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Business Statistics

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ISBN-10: 0028639871

ISBN-13: 9780028639871

Edition: 2002

Authors: Sunny Baker

List price: $19.95
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Description:

Business and marketing professionals have to answer tough questions. "How much do 20-to-29-year-olds in New York spend in restaurants?" "What's the potential market for a $1,200 stereo system?" "Where can I find customers for a home manicure service?" Statistics can be intimidating. How do you use data to determine the direction of your group or product? What are nominal and ordinal variables anyway? In The Complete Idiot's Guide to Business Statistics, Dr. Sunny Baker gives readers a step-by-step guide to choosing, using, and interpreting statistical analyses for business. The author approaches statistical evaluations as concepts, focusing on the data business people need to interpret and…    
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Book details

List price: $19.95
Copyright year: 2002
Publisher: Penguin Publishing Group
Publication date: 11/1/2001
Binding: Paperback
Pages: 336
Size: 7.25" wide x 8.75" long x 0.75" tall
Weight: 1.232
Language: English

Charting Your Future
Statistics and Business Go Hand in Hand
The Origin of Statistics
Some Real-World Business Examples of Statistics
Introducing the Branches of Statistics
The Relationship Between Probability and Statistics
Understanding and Organizing Business Data
Understanding Observations
Organizing Observations into a Datafile
Exploring the Four Basic Data Types
Understanding the Limitations of Your Data Choices
Start Making Decisions by Creating Datafiles
Visualizing Profit and Performance
Turning Raw Data into Information
Examining Relationships with Scatterplots
Understanding the Types of Variables
Common Questions About Research Data
Predicting Profits with Measures of Central Tendency
The Meaning of the Mean
The Mode--Not an Operation, but a Count
The Median--In the Middle of Everything
When to Use a Measure of Central Tendency
Improving Quality with Measures of Dispersion
Getting Started with Dispersion Measures
Recognizing the Variance
Introducing the All-Important Standard Deviation
Solving Problems with Curves and z-Scores
Introducing the Bell-Shaped Curve
Measuring the Standard Normal Distribution
Estimating the Number of Units That Are Substandard
Predicting Percentages with z-Scores
Skewed Curves and the Relation to a Standard Distribution
Facing Probability and Forecasting
Playing the Probability Game
Introducing the Classic Theory of Probability
Sampling with Replacement
Dependent Events and Probability
Exploring Normal Curves and the Binomial Scale
Forecasting Your Business Results
Introducing the Components of Time Series Data
Working with Precalculated Business Data
Making Decisions That Count
Understanding the Key Decisions
Charting a Decision Tree
Learning by Example
Devising Strategies for Decision Making
Using Business Research and Inference
Using Research in Your Business
Deciding When to Use Research
Developing a Basic Research Methodology
Identifying Appropriate Research Projects
Understanding the Levels of Research
Eliminating the Bias in Your Research
The Infinite Population in Applied Statistics
The Importance of Random Sampling
Choosing the Appropriate Sampling Methods
How Big Should the Sample Be?
Being Confident About Your Sample
Conducting Bernoulli Trials
What About Interval and Ratio Samples?
Determining a Confidence Interval
It Won't Work with Small Samples
Testing Your Hypothesis
Using the Normal Distribution to Answer Questions
Stating Hypotheses to Test Assumptions
Using a Five-Step Procedure for Testing a Hypothesis
Testing a Hypothesis
Learning from Contingency Tables
How to Create a Contingency Table
A Real Example of How It Works
Using Chi Square for Other Expected Frequencies
Try Using a Contingency Table On Your Own
Seeing the Industry Relationships
Recognizing the Relationships of Business Variables
Starting with Correlation of Business Variables
Revealing Hidden Relationships with the Correlation Coefficient
Going Beyond Correlation to Prediction
Predicting Business Values
What Happens When You Have More Variables?
Estimating the Probability of Success with the t-Test
Understanding the Student's t Distribution
Using t to Test a Mean
Comparing Two Population Means Using t
Are These Customers the Same or Different?
Testing the Mean, Standard Deviation Known
Working with Proportions and the z Distribution
Testing Two Population Proportions
Getting Results from ANOVA
Introducing the F distribution
Considering Two-Way Analysis of Variance
Going On from Here
Interpreting Business Data Correctly
Beware of Nonrandom Nonsamples
Beware the Ploys of Advertisers
Use the Correct Scale
Correlation Needs Matched Pairs
Beware of Significant but Unimportant Findings
Beware of Data Mining Without Hypotheses
Avoid Extrapolation That Goes Beyond Observed Ranges
Avoid Basic Mistakes That Affect Business Results
From Inferences to Your Future
Using Statistics Programs for Your Company
Using Software That Simplifies the Details
What Can Statistics Programs Do?
The Types of Statistical Programs
How Do You Choose?
Things Statistics Software Can't Do
Go Get Yourself Some!
Advancing Your Business with Statistics
More Statistical Functions to Learn
Where Can You Learn More?
You're Ready to Compute!
Appendixes
Answer Key
Statistics Formulas
Sample Statistical Tables
A Glossary of Statistical Terms
Index