These provide users with clear demonstrations using statistical software to create graphical and descriptive statistics and statistical analyses to test hypotheses.ĭigital resources within McGraw Hill Connect® help students apply what they've learned and achieve higher outcomes in the course.

The text also includes references or links to Excel tutorials in Connect. In the text, Microsoft Excel, Minitab, and MegaStat are used to illustrate statistical software analyses. Minitab and JMP are stand-alone statistical software packages available to download for either PC or Mac. MegaStat is an add-in available for Microsoft Excel. Microsoft Excel includes an add-in with many statistical analyses. Interpretation of the analytical results is an integral part of these exercises.Ī variety of statistical software is available to complement the 10th edition. This text supports the development of basic data analytical skills with the end of each chapter sections called Data Analytics providing the instructor and student with opportunities to apply statistical knowledge and statistical software to explore several business environments. Critical thinking skills are needed to interpret and communicate the results of processing the information. Analytical skills are needed to evaluate, summarize, organize, and analyze the information. Computer skills are needed to process large volumes of information. The practice of data analytics requires skills and knowledge in several areas. Today, the practice of data analytics is widely applied to big data. Understanding the concepts, seeing and doing plenty of examples and exercises, and comprehending the application of statistical methods in business and economics are the focus of this book.

This step-by-step approach enhances performance, accelerates preparedness, and significantly improves motivation. Students are given every step needed to be successful in a basic statistics course. A previous course in statistics is not necessary, and the mathematical requirement is first-year algebra. Many examples and exercises that focus on business applications are used to illustrate the application of statistics, but also relate to the current world of the college student. Douglas Lind and William Marchal and Samuel Wathen Basic Statistics in Business and EconomJanu9781260716313 Basic Statistics in Business & Economics provides students majoring in management, marketing, finance, accounting, economics, and other fields of business administration with an introductory survey of descriptive and inferential statistics.

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