Applied statistics in business and economics, 5th. ed.

Abstract

In this fifth edition we have listened to you and have made many changes that you asked for. We sought advice from students and faculty who are currently using the textbook, reviewers at a variety of colleges and universities, and participants in focus groups on teaching statistics with technology. At the end of this preface is a detailed list of chapter- by-chapter improvements, but here are just a few of them: • Step-by-step instructions and new screen shots on using Excel 2013 for descriptive statistics, histograms, scatter plots, line charts, and pivot tables. • Updated exercises with emphasis on compatibility with Connect. • Updated test bank questions matched with topics and learning objectives. • Addition of topics requested by reviewers, including more on logistic regression. • Rewritten instructor’s manual with step-by-step solutions. • New and updated Mini Cases for economics and business. • Improved explanations of data types, random sampling, probability, and distributions. • Streamlined sections on Types I and II error, hypothesis formulation, and decision rules. • More focus on one-factor ANOVA and interpreting ANOVA results.