Essentials of Business Statistics with Student CD-ROM

This work provides explanations of business statistics concepts by using case studies and examples. The non-calculus-based approach deals with descriptive and inferential statistics with an emphasis on business applications. Both procedural and conceptual aspects of the subject are covered, analysis and interpretation are emphasized, and students are shown how to select the appropriate statistical tool for use in a particular business application. Excel and Minitab output is included to help students visualize concepts, and an Excel add-in package, Megastat, is available on the accompanying CD-ROM and has been integrated into the text.

Table of Contents:
1. An Introduction to Business Statistics2. Descriptive Statistics3. Probability4. Discrete Random Variables5. Continuous Random Variables6. Sampling Distributions7. Confidence Intervals8. Hypothesis Testing9. Comparisons Involving Means10. Comparisons Involving Proportions and Chi-Square Tests11. Simple Linear Regression12. Multiple RegressionAppendix B: Counting Rules Appendix C: The Hypergeometric Distribution Appendix D: Properties of the Mean and the Variance of a Random Variable, and the Covariance Between Two Random Variables Appendix E: Derivations of the Mean and the Variance of the Sample Mean and of the Mean and the Variance of the Sample Proportion Appendix F: Cluster Sampling and Ratios Estimation

About the Author :
Bruce L. Bowerman is professor of decision sciences at Miami University in Oxford, Ohio. He received his Ph.D. degree in statistics from Iowa State University in 1974, and he has over 40 years of experience teaching basic statistics, regression analysis, time series forecasting, survey sampling, and design of experiments to both undergraduate and graduate students. In 1987, Professor Bowerman received an Outstanding Teaching award from the Miami University senior class, and in 1992 he received an Effective Educator award from the Richard T. Farmer School of Business Administration. Together with Richard T. OConnell, Professor Bowerman has written 16 textbooks. These include Forecasting and Time Series: An Applied Approach; Forecasting, Time Series, and Regression: An Applied Approach (also coauthored with Anne B. Koehler); and Linear Statistical Models: An Applied Approach. The fi rst edition of Forecasting and Time Series earned an Outstanding Academic Book award from Choice magazine. Professor Bowerman has also published a number of articles in applied stochastic processes, time series forecasting, and statistical education. In his spare time, Professor Bowerman enjoys watching movies and sports, playing tennis, and designing houses. Richard T. OConnell is associate professor of decision sciences at Miami University in Oxford, Ohio. He has more than 35 years of experience teaching basic statistics, statistical quality control and process improvement, regression analysis, time series forecasting, and design of experiments to both undergraduate and graduate business students. He also has extensive consulting experience and has taught workshops dealing with statistical process control and process improvement for a variety of companies in the Midwest. In 2000, Professor OConnell received an Effective Educator award from the Richard T. Farmer School of Business Administration. Together with Bruce L. Bowerman, he has written 16 textbooks. These include Forecasting and Time Series: An Applied Approach; Forecasting, Time Series, and Regression: An Applied Approach (also coauthored with Anne B. Koehler); and Linear Statistical Models: An Applied Approach. Professor OConnell has published a number of articles in the area of innovative statistical education. He is one of the first college instructors in the United States to integrate statistical process control and process improvement methodology into his basic business statistics course. He (with Professor Bowerman) has written several articles advocating this approach. He has also given presentations on this subject at meetings such as the Joint Statistical Meetings of the American Statistical Association and the Workshop on Total Quality Management: Developing Curricula and Research Agendas (sponsored by the Production and Operations Management Society). Professor OConnell received an M.S. degree in Decision Sciences from Northwestern University in 1973, and he is currently a member of both the Decision Sciences Institute and the American Statistical Association. In his spare time, Professor OConnell enjoys fishing, collecting 1950s and 1960s rock music, and following the Green Bay Packers and Purdue University sports.