This text aims to differentiate itself from other business
statistics texts in two important ways. It seeks: to present the
material in a non-technical manner to make it easier for a student
with limited mathematical background to grasp the subject matter;
and to develop an intuitive understanding of the techniques by
framing them in the context of a management question, giving
layman-type explanations of methods, using illustrative business
examples and focusing on the management interpretations of the
statistical findings. This further edition continues the theme of
using Excel as a computational tool to perform statistical
analysis. While all statistical functions have been adjusted to the
Excel (2013) format, the statistical output remains unchanged.
Using Excel to perform the statistical analysis in this text allows
a student: To examine more realistic business problems with larger
datasets; To focus more on the statistical interpretation of the
statistical findings; and to transfer this skill of performing
statistical analysis more easily to the work environment. Its
overall purpose is to develop a management student's statistical
reasoning and statistical decision-making skills to give him or her
a competitive advantage in the workplace.
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