Introduction to Business Statistics, 7th Edition

  • includes Premium Web Site Printed Access Card
  • Ronald M. Weiers Indiana University of Pennsylvania
  • ISBN-10: 0538452196  |  ISBN-13: 9780538452199
  • 896 Pages
  • Previous Editions: 2008, 2005, 2002
  • © 2011 | Published
Request a Copy
 

About

Overview

Highly praised for its exceptional clarity, technical accuracy, and useful examples, Weiers' INTRODUCTION TO BUSINESS STATISTICS, Seventh Edition, introduces fundamental statistical concepts with an engaging, conversational presentation and a strong emphasis on the practical relevance of course material to students' lives and careers. The text's outstanding illustrations, friendly language, non-technical terminology, and current examples involving real-world business and personal settings will capture students' interest and prepare them for success from day one. Continuing cases, contemporary business applications, and more than 300 new or revised exercises and problems reflect important trends and the latest developments in today's dynamic business environment—all with an accuracy you and your students can trust.


Additional Product Information

Features/Benefits

  • A continuing, integrated case (the Thorndike Sports Equipment Company) provides an interesting, in-depth exploration of statistics in action, helping students apply course concepts to complex, realistic business scenarios, and allowing them to develop a strong appreciation for the value of statistics in guiding key business decisions throughout all parts of an organization.
  • Strategically placed throughout the text in areas where students often need help, 21 Java applets from Gary McClelland's award-winning Seeing Statistics series are specifically adapted to help students visualize difficult statistical concepts in action. Three to five accompanying exercises per applet are ideal for individual practice or classroom participation.
  • Microsoft® Excel® and Minitab® coverage, including step-by-step instructions and detailed output, is integrated throughout the text to demonstrate how these widely used spreadsheet and statistics applications can solve key business problems.
  • The text emphasizes modern, practical business applications of statistics, including familiarizing students with the role of statistics in total quality management and business and survey research, as well as devoting significant coverage to ethical issues in statistical analysis and reporting.
  • Discussions of data collection and research methods early in the book clearly frame and justify the statistical methodology presented, giving students a strong understanding of these important concepts.

Table of Contents

Part I: BUSINESS STATISTICS: INTRODUCTION AND BACKGROUND.
1. A Preview of Business Statistics.
2. Visual Description of Data.
3. Statistical Description of Data.
4. Data Collection and Sampling Methods.
Part II: PROBABILITY.
5. Probability: Review of Basic Concepts.
6. Discrete Probability Distributions.
7. Continuous Probability Distributions.
Part III: SAMPLING DISTRIBUTIONS AND ESTIMATION.
8. Sampling Distributions.
9. Estimation from Sample Data.
Part IV: HYPOTHESIS TESTING.
10. Hypothesis Tests Involving a Sample Mean or Proportion.
11. Hypothesis Tests Involving Two Sample Means or Proportions.
12. Analysis of Variance Tests.
13. Chi-Square Applications.
14. Nonparametric Methods.
Part V: REGRESSION, MODEL BUILDING, AND TIME SERIES.
15. Simple Linear Regression and Correlation.
16. Multiple Regression and Correlation.
17. Model Building.
18. Models for Time Series and Forecasting.
Part VI: SPECIAL TOPICS.
19. Decision Theory.
20. Total Quality Management.
21. Ethics in Statistical Analysis and Reporting (online chapter).
Appendix A: Statistical Tables.
Appendix B: Selected Answers.
Index.
Glossary.

What's New

  • CengageNOW™ is a fully integrated, innovative online teaching and learning system that combines the best of current technology to help you efficiently plan your business statistics course, manage and grade assignments automatically, teach with built-in technology support, reinforce student comprehension with personalized learning paths, and create exams using a customized algorithmic test bank.
  • The new edition includes updated coverage of Six Sigma to prepare students to use statistical results successfully in the business world with the latest business applications. Coverage includes a description of the term, as well as its basis (plus/minus three standard deviations from the mean), philosophy, and popularity.
  • The Seventh Edition has been thoroughly updated to feature more than 300 new or revised exercises, giving students a powerful opportunity to apply their knowledge and hone their skills by exploring the use of statistics in current, relevant business scenarios.
  • An updated set of 82 computer solutions, with printouts and step-by-step instructions for Minitab® 16 and Microsoft® Excel® 2010, now makes it easier than ever to design and use assignments incorporating Minitab and Excel.
  • Approximately 450 datasets for section, chapter, and case exercises provide you with abundant options for course assignments, making it easy to customize exercises to suit your course content, teaching preferences, or students’ needs and interests.

Learning Resource Bundles

Learning Resource Bundles

Convenient, cost-effective bundles provide additional resources to boost student engagement. Contact your Learning Consultant for more information.


Bundle: Text + CengageNOW Printed Access Card
ISBN-10: 111141436X  | ISBN-13: 9781111414368


ePack: Printed Text + CengageNOW Instant Access
ISBN-10:  1305604180 | ISBN-13:  9781305604186


Supplements

Instructor Supplements

Instructor Supplements

All supplements have been updated in coordination with the main title. Select the main title's "About the Solution" tab, then select "What's New" for updates specific to title's edition. For more information about these supplements, or to obtain them, contact your Learning Consultant.

Introduction to Business Statistics (Book Only)Introduction to Business Statistics (Book Only)  (ISBN-10: 053845217X | ISBN-13: 9780538452175)


Cengage Learning eBook  (ISBN-10: 1111471282 | ISBN-13: 9781111471286)


Premium Web Site  (ISBN-10: 0840056923 | ISBN-13: 9780840056924)

This easy-to-use and thoroughly revised test-creation program for Microsoft® Windows or Macintosh contains many multiple-choice, short answer, fill-in-the-blank, and computation problems, making it easy for you to customize tests to your specific needs. You can also edit or create questions and store customized exams, and this is an ideal tool for online testing. ExamView is available on the Instructor's Resource CD-ROM and the book companion Web site.


CengageNOW Instant Access Code  (ISBN-10: 0840057652 | ISBN-13: 9780840057655)

Succeed in your business statistics course with CengageNOW, a powerful online homework tool that optimizes your learning experience. This interactive system generates a diagnostic Personalized Study Plan (with a chapter-specific Pre-test, Study Plan, and Post-test) to help you master concepts, prepare for exams, and get a better grade


CengageNOW  (ISBN-10: 0840057644 | ISBN-13: 9780840057648)


Web Site  (ISBN-10: 0840047266 | ISBN-13: 9780840047267)

This site gives you access to a rich array of teaching and learning resources to help you plan, manage, effectively teach, and efficiently grade assignments in your business statistics course. Chapter-by-chapter outlines, online tutorial quizzes, reviews, links to other critical business statistics sites, and more will help focus student learning. You can also download password-protected teaching resources whenever you need them to support your course.


Premium Web Site  (ISBN-10: 0840057628 | ISBN-13: 9780840057624)

The student premium Web site features chapter-by-chapter outlines, online tutorial quizzes, and reviews to help focus student learning. The site also includes: Applets from Gary McClelland’s award-winning Seeing Statistics multimedia program Thorndike Sports Equipment Video Cases, which correspond to the continuing case in the textbook The datasets—formatted for Minitab™ and Microsoft® Excel®—necessary to complete text exercises Data Analysis Plus Excel add-in The Test Statistics.xls Excel Workbook, which enables Excel users to quickly perform statistical tests and procedures by simply entering the relevant summary statistics. This workbook accompanies Data Analysis Plus and is terrific for solving exercises, checking solutions, or performing what-if analyses. Additional topics not included in the text: Chapter 21: Ethics in Statistical Analysis and Reporting Appendix 6.1: The Hypergeometric Distribution, and Data Analysis Plus and Data Sets.


CengageNOW™ on Blackboard®, 1 term (6 months) Instant Access  (ISBN-10: 0840057601 | ISBN-13: 9780840057600)

CengageNOW™ is an online teaching and learning resource that gives you more control in less time and delivers better outcomes—NOW.


CengageNOW Printed Access Card  (ISBN-10: 0840057660 | ISBN-13: 9780840057662)

With its engaging learning and assessment tools, CengageNOW supports the entire student workflow, from motivation to mastery. For instructors, CengageNOW provides control and customization with the opportunity to tailor the learning experience to improve outcomes.


CengageNOW on WebCT™, 1 term (6 months) Printed Access Card  (ISBN-10: 0840057571 | ISBN-13: 9780840057570)

CengageNOW is an intuitive, online learning resource that features customized assignments, quizzing opportunities to test your knowledge, instant feedback, and progress tracking. It is designed to help you organize your assignments and deliver better course results.


Bind-In Printed Access Card  (ISBN-10: 0538452188 | ISBN-13: 9780538452182)


Instructor's Resource CD-ROM  (ISBN-10: 053847730X | ISBN-13: 9780538477307)

Place all the resources you need for a successful course at your fingertips with this all-in-one-source for planning, teaching, grading, and assessing student understanding and progress. This CD-ROM includes the Solutions Manual, Test Bank in Microsoft® Word and ExamView®, PowerPoint® presentation slides, and award-winning Seeing Statistics Java applets.


Premium Web Site, 1 term (6 months) Instant Access  (ISBN-10: 0840057636 | ISBN-13: 9780840057631)

Designed to help you succeed in your business statistics course, the premium website contains many useful student resources including video tutorials, interactive quizzing, web links, PowerPoint presentations, appendices, datasets, a glossary, and more.


Instructor's Edition  (ISBN-10: 0538470623 | ISBN-13: 9780538470629)

Highly praised for its exceptional clarity, technical accuracy, and useful examples, Weiers’ INTRODUCTION TO BUSINESS STATISTICS, Seventh Edition, introduces fundamental statistical concepts with an engaging, conversational presentation and a strong emphasis on the practical relevance of course material to students’ lives and careers. The text’s outstanding illustrations, friendly language, non-technical terminology, and current examples involving real-world business and personal settings will capture students’ interest and prepare them for success from day one. Continuing cases, contemporary business applications, and more than 300 new or revised exercises and problems reflect important trends and the latest developments in today’s dynamic business environment—all with an accuracy you and your students can trust.


Introductory Business Statistics, International Edition  (ISBN-10: 1111058857 | ISBN-13: 9781111058852)

Highly praised for its exceptional clarity, technical accuracy, and useful examples, Weiers' Introductory Business Statistics, 7e, International Edition introduces fundamental statistical concepts with an engaging, conversational presentation and a strong emphasis on the practical relevance of course material to students' lives and careers. The text's outstanding illustrations, friendly language, non-technical terminology, and current examples involving real-world business and personal settings will capture students' interest and prepare them for success from day one. Continuing cases, contemporary business applications, and more than 300 new or revised exercises and problems reflect important trends and the latest developments in today's dynamic business environment—all with an accuracy you and your students can trust.


Student Supplements

Student Supplements

All supplements have been updated in coordination with the main title. Select the main title's "About the Solution" tab, then select "What's New" for updates specific to title's edition. For more information about these supplements, or to obtain them, contact your Learning Consultant.

Introduction to Business Statistics (Book Only)Introduction to Business Statistics (Book Only)  (ISBN-10: 053845217X | ISBN-13: 9780538452175)


Cengage Learning eBook  (ISBN-10: 1111471282 | ISBN-13: 9781111471286)


CengageNOW Instant Access Code  (ISBN-10: 0840057652 | ISBN-13: 9780840057655)

Succeed in your business statistics course with CengageNOW, a powerful online homework tool that optimizes your learning experience. This interactive system generates a diagnostic Personalized Study Plan (with a chapter-specific Pre-test, Study Plan, and Post-test) to help you master concepts, prepare for exams, and get a better grade


CengageNOW  (ISBN-10: 0840057644 | ISBN-13: 9780840057648)


Premium Web Site  (ISBN-10: 0840057628 | ISBN-13: 9780840057624)

The student premium Web site features chapter-by-chapter outlines, online tutorial quizzes, and reviews to help focus your learning. The site also includes: Applets from Gary McClelland’s award-winning Seeing Statistics multimedia program Thorndike Sports Equipment Video Cases, which correspond to the continuing case in the textbook The datasets—formatted for Minitab™ and Microsoft® Excel®—necessary to complete text exercises Data Analysis Plus Excel add-in The Test Statistics.xls Excel Workbook, which enables Excel users to quickly perform statistical tests and procedures by simply entering the relevant summary statistics. This workbook accompanies Data Analysis Plus and is terrific for solving exercises, checking solutions, or performing what-if analyses. Additional topics not included in the text: Chapter 21: Ethics in Statistical Analysis and Reporting.


CengageNOW™ on Blackboard®, 1 term (6 months) Instant Access  (ISBN-10: 0840057601 | ISBN-13: 9780840057600)

CengageNOW™ is an easy-to-use online resource that helps you study in less time to get the grade you want.


CengageNOW Printed Access Card  (ISBN-10: 0840057660 | ISBN-13: 9780840057662)

Have the tools you need to be successful A variety of tools are available in CengageNOW, all combined in one easy-to-use resource designed to improve your grades. Some resources get you prepared for class and help you succeed on homework, and others show you specific areas where you can work to improve. Stay ahead of the course requirements CengageNOW shows you the path through your course—from first day through finals. Once you know what’s expected, it’s easier to complete your assignments. Gain understanding that stays with you Do well on tests as well as the assignments! Bridge the gap between homework and tests by using CengageNOW to truly understand the material. Self-study and review materials keep you on the right track, to make sure your understanding goes beyond memorization. Set yourself up for better grades Why wonder where you stand? CengageNOW includes trackable assignments and grades. It tells you what to do to improve your grade, and gives you the tools to accomplish it! Student Testimonials: “I love the check your work option. Really, when you’re having a hard time figuring out an answer, sometimes working backwards is the best way to understand conceptually what you’re doing wrong.” - Brad Duncan University of Utah “I liked the videos because they were short enough to teach me and because they were short, I was able to find time to watch them again and again if I did not understand the first time.” - Jennifer Wright Northeast Wisconsin Technical College CTA: Ask your instructor about CengageNOW for this course.


CengageNOW on WebCT™, 1 term (6 months) Printed Access Card  (ISBN-10: 0840057571 | ISBN-13: 9780840057570)

CengageNOW is an intuitive, online learning resource that features customized assignments, quizzing opportunities to test your knowledge, instant feedback, and progress tracking. It is designed to help you organize your assignments and deliver better course results.


Premium Web Site, 1 term (6 months) Instant Access  (ISBN-10: 0840057636 | ISBN-13: 9780840057631)

Designed to help you succeed in your business statistics course, the premium website contains many useful student resources including video tutorials, interactive quizzing, web links, PowerPoint presentations, appendices, datasets, a glossary, and more.


MindLink for CengageNOW Instant Access  (ISBN-10: 130538816X | ISBN-13: 9781305388161)

Have the tools you need to be successful A variety of tools are available in CengageNOW, all combined in one easy-to-use resource designed to improve your grades. Some resources get you prepared for class and help you succeed on homework, and others show you specific areas where you can work to improve. Stay ahead of the course requirements CengageNOW shows you the path through your course—from first day through finals. Once you know what’s expected, it’s easier to complete your assignments. Gain understanding that stays with you Do well on tests as well as the assignments! Bridge the gap between homework and tests by using CengageNOW to truly understand the material. Self-study and review materials keep you on the right track, to make sure your understanding goes beyond memorization. Set yourself up for better grades Why wonder where you stand? CengageNOW includes trackable assignments and grades. It tells you what to do to improve your grade, and gives you the tools to accomplish it! Student Testimonials: “I love the check your work option. Really, when you’re having a hard time figuring out an answer, sometimes working backwards is the best way to understand conceptually what you’re doing wrong.” - Brad Duncan University of Utah “I liked the videos because they were short enough to teach me and because they were short, I was able to find time to watch them again and again if I did not understand the first time.” - Jennifer Wright Northeast Wisconsin Technical College CTA: Ask your instructor about CengageNOW for this course.


Introductory Business Statistics, International Edition  (ISBN-10: 1111058857 | ISBN-13: 9781111058852)

Highly praised for its exceptional clarity, conversational style, and useful examples, Introductory Business Statistics, 7e, International Edition was written specifically for you. This proven, popular text cuts through the jargon to help you understand fundamental statistical concepts and why they are important to you, your world, and your career. The text's outstanding illustrations, friendly language, non-technical terminology, and current, real-world examples will capture your interest and prepare you for success—in your course and throughout your career—right from the start.


Meet the Author

About the Author

Ronald M. Weiers

Dr. Ron Weiers is an award-winning teacher and textbook author in the fields of business statistics and marketing research. He holds a passion for "making complicated things understandable," which is evident in the clear, conversational writing style found in his INTRODUCTION TO BUSINESS STATISTICS. Dr. Weiers is a recipient of the Indiana University of Pennsylvania Distinguished Faculty Award for Teaching. He is an adjunct professor at the H. John Heinz III School of Public Policy and Management, Carnegie Mellon University, and is Professor Emeritus at the Eberly College of Business and Information Technology, Indiana University of Pennsylvania. Dr. Weiers has served as a marketing, technical and automotive consultant to organizations such as the Coleman Company, the U.S. Department of Energy, and the Society of Automotive Engineers. He has authored 8 automotive books on topics ranging from repair and maintenance to fuel efficiency and safety. Dr. Weiers has provided research and advisory services to the U.S. Department of Energy, National Highway Traffic Administration, and National Public Services Research Institute. He has developed Public Affairs Programs on Urban Transportation, Fuel Efficiency, Vehicle Safety, and Exhaust Emissions for the U.S. Headquarters of the Society of Automotive Engineers, and has authored an SAE Public Affairs Report on Automotive Noise Pollution. Dr. Weiers earned his B.S. in Industrial Engineering at the University of Pittsburgh and his S.M. in Industrial Management from the Sloan School of Management at the Massachusetts Institute of Technology. He later received his Ph.D. in Marketing Research and Analysis from the University of Pittsburgh. Dr. Weiers is a member of several professional organizations, including the American Marketing Association, the American Statistical Association, the Decision Sciences Institute, and the Society of Automotive Engineers.