This is an introductory Statistics textbook for management students who require an understanding of the role that statistics plays in supporting management decision making in all areas of business. Its primary focus is to empower management students with statistical decision-making skills so that they become active participants rather than passive observers when interacting with statistical findings as part of a management decision-making process.

The emphasis in this book is placed on:

•    Translating management problems into appropriate statistical approaches

•    Underscoring the importance of data quality as integral to valid statistical analysis

•    Identifying likely application areas through numerous illustrative examples

•    Noting the limitations of techniques for decision analysis; and

•    The appropriate management interpretation of statistical findings.

Key features:

• The use of Microsoft Excel to perform statistical analyses. Students are given the opportunity to familiarise themselves with Microsoft Excel’s statistical capabilities by applying them to data sets of business problems, which are available on the accompanying CD.
• Students can monitor their learning with the help of the exercises at the end of every chapter.

•    Chapter 1: Statistics in Management

•    Chapter 2: Summarising Data: Summary Tables and Graphs

•    Chapter 3: Describing Data: Numeric Descriptive Statistics 

•    Chapter 4: Basic Probability Concepts 

•    Chapter 5: Probability Distributions 

•    Chapter 6: Sampling and Sampling Distributions

•    Chapter 7: Confidence Interval Estimation 

•    Chapter 8: Hypothesis Testing: Single Population 

•    Chapter 9: Hypothesis Testing: Comparison between Two Populations 

•    Chapter 10: Chi-Square Hypothesis Tests

•    Chapter 11: Analysis of Variance: Comparing Means across Multiple Populations 

•    Chapter 12: Simple Linear Regression and Correlation Analysis

•    Chapter 13: Multiple Regression 

•    Chapter 14: Index Numbers: Measuring Business Activity

•    Chapter 15: Time Series Analysis: A Forecasting Tool

Management students who require an understanding of the role that statistics plays in supporting management decision making in all areas of business