Introductory Business Statistics 2e aligns with the topics and objectives of the typical one-semester statistics course for business, economics, and related majors. The text provides detailed and supportive explanations and extensive step-by-step walkthroughs. The author places a significant emphasis on the development and practical application of formulas so that students have a deeper understanding of their interpretation and application of data. Problems and exercises are largely centered on business topics, though other applications are provided in order to increase relevance and showcase the critical role of statistics in a number of fields and real-world contexts. The second edition retains the organization of the original text. Based on extensive feedback from adopters and students, the revision focused on improving currency and relevance, particularly in examples and problems. This is an adaptation of Introductory Business Statistics 2e by OpenStax. You can access the textbook as pdf for free at openstax.org. Minor editorial changes were made to ensure a better ebook reading experience. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution 4.0 International License.

Statistical thinking is gradually becoming a part of our life. There is hardly any field in which statistical data & statistical techniques are not used. Keeping this in mind this book entitled ‘Introductory Business Statistics’has been especially designed for the students of Uttar Pradesh – National Education Policy course curriculum. It would help the readers in developing problem solving skills and apply statistical techniques in real life situations. Sufficient number of business oriented problems and latest examination questions have been included in the book.

A clear and concise introduction to statistics for business and management students, demonstrating how important statistics are in the business decision-making process and covering everything from conducting a survey and collecting data, to summarizing statistical data, and presenting findings. Each chapter features a real-world business situation and accompanying dataset, the reader is then encouraged to identify the correct statistical concept in the chapter and solve the problem outlined. Offering students a chance to use the newly learned theory in a practical way. New to the second edition: A “Review of Essential Mathematics” prologue, featuring tests and further links to help students refresh their knowledge of the core mathematical concepts used to calculate basic statistics. Updated screenshots on using IBM SPSS and Excel. A “Statistics in the Real World” feature included at the end of each chapter, demonstrating how statistics are applied in real-world business settings and research, accompanied by reflective questions. Updated case studies, examples and diagrams, illustrating key points and helping to reinforce learning. The book is accompanied by free online resources including step-by-step video tutorials on how to use Excel and IBM SPSS, datasets and worked solutions, an Instructors’ Manual, Testbank, and PowerPoint presentation slides for lecturers. Essential reading for business students wanting to know how to use statistics in a business setting.

ADVANCES IN BUSINESS STATISTICS, METHODS AND DATA COLLECTION Advances in Business Statistics, Methods and Data Collection delivers insights into the latest state of play in producing establishment statistics, obtained from businesses, farms and institutions. Presenting materials and reflecting discussions from the 6th International Conference on Establishment Statistics (ICES-VI), this edited volume provides a broad overview of methodology underlying current establishment statistics from every aspect of the production life cycle while spotlighting innovative and impactful advancements in the development, conduct, and evaluation of modern establishment statistics programs. Highlights include: Practical discussions on agile, timely, and accurate measurement of rapidly evolving economic phenomena such as globalization, new computer technologies, and the informal sector. Comprehensive explorations of administrative and new data sources and technologies, covering big (organic) data sources and methods for data integration, linking, machine learning and visualization. Detailed compilations of statistical programs’ responses to wide-ranging data collection and production challenges, among others caused by the Covid-19 pandemic. In-depth examinations of business survey questionnaire design, computerization, pretesting methods, experimentation, and paradata. Methodical presentations of conventional and emerging procedures in survey statistics techniques for establishment statistics, encompassing probability sampling designs and sample coordination, non-probability sampling, missing data treatments, small area estimation and Bayesian methods. Providing a broad overview of most up-to-date science, this book challenges the status quo and prepares researchers for current and future challenges in establishment statistics and methods. Perfect for survey researchers, government statisticians, National Bank employees, economists, and undergraduate and graduate students in survey research and economics, Advances in Business Statistics, Methods and Data Collection will also earn a place in the toolkit of researchers working –with data– in industries across a variety of fields.

This book is designed to teach businesspeople, students, and others core statistical concepts and applications. It begins with absolute core principles and takes you through an overview of statistics, data and data collection, an introduction to SAS, and basic statistics (descriptive statistics and basic associational statistics). It provides an overview of statistical modeling, effect size, statistical significance and power testing, basics of linear regression, introduction to comparison of means, basics of chi-square tests for categories, extrapolating statistics to business outcomes, and some topical issues in statistics, such as big data, simulation, machine learning, and data warehousing. It teaches the core ideas of statistics through methods such as careful, intuitive written explanations, easy-to-follow diagrams, step-by-step technique implementation, and interesting metaphors. --