Business Statistics.

Format:

Book

Author/Creator:

Naval, Bajpai.

Language:

English

Subjects (All):

Commercial statistics.

Physical Description:

1 online resource (825 pages)

Edition:

[First edition].

Place of Publication:

Noida : Pearson India, 2009.

Summary:

Business Statistics offers readers a foundation in core statistical concepts using a perfect blend of theory and practical application. This book presents business statistics as value added tools in the process of converting data into useful information. The step-by-step approach used to discuss three main statistical software applications, MS Excel, Minitab, and SPSS, which are critical tools for decision making in the business world, makes this book extremely user friendly. India-centric case studies and examples demonstrate the many uses of statistics in business and economics. The underlying focus on the interpretation of results rather than computation makes this book highly relevant for students and practising managers. Practice quizzes and true/false questions for students, and lecture slides and solutions manual for instructors are available at http://wps.pearsoned.com/bajpai_businessstatistics_e.

Contents:

Cover

Business Statistics

Copyright

Brief Contents

Contents

About the Author

Preface

Reviewers

Introduction to Statistics

Introduction

Why Statistics is Important for Managers

Roadmap to Learning Statistics

Statistical Analysis Using MS Excel, SPSS, and Minitab®

Why We Need Data

Scales of Measurement

Nominal Scale

Ordinal Scale

Interval Scale

Ratio Scale

Four Levels of Data Measurement

Basic Statistical Concepts

Population and Sample

Descriptive Statistics and Inferential Statistics

Parameter and Statistic

Introduction to MS Excel

Introduction to Minitab®

Introduction to SPSS

Summary

Key Terms

Discussion Questions

Case Stady

Charts and Graphs

Frequency Distribution

Class Midpoint

Relative Frequency

Cumulative Frequency

Graphical Presentation of Data

Bar Chart

Using MS Excel for Bar Chart Construction

Using Minitab for Bar Chart Construction

Using SPSS for Constructing a Bar Chart

Pie Chart

Using MS Excel for Pie Chart Construction

Using Minitab for Pie Chart Construction

Using SPSS for Constructing a Pie Chart

Histogram

Using MS Excel for Histogram Construction

Using Minitab for Histogram Construction

Frequency Polygon

Using MS Excel for Constructing Frequency Polygon

Using Minitab for the Construction of Frequency Polygon

Using SPSS for Frequency Polygon Construction

Ogive

Using MS Excel for Ogive Construction

Using Minitab for Ogive Construction

Using SPSS for Ogive Construction

Pareto Chart

Using Minitab for the Construction of Pareto Charts

Using SPSS for the Construction of Pareto Charts

Stem-and-Leaf Plot

Using Minitab for Stem-and-Leaf Plot Construction

Using SPSS for Stem-and-Leaf Plot Construction

Scatter Plot.

Using MS Excel for Constructing Scatter Plots

Using Minitab for Scatter Plot Construction

Using SPSS for Scatter Plot Construction

Numerical Problems

Measures of Central Tendency

Central Tendency

Prerequisites for an Ideal Measure of Central Tendency

Mathematical Averages

Arithmetic Mean

Calculation of Simple Arithmetic Mean

Using MS Excel for the Computation of Arithmetic Mean

Using Minitab for the Computation of Arithmetic Mean

Using SPSS for Arithmetic Mean Computation

Mathematical Properties of Arithmetic Mean

Merits and Demerits of Arithmetic Mean

Merits

Demerits

Weighted Arithmetic Mean

Computation of Weighted Mean

Geometric Mean for Discrete and Continuous Series

Geometric Mean

Computation of Geometric Mean for Individual Series

Using MS Excel for the Computation of Geometric Mean

Average Rate of Growth

Importance of Geometric Mean

Merits and Demerits of Geometric Mean

Harmonic Mean

Computation of Harmonic Mean for Individual Series

Computation of Harmonic Mean for Discrete Frequency Distribution and ContinuousFrequency Distribution

Using MS Excel for Harmonic Mean Computation

Weighted Harmonic Mean

Importance of Harmonic Mean

Relationship Between AM, GM, and HM

Merits and Demerits of Harmonic Mean

Positional Averages

Median

Calculation of Median

Computation of Median for the Individual Series

Computation of Median for a Discrete Frequency Distribution

Determination of Median for a Continuous Frequency Distribution

Using MS Excel for Median Computation

Merits and Demerits of Median

Mode.

Determination of Mode

Computation of Mode for the Individual Series

Computation of Mode for Discrete Frequency Distribution

Computation of Mode for Continuous Frequency Distribution

Using MS Excel for Mode Computation

Merits and Demerits of Mode

An Empirical Relation between Mean, Median, and Mode

Partition Values: Quartiles, Deciles, and Percentiles

Quartiles

First and Third Quartiles for Individual Series

First and Third Quartiles for Discrete Series

First and Third Quartiles for Continuous Series

Using MS Excel for Quartiles Computation

Using Minitab for Quartiles Computation

Using SPSS for Quartiles Computation

Merits and Demerits of Quartiles

Deciles

Percentiles

Formulas

Case Study

Measures of Dispersion

Properties of a Good Measure of Dispersion

Methods of Measuring Dispersion

Range

Range for Individual Series

Range for Discrete Frequency Distribution

Range for Continuous Frequency Distribution

Using MS Excel for Range Computation

Using Minitab for Range Computation

Using SPSS for Range Computation

Merits and Demerits of Range

Interquartile Range and Quartile Deviation

Interquartile Range for Individual Series, Discrete Frequency Distribution, andContinuous Frequency Distribution

Using MS Excel, Minitab, and SPSS for Interquartile Range

Merits and Demerits of Quartile Deviation

Mean Absolute Deviation (or Average Absolute Deviation)

Mean Absolute Deviation for Individual Series

Mean Absolute Deviation for Discrete and Continuous Frequency Distributions

Using MS Excel, Minitab, and SPSS for Computing Mean Absolute Deviation.

Merits and Demerits of Mean Deviation

Standard Deviation, Variance, and Coefficient of Variation

Standard Deviation

Variance

Coefficient of Variation

Standard Deviation and Variance for an Individual Series

Standard Deviation and Variance for Discrete and Continuous FrequencyDistributions

Using MS Excel for Computing Standard Deviation

Using Minitab for Computing Standard Deviation

Using SPSS for Computing Standard Deviation

Mathematical Properties of Standard Deviation

Merits and Demerits of Standard Deviation

Empirical Rule

Empirical Relationship Between Measures of Dispersion

Chebyshev's Theorem

Measures of Shape

Skewness

Coefficient of Skewness

Kurtosis

The Five-Number Summary

Box-and-Whisker Plots

Using Minitab for Box-and-Whisker Plot Construction

Using SPSS for Box-and-Whisker Plot Construction

Measures of Association

Correlation

Karl Pearson's Coefficient of Correlation

Using MS Excel for Computing Correlation Coefficient

Using Minitab for Computing Correlation Coefficient

Using SPSS for Computing Correlation Coefficient

Probability

Introduction to Probability

Concept of Probability

Basic Concepts

Venn Diagram, Unions, and Intersections

Experiment

Event

Compound Event

Independent and Dependent Events

Mutually Exclusive Events

Collective Exhaustive Events

Equally Likely Events

Complementary Events

Sample Space

Counting Rules, Combinations, and Permutations

Multi-Step Experiment

Counting Rules for Combinations

Counting Rules for Permutations

Probability Assigning Techniques

Classical Technique

Relative Frequency Technique

Subjective Approach.

Types of Probability

Marginal Probability

Union Probability

Joint Probability

Conditional Probability

Some Basic Probability Rules

General Rule of Addition

Probability Matrices

Special Rule of Addition for Mutually Exclusive Events

General Rule of Multiplication

Special Rule of Multiplication

Independent Events

Bayes' Theorem

Discrete Probability Distributions

Difference between Discrete and Continuous Random Distributions

Discrete Probability Distribution

Mean, Variance, and Standard Deviation of Discrete Distribution

Mean or Expected Value

Variance of a Discrete Distribution

Binomial Distribution

Solving the Problem Using Binomial Formula

Using MS Excel for Binomial Probability Computation in Example

Using Minitab for Binomial Probability Computation in Example

Mean and Variance of a Binomial Probability Distribution

Graphical Presentation of the Binomial Probability Distribution

Poisson Distribution

Using MS Excel for Poisson distribution

Using Minitab for Poisson Probability Computation

Mean and Variance of a Poisson Probability Distribution

Graphical Presentation of the Poisson Probability Distribution

Poisson Probability Distribution as an Approximation of the Binomial Probability Distribution

Hypergeometric Distribution

Using MS Excel for Hyper geometric Distribution

Using Minitab for Hyper geometric Distribution

Continuous Probability Distributions

Introduction.

Uniform Probability Distribution.

Notes:

Description based on publisher supplied metadata and other sources.

Includes index.

ISBN:

1-282-65250-8

81-317-4305-5

9786612652509

OCLC:

816564904