Nelson Higher Education

Higher Education

Statistics for Business & Economics, 13th Edition

  • includes XLSTAT Lite Printed Access Card
  • David R. Anderson
  • Dennis J. Sweeney
  • Thomas A. Williams
  • Jeffrey D. Camm
  • James J. Cochran
  • ISBN-10: 1305585313
  • ISBN-13: 9781305585317
  • 1120 Pages | Hardcover
  • Previous Editions: 2014, 2011, 2009
  • COPYRIGHT: 2017 Published
Request a Copy for Review

Overview

About the Product

Drawing from the authors’ unmatched experience as professors and consultants, STATISTICS FOR BUSINESS AND ECONOMICS, 13e, delivers sound statistical methodology, a proven problem-scenario approach, and meaningful applications that clearly demonstrate how statistical information informs decisions in actual business practice. More than 350 real business examples, cases, and hands-on exercises present the latest statistical data and business information with unwavering accuracy. Creating the most relevant text possible, you can select the topics that best meet your students’ needs, including coverage of popular commercial statistical software programs like Minitab 17 and Excel 2013, along with other leading Excel 2013 statistical add-ins. These optional chapter appendices, coordinating online data sets, and support materials like the MindTap online course management system make the 13th edition the most customizable, efficient, and powerful business statistics solution available.

Features

  • TRUSTED TEAM OF DISTINGUISHED AUTHORS ENSURES THE MOST ACCURATE, PROVEN PRESENTATION. Prominent leaders and active consultants in business and statistics, authors David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, and James J. Cochran deliver an accurate, real-world presentation of statistical concepts you can trust with every edition.

  • LEADING PROBLEM-SCENARIO APPROACH HELPS STUDENTS EASILY UNDERSTAND AND APPLY CONCEPTS. A hallmark strength of this text is its unique approach that ensures students fully comprehend statistical techniques within an applications setting. The statistical results provide insights into business decisions and detail how statistics are used within real-world practice to solve problems.

  • SYSTEMATIC APPROACH EMPHASIZES PROVEN METHODS AND APPLICATIONS. Students first develop a computational foundation and thoroughly learn the use of techniques before moving to statistical application and interpretation of the value of techniques. Methods Exercises at the end of each section stress computation and use of formulas, while Application Exercises require students to apply what they know about statistics to real-world problems.

  • USE OF CUMULATIVE STANDARD NORMAL DISTRIBUTION TABLE PREPARES STUDENTS TO WORK WITH STATISTICAL SOFTWARE. To more effectively prepare students to readily use computer software in statistics, the text incorporates a normal probability table consistent with today’s statistical software. This cumulative normal probability table also makes it easier to compute p-values for hypothesis testing.

About the Author

David R. Anderson

Dr. David R. Anderson is a leading author and Professor Emeritus of Quantitative Analysis in the College of Business Administration at the University of Cincinnati. He has served as head of the Department of Quantitative Analysis and Operations Management and as Associate Dean of the College of Business Administration. He was also coordinator of the college’s first Executive Program. In addition to introductory statistics for business students, Dr. Anderson has taught graduate-level courses in regression analysis, multivariate analysis, and management science. He also has taught statistical courses at the Department of Labor in Washington, D.C. Dr. Anderson has received numerous honors for excellence in teaching and service to student organizations. He is the co-author of ten well-respected textbooks related to decision sciences and actively consults with businesses in the areas of sampling and statistical methods. Born in Grand Forks, North Dakota, he earned his B.S., M.S., and Ph.D. degrees from Purdue University.

Dennis J. Sweeney

Dennis J. Sweeney is Professor Emeritus of Quantitative Analysis and founder of the Center for Productivity Improvement at the University of Cincinnati. Born in Des Moines, Iowa, he earned a BSBA degree from Drake University and his MBA and DBA degrees from Indiana University, where he was an NDEA Fellow. Professor Sweeney has worked in the management science group at Procter & Gamble and has been a visiting professor at Duke University. Professor Sweeney served as Head of the Department of Quantitative Analysis and four years as Associate Dean of the College of Business Administration at the University of Cincinnati. Professor Sweeney has published more than 30 articles and monographs in the area of management science and statistics. The National Science Foundation, IBM, Procter & Gamble, Federated Department Stores, Kroger and Cincinnati Gas & Electric have funded his research, which has been published in Management Science, Operations Research, Mathematical Programming, Decision Sciences and other journals. Professor Sweeney has co-authored ten textbooks in the areas of statistics, management science, linear programming and production and operations management.

Thomas A. Williams

N/A

Jeffrey D. Camm

Dr. Jeffrey D. Camm is the Inmar Presidential Chair and Associate Dean of Business Analytics in the School of Business at Wake Forest University. Born in Cincinnati, Ohio, he holds a B.S. from Xavier University (Ohio) and a Ph.D. from Clemson University. Prior to joining the faculty at Wake Forest, he served on the faculty of the University of Cincinnati. He has also served as a visiting scholar at Stanford University and as a visiting Professor of Business Administration at the Tuck School of Business at Dartmouth College. Dr. Camm has published more than 40 papers in the general area of optimization applied to problems in operations management and marketing. He has published his research in numerous professional journals, including Science, Management Science, Operations Research and Interfaces. Dr. Camm was named the Dornoff Fellow of Teaching Excellence at the University of Cincinnati and he was the 2006 recipient of the INFORMS Prize for the Teaching of Operations Research Practice. A firm believer in practicing what he preaches, he has served as an operations research consultant to numerous companies and government agencies. From 2005 to 2010 he served as editor-in-chief of Interfaces. In 2016, Dr. Camm received the George E. Kimball Medal for service to the operations research profession and in 2017 he was named an INFORMS Fellow.

James J. Cochran

James J. Cochran is Associate Dean for Research, Professor of Applied Statistics and the Rogers-Spivey Faculty Fellow at The University of Alabama. Born in Dayton, Ohio, he earned his B.S., M.S., and M.B.A. from Wright State University and his Ph.D. from the University of Cincinnati. He has been at The University of Alabama since 2014 and has been a visiting scholar at Stanford University, Universidad de Talca, the University of South Africa and Pole Universitaire Leonard de Vinci. Dr. Cochran has published more than 40 papers in the development and application of operations research and statistical methods. He has published in several journals, including Management Science, The American Statistician, Communications in Statistics—Theory and Methods, Annals of Operations Research, European Journal of Operational Research, Journal of Combinatorial Optimization, Interfaces and Statistics and Probability Letters. He received the 2008 INFORMS Prize for the Teaching of Operations Research Practice, 2010 Mu Sigma Rho Statistical Education Award and 2016 Waller Distinguished Teaching Career Award from the American Statistical Association. Dr. Cochran was elected to the International Statistics Institute in 2005, was named a Fellow of the American Statistical Association in 2011 and was named a Fellow of INFORMS in 2017. He received the Founders Award in 2014, the Karl E. Peace Award in 2015 from the American Statistical Association and the INFORMS President’s Award in 2019. A strong advocate for effective operations research and statistics education as a means of improving the quality of applications to real problems, Dr. Cochran has chaired teaching effectiveness workshops around the globe. He has served as operations research consultant to numerous companies and not-for-profit organizations.

Table of Contents

Preface.
1. Data and Statistics.
2. Descriptive Statistics: Tabular and Graphical Displays.
3. Descriptive Statistics: Numerical Measures.
4. Introduction to Probability.
5. Discrete Probability Distributions.
6. Continuous Probability Distributions.
7. Sampling and Sampling Distributions.
8. Interval Estimation.
9. Hypothesis Tests.
10. Inference about Means and Proportions with Two Populations.
11. Inferences about Population Variances.
12. Comparing Multiple Proportions, Test of Independence and Goodness of Fit.
13. Experimental Design and Analysis of Variance.
14. Simple Linear Regression.
15. Multiple Regression.
16. Regression Analysis: Model Building.
17. Time Series Analysis and Forecasting.
18. Nonparametric Methods.
19. Statistical Methods for Quality Control.
20. Index Numbers.
21. Decision Analysis (online).
22. Sample Survey (online).
Appendix A. References and Bibliography.
Appendix B. Tables.
Appendix C. Summation Notation.
Appendix D. Self-Test Solutions and Answers to Even–Numbered Exercises.
Appendix E. Microsoft Excel 2013 and Tools for Statistical Analysis.
Appendix F. Computing p-Values Using Minitab and Excel.
Index.

New to this edition

  • REVISED APPROACH TO CALCULATING PERCENTILES. Chapter 3, Descriptive Statistics: Numerical Measures, now uses the approach recommended by the National Institute of Standards and Technology (NIST) and also used by a wide variety of software. In addition, the NIST-recommended approach for calculating percentiles is integrated throughout the textbook wherever percentiles are used (for example, when creating a box plot or when calculating quantiles or an interquartile range).
  • MINDTAP PROVIDES STUDENTS WITH TOOLS FOR BETTER TIME MANAGEMENT. Students can complete assignments whenever and wherever they are ready to learn with course material specially customized by you and streamlined in one proven, easy-to-use interface. MINDTAP gives students a roadmap to master decision-making in business statistics. Its vast array of resources, tools, and apps -- including all new Excel Online activities powered by Microsoft, new Exploring Statistics interactive visualizations, problem-solving videos, animated examples and practice opportunities, Interpreting the Results assignments note taking, and flashcards -- ensures learners have everything they need to maximize course success.
  • UPDATED APPENDICES INCLUDE THE LATEST SOFTWARE. All step-by-step instructions in the software appendices and all textbook figures featuring software output have been updated to reflect Excel 2013 and Minitab 17. This equips students with exposure to and hands-on experience with the current versions of two of the most commonly used software for statistical analysis in business.
  • XLSTAT Education Edition. Every new copy of the text now comes with free access to XLSTAT Education Edition. Available on Cengagebrain.com, XLSTAT Education Edition offers a powerful data analysis option for Excel that includes all of the necessary support for introductory business statistics courses. XLSTAT is available for Office for Windows or Office for Mac based on the user’s needs!
  • Unparalleled Software Options. Bundle options in support of popular statistics software packages are now available that include the latest versions of Minitab 17 and Minitab Express (Minitab Express is a new introductory statistics package that supports Mac computers), JMP, and SPSS. ‘Tip Sheets’ offer resources that include step-by-step instructions with screenshots that walk students through the software. The text DATAfiles are available in .csv format for easy import into these popular software packages. Contact your Cengage representative for ordering information!
  • TWO ALL-NEW CASE PROBLEMS. A new probability modeling case has been added to Chapter 5, while a new simple linear regression case appears in Chapter 14. The 33 case problems in this book provide students the opportunity to put what they’ve learned into action by working on more complex problems, analyzing larger data sets, and preparing managerial reports based on the results of their analyses.
  • NEW EXAMPLES BASED ON REAL DATA. Bringing statistical concepts to life, more than 180 new examples and exercises reflect real data and referenced sources. Data from sources used by THE WALL STREET JOURNAL, USA TODAY, BARRON’S, and others draw from actual studies and applications to develop explanations and create exercises that demonstrate the many uses of statistics in business and economics. The 13th edition contains upwards of 350 examples and exercises based on real data.

Supplements

All supplements have been updated in coordination with the Main title.
Please see Main title page for new to this edition information.

Instructor Supplements

Website  (ISBN-10: 1305585755 | ISBN-13: 9781305585751)

Everything you need for your course is in one place! This collection of title-specific lecture and class tools is available online via www.cengage.com/login. Access and download PowerPoint® presentations, the Solutions Manual, DATAfiles, and more.

Solutions Manual  (ISBN-10: 130558533X | ISBN-13: 9781305585331)

Prepared by the text’s authors, the Solutions Manual includes solutions to all problems in the text and has been thoroughly updated to correspond with the newly revised thirteenth edition. For your convenience, this edition shows the exercise solution steps using the cumulative normal distribution and offers more details about how to compute p-values. This Solutions Manual is available on the password-protected section of the instructor website.

Cengage Testing, powered by Cognero® Instant Access  (ISBN-10: 1305585372 | ISBN-13: 9781305585379)

Cengage Learning Testing, powered by Cognero®, is a flexible, online system that allows you to import, edit, and manipulate content from the text’s test bank or elsewhere, including your own favorite test questions. Create multiple test versions in an instant and deliver tests from your LMS, your classroom, or wherever you want.

XLSTAT Education Edition, 2 terms (12 months) Instant Access  (ISBN-10: 1305882032 | ISBN-13: 9781305882034)

Every new copy of the text now comes with free access to XLSTAT Education Edition. Available on Cengagebrain.com, XLSTAT Education Edition offers a powerful data analysis option for Excel that includes all of the necessary support for introductory business statistics courses. XLSTAT is available for Office for Windows or Office for Mac up through the latest release of Excel 2016.

MindTap Business Statistics with XLSTAT, 1 term (6 months) Instant Access for Anderson/Sweeney/Williams/Camm/Cochran's Statistics for Business & Economics  (ISBN-10: 1305948025 | ISBN-13: 9781305948020)

MindTap PROVIDES STUDENTS WITH TOOLS FOR BETTER TIME MANAGEMENT. Students can complete assignments whenever and wherever they are ready to learn with course material specially customized by you and streamlined in one proven, easy-to-use interface. MindTap gives students a roadmap to master decision-making in business statistics. Its vast array of resources, tools, and apps -- including all new Excel Online activities powered by Microsoft, new Exploring Statistics interactive visualizations, problem-solving videos, animated examples and practice opportunities, Interpreting the Results assignments note taking, and flashcards -- ensures learners have everything they need to maximize course success.

MindTap Business Statistics with XLSTAT, 2 terms (12 months) Instant Access for Anderson/Sweeney/Williams/Camm/Cochran's Statistics for Business & Economics  (ISBN-10: 1305586441 | ISBN-13: 9781305586444)

MindTap PROVIDES STUDENTS WITH TOOLS FOR BETTER TIME MANAGEMENT. Students can complete assignments whenever and wherever they are ready to learn with course material specially customized by you and streamlined in one proven, easy-to-use interface. MindTap gives students a roadmap to master decision-making in business statistics. Its vast array of resources, tools, and apps -- including all new Excel Online activities powered by Microsoft, new Exploring Statistics interactive visualizations, problem-solving videos, animated examples and practice opportunities, Interpreting the Results assignments note taking, and flashcards -- ensures learners have everything they need to maximize course success.

LMS Integrated MindTap Business Statistics with XLSTAT, 1 term (6 months) Instant Access  (ISBN-10: 1305948041 | ISBN-13: 9781305948044)

This access code will provide your students with seamless access to their MindTap Business Statistics resources from within your campus Learning Management System. Students will be prompted to enter this access code the first time that they click on a link in your course that includes Cengage content.

LMS Integrated MindTap Business Statistics with XLSTAT, 2 terms (12 months) Instant Access  (ISBN-10: 1305948068 | ISBN-13: 9781305948068)

This access code will provide your students with seamless access to their MindTap Business Statistics resources from within your campus Learning Management System. Students will be prompted to enter this access code the first time that they click on a link in your course that includes Cengage content.

CengageNOW with XLSTAT, 2 terms (12 months) Instant Access  (ISBN-10: 1305586476 | ISBN-13: 9781305586475)

With its engaging learning and assessment tools, CengageNOW supports the entire student workflow, from motivation to mastery. For instructors, CengageNOW provides control and customization with the opportunity to tailor the learning experience to improve outcomes.

LMS Integrated CengageNOW with XLSTAT, 1 term (6 months) Instant Access  (ISBN-10: 1337094412 | ISBN-13: 9781337094412)

This access code will provide your students with seamless access to their CengageNOW resources from within your campus Learning Management System. Students will be prompted to enter this access code the first time that they click on a link in your course that includes Cengage content.

LMS Integrated CengageNOW with XLSTAT, 2 terms (12 months) Instant Access  (ISBN-10: 1337094439 | ISBN-13: 9781337094436)

This access code will provide your students with seamless access to their CengageNOW resources from within your campus Learning Management System. Students will be prompted to enter this access code the first time that they click on a link in your course that includes Cengage content.

LMS Integrated Aplia with XLSTAT, 1 term (6 months) Instant Access  (ISBN-10: 1337094609 | ISBN-13: 9781337094603)

This access code will provide your students with seamless access to their Aplia resources from within your campus Learning Management System. Students will be prompted to enter this access code the first time that they click on a link in your course that includes Cengage content.

LMS Integrated Aplia with XLSTAT, 2 terms (12 months) Instant Access  (ISBN-10: 1337094625 | ISBN-13: 9781337094627)

This access code will provide your students with seamless access to their Aplia resources from within your campus Learning Management System. Students will be prompted to enter this access code the first time that they click on a link in your course that includes Cengage content.

Student Supplements

XLSTAT Education Edition, 2 terms (12 months) Instant Access  (ISBN-10: 1305882032 | ISBN-13: 9781305882034)

Every new copy of the text now comes with free access to XLSTAT Education Edition. Available on Cengagebrain.com, XLSTAT Education Edition offers a powerful data analysis option for Excel that includes all of the necessary support for introductory business statistics courses. XLSTAT is available for Office for Windows or Office for Mac up through the latest release of Excel 2016.

MindTap Business Statistics with XLSTAT, 1 term (6 months) Instant Access for Anderson/Sweeney/Williams/Camm/Cochran's Statistics for Business & Economics  (ISBN-10: 1305948025 | ISBN-13: 9781305948020)

MindTap PROVIDES YOU WITH THE TOOLS YOU NEED TO BETTER MANAGE YOUR LIMITED TIME. --With MindTap you can complete assignments whenever and wherever you are ready to learn with course material specially customized for you by your instructor and streamlined in one proven, easy-to-use interface. MindTap gives you a roadmap to master decision-making in business statistics. With an array of resources, tools, and apps --– including all new Excel Online activities powered by Microsoft, new Exploring Statistics interactive visualizations, problem-solving videos, animated examples and practice opportunities, decision simulations Interpreting the Results assignments, note taking, and flashcards -- you’ll get a true understanding of course concepts, helping you to achieve better grades and setting the groundwork for your future courses.

MindTap Business Statistics with XLSTAT, 2 terms (12 months) Instant Access for Anderson/Sweeney/Williams/Camm/Cochran's Statistics for Business & Economics  (ISBN-10: 1305586441 | ISBN-13: 9781305586444)

MindTap PROVIDES YOU WITH THE TOOLS YOU NEED TO BETTER MANAGE YOUR LIMITED TIME. --With MindTap you can complete assignments whenever and wherever you are ready to learn with course material specially customized for you by your instructor and streamlined in one proven, easy-to-use interface. MindTap gives you a roadmap to master decision-making in business statistics. With an array of resources, tools, and apps --– including all new Excel Online activities powered by Microsoft, new Exploring Statistics interactive visualizations, problem-solving videos, animated examples and practice opportunities, decision simulations Interpreting the Results assignments, note taking, and flashcards -- you’ll get a true understanding of course concepts, helping you to achieve better grades and setting the groundwork for your future courses.

LMS Integrated MindTap Business Statistics with XLSTAT, 1 term (6 months) Instant Access  (ISBN-10: 1305948041 | ISBN-13: 9781305948044)

This access code will provide you with seamless access to your MindTap Business Statistics resources from within your campus Learning Management System. You will be prompted to enter this access code the first time that you click on a link in your course that includes Cengage content.

LMS Integrated MindTap Business Statistics with XLSTAT, 2 terms (12 months) Instant Access  (ISBN-10: 1305948068 | ISBN-13: 9781305948068)

This access code will provide you with seamless access to your MindTap Business Statistics resources from within your campus Learning Management System. You will be prompted to enter this access code the first time that you click on a link in your course that includes Cengage content.

CengageNOW with XLSTAT, 1 term (6 months) Instant Access  (ISBN-10: 1337094390 | ISBN-13: 9781337094399)

This access code entitles you to 1 course enrollment. The duration of the code is course length + 14 days. Have the tools you need to be successful -- A variety of tools are available in CengageNOW, all combined in one easy-to-use resource designed to improve your grades. Some resources get you prepared for class and help you succeed on homework, and others show you specific areas where you can work to improve.

CengageNOW with XLSTAT, 2 terms (12 months) Instant Access  (ISBN-10: 1305586476 | ISBN-13: 9781305586475)

This access code entitles you to 2 non-consecutive course enrollments. The duration of the code is course length +14 days. Have the tools you need to be successful -- A variety of tools are available in CengageNOW, all combined in one easy-to-use resource designed to improve your grades. Some resources get you prepared for class and help you succeed on homework, and others show you specific areas where you can work to improve.

LMS Integrated CengageNOW with XLSTAT, 1 term (6 months) Instant Access  (ISBN-10: 1337094412 | ISBN-13: 9781337094412)

This access code will provide you with seamless access to your CengageNOW resources from within your campus Learning Management System. You will be prompted to enter this access code the first time that you click on a link in your course that includes Cengage content.

LMS Integrated CengageNOW with XLSTAT, 2 terms (12 months) Instant Access  (ISBN-10: 1337094439 | ISBN-13: 9781337094436)

This access code will provide you with seamless access to your CengageNOW resources from within your campus Learning Management System. You will be prompted to enter this access code the first time that you click on a link in your course that includes Cengage content.

LMS Integrated Aplia with XLSTAT, 1 term (6 months) Instant Access  (ISBN-10: 1337094609 | ISBN-13: 9781337094603)

This access code will provide you with seamless access to your Aplia resources from within your campus Learning Management System. You will be prompted to enter this access code the first time that you click on a link in your course that includes Cengage content.

LMS Integrated Aplia with XLSTAT, 2 terms (12 months) Instant Access  (ISBN-10: 1337094625 | ISBN-13: 9781337094627)

This access code will provide you with seamless access to your Aplia resources from within your campus Learning Management System. You will be prompted to enter this access code the first time that you click on a link in your course that includes Cengage content.