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Applied Business Statistics

Applied Business Statistics is a 5th edition textbook aimed at management students, published in 2020, that focuses on the application of statistics in decision-making processes. It emphasizes translating management problems into statistical approaches, ensuring data quality, and interpreting statistical findings, with practical exercises using Microsoft Excel. The book covers various statistical concepts, including probability, hypothesis testing, regression analysis, and time series analysis.

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mabe.maria11
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35 views2 pages

Applied Business Statistics

Applied Business Statistics is a 5th edition textbook aimed at management students, published in 2020, that focuses on the application of statistics in decision-making processes. It emphasizes translating management problems into statistical approaches, ensuring data quality, and interpreting statistical findings, with practical exercises using Microsoft Excel. The book covers various statistical concepts, including probability, hypothesis testing, regression analysis, and time series analysis.

Uploaded by

mabe.maria11
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Applied Business

Statistics
Edition: 5th Edition
Publication date: 2020
Author/Editors: Wagner, T
eISBN: 9781485130505
Format: eBook
Number of Pages:
Retail price: R683.00 (incl. VAT)
Website Link: juta.co.za/pdf/25985/

About this Publication:

This is an introductory Statistics textbook for management students who require an


understanding of the role that statistics plays in supporting management decision making in all
areas of business. Its primary focus is to empower management students with statistical
decision-making skills so that they become active participants rather than passive observers
when interacting with statistical findings as part of a management decision-making process.
The emphasis in this book is placed on:
• Translating management problems into appropriate statistical approaches
• Underscoring the importance of data quality as integral to valid statistical analysis
• Identifying likely application areas through numerous illustrative examples
• Noting the limitations of techniques for decision analysis; and
• The appropriate management interpretation of statistical findings.

Key features:
The use of Microsoft Excel to perform statistical analyses. Students are given the opportunity to
familiarise themselves with Microsoft Excel’s statistical capabilities by applying them to data sets
of business problems, which are available on the accompanying CD.
Students can monitor their learning with the help of the exercises at the end of every chapter.
Contents Include:

• Chapter 1: Statistics in Management

• Chapter 2: Summarising Data: Summary Tables and Graphs


• Chapter 3: Describing Data: Numeric Descriptive Statistics
• Chapter 4: Basic Probability Concepts

• Chapter 5: Probability Distributions


• Chapter 6: Sampling and Sampling Distributions
• Chapter 7: Confidence Interval Estimation

• Chapter 8: Hypothesis Testing: Single Population


• Chapter 9: Hypothesis Testing: Comparison between Two Populations
• Chapter 10: Chi-Square Hypothesis Tests

• Chapter 11: Analysis of Variance: Comparing Means across Multiple Populations


• Chapter 12: Simple Linear Regression and Correlation Analysis
• Chapter 13: Multiple Regression
• Chapter 14: Index Numbers: Measuring Business Activity

• Chapter 15: Time Series Analysis: A Forecasting Tool

Of Interest and Benefit to:

Management students who require an understanding of the role that statistics plays in supporting management decision making
in all areas of business

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