Essentials of Statistics for Business and Economics

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9780324223224: Essentials of Statistics for Business and Economics

ESSENTIALS OF STATISTICS FOR BUSINESS AND ECONOMICS, FOURTH EDITION is an introductory stats textbook that emphasizes statistical concepts and applications. The discussion and development of each technique is presented in an application setting, with the statistical results providing insights to decisions and solutions to problems. The easy-to-follow presentation style and problem-scenario approach clearly show how to apply statistical methods in practical business situations. This brief introduction to business statistics balances a conceptual understanding of statistics with the real-world application of statistical methodology. The essentials version features selected core topics from the authors' market-leading STATISTICS FOR BUSINESS AND ECONOMICS, NINTH EDITION presented in 13 chapters. It includes the highly-regarded strengths of the longer text, including the problem-scenario approach that uses real-world examples to introduce stat techniques. Methods, Applications, and Self-Test exercises include hundreds of problems based on real data. Examples and exercises throughout focus on ways that stats contribute to improving the quality of products and services. This text can also be computer integrated at the discretion of the instructor. Instruction for data analysis based on Microsoft Excel and MINITAB is included in appendices of appropriate chapters. Case problems are also provided with the text, with data sets available on disk for both MINITAB 14 and Excel formats.

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About the Author:

Dr. David R. Anderson is a textbook author and Professor Emeritus of Quantitative Analysis in the College of Business Administration at the University of Cincinnati. He has served as head of the Department of Quantitative Analysis and Operations Management and as Associate Dean of the College of Business Administration. He was also coordinator of the College's first Executive Program. In addition to introductory statistics for business students, Dr. Anderson has taught graduate-level courses in regression analysis, multivariate analysis, and management science. He also has taught statistical courses at the Department of Labor in Washington, D.C. Professor Anderson has received numerous honors for excellence in teaching and service to student organizations. He is the coauthor of ten textbooks related to decision sciences and actively consults with businesses in the areas of sampling and statistical methods. Born in Grand Forks, North Dakota, he earned his BS, MS, and PhD degrees from Purdue University.


The single most important factor in the selection of ASW's Essentials of Statistics was the quality of the homework exercises. Another factor was that the text used the Excel package and had the Excel computer supplement. The text is also readable for our average student, this is another very important factor when selecting a text.

The characteristics that figured most strongly in my decision to adopt ASW's Essentials of Statistics for Business and Economics were the end of chapter review and formulas, topic selection, and review questions.

The characteristics of ASW's Essentials of Statistics for Business and Economics that figured most strongly in my decision to adopt the text was that the book presents a clear and practical explanation of statistical concepts. It also contains real-world examples and problems. The book helps instructors teach fundamental statistical thinking to their students.

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