Description

Features

For the 1 or 2 semester course in Business Statistics.

Emphasizing the use of statistical software like Excel and Minitab, this comprehensive text offers a rich array of business examples, real data, and a unique step-by-step framework that allows students to learn by doing.

How do you integrate computer applications? What software capabilities are important for your course?

Solid Computer Integration: Business Statistics: A Decision-Making Approach, 7/e seamlessly integrates computer applications with textual examples and figures, always focusing on interpreting the output. It equips students with the ability—and confidence—to know which tools to use, how to apply them, and how to analyze their results for making decisions.

New Microsoft Excel 2007 (or Excel 2003): Thorough and user friendly, the book teaches students how to use the new Excel user interface for statistical application.

• See Figure 3.2A, p. 96
• See Figure 3.4, p. 102

PHStat2: Included on the student CD-ROMs, this add-in extends the statistical capabilities of Microsoft Excel and executes the low-level menu selection and worksheet entry tasks associated with implementing statistical analysis in Excel. When combined with the Data Analysis ToolPak add-in, virtually all statistical methods taught in an introductory statistics course can be demonstrated using Microsoft Excel. PHStat2 uses a set of simple and consistent dialog boxes that allow students to specify values and options for almost 50 tools included in the software. And unlike some competitors’ add-ins, most of these worksheets contain live formulas that allow students to engage immediately in further “what-if” explorations of the data.

Minitab is also featured with associated instructions.

• Figure 3.2B, p. 97 orange box
• p. 124, orange box

What tools do you use to help reinforce statistical concepts? What learning tools help your students the most?

Step-by-Step Approach: The all-new seventh edition continues Business Statistics’s signature step-by-step approach to reinforce chapter material. With this framework, readers learn by example and then put their knowledge into practice with extensive exercises that continue to increase in level of difficulty as students progress.

• Example 3-1(United Airlines) p. 94, Example 3-2 (Housing Prices), p. 97

Textual Examples: Integrated throughout, examples offer step-by-step details enabling students to follow solution techniques more easily, and then apply the methodology to solve other problems. A vast array of business applications also gives students a real-world, competitive edge.

• p. 94, United Airlines; p. 97 - 100 Housing Prices

Summary Boxes: These informative features are provided throughout each chapter to summarize major techniques and reinforce fundamental concepts.

• p. 94, 106

Special Review Sections: Included for Chapters 1-3 and Chapters 7-11, these sections provide a summary and review of key issues and statistical techniques. In addition, integrative questions and exercises ask students to demonstrate their comprehension of the topics covered in these sections.

• p. 139-140

How do you tie chapter concepts to business practice?

Real-World Emphasis: Illustrating how statistical concepts are used in everyday business, chapters and cases are packed with actual companies, practical applications, and rich data sets. In addition, the wide assortment of hands-on exercises enables students to apply their statistical knowledge to the decision-making process.

• Burger 'n Brew, p. 130 in text example
• Exercises 3-1, p. 111, hands on exercises

New McDonald’s Corporation Video Cases: The authors have established a relationship with McDonald’s to provide students with real-world statistical data and an all-new integrated video case series.

• p. 145 

Chapter Cases: Included in almost every chapter, cases give students another opportunity to put statistical tools into real-world practice. Cases challenge students to define the problem, determine the appropriate tool to use, apply it, and then write a summary report.

•  p. 146-148

OTHER POINTS OF DISTINCTION

When they begin your course, how familiar are your students with statistical software? What resources would be helpful in teaching students to skillfully use statistical software tools?

Excel and Minitab Tutorials: Helping students get up to speed quickly, these customized PowerPoint tutorials for both Minitab and Excel use data sets from text examples. Students who need additional instruction in Excel or Minitab can access the menu-driven tutorial, which will show the exact steps needed to replicate all computer examples in the text.

• p. 96, p. 124 see the CD logos

Data Files: An extensive number of data files for examples, cases, and exercises in the text are included on the CD-ROM in Excel, Minitab, SPSS, SAS, and ASCII formats. The text references these data files with a CD-ROM icon.

Excel Simulations: Several interactive simulations illustrate key statistical topics and allow students to do “what-if” scenarios.

Online Help System: This invaluable resource offers students anytime, anywhere assistance.

What type of exercises do you like to use in class and for homework?

New Problems and Exercises: The new seventh edition includes an extensive revision of exercise sections, featuring many new problems. Exercise sets are broken down into three categories for ease of use and assignment purposes:

• Skill Development problems help students build and expand upon statistical methods learned in the chapter.  p. 125-126
• Business Application problems involve realistic situations in which students apply decision-making techniques.  p. 126-127
• New Computer Applications: In addition to being worked out manually, many problems have associated data files and can be solved using Excel, Minitab, or other statistical software. p. 127-128

What kind of class management resources would be most helpful to you?

Robust Instructor Resources: Business Statistics: A Decision-Making Approach, 7/eincludes a number of innovative instructor tools available in print and online (www.prenhall.com/groebner), including an Instructor’s Solution Manual, Test Item File, TestGen test-generating software, PowerPoint lecture presentations, video case series, and more.

New To This Edition

What kind of statistical software do you like your students to use?

New Microsoft Excel 2007: Business Statistics: A Decision-Making Approach, 7/e’s Microsoft Excel 2007 integration instructs students how to use the new Excel user interface for statistical application. The book’s comprehensive coverage also includes Minitab and PHStat2.

What type of exercises do you like to use in class and for homework?

New Problems and Exercises: The new seventh edition includes an extensive revision of exercise sections, featuring many new problems. Exercise sets are broken down into three categories for ease of use and assignment purposes:

• Skill Development problems help students build and expand upon statistical methods learned in the chapter. p. 125-126
• Business Application problems involve realistic situations in which students apply decision-making techniques. p. 126-127
• New Computer Applications: In addition to being worked out manually, many problems have associated data files and can be solved using Excel, Minitab, or other statistical software. p. 127-128

How do you present statistical concepts in a way that is relevant for your students?

New McDonald’s Corporation Video Cases: The package’s array of real-world examples and illustrations is complemented by an all-new video case series. The authors have established a relationship with McDonald’s to provide readers with real-world statistical data in this exciting, integrated video case series that allows students to apply statistical tools and concepts to a product that are already familiar with.

• p. 145

Additional Changes:

New Text Design: A new innovative design creates a stronger visual relationship between the content Summary Boxes and Textual Examples, helping students focus on key concepts and related examples.

Chapter 5 and 6: The previous Chapter 5 is now broken down into two distinct chapters: Introduction to Discrete Probability Distributions (Chapter 5) and Introduction to Continuous Probability Distributions (Chapter 6)

Chapter 19: The Introduction to Decision Analysis chapter, formerly available only on the Student CD-ROM, has been placed back into the text as Chapter 19.

Table of Contents

Chapter 1: The Where, Why and How of Data Collection

Chapter 2: Graphs, Charts, and Tables — Describing Your Data

Chapter 3: Describing Data Using Numerical Measures

Chapter 4: Introduction to Probability

Chapter 5: Introduction to Discrete Probability Distributions

Chapter 6: Introduction to Continuous Probability Distributions

Chapter 7: Introduction to Sampling Distributions

Chapter 8: Estimating Single Population Parameters

Chapter 9: Introduction to Hypothesis Testing

Chapter 10: Estimation and Hypothesis Testing for Two Population Parameters

Chapter 11: Hypothesis Tests for One and Two Population Variances

Chapter 12: Analysis of Variance

Chapter 13: Goodness-of-Fit Tests and Contingency Analysis

Chapter 14: Introduction to Linear Regression and Correlation Analysis

Chapter 15: Multiple Regression and Model Building

Chapter 16: Analyzing and Forecasting Time-Series Data

Chapter 17: Introduction to Nonparametric Statistics

Chapter 18: Introduction to Quality and Statistical Process Control

Chapter 19: Introduction to Decision Analysis

Courses

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

Next Edition(s)

• Business Statistics, 8/E
  Groebner, Shannon, Fry & Smith
  ©2011  |  Prentice Hall  |  Cloth; 936 pp  |  Instock
  ISBN-10: 0136121012  |  ISBN-13: 9780136121015
  Suggested retail price: $224.00  Buy from myPearsonStoreNet price: $168.00  (What's this?)Brief Description  | 

  

  For one or two semester, undergraduate Business Statistics courses.
  
  A direct approach to business statistics, ordered in a signature step-by-step framework.
  
  Students could have a competitive edge over new graduates and experienced employees if they know how to apply statistical analysis skills to real-world, decision-making problems. To help students achieve this advantage, Business Statistics uses a direct approach that consistently presents concepts and techniques in way that benefits students of all mathematical backgrounds. This text also contains engaging business examples to show the relevance of business statistics in action.
  
  The eighth edition provides even more learning aids to help students understand the material.
  
  

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JMP Technology Tutorial Videos for Business Statistics
Pearson
©2012  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 032174778X  |  ISBN-13: 9780321747785
This online resource is available at no cost.
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