Business Statistics 2/e

Business Statistics introduces the students to the fundamentals of and various concepts related to statistics that are helpful in making business decisions. Data are the fulcrum of the field of business statistics and this book provides the conceptual clarity for understanding data. The use of data for decision making in business has gained tremendous momentum. In order to make the learning process easy and interesting, many examples are given in the form of fictitious and real-life business anecdotes. At the end of each chapter, various exercises are given to help the students become adept at using data for decision making. Numerous examples illustrate the use of software tools like MS Excel, SPSS and RStudio with detailed steps involved. Real-time cases of Indian companies with actual data sourced from their websites have been used for better understanding of the concepts. The aim of this book is to make the learning process as interesting and simple as possible. Content: 1 Introduction to Statistics 2 Understanding, Organising and Presenting Data 3 Measures of Central Tendency 4 Measures of Dispersion 5 Skewness, Moments and Kurtosis 6 Basic Concepts of Probability 7 Discrete Probability Distribution 8 Continuous Probability Distribution 9 Sampling and Sampling Distribution 10 Estimation and Confidence Intervals 11 Hypothesis Testing 12 Statistical Inference for Single Population using Hypothesis Testing 13 Statistical Inference about Two Populations using Hypothesis Testing 14 Statistical Inference about Variance of Two Populations using F-Distribution 15 Analysis of Variance and Design of Experiments 16 Chi-Square Tests and Other Non-Parametric Tests 17 Correlation and Simple Regression 18 Multiple Regression and Model Building 19 Index Numbers 20 Forecasting and Time Series 21 Statistical Methods for Quality Management 22 Statistical Decision Theory