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Statistical Thinking in Business,Used
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Business students need the ability to think statistically about how to deal with uncertainty and its effect on decisionmaking in business and management. Traditional statistics courses and textbooks tend to focus on probability, mathematical detail, and heavy computation, and thus fail to meet the needs of future managers.Statistical Thinking in Business, Second Edition responds to the growing recognition that we must change the way business statistics is taught. It shows how statistics is important in all aspects of business and equips students with the skills they need to make sensible use of data and other information. The authors take an interactive, scenariobased approach and use almost no mathematical formulas, opting to use Excel for the technical work. This allows them to focus on using statistics to aid decisionmaking rather than how to perform routine calculations.New in the Second Edition A completely revised chapter on forecasting Rearrangement of the material on data presentation with the inclusion of histograms and cumulative line plots A more thorough discussion of the analysis of attribute data Coverage of variable selection and model building in multiple regression Endofchapter summaries More endofchapter problems A variety of case studies throughout the bookThe second edition also comes with a wealth of ancillary materials provided on downloadable resources packaged with the book. These include automaticallymarked multiplechoice questions, answers to questions in the text, data sets, Excel experiments and demonstrations, an introduction to Excel, and the StiBstat AddIn for stem and leaf plots, box plots, distribution plots, control charts and summary statistics.
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- Q: How many pages are in 'Statistical Thinking in Business'? A: This book contains four hundred eight pages. It provides a comprehensive view on statistical thinking in business contexts.
- Q: What is the binding type of this book? A: The binding type is paperback. This makes it lightweight and portable for students.
- Q: What are the dimensions of 'Statistical Thinking in Business'? A: The dimensions are ten inches in length, seven point zero one inches in width, and ten point zero eight inches in height. These measurements make it a standard size for textbooks.
- Q: Who is the author of 'Statistical Thinking in Business'? A: The author is John, J. A. He brings valuable insights into the application of statistics in business.
- Q: What category does this book fall under? A: It falls under the category of Management Science. This aligns with its focus on decision-making in business.
- Q: How is this book suitable for business students? A: Yes, it is designed specifically for business students. It emphasizes statistical thinking rather than complex mathematical formulas.
- Q: Is this book ideal for beginners in statistics? A: Yes, it is ideal for beginners. The interactive, scenario-based approach makes it accessible for those new to statistics.
- Q: Can I use Excel with this book? A: Yes, Excel is integrated into the learning process. The authors use it for technical work, enhancing understanding without heavy computation.
- Q: Does this book include case studies? A: Yes, it includes a variety of case studies. These real-world examples help to illustrate statistical concepts in business.
- Q: Are there any additional resources provided with the book? A: Yes, there are ancillary materials available for download. These include multiple-choice questions and Excel demonstrations.
- Q: How should I care for this book? A: To keep it in good condition, store it in a dry place and handle it gently. Avoid exposing it to moisture to preserve the pages.
- Q: Is there a warranty on this book? A: No, books typically do not come with a warranty. However, check the seller's return policy for any issues upon receipt.
- Q: What if my book arrives damaged? A: If your book arrives damaged, contact the seller immediately for a replacement or refund. Most sellers have policies in place for such cases.
- Q: Can I return this book if needed? A: Yes, you can return it, but check the specific return policy of the retailer. Returns typically depend on the condition of the book.
- Q: Is there an ebook version of this book available? A: Availability of an ebook version may vary. Check with the publisher or retailer for digital formats.
- Q: What makes this edition different from the previous one? A: This second edition features a revised chapter on forecasting and includes updated discussions on data presentation. It improves the overall learning experience.