Nelson Higher Education

Higher Education

Statistics for Management and Economics, 10th Edition

  • Gerald Keller
  • ISBN-10: 1285425456
  • ISBN-13: 9781285425450
  • 992 Pages | Hardcover
  • Previous Editions: 2012, 2009, 2005
  • COPYRIGHT: 2015 Published
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About the Product

This worldwide best-selling business statistics text emphasizes applications over calculation. STATISTICS FOR MANAGEMENT AND ECONOMICS, Tenth Edition, demonstrates how vital statistical methods are for today's managers and economists--and teaches students how to apply these tools to real business problems. Through the author's unique three-step "ICI" approach to problem solving, students learn to IDENTIFY the correct statistical technique by focusing on the problem objective and data type, then COMPUTE the statistics (doing them by hand, using Excel® 2013, or using MINITAB), and ultimately INTERPRET results in the context of the problem. This approach enhances student comprehension and skills while offering you maximum flexibility. Incorporating various functional areas of business, data-driven examples, exercises, and cases demonstrate statistical applications used by marketing managers, financial analysts, accountants, economists, and others, giving students the hands-on practice they need, while sound pedagogical elements make the material accessible to undergrads. The tenth edition also includes Excel® 2013 and MINITAB 16 coverage and access to Data Analysis Plus via the textbook companion website.


  • Aplia for introductory Business Statistics is available for this text, giving students an easy way to stay on top of coursework with regularly scheduled assignments.

  • Emphasis on identification and interpretation provides students with practical skills that they can apply to real-world problems, whether the course uses manual or computer calculations.

  • Students have the opportunity to convert real data into information, and the optional use of the computer allows for larger and more realistic exercises and examples.

  • With a substantial number of data files and corresponding problems that ask students to interpret statistical results, students are provided ample opportunities to practice data analysis and decision making.

  • Instructors can use the data sets for hundreds of additional examples and exercises.

  • Students can use the "Do-It-Yourself Excel" subsections that teach them how to compute confidence interval estimators and hypothesis tests on their own.

About the Author

Gerald Keller

Gerald Keller is Emeritus Professor of Business at Wilfrid Laurier University, where he taught statistics, management science and operations management from 1974 to 2011.

Table of Contents

1. What is Statistics?
2. Graphical Descriptive Techniques I.
3. Graphical Descriptive Techniques II.
4. Numerical Descriptive Techniques.
5. Data Collection and Sampling.
6. Probability.
7. Random Variables and Discrete Probability Distributions.
8. Continuous Probability Distributions.
9. Sampling Distributions.
10. Introduction to Estimation.
11. Introduction to Hypothesis Testing.
12. Inference about a Population.
13. Inference about Comparing Two Populations.
14. Analysis of Variance.
15. Chi-Squared Tests.
16. Simple Linear Regression and Correlation.
17. Multiple Regression.
18. Model Building.
19. Nonparametric Statistics.
20. Time-Series Analysis and Forecasting.
21. Statistical Process Control.
22. Decision Analysis.
23. Conclusion.
Appendix A. Data File Sample Statistics.
Appendix B. Tables.
Appendix C. Answers to Selected Even-Numbered Exercises.

New to this edition

  • This edition has been updated to reflect new screenshots and techniques in Excel® 2013.
  • MINITAB® 16 coverage has been updated throughout the text, featuring new screenshots and features.
  • End-of-chapter exercises have been updated throughout the text to provide multiple assignment options for instructors and new learning opportunities for students.
  • Figure and data tables have been updated throughout the text.
  • STATISTICS FOR MANAGEMENT AND ECONOMICS offers an enhanced and interactive eBook, MindTap™ Reader, for students.


Student Supplements

LMS Integrated for Aplia, 1 term Instant Access  (ISBN-10: 1305255151 | ISBN-13: 9781305255159)

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