Business Statistics, Second Edition

Preface

Statistical thinking enhances our understanding of how life works, allows control over some societal issues and helps individuals make informed decisions. I am sure after studying this book your skills in business decision-making and understanding of the problems of business and industry will improve.

This book has been written as a practical response to the needs of students who want to obtain a reasonable grasp of basic statistical techniques or methods in a limited time. The emphasis throughout the book is on understanding through practice, interpretation of results and their application to the real-life problems. Statistical theory and derivation of formulae are deliberately kept to a minimum. This will encourage students who lack ...