Business Statistics: A First Course, 5/e

Business Statistics: A First Course, 5/e
David M. Levine
Timothy C. Krehbiel
Mark L. Berenson, Montclair State University

ISBN-10: 0136065805
ISBN-13: 9780136065807

Publisher: Prentice Hall
Copyright: 2010
Format: Paper; 624 pp
Published: 01/11/2009
Status: In stock

Table of Contents:

  1. Introduction and Data Collection
  2. Presenting Data in Tables and Charts
  3. Numerical Descriptive Measures
  4. Basic Probability
  5. Some Important Discrete Probability Distributions
  6. The Normal Distribution and Other Continuous Distributions
  7. Sampling and Sampling Distributions
  8. Confidence Interval Estimation
  9. Fundamentals of Hypothesis Testing
  10. Two Sample Tests and One-Way Anova
  11. Chi-Square Tests
  12. Simple Linear Regression
  13. Multiple Regression
  14. Statistical Applications in Quality Management

Self-Test Solutions and Answers to Selected Even-Numbered Problems

New to This Edition: Enhanced Statistical Coverage

The fifth edition of Business Statistics: A First Course builds on previous editions with these new and enhanced features

  • New chapter-ending “Using Statistics . . . Revisited” sections that reinforce the statistical methods and applications discussed in each chapter.
  • “Think About This” essays that provide greater insight into what has just been learned and raise important issues about the application of statistical knowledge.
  • Revised simplified notation for test statistics in hypothesis testing.
  • Many new applied examples and exercises, with data from The Wall Street Journal, USA Today, and other sources.
  • Student surveys as integrating themes across many chapters.
  • Additional Excel and Minitab results are included, all with cross references to appropriate software appendix sections.

New to This Edition: Expanded Excel and Minitab Appendices

The fifth edition of Business Statistics: A First Course contains separate and expanded appendices for using Microsoft Excel, Minitab, and PHStat2, the Excel add-in that is included on the Student CD-ROM.

  • Totally rewritten Excel appendices that contain instructions for using all versions of Excel, including Excel 2007 (and 2010). Some sections contain two sets of instructions where appropriate, one for using Excel 97 through 2003, the other for using Excel 2007 (and 2010).
  • Minitab appendices feature Minitab 15 but are compatible with Minitab 14 and 16.
  • PHStat2 appendices identify PHStat2 procedures that can be used for the statistical methods in the chapter.
  • PHStat2 version 2.8, compatible with all current versions of Windows Excel, contains new and enhanced procedures including the separate-variance t test, and one-way ANOVA.

New to This Edition: MyStatLab

Custom MyStatLab course materials designed for specific use with this book are available. MyStatLab is Pearson Education’s online learning, homework, and assessment tool that provides a rich and flexible set of course materials, including free-response exercises that are algorithmically generated for unlimited practice and mastery. MyStatLab provides students with a personalized, interactive learning environment that helps them to independently improve their understanding and performance in a course. MyStatLab allows instructors to deliver portions of a course online, to perform course management functions, and to create a supportive online community. In addition, instructors can use the MyStatLab homework and test manager to select and assign their own online exercises as well as import TestGen tests.

Hallmark Features

Hallmark features from past editions that continue in this editio include:

  • Using Statistics Business Scenarios Each chapter begins with a Using Statistics example that shows how statistics is used in the functional areas of business—accounting, finance, information systems, management, and marketing. Each scenario is used throughout the chapter to provide an applied context for the concepts.
  • Emphasis on Data Analysis and Interpretation of Software Results We believe that the use of computer software is an integral part of learning statistics. Our focus emphasizes analyzing data by interpreting worksheet results while reducing emphasis on doing computations. For example, in the coverage of tables and charts in Chapter 2, the focus is on the interpretation of various charts and on when to use each chart. In our coverage of hypothesis testing in Chapters 9 through 11, extensive computer results have been included so that the p-value approach can be emphasized.
  • Pedagogical Aids An active writing style is used, with boxed numbered equations, set-off examples to provide reinforcement for learning concepts, problems divided into “Learning the Basics” and “Applying the Concepts,” key equations, and key terms.
  • PHStat2 This add-in, included on the Student CD-ROM, extends the statistical capabilities of Microsoft Excel and executes the low-level menu selection and worksheet entry tasks associated with implementing statistical analysis in Excel. When combined with the Analysis ToolPak add-in, virtually all statistical methods taught in an introductory business statistics course can be demonstrated using Microsoft Excel.
  • Answers Most answers to the even-numbered exercises are provided in an appendix at the end of the book.
  • Web Cases An end-of-chapter Web Case is included for each of the first 16 chapters. Most cases extend a Using Statistics business scenario by posing additional questions and raising issues about the scenario. Students examine interactive documents to sift through claims and assorted information in order to discover the data most relevant to a scenario. Students then determine whether the conclusions and claims are supported by the data. In doing so, students discover and learn how to identify common misuses of statistical information. (Instructional tips for using the Web Cases and solutions to the Web Cases are included in the Instructor’s Solutions Manual.)
  • Case Studies and Team Projects Detailed case studies are included in numerous chapters. A “Managing The Springville Herald” continuing case, a team project related to bond funds, and undergraduate and graduate student surveys are included at the end of most chapters, and these serve to integrate learning across the chapters.
  • Visual Explorations This Excel add-in workbook allows students to interactively explore important statistical concepts in descriptive statistics, the normal distribution, sampling distributions, and regression analysis. For example, in descriptive statistics, students observe the effect of changes in the data on the mean, median, quartiles, and standard deviation. With the normal distribution, students see the effect of changes in the mean and standard deviation on the areas under the normal curve. In sampling distributions, students use simulation to explore the effect of sample size on a sampling distribution. In regression analysis, students have the opportunity to fit a line and observe how changes in the slope and intercept affect the goodness of fit.