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Practical Business Statistics,

Edition 8

Editors: By Andrew F. Siegel and Michael R. Wagner

Publication Date: 11 Jan 2022

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Practical Business Statistics, Eighth Edition, offers readers a practical, accessible approach to managerial statistics that carefully maintains, but does not overemphasize mathematical correctness. The book fosters deep understanding of both how to learn from data and how to deal with uncertainty, while promoting the use of practical computer applications. This trusted resource teaches present and future managers how to use and understand statistics without an overdose of technical detail, enabling them to better understand the concepts at hand and to interpret results.

The text uses excellent examples with real world data relating to business sector functional areas such as finance, accounting, and marketing. Written in an engaging style, this timely revision is class-tested and designed to help students gain a solid understanding of fundamental statistical principles without bogging them down with excess mathematical details.

Key Features

Provides users with a conceptual, realistic, and matter-of-fact approach to managerial statistics
Offers an accessible approach to teach present and future managers how to use and understand statistics without an overdose of technical detail, enabling them to better understand concepts and to interpret results
Features updated examples and images to illustrate important applied uses and current business trends
Includes robust ancillary instructional materials such as an instructor’s manual, lecture slides, and data files

About the author

By Andrew F. Siegel, Professor of Information Systems and Operations Management, Professor of Finance and Business Economics, and Adjunct Professor of Statistics, Foster School of Business, University of Washington, Seattle, WA, USA and Michael R. Wagner, Associate Professor of Operations Management, Michael G. Foster School of Business, University of Washington, Seattle, WA, USA

Part I: Introduction and Descriptive Statistics
1. Introduction: Defining the Role of Statistics in Business
2. Data Structures: Classifying the Various Types of Data Sets
3. Histograms: Looking at the Distribution of Data
4. Landmark Summaries: Interpreting Typical Values and Percentiles
5. Variability: Dealing with Diversity

Part II: Probability
6. Probability: Understanding Random Situations
7. Random Variables: Working with Uncertain Numbers

Part III: Statistical Inference
8. Random Sampling: Planning Ahead for Data Gathering
9. Confidence Intervals: Admitting That Estimates Are Not Exact
10. Hypothesis Testing: Deciding Between Reality and Coincidence

Part IV: Regression and Time Series
11. Correlation and Regression: Measuring and Predicting Relationships
12. Multiple Regression: Predicting One Variable From Several Others
13. Report Writing: Communicating the Results of a Multiple Regression
14. Time Series: Understanding Changes Over Time

Part V: Methods and Applications
15. ANOVA: Testing for Differences Among Many Samples and Much More
16. Recent Developments
17. Chi-Squared Analysis: Testing for Patterns in Qualitative Data
18. Quality Control: Recognizing and Managing Variation

19. Statistical (Machine) Learning: Using Complex Models With Large Data Sets

ISBN: 9780128200254

Page Count: 560

Illustrations : 225 illustrations (75 in full color)

Retail Price :

9780128034590; 9780128112168; 9780081013021

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