Essentials of Statistics for Business and Economics

A brief introduction to business statistics that balances a conceptual understanding of statistics with the real-world application of statistical methodology. This essentials version features selected core topics from the author's popular Statistics for Business and Economics, 6th, condensed into 13 chapters. It includes many of the highlights of its parent, including the problem-scenario approach using real-world examples to introduce statistical techniques; chapter-opening Statistics in Practice applications from the business world; and Notes & Comments sections that provide additional insights on statistical methodology and how to avoid common mistakes. Methods, Applications, and Self-Test exercises include hundreds of problems based on real data. Examples and exercises throughout focus on ways that statistics contribute to improving the quality of products and services. This text can also be computer integrated at the discretion of the instructor. Output for analysis based on Minitab is included throughout the text; instruction for data analysis based on Excel and Minitab is included in appendices of appropriate chapters. Computer cases are also provided, with data sets available on disk in Minitab, Excel, and Data Analyst formats.

Thomas A. Williams is Professor of Management Science in the College of Business at Rochester Institute of Technology. Born in Elmira New York he earned his B.S. degree at Clarkson University. He did his graduate work at Rensselaer Polytechnic Institute where he received his M.S. and Ph.D. degrees.