Description
This text provides students with an understanding to support statistical analysis and decision making in business and economics. Coverage includes data analysis, probability and random variables, correlation and regression, nonparametric statistics, time series analysis, and statistical decision theory. This fifth edition includes computer applications and interpretation, with a new CD-ROM containing PHStat2, a software program with 50 macros for using Microsoft Excel to solve most of the problems in the text. The CD-ROM also contains data sets for examples and problems. Newbold is affiliated with the University of Nottingham. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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The strength of this book has been its unerring accuracy and statistical precision. The role of computers and statistical software has been thoroughly integrated throughout. This edition focuses on maintaining the statistical integrity of past editions while modernizing the book by integrating the use of statistical software, adding new examples and exercises (many with real data), and an emphasis on data analysis and interpretation of output. The fifth edition features both Excel and Minitab. Earlier introduction of key topics includes: introduction of statistical thinking (Ch. 1), introduction of processes and systems (Ch. 1), and coverage of bivariate data, scatter plots, regression, covariance, and correlation (Ch. 3).
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