Statistical Thinking for Managers, 4th Edition

  • David Hildebrand Late of the Wharton School, University of Pennsylvania
  • R. Lyman Ott
  • ISBN-10: 0534204066
  • ISBN-13: 9780534204068
  • 950 Pages Hardcover 
  • Previous Editions: 1991, 1983
  • © 1998 | Published
  • College Bookstore Wholesale Price = $253.75 
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About The Solution

Overview

Focusing on the analysis of data using modern statistical and spreadsheet software, Hildebrand and Ott emphasize making sense of data and discuss not only how a statistical method is applied, but why and why not. Throughout the book, the authors integrate computer use into the development of statistical concepts, emphasizing the value of looking at data to make sure the right questions are being asked. The real-life applications and examples throughout challenge students to think like managers. The case that concludes every chapter asks students to deal with a relatively unstructured situation and to explain the statistical reasoning in nontechnical language. Modern statistical methods, including resampling and bootstrapping are included. In addition, the authors emphasize quality control and improvement throughout the book and include three full chapters on regression and correlation methods.


Table of Contents

1. DATA
What Do We Mean by "Data?" / Data About What? / How Do You Gather Data? / What Should You Do with the Data? / How Can You Evaluate Other People's Data? / The Role of the Computer / Summary
2. SUMMARIZING DATA ABOUT ONE VARIABLE
The Distribution of Values of a Variable / On the Average: Typical Values / Measuring Variability / The Normal Distribution: A Preview / Calculators and Computer Software Systems / Statistical Methods and Quality Improvement / Summing Up
3. A FIRST LOOK AT PROBABILITY
Basic Principles of Probability / Statistical Independence / Probability Tables, Trees, and Simulations / Summing Up / Review Exercises for Chapters 2 and 3
4. RANDOM VARIABLES AND PROBABILITY DISTRIBUTIONS
Random Variable: Basic Ideas / Probability Distributions: Discrete Random Variables / Probability Distributions: Continuous Random Variables / Expected Value and Standard Deviation: Discrete Random Variables / Expected Value and Standard Deviation: Continuous Random Variables / Joint Probability Distributions and Independence / Covariance and Correlation of Random Variables / Summing Up
5. SOME SPECIAL PROBABILITY DISTRIBUTIONS
Counting Possible Outcomes / Bernoulli Trials and the Binomial Distribution / The Hypergeometric Distribution / Geometric and Negative Binomial Distributions / The Poisson Distribution / The Uniform Distribution / Exponential Distribution / The Normal Distribution / Summing Up
6. RANDOM SAMPLING AND SAMPLING DISTRIBUTIONS
Random Sampling / Sample Statistics and Sampling Distributions / Sampling Distributions for Means and Sums / Checking Normality / Summing Up / Appendix: Standard Error of a Mean / Review Exercises for Chapters 4 to 6
7. ESTIMATION
Point Estimators / Interval Estimation of a Mean, Known Standard Deviation / Confidence Intervals for a Proportion / How Large a Sample is Needed? / The t Distribution / Confidence Intervals with the t Distribution / Assumptions for Interval Estimation / Summing Up
8. HYPOTHESIS TESTING
A Test for a Mean, Known Standard Deviation / Type II Error, Beta Probability, and Power of a Test / The p-Value for a Hypothesis Test / Hypothesis Testing with the t Distribution / Assumptions for t Tests / Testing a Proportion: Normal Approximation / Hypothesis Tests and Confidence Intervals / Summing Up / Review Exercises for Chapters 7 and 8
9. COMPARING TWO SAMPLES
Comparing the Means of Two Populations / A Nonparametric Test: The Wilcoxon Rank Sum Test / Paired-Sample Methods / The Signed-Rank Method / Summing Up
10. METHODS FOR PROPORTIONS
Two-Sample Procedures for Proportions / Tests for Several Proportions / Chi-Squared Tests for Count Data / Measuring Strength of Relation / Odds / Summing Up
11. ANALYSIS OF VARIANCE AND DESIGNED EXPERIMENTS
Testing the Equality of Several Population Means / Comparing Several Distributions by Rank Test / Specific Comparisons Among Means / Two-Factor Experiments / Randomized Block Designs / More Complex Experiments / Summing Up / Review Exercises for Chapters 9-11
12. LINEAR REGRESSION AND CORRELATION METHODS
The Linear Regression Model / Estimating Model Parameters / Inferences About Regression Parameters / Predicting New Y Values Using Regression / Correlation / Summing Up
13. MULTIPLE REGRESSION MODELS
The Multiple Regression Model / Estimating Multiple Regression Coefficients / Inferences in Multiple Regression / Testing a Subset of the Regression Coefficients / Inferences in Multiple Regression / Testing a Subset of the Regression Coefficients / Forecasting Using Multiple Regression / Summing Up / Appendix: Some Multiple Regression Theory
14. CONSTRUCTING A MULTIPLE REGRESSION MODEL
Selecting Possible Independent Variables (Step 1) / Using Qualitative Predictors: Dummy Variables (Step 1) / Lagged Predictor Variables (Step 1) / Nonlinearity and Interaction (Step 2) / Choosing Among Regression Models (Step 3) / Residuals Analysis (Step 4) / Autoregression (Step 4) / Model Validation / Summing / Review Exercises for Chapters 12-14
15. TIME SERIES ANALYSIS
Index Numbers / The Classical, Cyclic, and Seasonal Approach / Smoothing Methods / The ARIMA Approach / Summing Up
16. SOME ALTERNATIVE SAMPLING METHODS
Taking a Simple Random Sample / Stratified Random Sampling / Cluster Sampling / Selecting the Sample Size / Other Sampling Techniques / Summing Up
17. DATA MANAGEMENT AND REPORT PREPARATION
Preparing Data for Statistical Analysis Guidelines for a Statistical Analysis and Report / Documentation and Storage of Results / SUMMARY

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Solutions Manual  (ISBN-10: 0534353738 | ISBN-13: 9780534353735)

Contains complete solutions for all exercises in the book.


Powerpoint Presentation  (ISBN-10: 0534361269 | ISBN-13: 9780534361266)


Student Supplements

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Doing Data Analysis with MINITAB™ 12  (ISBN-10: 0534359248 | ISBN-13: 9780534359249)

This lab manual provides clearly-written and comprehensive tutorials that allow introductory students of statistics to learn how to use MINITAB™ software to their full advantage. The manual's tutorials and exercises demonstrate MINITAB's use in the context of understanding statistical concepts as well as understanding the reasoning behind the computation. All data sets are real and reflect a variety of disciplines, including business; social, physical, and life sciences; humanities; health/medicine; engineering; and general interest.

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MINITAB Student Version 12 for Windows  (ISBN-10: 0534360092 | ISBN-13: 9780534360092)

MINITAB Student Version 12 for Windows is only available when bundled with another Duxbury textbook through college bookstores exclusively. Use of the software is licensed for student use only.

List Price = $38.95  | College Bookstore Wholesale Price = $29.00


Meet the Author

About the Author

David Hildebrand

The late David Hildebrand earned his Ph.D. at Carnegie-Mellon University, and was affiliated with the Wharton School of Business at the University of Pennsylvania.

R. Lyman Ott

Lyman Ott earned his Bachelor's degree in Mathematics and Education and Master's degree in Mathematics from Bucknell University, and Ph.D in Statistics from the Virginia Polytechnic Institute. After two years working in statistics in the pharmaceutical industry, Dr. Ott became assistant professor in the Statistic Department at the University of Florida in 1968 and was named associate professor in 1972. He joined Merrell-National laboratories in 1975 as head of the Biostatistics Department and then head of the company's Research Data Center. He later became director of Biomedical Information Systems, Vice President of Global Systems and Quality Improvement in Research and Development, and Senior Vice President Business Process Improvement and Biometrics. He retired from the pharmaceutical industry in 1998, and now serves as consultant and Board of Advisors member for Abundance Technologies, Inc. Dr. Ott has published extensively in scientific journals and authored or co-authored seven college textbooks including Basic Statistical Ideas for Managers, Statistics: A Tool for the Social Sciences and An Introduction to Statistical Methods and Data Analysis. He has been a member of the Industrial Research Institute, the Drug Information Association and the Biometrics Society. In addition, he is a Fellow of the American Statistical Association and received the Biostatistics Career Achievement Award from the Pharmaceutical research and Manufacturers of America in 1998. He was also an All-American soccer player in college and is a member of the Bucknell University Athletic Hall of Fame.

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