Prentice Hall

Business



Business Statistics: First Course and Student CD, 4/E
David M. Levine, Baruch College, Zicklin School of Business, City University of New York
Timothy C. Krehbiel, Miami University, Ohio
Mark L. Berenson, Montclair State University

ISBN-10: 0131547143
ISBN-13: 9780131547148

Publisher: Prentice Hall
Copyright: 2006
Format: Paper Bound w/CD-ROM; 624 pp
Published: 03/28/2005

Suggested retail price: $160.00
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For a 1 semester course in Business Statistics.

This paperback, 14 chapter  text focuses on using rich business applications from all  the functional areas of business to introduce the core concepts. The emphasis is on a clean, sophisticated presentation uncluttered by bells and whistles.

A more comprehensive version by these same authors is also available called Basic Business Statistics 10e.


For a 1 semester course in Business Statistics.

This paperback, 14 chapter  text focuses on using rich business applications from all  the functional areas of business to introduce the core concepts. The emphasis is on a clean, sophisticated presentation uncluttered by bells and whistles.

A more comprehensive version by these same authors is also available called Basic Business Statistics 10e.

How do you motivate students to see the value of this course since most students are here to complete a core requirement?

“Using Statistics” business scenarios—Each chapter begins with a “Using Statistics” example related to a different functional area of business and is woven throughout the chapter to illustrate key points and help students make connections. 

  • Shows how statistics is relevant to all business majors-accounting, finance, management, marketing, operations, and information systems.

What business skills are you hoping your students will have mastered after completing your course?

Emphasis on data analysis and interpretation within chapter— Output from Excel and Minitab 14 are featured within the chapter.

  • Allows students to focus on interpreting the software output and  making informed business decisions.

What software do you use in this course? How much software instruction do you want a text to provide and where?

Featured Software- The authors use Excel and Minitab 14 output within the chapters. For those instructors that prefer to use an Excel add-in, PHSTAT2 is featured in Appendix G.

  • Showcases the most common packages used in the business world.

Detailed Software Appendices at the end of each chapter

  • Provides step-by-step instructions necessary to perform most statistical analsysis using Excel and Minitab 14. 

Do you assign/grade homework? Would you be interested in an online resouce that offers text specific questions that can be assigned for practice/homework and save you grading time?

PH Grade Assist—Prentice Hall's Internet-based system provides algorithmically generated homework problems.

  • Provides unlimited practice for the student and scoring, grading, and course management for the instructor.

  • PHGradeAssist icons appear in the text next to exercises that are in this system.


This text is available for personalization in the PHCBR custom database program.  Select only the chapters you require or supplement with recommended case studies all under one cover.  CLICK HERE to go directly to the PHCBR book-build site or visit our product page for additional information at pearsoncustom.com/business.

How do you think students use texts?  How do you judge readability?  Do you think they read them cover to cover?  What types of resources help students succeed in the course?

 

Improved accessibility for students

  • Every chapter in the text has undergone major rewriting and the text now uses a more active, conversational writing style for students.
  • Now includes many more examples from everyday life, including those on online shopping (Chapter 2), time to get ready in the morning (Chapter 3), and waiting time at a fast food restaurant (Chapter 9).
  • Many problems have been simplified so that they contain no more than four parts.
  • Key formulas are now included at the end of each chapter.
  • Worked out solutions to Self-Test Questions are provided in the back of the text.
  • A roadmap for selecting the proper statistical method is included at the front of the text to help students select the proper technique and to make connections between topics.
  • Many new applied examples and exercises with data from the Wall Street Journal, USA Today, Consumer Reports, and other sources have been added to the text.

What type of software do you use with your students? 

Improved Software presentation

  • Now focus on using standard Excel worksheets to learn statistics and interpret results. llustrations of Excel worksheets show the cell formulas used to build the worksheet. In each chapter, an end-of chapter Excel appendix explains how to use the worksheets featured in the chapter. For those who choose to use the PHStat2 Excel add-in instead, a PHStat2 appendix (Appendix G) is provided as well.
    • Teaches students how to use Excel "as is" since that is what most students will use in the business world.
  • Updated version of PHStat2 and a separate PHStat2 Appendix– PHStat2 version 2.5, the newest version of Prentice Hall’s supplemental add-in program for Microsoft Excel is bundled free with this text. This updated version includes enhancements such as the ability to work with recent Microsoft Office security updates, multiple regression with independent variables in noncontiguous columns, improved stem-and-leaf displays and box-and-whisker plots, the Z- test for the difference in two means, Levene’s test for the homogeneity of variance, and the Marascuilo multiple comparisons procedure  for proportions. Appendix G collects all of the instructions for using the add-in with this textbook in one handy-to-use reference. (PHStat2 Support, including updates when available, can be found at www.prenhall.com/phstat.)
    • PHStat2 enhances the capabilities of Excel allowing you to do more statistical analysis.
  • Features Minitab Version 14— All Minitab output in the text and all Minitab appendixes are from Minitab Version 14.
    • Provides the latest version of the Minitab statistical software.

 Content Changes

   Reorganization of the hypothesis testing chapters

·        All tests involving the normal and t distribution are covered in Chapters 9 and 10 prior to coverage of the F test.

·        The Analysis of Variance is covered in Chapter 11

·        All Chi-Square tests are covered in Chapter 12 along with nonparametric tests

 

 More comprehensive coverage of topics

 

·        Topics such as the sample covariance, the normal approximation to the binomial distribution, the power of the test, the McNemar test, and the chi-square goodness of fit test are now enhanced  for better student comprehension.  

1. Introduction and Data Collection
    Using Statistics: Good Tunes

 

    Basic Concepts of Statistics. The Growth of Statistics and Information     

    Technology. How This Text Is Organized  The Importance of Collecting Data.

    Identifying Sources of Data. Types of Data.
 

2. Presenting Data in Tables and Charts 
    Using Statistics: Comparing the Performance of Mutual Funds

 

    Tables and Charts for Categorical Data. Tables and Charts for Numerical Data.  

    Cross Tabulations. Scatter Diagrams and Time Series Plots.  Misusing Graphs

    and Ethical Issues


3. Numerical Descriptive Measures
    Using Statistics: Comparing the Performance of Mutual Funds

 

    Measures of Central Tendency, Variation, and Shape. Obtaining Descriptive

    Summary Measures from a Population. Exploratory Data Analysis. The

    Covariance and the Coefficient of Correlation. Pitfalls in Numerical   

    Descriptive Measures and Ethical Issues. 
     
4. Basic Probability 
    Using Statistics: The Consumer Electronics Company

 

    Basic Probability Concepts. Conditional Probability. Bayes’ Theorem. Counting

    Rules. Ethical Issues and Probability.
 

5. Some Important Discrete Probability Distributions  
    Using Statistics: The Accounting Information System of the Saxon

    Plumbing Company

   

  The Probability Distribution for a Discrete Random Variable. Binomial Distribution.

   Poisson Distribution. (CD-ROM Topic) The Hypergeometric Distribution.

 

6. The Normal Distribution and Other Continuous Distributions  
     Using Statistics: Download Time for a Web Site Home Page

 

    The Normal Distribution. Evaluating the Normality Assumption. The Uniform

    Distribution. The Exponential Distribution.
    

 7. Sampling Distributions 
     Using Statistics: The Oxford Cereal Company Packaging Process

 

    Sampling Distribution of the Mean. Sampling Distribution of the Proportion.

    Types of Survey Sampling Methods. Evaluating Survey Worthiness.

 

 

8. Confidence Interval Estimation  
    Using Statistics: Auditing Invoices at the Saxon Plumbing Company

 

    Confidence Interval Estimation of the Mean (s Known). Confidence Interval

    Estimation of the Mean (s Unknown).  Confidence Interval Estimation for the

    Proportion. Determining Sample Size. Confidence Interval Estimation and

    Ethical Issues.   
     

9. Fundamentals of Hypothesis Testing
    Using Statistics: The Oxford Cereal Company Packaging Process

 

   Hypothesis-Testing Methodology. Z Test of Hypothesis for the Mean (s Known).

   One-Tailed Tests.  t Test of Hypothesis for the Mean (s Unknown). Z Test of

   Hypothesis for the Proportion.  Potential Hypothesis-Testing Pitfalls and Ethical

   Issues. 
    

10. Two Sample Tests using the Normal and t Distributions
      Using Statistics: Comparing Sales from End-Aisle Displays and Normal

      Displays

 

     Comparing Two Independent Samples:  Tests for Differences in Two Means.    

     Comparing Two Related Samples: Tests for the Mean Difference.  Z Test for the

     Difference between Two Proportions.
 

11. Chi-Square Tests and F Tests 
      Using Statistics: Guest satisfaction at T. C. Resort Properties

 

      Chi-Square Test for Differences between Two Proportions. Chi-Square Test for

      Differences in Among More than Two Proportions. Chi-Square Test of

      Independence. Chi-Square Goodness of Fit Tests. F Test for Differences in Two   

      Variances. The Analysis of Variance  (ANOVA).


12. Simple Linear Regression
      Using Statistics: Forecasting Sales at the Sunflowers Clothing Stores

 

      Correlation and Simple Linear Regression. Determining the Simple Linear

      Regression Equation.  Measures of Variation.  Model Assumptions and Residual

      Analysis. Measuring Autocorrelation: The Durbin-Watson Statistic. Inferences

      Concerning the Slope. Estimation of Mean Values and Prediction of Individual

      Values. Pitfalls in Regression and Ethical Issues.  Computations in Simple

      Linear Regression.

 

13. Multiple Regression 
      Using Statistics: Predicting OmniPower Sales

 

      Developing the Multiple Regression Model. R2, adjusted R2, and the Overall F

      test. Model Assumptions and Residual Analysis.  Inferences Concerning the

      Population Regression Coefficients. Using Dummy-Variables  and Interaction

      Terms in Regression Models. The Quadratic Regression Model.

      Collinearity. Model Building. Pitfalls in Multiple Regression and Ethical Issues.

14. Statistical Applications in Quality and Productivity Management 

     Using Statistics: Service Quality at the Beachcomber Hotel

 

     Total Quality Management. Six Sigma® Management. The Theory of Control

     Charts. Control Chart for the Proportion of Nonconforming Items–The p Chart.

     The Red Bead Experiment: Understanding Process Variability. Control Charts

     for the Range  and the Mean.

 

Answers to Self — Test Problems

 

Answers to Even-Numbered Problems

 

Appendices

 

Index

 

CD-ROM TOPICS

 

Chapter Sections

 

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  • 0131991221Business Statistics: First Course and Student CD, CourseSmart eTextbook, 4/E
    Levine, Krehbiel & Berenson
    © 2006 | Prentice Hall | On-line Supplement; 624 pages | Instock
    ISBN-10: 0131991221 | ISBN-13: 9780131991224
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