Using Statistics for Better Business Decisions

More and more organizations around the globe are expecting that professionals will make objective decisions using relevant supporting data. Employees, team leaders, managers, and executives that can think ?quantitatively? should be in high demand. This book is students who have not been introduced to the field of statistics. It covers the role statistics plays in the business world. The goal of this book is to help increase readers? ability to collect, organize, and analyze data to facilitate making more effective decisions. Techniques are covered that can help any manager or business person who is responsible for decision making. Dr. Bateh believes that organizations are seeking professionals that have the ability to identify a problem and an objective, determine key stakeholders, apply theoretical concepts to solving the problem, and present conclusions or recommendations to key stakeholders in a clear and concise form. In other words, he believes in teaching students not only how to identify a problem, but how to solve problems. This course has been created for decision makers whose primary goal is not just to do the calculation and the analysis, but to understand them, and make recommendations to key stakeholders. This book will provide you with a solid foundation for thinking quantitatively within your company. This book is for beginners and does not require prior statistical training. All computations will be completed using Microsoft Excel.

Dr. Justin Bateh is a professor in the School of Business and Professional Studies at Florida State College at Jacksonville, where he teaches management, operations, and statistics courses. He received a doctorate in business administration from Walden University. Following his doctoral studies, he pursued post-graduate specializations from Penn State University in applied statistics and from the University of Arkansas in operations management. His research interests are focused on the appropriate use of statistical methods and quantitative approaches to problems in organizational management and leadership.

Dr. Bert G. Wachsmuth, associate professor of mathematics and computer science at Seton Hall University, received his PhD from Indiana University, where he worked on problems related to the Monge Ampère Equation in Several Complex Variables. In addition to pursuing a rigorous research program, Dr. Wachsmuth is an avid programmer and he is currently interested-aside from mathematics-in robotics, small device programming, and technology applications in teaching and learning. He has also developed an open-source online survey system and evaluation tool that is widely used to help institutions and organizations manage and deliver surveys and analyze their results.