Description

Features

New To This Edition

• Every chapter in the text has undergone major rewriting and the text now uses a more active, conversational writing style that students will appreciate.
• The text now includes many more examples from everyday life. Such examples include those on online shopping (Chapter 2), time to get ready in the morning (Chapter 3), and waiting time at a fast food restaurant (Chapter 9).
• Many problems have been simplified so that they contain no more than four parts.
• Key formulas are now included at the end of each chapter.
• Worked out solutions to Self-Test Questions are provided in the back of the text.
• A roadmap for selecting the proper statistical method is included at the front of the text to help students select the proper technique and to make connections between topics.
• Many new applied examples and exercises with data from the Wall Street Journal, USA Today, Consumer Reports, and other sources have been added to the text.

What type of software do you use with your students? 

Improved Software presentation

• Now focus on using standard Excel worksheets to learn statistics and interpret results. llustrations of Excel worksheets show the cell formulas used to build the worksheet. In each chapter, an end-of chapter Excel appendix explains how to use the worksheets featured in the chapter. For those who choose to use the PHStat2 Excel add-in instead, a PHStat2 appendix (Appendix G) is provided as well.
  • Teaches students how to use Excel "as is" since that is what most students will use in the business world.

• Updated version of PHStat2 and a separate PHStat2 Appendix— PHStat2 version 2.5, the newest version of Prentice Hall’s supplemental add-in program for Microsoft Excel is bundled free with this text. This updated version includes enhancements such as the ability to work with recent Microsoft Office security updates, multiple regression with independent variables in noncontiguous columns, improved stem-and-leaf displays and box-and-whisker plots, the Z -test for the difference in two means, Levene’s test for the homogeneity of variance, and the Marascuilo multiple comparisons procedure  for proportions. Appendix G collects all of the instructions for using the add-in with this textbook in one handy-to-use reference. (PHStat2 Support, including updates when available, can be found at www.prenhall.com/phstat.)
  • PHStat2 enhances the capabilities of Excel allowing you to do more statistical analysis.

• Features Minitab Version 14– All Minitab output in the text and all Minitab appendixes are from Minitab Version 14.

• Provides the latest version of the Minitab statistical software.

 Content Changes

  Reorganization of the hypothesis testing chapters

·        All tests involving the normal and t distribution are covered in Chapters 9 and 10 prior to coverage of the F test.

·        The Analysis of Variance is covered in Chapter 11

·        All Chi-Square tests are covered in Chapter 12 along with nonparametric tests

More comprehensive coverage of topics

·        Topics such as the sample covariance, the normal approximation to the binomial distribution, the power of the test, the McNemar test, and the chi-square goodness of fit test are now enhanced  for better student comprehension.  

Table of Contents

1. Introduction and Data Collection
    Using Statistics: Good Tunes

     Basic Concepts of Statistics. The Growth of Statistics and Information Technology. How This Text Is Organized. The Importance 
     of Collecting Data. Types of Data.
 

2. Presenting Data in Tables and Charts 
    Using Statistics: Comparing the Performance of Mutual Funds

     Tables and Charts for Categorical Data. Organizing Numerical Data. Tables and Charts for Numerical Data. Cross Tabulations. 
     Scatter Diagrams and Time Series Plots. Misusing Graphs and Ethical Issues.

3. Numerical Descriptive Measures
    Using Statistics: Comparing the Performance of Mutual Funds

     Measures of Central Tendency, Variation, and Shape. Descriptive Numerical Measures for a Population. Computing Descriptive
     Numerical Measures from a Frequency Distribution. Exploratory Data Analysis. The Covariance and the Coefficient of Correlation. 
     Pitfalls in Numerical Descriptive Measures and Ethical Issues. 
       

4. Basic Probability 
    Using Statistics: The Consumer Electronics Company
 
     Basic Probability Concepts. Conditional Probability. Bayes’ Theorem. Counting Rules. Ethical Issues and Probability 

5. Some Important Discrete Probability Distributions 
    Using Statistics: The Accounting Information System of the Saxon Plumbing Company

     The Probability Distribution for a Discrete Random Variable. Covariance and Its Application in Finance. Binomial Distribution.
     Poisson Distribution. The Hypergeometric Distribution. CD ROM Topic Using the Poisson Distribution to Approximate the
     Binomial Distribution.

6. The Normal Distribution and Other Continuous Distributions  
     Using Statistics: Download Time for a Web Site Home Page

     Continuous Probability Distributions. The Normal Distribution. Evaluating Normality.  The Uniform Distribution. 
     The Exponential Distribution. The Normal Approximation to the Binomial Distribution.
 

7. Sampling Distributions 
    Using Statistics: The Oxford Cereal Company Packaging Process
  
     Sampling Distributions. Sampling Distribution of the Mean. Sampling Distribution of the Proportion.
     Types of Survey Sampling Methods. Evaluating Survey Worthiness. CD ROM Topic Sampling from Finite Populations.

8. Confidence Interval Estimation 
    Using Statistics: Auditing Invoices at the Saxon Home Improvement Company

     Confidence Interval Estimation for the Mean (Known). Confidence Interval Estimation for the Mean (Unknown).
     Confidence Interval Estimation for the Proportion. Determining Sample Size. Applications of Confidence Interval Estimation in Auditing.
     Confidence Interval Estimation and Ethical Issues. CD ROM Topic Estimation and Sample Size Determination for Finite Populations.

9. Fundamentals of Hypothesis Testing
    Using Statistics: The Oxford Cereal Company Packaging Process

      Hypothesis-Testing Methodology. Z Test of Hypothesis for the Mean (Known). One-Tail Tests. t Test of Hypothesis for the Mean 
      (Unknown). Z Test of Hypothesis for the Proportion. The Power of a Test. Potential Hypothesis-Testing Pitfalls and Ethical Issues.
        

    
10. Two-Sample Tests

       Comparing the Means of Two Independent Populations. Comparing the Means of Two Related Populations.
       Comparing Two Population Proportions. F Test for the Difference between Two Variances.

       The Completely Randomized Design: One-Way Analysis of Variance. The Randomized Block Design.
       The Factorial Design: Two-Way Analysis of Variance.  

12. Chi-Square Tests and Nonparametric Tests 
      Using Statistics: Guest Satisfaction at T. C. Resort Properties 

       Chi-Square Test for Differences between Two Proportions (Independent Samples). Chi-Square Test for Differences 
       among More than Two Proportions. Chi-Square Test of Independence. McNemar Test for the Difference between 
       Two Proportions (Related Samples). Chi-Square Test for a Variance or Standard Deviation. Chi-Square Goodness 
       of Fit Tests. Wilcoxon Rank Sum Test: Nonparametric Analysis for Two Independent Populations. Wilcoxon Signed Ranks 
       Test: Nonparametric Analysis for Two Related Populations. Kruskal-Wallis Rank Test: Nonparametric Analysis for the One-Way ANOVA
       Friedman Rank Test: Nonparametric Analysis for the Randomized Block Design.

13. Simple Linear Regression
      Using Statistics: Forecasting Sales at the Sunflowers Clothing Stores

       Types of Regression Models. Determining the Simple Linear Regression Equation.   Measures of Variation. 
       Assumptions. Residual Analysis. Measuring Autocorrelation: The Durbin-Watson Statistic. Inferences about  
        the Slope and Correlation Coefficient. Estimation of Predicted Values. Pitfalls in Regression and Ethical Issues.

14. Introduction to Multiple Regression  
      Using Statistics: Predicting OmniPower Sales

       Developing the Multiple Regression Model. R2, Adjusted R2, and the Overall F test 000. Residual Analysis for the Multiple
       Regression Model. Inferences Concerning the Population Regression Coefficients. Testing Portions of the Multiple Regression Model.
       Using Dummy-Variables and Interaction Terms in Regression Models. Logistic Regression.

15. Multiple Regression Model Building 
      Using Statistics: Predicting Standby Hours for Unionized Artists

        The Quadratic Regression Model. Using Transformations in Regression Models. Influence Analysis. Collinearity. Model Building.
        Pitfalls in Multiple Regression and Ethical Issues. 
 

16. Time-Series Forecasting and Index Numbers
      Using Statistics: Forecasting Revenues for Three Companies

  
       The Importance of Business Forecasting. Component Factors of the Classical Multiplicative Time-Series Model. 
       Smoothing the Annual Time Series. Least-Squares Trend Fitting and Forecasting. The Holt-Winters Method for Trend-Fitting 
       and Forecasting. Autoregressive Modeling for Trend Fitting and Forecasting. Choosing an Appropriate Forecasting Model. 
       Time-Series Forecasting of Monthly or Quarterly Data.  Index Numbers. Pitfalls Concerning Time-Series Analysis.
       Index Numbers. Pitfalls Concerning Time-Series Analysis.
         

17. Decision Making 
      Using Statistics: Selecting Stocks

        Payoff Tables and Decision Trees. Criteria for Decision Making. Decision Making with Sample Information. Utility.  

18. Statistical Applications in Quality and Productivity Management 

       Total Quality Management. Six Sigma® Management. The Theory of Control Charts. Control Chart for the Proportion of 
       Nonconforming Items—The p Chart. The Red Bead Experiment: Understanding Process Variability. Control Chart for
       an Area of Opportunity— the c Chart. Control Charts for the Range and the Mean. Process Capability.
  

Courses

Introduction to Business Statistics (Two Semester)  (Business Statistics)

Next Edition(s)

• Basic Business Statistics, 12/E
  Berenson, Levine & Krehbiel
  ©2012  |  Prentice Hall  |  Cloth; 912 pp  |  Instock
  ISBN-10: 0132168383  |  ISBN-13: 9780132168380
  Suggested retail price: $224.00  Buy from myPearsonStoreNet price: $168.00  (What's this?)Brief Description  | 

  

  For two semester business statistics courses or for instructors looking for a comprehensive textbook.
   

  Berenson shows students how statistics is used in each functional area of business.

   

  Students need a frame of reference when learning statistics–especially when statistics is not their major. Basic Business Statistics shows the relevance of statistics by familiarizing students with the statistical applications used in the business world, providing clear instructions for using statistical applications, and offering ample opportunities for practice.

   

  The twelfth edition has built on the application emphasis and provides enhanced coverage of statistics.

   

  MyStatLab New Design is now available for this title!  MyStatLab New Design offers: 

  • One Place for All of Your Courses. Improved registration experience and a single point of access for instructors and students who are teaching and learning multiple MyLab/Mastering courses.
  • A Simplified User Interface.  The new user interface offers quick and easy access to Assignments, Study Plan, eText & Results, as well as additional option for course customization.
  • New Communication Tools. The following new communication tools can be used to foster collaboration, class participation, and group work.
  • Email: Instructors can send emails to their entire class, to individual students or to instructors who has access to their course.
  • Discussion Board: The discussion board provides students with a space to respond and react to the discussions you create. These posts can also be separated out into specific topics where students can share their opinions/answers and respond to their fellow classmates’ posts.
  • Chat/ ClassLive: ClassLive is an interactive chat tool that allows instructors and students to communicate in real time. ClassLive can be used with a group of students or one-on-one to share images or PowerPoint presentations, draw or write objects on a whiteboard, or send and received graphed or plotted equations. ClassLive also has additional classroom management tools, including polling and hand-raising.
  • Enhanced eText. Available within the online course materials and offline via an iPad app, the enhanced eText allows instructors and students to highlight, bookmark, take notes, and share with one another.

  More Info
  

• Basic Business Statistics, 12/E
  Berenson, Levine & Krehbiel
  ©2012  |  Prentice Hall  |  Cloth; 912 pp  |  Instock
  ISBN-10: 0132168383  |  ISBN-13: 9780132168380
  Suggested retail price: $224.00  Buy from myPearsonStoreNet price: $168.00  (What's this?)Brief Description  | 

  

  For two semester business statistics courses or for instructors looking for a comprehensive textbook.
   

  Berenson shows students how statistics is used in each functional area of business.

   

  Students need a frame of reference when learning statistics–especially when statistics is not their major. Basic Business Statistics shows the relevance of statistics by familiarizing students with the statistical applications used in the business world, providing clear instructions for using statistical applications, and offering ample opportunities for practice.

   

  The twelfth edition has built on the application emphasis and provides enhanced coverage of statistics.

   

  MyStatLab New Design is now available for this title!  MyStatLab New Design offers: 

  • One Place for All of Your Courses. Improved registration experience and a single point of access for instructors and students who are teaching and learning multiple MyLab/Mastering courses.
  • A Simplified User Interface.  The new user interface offers quick and easy access to Assignments, Study Plan, eText & Results, as well as additional option for course customization.
  • New Communication Tools. The following new communication tools can be used to foster collaboration, class participation, and group work.
  • Email: Instructors can send emails to their entire class, to individual students or to instructors who has access to their course.
  • Discussion Board: The discussion board provides students with a space to respond and react to the discussions you create. These posts can also be separated out into specific topics where students can share their opinions/answers and respond to their fellow classmates’ posts.
  • Chat/ ClassLive: ClassLive is an interactive chat tool that allows instructors and students to communicate in real time. ClassLive can be used with a group of students or one-on-one to share images or PowerPoint presentations, draw or write objects on a whiteboard, or send and received graphed or plotted equations. ClassLive also has additional classroom management tools, including polling and hand-raising.
  • Enhanced eText. Available within the online course materials and offline via an iPad app, the enhanced eText allows instructors and students to highlight, bookmark, take notes, and share with one another.

  More Info
  

Companion Website for Basic Business Statistics: Concepts and Applications and CD package, 10/E
Berenson
©2006  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0131851993  |  ISBN-13: 9780131851993
This online resource is available at no cost at http://www.prenhall.com/berenson.

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OneKey Blackboard, Basic Business Statistics, 10/E
Berenson
©2006  |  On-line Supplement  |  Version 6.0.11  |  Access Code Required  |  Live
ISBN-10: 0131852108  |  ISBN-13: 9780131852105
Online purchase price: $35.00  |  Students, buy access Instructors, request content (at no cost)  |  View Demo  |  More Info

OneKey CourseCompass, Basic Business Statistics, 10/E
Berenson
©2006  |  On-line Supplement  |  Access Code Required  |  Live
ISBN-10: 0131852043  |  ISBN-13: 9780131852044
Online purchase price: $35.00  |  Students, buy access Take a Tour  |  More Info

OneKey WebCT, Basic Business Statistics, 10/E
Berenson
©2006  |  Electronic Book  |  Access Code Required  |  Version 4.1X  |  Live
ISBN-10: 0131852094  |  ISBN-13: 9780131852099
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PHGA Instructor Access Card
Berenson
©2006  |  Prentice Hall  |  Access Code Card  |  Out of Stock
ISBN-10: 0131867415  |  ISBN-13: 9780131867413
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Alternate PowerPoints with Minitab output, 10/E
Berenson
©2006  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0131881140  |  ISBN-13: 9780131881143

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Companion Website for Basic Business Statistics: Concepts and Applications and CD package, 10/E
Berenson
©2006  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0131851993  |  ISBN-13: 9780131851993
This online resource is available at no cost at http://www.prenhall.com/berenson.

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TestGen, 10/E
Berenson
©2006  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0131852027  |  ISBN-13: 9780131852020
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Review Copy and CD Basic Business and PHIT Tips and Key Formula Package
Berenson
©2006  |  Prentice Hall  |  Kit/Package/ShrinkWrap  |  Instock
ISBN-10: 0131696599  |  ISBN-13: 9780131696594
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Basic Business Statistics: Concepts and Applications, Review Copy and CD, 10/E
Stephan
©2006  |  Prentice Hall  |  Cloth Bound w/CD-ROM  |  Out of Stock
ISBN-10: 0131678329  |  ISBN-13: 9780131678323
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OneKey Blackboard, Basic Business Statistics, 10/E
Berenson
©2006  |  On-line Supplement  |  Version 6.0.11  |  Access Code Required  |  Live
ISBN-10: 0131852108  |  ISBN-13: 9780131852105
Online purchase price: $35.00  |  Students, buy access Instructors, request content (at no cost)  |  View Demo  |  More Info

OneKey CourseCompass, Basic Business Statistics, 10/E
Berenson
©2006  |  On-line Supplement  |  Access Code Required  |  Live
ISBN-10: 0131852043  |  ISBN-13: 9780131852044
Online purchase price: $35.00  |  Students, buy access Take a Tour  |  More Info

OneKey WebCT, Basic Business Statistics, 10/E
Berenson
©2006  |  Electronic Book  |  Access Code Required  |  Version 4.1X  |  Live
ISBN-10: 0131852094  |  ISBN-13: 9780131852099
Online purchase price: $35.00  |  Students, buy access Instructors, request content (at no cost)  |  View Demo  |  More Info

PH Grade Assist, 10/E
Berenson
©2006  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 013185206X  |  ISBN-13: 9780131852068
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PHGA Instructor Access Card
Berenson
©2006  |  Prentice Hall  |  Access Code Card  |  Out of Stock
ISBN-10: 0131867415  |  ISBN-13: 9780131867413
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Companion Website for Basic Business Statistics: Concepts and Applications and CD package, 10/E
Berenson
©2006  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0131851993  |  ISBN-13: 9780131851993
This online resource is available at no cost at http://www.prenhall.com/berenson.

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OneKey Blackboard, Basic Business Statistics, 10/E
Berenson
©2006  |  On-line Supplement  |  Version 6.0.11  |  Access Code Required  |  Live
ISBN-10: 0131852108  |  ISBN-13: 9780131852105
Online purchase price: $35.00  |  Students, buy access More Info

OneKey CourseCompass, Basic Business Statistics, 10/E
Berenson
©2006  |  On-line Supplement  |  Access Code Required  |  Live
ISBN-10: 0131852043  |  ISBN-13: 9780131852044
Online purchase price: $35.00  |  Students, buy access More Info

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OneKey WebCT, Basic Business Statistics, 10/E
Berenson
©2006  |  Electronic Book  |  Access Code Required  |  Version 4.1X  |  Live
ISBN-10: 0131852094  |  ISBN-13: 9780131852099
Online purchase price: $35.00  |  Students, buy access More Info

JMP Technology Tutorial Videos for Business Statistics
Pearson
©2012  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 032174778X  |  ISBN-13: 9780321747785
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Companion Website for Basic Business Statistics: Concepts and Applications and CD package, 10/E
Berenson
©2006  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0131851993  |  ISBN-13: 9780131851993
This online resource is available at no cost at http://www.prenhall.com/berenson.

Show Downloadable Files

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OneKey Blackboard, Basic Business Statistics, 10/E
Berenson
©2006  |  On-line Supplement  |  Version 6.0.11  |  Access Code Required  |  Live
ISBN-10: 0131852108  |  ISBN-13: 9780131852105
Online purchase price: $35.00  |  Students, buy access Instructors, request content (at no cost)  |  View Demo  |  More Info

OneKey CourseCompass, Basic Business Statistics, 10/E
Berenson
©2006  |  On-line Supplement  |  Access Code Required  |  Live
ISBN-10: 0131852043  |  ISBN-13: 9780131852044
Online purchase price: $35.00  |  Students, buy access Take a Tour  |  More Info

OneKey WebCT, Basic Business Statistics, 10/E
Berenson
©2006  |  Electronic Book  |  Access Code Required  |  Version 4.1X  |  Live
ISBN-10: 0131852094  |  ISBN-13: 9780131852099
Online purchase price: $35.00  |  Students, buy access Instructors, request content (at no cost)  |  View Demo  |  More Info

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PHGA Instructor Access Card
Berenson
©2006  |  Prentice Hall  |  Access Code Card  |  Out of Stock
ISBN-10: 0131867415  |  ISBN-13: 9780131867413
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