Basic Business Statistics Instructors Manual
Berenson, Montclair State University. Levine, Baruch College, Zicklin School of Business, City University of New York. Book solution 'Basic Business Statistics', Berenson Mark L.; Levine David M.; Krehbiel Timothy C. Number of pages. T4 Ex Sol Ch05 - Solution manual.
Student-friendly stats! Berenson’s clear and consistent explanations of how and why accepted statistical techniques are used and fresh, conversational writing style helps students with their comprehension of the concepts.
Berenson’s ‘real world’ business focus takes students beyond the pure theory by connecting statistical concepts to functional areas of business through engaging examples. Examples of real people working in real business environments, using statistics to tackle real business challenges bring the subject to life. Product details. The Student Solutions Manual provides answers to the even numbered end-of-chapter questions. The Instructor-only Solutions Manual provides educators with detailed, accuracy-verified solutions to all in-chapter and end-of-chapter problems in the book.
Australasian approach. Through the use of detailed conceptual explanations and engaging local examples and cases, the text makes statistics comprehensible, relevant and enjoyable to students.
Australasian and Pacific data sets are used for the problems in each chapter, these are also available online. Key formulas are located at the end of each chapter, and at the end of the text, to aid revision. Real people, Real Stats interviews open each part.
These introduce real people working in real business environments, using statistics to tackle real business challenges. Motivating real world business scenarios. Each chapter begins with a scenario that shows how statistics are used in the functional areas of business–accounting, finance, information systems, management, and marketing. Each scenario is used throughout the chapter to provide an applied context for the concepts. Using Statistical software.
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The text and student resources showcase the most common packages used in the business world, providing the step-by-step instructions necessary to perform most statistical analyses using the most current version of Excel, PHStat, Minitab and SPSS. Emphasis on data analysis and interpretation. Output from Excel is featured within each chapter, allowing students to focus on interpreting the software output to make informed business decisions. Visual Explorations, a Microsoft Excel workbook included online, which allows you interactively to explore important statistical concepts. For example, in descriptive statistics, you can observe the effect of changes in the data on the mean, median, quartiles and standard deviation. End-of–part problems allow students to decide on the statistical approach to use in a problem that encompasses more than just one chapter’s learning.
This provides opportunities to bring all the concepts together and presents a more realistic scenario that students would experience in a business environment. Ethical issues sections are integrated into many chapters, raising issues for ethical consideration.
Author biography. About the Australian authors Judith Watson teaches in the Business School at UNSW Australia. She has extensive experience in lecturing and administering undergraduate and postgraduate Quantitative Methods courses. Judith’s keen interest in student support led her to establish the Peer Assisted Support Scheme (PASS) in 1996 and she has coordinated this program for many years. She served as her faculty’s academic adviser from 2001 to 2004. Judith has been the recipient of a number of awards for teaching. She received the inaugural Australian School of Business Outstanding Teaching Innovations Award in 2008 and the 2012 Bill Birkett Award for Teaching Excellence.
She also won the UNSW Vice Chancellor’s Award for Teaching Excellence in 2012 and a Citation of Outstanding Contributions to Student Learning from the Australian Government’s Office for learning. Judith is interested in using online learning technology to engage students and has created a number of adaptive e-learning tutorials for mathematics and statistics and cartoon-style videos to explain statistical concepts.
Dr Nicola Jayne is a lecturer in the Southern Cross Business School at the Lismore campus of Southern Cross University. She has been teaching quantitative units since being appointed to the university in 1993 after several years at Massey University in New Zealand. Nicola has lectured extensively in Business and Financial Mathematics, Discrete Mathematics and Statistics, both undergraduate and postgraduate, as well as various Pure Mathematics units.
Her academic qualifications from Massey University include a Bachelor of Science (majors in Mathematics and Statistics), a Bachelor of Science with Honours (first class) and a Doctor of Philosophy, both in Mathematics. Nicola also has a Graduate Certificate in Higher Education (Learning & Teaching) from Southern Cross University. She was the recipient of a Vice Chancellor’s Citation for an Outstanding Contribution to Student Learning in 2011. Dr Martin O’Brien is a senior lecturer and Head of the Discipline of Economics at the School of Economics, University of Wollongong. Martin earned his Bachelor of Commerce (first-class honours) and PhD in Economics at the University of Newcastle. Martin’s PhD and subsequent published research is in the general area of labour economics, and specifically the exploration of older workers’ labour force participation in Australia in the context of an ageing society. He has taught a wide range of quantitative subjects at university level, including business statistics, quantitative analysis for decision making, econometrics, financial modelling, business research methods and quality management.
Martin also has a keen interest in the development of new teaching technologies and the analysis of alternative teaching methods such as practice-into-theory. About the originating authors Mark L. Berenson is Professor of Management and Information Systems at Montclair State University (Montclair, New Jersey) and also Professor Emeritus of Statistics and Computer Information Systems at Bernard M. Baruch College (City University of New York). He currently teaches graduate and undergraduate courses in statistics and in operations management in the School of Business and an undergraduate course in international justice and human rights that he co-developed in the College of Humanities and Social Sciences. Berenson received a BA in economic statistics and an MBA in business statistics from City College of New York and a PhD in business from the City University of New York. Berenson’s research has been published in Decision Sciences Journal of Innovative Education, Review of Business Research, The American Statistician, Communications in Statistics, Psychometrika, Educational and Psychological Measurement, Journal of Management Sciences and Applied Cybernetics, Research Quarterly, Stats Magazine, The New York Statistician, Journal of Health Administration Education, Journal of Behavioral Medicine, and Journal of Surgical Oncology.
His invited articles have appeared in The Encyclopedia of Measurement & Statistics and Encyclopedia of Statistical Sciences. He is co-author of 11 statistics texts published by Prentice Hall, including Statistics for Managers Using Microsoft Excel, Basic Business Statistics: Concepts and Applications, and Business Statistics: A First Course. Over the years, Berenson has received several awards for teaching and for innovative contributions to statistics education. In 2005, he was the first recipient of the Catherine A. Becker Service for Educational Excellence Award at Montclair State University, and in 2012 he was the recipient of the Khubani/Telebrands Faculty Research Fellowship in the School of Business. Levine is Professor Emeritus of Statistics and Computer Information Systems at Baruch College (City University of New York).
He received BBA and MBA degrees in statistics from City College of New York and a PhD from New York University in industrial engineering and operations research. He is recognised in the United States as a leading innovator in statistics education and is the co-author of 14 books, including such best-selling statistics textbooks as Statistics for Managers Using Microsoft Excel, Basic Business Statistics: Concepts and Applications, Business Statistics: A First Course, and Applied Statistics for Engineers and Scientists Using Microsoft Excel and Minitab. Levine is also the co-author of Even You Can Learn Statistics: A Guide for Everyone Who Has Ever Been Afraid of Statistics, currently in its second edition, Six Sigma for Green Belts and Champions, and Design for Six Sigma for Green Belts and Champions; and is the author of Statistics for Six Sigma Green Belts, all published by FT Press, a Pearson imprint; and Quality Management, third edition, published by McGraw-Hill/Irwin.
He is also the author of Video Review of Statistics and Video Review of Probability, both published by Video Aided Instruction, and the statistics module of the MBA primer published by Cengage Learning. He has published articles in various journals, including Psychometrika, The American Statistician, Communications in Statistics, Decision Sciences Journal of Innovative Education, Multivariate Behavioral Research, Journal of Systems Management, Quality Progress, and The American Anthropologist, and he has given numerous talks at the Decision Sciences Institute (DSI), American Statistical Association (ASA), and Making Statistics More Effective in Schools and Business (MSMESB) conferences. Levine has also received several awards for outstanding teaching and curriculum development from Baruch College. Szabat is Associate Professor and Chair of Business Systems and Analytics at LaSalle University. She teaches undergraduate and graduate courses in business statistics and operations management. Szabat’s research has been published in International Journal of Applied Decision Sciences, Accounting Education, Journal of Applied Business and Economics, Journal of Healthcare Management, and Journal of Management Studies. Scholarly chapters have appeared in Managing Adaptability, Intervention, and People in Enterprise Information Systems; Managing, Trade, Economies and International Business; Encyclopedia of Statistics in Behavioral Science; and Statistical Methods in Longitudinal Research.
Szabat has provided statistical advice to numerous business, non-business and academic communities. Her more recent involvement has been in the areas of education, medicine and non-profit capacity building. Szabat received a BS in mathematics from State University of New York at Albany and MS and PhD degrees in statistics, with a cognate in operations research, from the Wharton School of the University of Pennsylvania. Student supplements. Pearson 9018956 Basic Business Statistics Student-friendly stats! Berenson’s clear and consistent explanations of how and why accepted statistical techniques are used and fresh, conversational writing style helps students with their comprehension of the concepts. Berenson’s ‘real world’ business focus takes students beyond the pure theory by connecting statistical concepts to functional areas of business through engaging examples.
Examples of real people working in real business environments, using statistics to tackle real business challenges bring the subject to life.
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.
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.
Provide students with power of practice:. MyStatLab–mystatlab.com–is a powerful online homework and assessment tool designed to help students practice statistics problems and improve their understanding of the concepts–all while providing you with detailed feedback on their performance. MyStatLab provides students with the following online features and tools:. Interactive tutorial exercises.
The comprehensive set of exercises found in MyStatLab was specifically created for use with Basic Business Statistics. All of these exercises can be algorithmically generated for unlimited practice and mastery. Personalized Study Plan.
The Study Plan shows students which topics they have mastered and creates direct links to tutorial exercises for topics that they may need extra practice on. MyStatLab manages the Study Plan, updating its content based on the results of future online assessments. Pearson Tutor Center (www.pearsontutorservices.com). The MyStatLab student access code grants access to this online resource, staffed by qualified instructors who provide book-specific tutoring via phone, fax, email, and interactive web sessions.
Online Chapter. The electronic-only Chapter 19: Decision Making, is available for download in PDF format. Online Topics. Online topics discuss additional topics for Chapters 5, 6, 7, 8, 9, 11, 12, 15, and 16. They are available for download in PDF format.
Basic Business Statistics Formulas
Using Excel 2003 Guide. This guide presents, where necessary, alternate Excel Guide instructions for users of this older version of Excel. Data Files. Excel and Minitab data files used by in-chapter examples and problems are provided.
This is the latest version of PHStat2, the Pearson statistical add-in for Windows-based Excel, version 2003 and later. This latest version eliminates the use of the Excel Analysis ToolPak add-in, thereby simplifying installation and setup. Excel Guide Workbooks. Self-documenting Excel Guide workbooks illustrate solutions for more than 60 statistical topics that serve as freely reusable templates for future problem solving. Introduce students to the relevance: Using Statistics Scenarios. Each chapter begins with a Using Statistics scenario that shows how statistics are used in the functional areas of business–accounting, finance, information systems, management, and marketing.
Each scenario is used throughout the chapter to provide an applied context for the concepts. Offer enhanced statistical coverage:. DCOVA Framework.
The use of the DCOVA ( Define, Collect, Organize, Visualize, and Analyze) framework is used throughout this text as an integrated approach for applying statistics to help solve business problems. Using StatisticsRevisited. The new chapter-ending Using Statistics. Revisited sections reinforce the statistical methods and applications discussed in each chapter. Managing Ashland MultiComm Services Integrated Case.
Showing students how a business uses the statistical methods they’re learning, this new integrated case appears at the end of the chapters throughout the text (replacing the Springville Herald case). Get students to apply the concepts to realistic business situations:. Projects-Detailed Case Studies are included in numerous chapters. The Managing Ashland MultiComm Services continuing case, a team project related to bond funds, and undergraduate and graduate student surveys are included at the end of most chapters–these serve to integrate learning across the chapters. Digital Cases–An end-of-chapter Digital Case is included for each of the first 16 chapters.
Most Digital Cases extend a Using Statistics business scenario by posing additional questions and raising issues about the scenario. By completing these cases, students discover and learn how to identify common misuses of statistical information. Think About This Essays. The revised and updated Think About This essays (formerly entitled: From the Author’s Desktop) provide greater insight into what students just read about and raise important issues about the application of statistical knowledge. Provide a reference guide for using the programs: Expanded Excel and Minitab Guides. This edition contains revised, reorganized, and enhanced instructions for using Excel and Minitab in the new end-of-chapter guides and back-of-the book appendices. Offer enhanced statistical coverage:.
DCOVA Framework. The use of the DCOVA ( Define, Collect, Organize, Visualize, and Analyze) framework is used throughout this text as an integrated approach for applying statistics to help solve business problems. Using StatisticsRevisited. The new chapter-ending Using Statistics.
Revisited sections reinforce the statistical methods and applications discussed in each chapter. Managing Ashland MultiComm Services Integrated Case.
Showing students how a business uses the statistical methods they’re learning, this new integrated case appears at the end of the chapters throughout the text (replacing the Springville Herald case). Provide a reference guide for using the programs: Expanded Excel and Minitab Guides.
This edition contains revised, reorganized, and enhanced instructions for using Excel and Minitab in the new end-of-chapter guides and back-of-the book appendices. Table of Contents Chapter 1. Introduction Chapter 2. Organizing and Visualizing Data Chapter 3.
Numerical Descriptive Measures Chapter 4. Basic Probability Chapter 5. Discrete Probability Distributions Chapter 6. The Normal Distribution and Other Continuous Distributions Chapter 7. Sampling and Sampling Distributions Chapter 8. Confidence Interval Estimation Chapter 9. Fundamentals of Hypothesis Testing: One-Sample Tests Chapter 10.
Two-Sample Tests Chapter 11. Analysis of Variance Chapter 12. Chi-Square Tests and Nonparametric Tests Chapter 13. Simple Linear Regression Chapter 14. Introduction to Multiple Regression Chapter 15. Multiple Regression Model Building Chapter 16.
Time-Series Forecasting Chapter 17. Statistical Applications in Quality Management Chapter 18. A Road Map for Analyzing Data.