Business Statistics: Decision Making with Data - Couverture rigide

Johnson, Richard A.; Wichern, Dean W.

 
9780471592136: Business Statistics: Decision Making with Data

Synopsis

Effective management decision making requires operating experience with quantitative information and analysis. This text offers experience in dealing with real data and opportunities to see how data analysis and inference can affect business decisions. "Statistics in Context" sections in each chapter present a set of real data and a complete case description. Examples, exercises and cases reinforce the assumption that statistical thinking is an important part of competitively-driven decision making. They depict the firm as a system susceptible to analysis for understanding and improving its processes through the use of statistics. The book is organized into six areas: data description and summary; data collection; foundations for inference (probability rules and distributions); inferences about means and proportions; linear models; and statistics and management.

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Présentation de l'éditeur

This book helps readers understand the reasoning by which findings from sample data can be extended to general conclusions to solve business problems. It discusses statistical methods and includes an explanation of their underlying assumptions and the dangers of ignoring them. It emphasizes the use of computers for calculations and provides numerous data sets and computer outputs.

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