Statistics for management and economics (Quantitative methods and applied statistics series)

This book presents statistical concepts and principles in the context of substantive applications in business and economics. This fifth edition features new and improved discussions on time series, exploratory data analysis, emphasis on the test of equality means with unequal standard deviation and full coverage of statistical process control, including discussions of quality improvement, process control and control charts. The book is intended for use by students on courses in introductory business statistics and statistics for management and economics.

This text presents principles and practices of statistics in the context of substantive, engaging and up-to-date applications in management, business and economics. Authentic business applications encourage student interest and provide a spark for learning while clear discussions, outstanding graphics, and numerous pedagogical aids make learning easier. Watson presents output from Minitab, MYSTAT, and SAS throughout the text with accompanying discussion that helps students interpret the output. Clarity, accuracy, and applicability are emphasized in this new edition which includes many improvements in organization, content, and design.