Designed for readers with a background in basic algebra, this best-selling introduction to statistics for business and economics emphasizes inference—with extensive coverage of data collection and analysis as needed to evaluate the reported results of statistical studies and make good business decisions. It stresses the development of statistical thinking, the assessment of credibility and value of the inferences made from data—both by those who consume and those who produce them—and features numerous case studies, examples, and exercises—all drawing on real business situations and recent economic events. Statistics, Data, and Statistical Thinking. Methods for Describing Sets of Data. Probability. Random Variables and Probability Distributions. Inferences Based on a Single Sample: Estimation with Confidence Intervals. Inferences Based on a Single Sample: Tests of Hypothesis. Comparing Population Means. Comparing Population Proportions. Simple Linear Regression. Introduction to Multiple Regression. Basic Methods for Quality Improvement. For anyone interested in statistics for business and economics.

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This book presents balanced coverage of the theory and application of statistics while enhancing student's critical thinking skills. It teaches students how to analyze data that appear in situations in the world around them - almost all of the examples and exercises are based on current, real-world applications pulled from journals, magazines, news articles, and commerce. The text shows students that knowledge of statistics is important to their own lives.

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