If You're an Educator Download instructor resources Additional order info. Description For one or two semester Business Statistics courses. A direct approach to business statistics, ordered in a signature step-by-step framework. 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. The eighth edition provides even more learning aids to help students understand the material.
Get students to see the business side—Business Applications. The eighth editions continues this emphasis by offering students many new business applications—all of which are highlighted with specially marked icons, making it easier for students to locate them within the text. Walk students through concepts and techniques for a better understanding—Step-by-step Approach.
This framework helps readers learn by example and put their knowledge into practice with extensive exercises that continue to increase in difficulty as they progress. 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. 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. Summarize the main points and statistical techniques—Special Review Sections. The Special Review Sections in this text provide a summary and review of key issues and statistical techniques.
In addition, integrative questions and exercises ask students to demonstrate their comprehension of the topics covered in these sections. This text seamlessly integrates three versions of computer applications with textual examples and figures—always focusing on interpreting the output. The goal is for students to be able to know which tools to use, how to apply them, and how to analyze their results for making decisions. 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. Share a link to All Resources. Instructor Resources. Websites and online courses. Other Student Resources. Regardless of how accessible or engaging a textbook is, we recognize that many students do not read the chapters from front to back.
Thus, this text features clearly marked, step-by-step examples that students can follow. Each detailed example is linked to a section exercise, which students can use to build specific skills needed to work exercises in the section. Each chapter begins with a clear set of specific chapter outcomes. The examples and practice exercises are designed to reinforce the objectives and lead students toward the desired outcomes.
The exercises are ordered from easy to more difficult and are divided into categories: Conceptual, Skill Development, Business Applications, and Database Exercises. Another difference is the importance this text places on data and how data are obtained. Many business statistics texts assume that data have already been collected.
We have decided to underscore a more modern theme: Data are the starting point. We believe that effective decision making relies on a good understanding of the different types of data and the different data collection options that exist. To highlight our theme, we begin a discussion of data and collecting data in Chapter 1 before any discussion of data analysis is presented.
In Chapters 2 and 3, where the important descriptive statistical techniques are introduced, we tie these statistical techniques to the type and level of data for which they are best suited.
Although we know that the role of the computer is important in applying business statistics, it can be overdone at the beginning level to the point where instructors are required to spend too much time teaching the software and too little time teaching statistical concepts.
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