demonstrated in short Statistics in Action Revisited sections throughout the chapter. Three of the 14 cases are updated in the 14th Edition, and all cases are based on real data from a recent business study.
- Real-world Business Cases, with real data and assignments for the student, serve as capstones and review for the material that precedes them. Typically, these cases follow a group of two or three chapters and require the student to apply the methods presented in these chapters.
- Hands-On Activities at the end of each chapter provide students with an opportunity to participate in hands-on classroom activities, ranging from real data collection to formal statistical analysis. These activities are designed to be performed by students individually or as a class.
Strategic use of the latest technology and video resources
- NEW - Short video tutorials guide students through real-life applications of chapter topics to illustrate how these concepts translate to everyday life.
- UPDATED - Technology is updated throughout. All screenshots from statistical software (Excel 2019 with XLSTAT, StatCrunch, Minitab 19, and the TI-84 graphing calculator) and corresponding instructions for use have been revised to reflect the latest versions of the software. Students are exposed early and often to screenshots of the output they will encounter.
- REVISED - Using Technology Tutorials at the end of each chapter are statistical software tutorials with point-and-click instructions (with screenshots) for Excel 2019 with XLSTAT, StatCrunch, and Minitab 19. These tutorials are easily located and show students how to best use and maximize statistical software. In addition, output and keystroke instructions for the TI-84 Graphing Calculator are presented.
- Data and Applets - All data sets and applets marked with an icon in the text can be found in MyLab Statistics or via the resource site (www.pearsonglobaleditions.com). Included are data sets for text examples, exercises, Statistics in Action, and Real-World cases. All data sets are available in Microsoft Excel, Minitab, SPSS, and TXT formats.
MyLab Statistics is not included. Students, if MyLab Statistics is arecommended/mandatory component of the course, please ask your instructor forthe correct ISBN. MyLab Statistics should only be purchased when required by aninstructor. Instructors, contact your Pearson representative for moreinformation.
· Teach your course your way
o Flexible platform - Yourcourse is unique. With MyLab, your courseware can be, too. Easily tailoryour course to fit your needs, whether you want to create assignments, managemultiple sections, or set prerequisites.
o Data & Analytics - MyLab Statisticsprovides instructors with a comprehensive gradebook with enhanced reportingfunctionality makes it easier for instructors to manage courses efficiently.
§ PerformanceAnalytics enable instructors to see and analyze student performance acrossmultiple courses. Based on their current course progress, individuals’performance is identified above, at, or below expectations through a variety ofgraphs and visualizations.
§ NEW -Now included with Performance Analytics, Early Alerts usepredictive analytics to identify struggling students — even if their assignmentscores are not a cause for concern. In both Performance Analytics andEarly Alerts, instructors can email students individually or by group toprovide feedback.
o Preparedness - Preparednessis one of the biggest challenges in many statistics courses. Pearson offers avariety of content and course options to support students with just-in-timeremediation and key-concept review as needed.
· Empower learners
o Personalized Learning - Eachstudent learns at a different pace. Personalized learning pinpoints the preciseareas your students need to practice, giving every student thesupport they need — when and where they need it — to be successful.Personalized learning in MyLab Statistics gives instructors theflexibility to incorporate the approach that best suits the needs of theircourse and students.
§ UPDATED- Accessibility -Pearson works continuously to ensure our products are as accessible as possibleto all students. Currently we work toward achieving WCAG 2.0 AA for ourexisting products (2.1 AA for future products) and Section 508 standards, asexpressed in the Pearson Guidelines for Accessible Educational Web Media.
§ Motivation- Students are motivated to succeed when they're engaged in thelearning experience and understand the relevance and power of statistics.Through online homework, students receive immediate feedback and tutorialassistance that motivates them to do more, which means they retain moreknowledge, improve their test scores, and perform better in future courses.Plus, we're always adding new solutions to further engage students.
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Your high standardsdeserve quality content to match them. That’s why we partner withrespected authors who are also subject matter experts. Together we buildinteractive, course-specific content to engage your students more fully.
- More than 1,200 exercises are included, with revisions and updates to 30%. Many new and updated exercises, based on contemporary business-related studies and real data, have been added. Most of these exercises foster critical-thinking skills.
- Data-informed development. The authors analyzed aggregated student usage and performance data from MyLab® Statistics for the previous edition. The results helped improve the quality and quantity of exercises that matter most to instructors and students.
- Statistics in Action case studies begin each chapter and are based on an actual contemporary, controversial, or high-profile issue in business. Relevant research questions and data from the study are presented and the proper analysis demonstrated in short Statistics in Action Revisited sections throughout the chapter. Three of the 14 cases are updated in the 14th Edition, and all cases are based on real data from a recent business study.
- Short video tutorials guide students through real-life applications of chapter topics to illustrate how these concepts translate to everyday life.
- Technology is updated throughout. All screenshots from statistical software (Excel 2019 with XLSTAT, StatCrunch, Minitab 19, and the TI-84 graphing calculator) and corresponding instructions for use have been revised to reflect the latest versions of the software. Students are exposed early and often to screenshots of the output they will encounter.
- Using Technology Tutorials at the end of each chapter are statistical software tutorials with point-and-click instructions (with screenshots) for Excel 2019 with XLSTAT, StatCrunch, and Minitab 19. These tutorials are easily located and show students how to best use and maximize statistical software. In addition, output and keystroke instructions for the TI-84 Graphing Calculator are presented.
MyLab Statistics is not included. Students, if MyLab Statistics is arecommended/mandatory component of the course, please ask your instructor forthe correct ISBN. MyLab Statistics should only be purchased when required by aninstructor. Instructors, contact your Pearson representative for moreinformation.
- Now included with Performance Analytics, Early Alerts use predictive analytics to identify struggling students — even if their assignment scores are not a cause for concern. In both Performance Analytics and Early Alerts, instructors can email students individually or by group to provide feedback.
Produktdetaljer
Biografisk notat
Dr. Jim McClave is currently President and CEO ofInfo Tech, Inc., a statistical consulting and software development firm with aninternational clientele. He is also a Courtesy Professor ofStatistics at the University of Florida, where he was a full-time member of thefaculty for over 20 years.
Dr. Terry Sincich obtained his PhD inStatistics from the University of Florida in 1980. He is a ProfessorEmeritus of the Information Systems & Decision SciencesDepartment at the University of South Florida in Tampa, where hewas responsible for teaching basic statistics to all undergraduates, aswell as advanced statistics to all doctoral candidates, in the College ofBusiness Administration. He has published articles in such journals asthe Journal of the American Statistical Association, InternationalJournal of Forecasting, Academy of Management Journal,and Auditing: A Journal of Practice & Theory.Dr. Sincich is a co-author of the texts: Statistics, Statisticsfor Business & Economics, Statistics for Engineering & theSciences, and A Second Course in Statistics: Regression Analysis.