Book description
The second edition of Business Statistics, continues to retain the clear, crisp pedagogy of the first edition. It now adds new features and an even stronger emphasis on practical, applied statistics that will enhance the text's ability in developing decision-making ability of the reader. In this edition, efforts have been made to assist readers in converting data into useful information that can be used by decision-makers in making more thoughtful, information-based decisions.
Table of contents
- Cover
- Title Page
- Contents
- Preface to the Second Edition
- Preface
-
Chapter 1 - Statistics: an Overview
- 1.1 - REASONS FOR LEARNING STATISTICS
- 1.2 - GROWTH AND DEVELOPMENT OF STATISTICS
- 1.3 - STATISTICAL THINKING AND ANALYSIS
- 1.4 - STATISTICS DEFINED
- 1.5 - TYPES OF STATISTICAL METHODS
- 1.6 - IMPORTANCE AND SCOPE OF STATISTICS
- 1.7 - LIMITATIONS OF STATISTICS
- 1.8 - HOW TO LIE WITH STATISTICS
- Conceptual Questions 1A
- 1.9 - NEED FOR DATA
- 1.10 - PRINCIPLES OF MEASUREMENT
- 1.11 - SOURCES OF DATA
- Conceptual Questions 1B
- Chapter Concepts Quiz
-
Chapter 2 - Data Classification, Tabulation and Presentation
- 2.1 - INTRODUCTION
- 2.2 - CLASSIFICATION OF DATA
- 2.3 - ORGANIZING DATA USING DATA ARRAY
- Conceptual Questions 2A
- Self-Practice Problems 2A
- Hints and Answers
- 2.4 - TABULATION OF DATA
- Conceptual Questions 2B
- Self-Practice Problems 2B
- Hints and Answers
- 2.5 - GRAPHICAL PRESENTATION OF DATA
- 2.6 - TYPES OF DIAGRAMS
- 2.7 - EXPLORATORY DATA ANALYSIS
- Conceptual Questions 2C
- Self-Practice Problems 2C
- Hints and Answers
- Formulae Used
- Chapter Concepts Quiz
- Review Self-Practice Problems
- Case Studies
-
Chapter 3 - Measures of Central Tendency
- 3.1 - INTRODUCTION
- 3.2 - OBJECTIVES OF AVERAGING
- 3.3 - REQUISITES OF A MEASURE OF CENTRAL TENDENCY
- 3.4 - MEASURES OF CENTRAL TENDENCY
- 3.5 - MATHEMATICAL AVERAGES
- Conceptual Questions 3A
- Self-Practice Problems 3A
- Hints and Answers
- 3.6 - GEOMETRIC MEAN
- Conceptual Questions 3B
- Self-Practice Problems 3B
- Hints and Answers
- 3.7 - HARMONIC MEAN
- 3.8 - RELATIONSHIP BETWEEN A.M., G.M. AND H.M.
- Self-Practice Problems 3C
- Hints and Answers
- 3.9 - AVERAGES OF POSITION
- 3.10 - PARTITION VALUES—QUARTILES, DECILES AND PERCENTILES
- Conceptual Questions 3C
- Self-Practice Problems 3D
- Hints and Answers
- 3.11 - MODE
- 3.12 - RELATIONSHIP BETWEEN MEAN, MEDIAN AND MODE
- 3.13 - COMPARISON BETWEEN MEASURES OF CENTRAL TENDENCY
- Conceptual Questions 3D
- Self-Practice Problems 3E
- Hints and Answers
- Formulae Used
- Chapter Concepts Quiz
- Review Self-Practice Problems
- Hints and Answers
- Case Studies
-
Chapter 4 - Measures of Dispersion
- 4.1 - INTRODUCTION
- 4.2 - SIGNIFICANCE OF MEASURING DISPERSION (VARIATION)
- 4.3 - CLASSIFICATION OF MEASURES OF DISPERSION
- 4.4 - DISTANCE MEASURES
- Conceptual Questions 4A
- Self-Practice Problems 4A
- Hints and Answers
- 4.5 - AVERAGE DEVIATION MEASURES
- Conceptual Questions 4B
- Self-Practice Problems 4B
- Hints and Answers
- Formulae Used
- Chapter Concepts Quiz
- Review Self-Practice Problems
- Hints and Answers
- Case Studies
- Chapter 5 - Skewness, Moments and Kurtosis
-
Chapter 6 - Fundamentals of Probability
- 6.1 - INTRODUCTION
- 6.2 - CONCEPTS OF PROBABILITY
- 6.3 - DEFINITION OF PROBABILITY
- 6.4 - COUNTING RULES FOR DETERMINING THE NUMBER OF OUTCOMES
- Conceptual Questions 6A
- Self-Practice Problems 6A
- Hints and Answers
- 6.5 - RULES OF PROBABILITY AND ALGEBRA OF EVENTS
- 6.6 - PROBABILITY TREE DIAGRAM
- Self-Practice Problems 6B
- Hints and Answers
- 6.7 - THE BAYES' THEOREM
- Self-Practice Problems 6C
- Hints and Answers
- Formulae Used
- Chapter Concepts Quiz
- Review Self-Practice Problems
- Hints and Answers
- Case Studies
-
Chapter 7 - Probability Distributions
- 7.1 - INTRODUCTION
- 7.2 - PROBABILITY DISTRIBUTION FUNCTION (PDF)
- 7.3 - CUMULATIVE PROBABILITY DISTRIBUTION FUNCTION (CDF)
- 7.4 - EXPECTED VALUE AND VARIANCE OF A RANDOM VARIABLE
- Conceptual Questions 7A
- Self-Practice Problems 7A
- Hints and Answers
- 7.5 - DISCRETE PROBABILITY DISTRIBUTIONS
- Conceptual Questions 7B
- Self-Practice Problems 7B
- Hints and Answers
- Conceptual Questions 7C
- Self-Practice Problems 7C
- Hints and Answers
- 7.6 - CONTINUOUS PROBABILITY DISTRIBUTIONS
- Conceptual Questions 7D
- Self-Practice Problems 7D
- Hints and Answers
- Formulae Used
- Chapter Concepts Quiz
- Review Self-Practice Problems
- Hints and Answers
-
Chapter 8 - Sampling and Sampling Distributions
- 8.1 - INTRODUCTION
- 8.2 - REASONS OF SAMPLE SURVEY
- 8.3 - TYPES OF BIAS DURING SAMPLE SURVEY
- 8.4 - POPULATION PARAMETERS AND SAMPLE STATISTICS
- 8.5 - PRINCIPLES OF SAMPLING
- 8.6 - SAMPLING METHODS
- 8.7 - SAMPLING DISTRIBUTIONS
- Conceptual Questions 8A
- 8.8 - SAMPLING DISTRIBUTION OF SAMPLE MEAN
- Self-Practice Problems 8A
- Hints and Answers
- 8.9 - SAMPLING DISTRIBUTION OF SAMPLE PROPORTIONS
- Self-Practice Problems 8B
- Hints and Answers
- Formulae Used
- Chapter Concepts Quiz
- Review Self-Practice Problems
- Hints and Answers
-
Chapter 9 - Estimation and Confidence Intervals
- 9.1 - INTRODUCTION
- 9.2 - POINT ESTIMATION
- 9.3 - CONFIDENCE INTERVAL ESTIMATION
- 9.4 - INTERVAL ESTIMATION OF POPULATION MEAN (σ KNOWN)
- 9.4.1 - Interval Estimation for Difference of Two Means
- 9.5 - INTERVAL ESTIMATION OF POPULATION MEAN (σ UNKNOWN)
- Self-Practice Problems 9A
- Hints and Answers
- 9.6 - INTERVAL ESTIMATION FOR POPULATION PROPORTION
- Self-Practice Problems 9B
- Hints and Answers
- 9.7 - ESTIMATING SAMPLE SIZE
- Conceptual Questions 9A
- Self-Practice Problems 9C
- Hints and Answers
- Formulae Used
- Chapter Concepts Quiz
- Review Self-Practice Problems
- Hints and Answers
-
Chapter 10 - Hypothesis Testing
- 10.1 - INTRODUCTION
- 10.2 - HYPOTHESIS AND HYPOTHESIS TASTING
- 10.3 - THE RATIONALE FOR HYPOTHESIS TESTING
- 10.4 - GENERAL PROCEDURE FOR HYPOTHESIS TESTING
- 10.5 - DIRECTION OF THE HYPOTHESIS TEST
- 10.6 - ERRORS IN HYPOTHESIS TESTING
- Conceptual Questions 10A
- 10.7 - HYPOTHESIS TESTING FOR POPULATION PARAMETERS WITH LARGE SAMPLES
- Self-Practice Problems 10A
- Hints and Answers
- 10.8 - HYPOTHESIS TESTING FOR SINGLE POPULATION PROPORTION
- 10.9 - HYPOTHESIS TESTING FOR A BINOMIAL PROPORTION
- Self-Practice Problems 10B
- Hints and Answers
- 10.10 - HYPOTHESIS TESTING FOR POPULATION MEAN WITH SMALL SAMPLES
- Self-Practice Problems 10C
- Hints and Answers
- 10.11 - HYPOTHESIS TESTING BASED ON F-DISTRIBUTION
- Self-Practice Problems 10D
- Hints and Answers
- Formulae Used
- Chapter Concepts Quiz
- Review Self-Practice Problems
- Hints and Answers
-
Chapter 11 - Chi-Square and Other Non-Parametric Tests
- 11.1 - INTRODUCTION
- 11.2 - ADVANTAGES AND LIMITATIONS OF NON-PARAMETRIC METHODS
- 11.3 - THE CHI-SQUARE DISTRIBUTION
- 11.4 - THE CHI-SQUARE TEST-STATISTIC
- 11.5 - APPLICATIONS OF χ2 TEST
- Self-Practice Problems 11A
- Hints and Answers
- Self-Practice Problems 11B
- Hints and Answers
- Conceptual Questions 11A
- 11.6 - THE SIGN TEST FOR PAIRED DATA
- 11.7 - RUNS TEST FOR RANDOMNESS
- 11.8 - MANN-WHITNEY U-TEST
- 11.9 - WILCOXON MATCHED PAIRS TEST
- 11.10 - KRUSKAL-WALLIS TEST
- Self-Practice Problems 11C
- Hints and Answers
- Formulae Used
- Chapter Concepts Quiz
- Review Self-Practice Problems 11C
- Hints and Answers
-
Chapter 12 - Analysis of Variance
- 12.1 - INTRODUCTION
- 12.2 - ANALYSIS OF VARIANCE APPROACH
- 12.3 - TESTING EQUALITY OF POPULATION (TREATMENT) MEANS: ONE-WAY CLASSIFICATION
- 12.4 - INFERENCES ABOUT POPULATION (TREATMENT) MEANS
- Self-Practice Problems 12A
- Hints and Answers
- 12.5 - TESTING EQUALITY OF POPULATION (TREATMENT) MEANS: TWO-WAY CLASSIFICATION
- Conceptual Questions 12A
- Self-Practice Problems 12B
- Hints and Answers
- Formulae Used
- Chapter Concepts Quiz
- Review Self-Practice Problems
- Hints and Answers
- Case Studies
-
Chapter 13 - Correlation Analysis
- 13.1 - INTRODUCTION
- 13.2 - SIGNIFICANCE OF MEASURING CORRELATION
- 13.3 - CORRELATION AND CAUSATION
- 13.4 - TYPES OF CORRELATIONS
- 13.5 - METHODS OF CORRELATION ANALYSIS
- Self-Practice Problems 13A
- Hints and Answers
- Self-Practice Problems 13B
- Hints and Answers
- 13.6 - HYPOTHESIS TESTING FOR CORRELATION COEFFICIENT
- Conceptual Questions 13A
- Self-Practice Problems 13C
- Hints and Answers
- Formulae Used
- Chapter Concepts Quiz
- Review Self-Practice Problems
- Hints and Answers
-
Chapter 14 - Regression Analysis
- 14.1 - INTRODUCTION
- 14.2 - ADVANTAGES OF REGRESSION ANALYSIS
- 14.3 - TYPES OF REGRESSION MODELS
- 14.4 - ESTIMATION: THE METHOD OF LEAST SQUARES
- 14.5 - ASSUMPTIONS FOR A SIMPLE LINEAR REGRESSION MODEL
- 14.6 - PARAMETERS OF SIMPLE LINEAR REGRESSION MODEL
- 14.7 - METHODS TO DETERMINE REGRESSION COEFFICIENTS,
- Self-Practice Problems 14A
- Hints and Answers
- 14.8 - STANDARD ERROR OF ESTIMATE AND PREDICTION INTERVALS
- Conceptual Questions 14A
- Formulae Used
- Chapter Concepts Quiz
- Review Self-Practice Problems
- Hints and Answers
- Case Studies
-
Chapter 15 - Partial and Multiple Correlation and Regression Analysis
- 15.1 - INTRODUCTION
- 15.2 - ASSUMPTIONS IN MULTIPLE LINEAR REGRESSION
- 15.3 - ESTIMATING PARAMETERS OF MULTIPLE REGRESSION MODEL
- Self-Practice Problems 15A
- Hints and Answers
- 15.4 - STANDARD ERROR OF ESTIMATE FOR MULTIPLE REGRESSION
- 15.5 - COEFFICIENT OF MULTIPLE DETERMINATION
- 15.6 - MULTIPLE CORRELATION ANALYSIS
- 15.7 - PARTIAL CORRELATION ANALYSIS
- Conceptual Questions 15A
- Self-Practice Problems 15B
- Hints and Answers
- Formulae Used
- Chapter Concepts Quiz
- Review Self-Practice Problems
- Hints and Answers
-
Chapter 16 - Forecasting and Time Series Analysis
- 16.1 - INTRODUCTION
- 16.2 - TYPES OF FORECASTS
- 16.3 - TIMING OF FORECASTS
- 16.4 - FORECASTING METHODS
- 16.5 - STEPS OF FORECASTING
- 16.6 - TIME SERIES ANALYSIS
- 16.7 - TIME SERIES DECOMPOSITION MODELS
- Conceptual Questions 16A
- 16.8 - QUANTITATIVE FORECASTING METHODS
- Self-Practice Problems 16A
- Hints and Answers
- 16.9 - TREND PROJECTION METHODS
- Self-Practice Problems 16B
- Hints and Answers
- 16.10 - MEASUREMENT OF SEASONAL EFFECTS
- 16.11 - MEASUREMENT OF CYCLICAL VARIATIONS—RESIDUAL METHOD
- 16.12 - MEASUREMENT OF IRREGULAR VARIATIONS
- Conceptual Questions 16B
- Self-Practice Problems 16C
- Hints and Answers
- Formulae Used
- Chapter Concepts Quiz
- Review Self-Practice Problems
- Hints and Answers
-
Chapter 17 - Index Numbers
- 17.1 - INTRODUCTION
- 17.2 - INDEX NUMBER DEFINED
- 17.3 - TYPES OF INDEX NUMBERS
- 17.4 - CHARACTERISTICS AND USES OF INDEX NUMBERS
- Conceptual Questions 17A
- 17.5 - METHODS FOR CONSTRUCTION OF PRICE INDEXES
- 17.6 - UNWEIGHTED PRICE INDEXES
- Self-Practice Problems 17A
- Hints and Answers
- 17.7 - WEIGHTED PRICE INDEXES
- 17.8 - QUANTITY OR VOLUME INDEXES
- 17.9 - VALUE INDEX
- Self-Practice Problems 17B
- Hints and Answers
- 17.10 - TESTS OF ADEQUACY OF INDEXES
- 17.11 - CHAIN INDEXES
- 17.12 - APPLICATIONS OF INDEX NUMBERS
- Self-Practice Problems 17C
- Hints and Answers
- 17.13 - CONSUMER PRICE INDEXES
- 17.14 - PROBLEMS OF INDEX NUMBERS CONSTRUCTION
- Conceptual Questions 17B
- Formulae Used
- Chapter Concepts Quiz
- Review Self-Practice Problems
- Hints and Answers
-
Chapter 18 - Statistical Quality Control
- 18.1 - INTRODUCTION
- 18.2 - QUALITY AND QUALITY CONTROL
- 18.3 - COST OF QUALITY CONTROL
- 18.4 - STATISTICAL QUALITY CONTROL
- 18.5 - TECHNIQUES OF STATISTICAL QUALITY CONTROL
- 18.6 - IN-PROCESS QUALITY CONTROL TECHNIQUES
- 18.7 - CONTROL CHARTS FOR VARIABLES
- Conceptual Questions 18A
- Self-Practice Problems 18A
- Hints and Answers
- 18.8 - CONTROL CHARTS FOR ATTRIBUTES
- Self-Practice Problems 18B
- Hints and Answers
- 18.9 - SAMPLING PLAN FOR ATTRIBUTES AND VARIABLES
- 18.10 - SPECIFYING AN ACCEPTANCE SAMPLING PLAN
- 18.11 - DETERMINING ERROR AND OC CURVE
- 18.12 - ADVANTAGES AND LIMITATIONS OF STATISTICAL QUALITY CONTROL
- Conceptual Questions 18B
- Formulae Used
- Chapter Concepts Quiz
- Review Self-Practice Problems
- Hints and Answers
- Case Studies
-
Chapter 19 - Statistical Decision Theory
- 19.1 - INTRODUCTION
- 19.2 - STEPS IN DECISION THEORY APPROACH
- 19.3 - TYPES OF DECISION-MAKING ENVIRONMENTS
- 19.4 - DECISION-MAKING UNDER UNCERTAINTY
- Self-Practice Problems 19A
- Hints and Answers
- 19.5 - DECISION-MAKING UNDER RISK
- 19.6 - POSTERIOR PROBABILITIES AND BAYESIAN ANALYSIS
- Self-Practice Problems 19B,
- Hints and Answers
- 19.7 - DECISION TREE ANALYSIS,
- Conceptual Questions 19A
- Self-Practice Problems 19C
- Hints and Answers
- Formulae Used
- Chapter Concepts Quiz
- Review Self-Practice Problems
- Hints and Answers
- Appendices
- Copyright
Product information
- Title: Business Statistics, Second Edition
- Author(s):
- Release date: November 2006
- Publisher(s): Pearson India
- ISBN: 9788177586541
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