Practical Business Statistics (Mcgraw-Hill/Irwin Series Operations and Decision Sciences)

By Andrew F. Siegel and Michael R Wagner

Book Overview

Practical Business Statistics, Sixth Edition, is a conceptual , realistic, and matter-of-fact approach to managerial statistics that carefully maintains, but does not overemphasize, mathematical correctness. The book offers a deep understanding of how to learn from data and how to deal with uncertainty while promoting the use of practical computer applications. This teaches present and future managers how to use and understand statistics without an overdose of technical detail, enabling them to better understand the concepts at hand and to interpret results. The text uses excellent examples with real world data relating to the functional areas within Business such as finance, accounting, and marketing. It is well written and designed to help students gain a solid understanding of fundamental statistical principles without bogging them down with excess mathematical details. This edition features many examples and problems that have been updated with more recent data sets, and continues to use the ever-changing Internet as a data source. Supplemental materials include companion website with datasets and software. Each chapter begins with an overview, showing why the subject is important to business, and ends with a comprehensive summary, with key words, questions, problems, database exercises, projects, and cases in most chapters. This text is written for the introductory business/management statistics course offered for undergraduate students or Quantitative Methods in Management/ Analytics for Managers at the MBA level.

• Format: Hardcover
• Language: English
• ISBN: 0123852080
• ISBN13: 9780123852083
• Release Date: February 2011
• Publisher: Academic Press
• Length: 619 Pages
• Weight: 4.45 lbs.
• Dimensions: 1.4" x 8.7" x 11.0"

Customer Reviews

Great Service

The product arrived as described and several days early. What more could you ask for?

Excellent

The used book I purchased looked new. It was in excellent condition. I would definitely use this service again!!!

Good and gentle introduction to statistics

Prof. Siegel's book is a great introductory text for business graduates with little prior exposure to statistics. The text covers many of the basic topics in statistics and ties them nicely to real world cases and problems. The book starts with a description of the basic constructs of statistics - data sets, distributions, and variability. IT follows with an introduction to probability and covers random variables. The text continues to cover statistical inference, confidence intervals, and hypothesis testing. Finally the book gets to regression and time series analysis and demonstrates several applications of the techniques covered. The book comes with a CD that contains lecture presentations (very useful), all the data sets in the books (saves you typing), and an excel add-on called StatPad that provides many useful statistical tools. Overall I think that this text is a good choice for MBA students and business professionals with little background in statistics. It is very user-friendly and is well grounded in business.

Instead of a "mean" they should call it a "nice"

I had the privelege of taking an MBA level course from Andy Siegel. The style of the text reflects the simply, user-friendly way he communicates in class. Not having taken a stats class before, I was happy to find a professor who could take a dry, complex subject and make it interesting and relatively painless. More professors should use this text!