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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.
The Book Advanced Business Statistics Has Attempted To Achieve Two Objectives, That Is, To Make The Subject Matter Very Clear And Understandable To The Students And To Put The Collection Of Numerical Problems In A Systematic Manner At One Place. It Will Fully Meet The Needs Of The Students Of Various Examinations Like M.Com., D.C.M.A., I.C.W.A., C.A., M.B.A., Etc.
In this edition, efforts have been made to assist readers in converting data into useful information that can be used by decision-makers in making more thoughtful, information-based decisions.
The primary objective of this text is to help students to think clearly and critically and apply the knowledge of Business Statistics in decision making when solving business problems. The book introduces the need for quantitative analysis in business and the basic procedures in problem solving. Following an application-based theory approach, the book focuses on data collection, data presentation, summarizing and describing data, basic probability, and statistical inference. A separate chapter is devoted to show how Microsoft Excel can be used to solve problems and to make statistical analyses. It contains specimen Excel Worksheets illustrating how the problems of each chapter are solved using Excel functions and formulas. A large number of real–world business problems from various business professions such as finance, medical, psychology, sociology, and education are also included. This textbook is primarily intended for the undergraduate and postgraduate students of management and postgraduate students of commerce. The text helps students to: • Understand the meaning and use of statistical terms used in business statistics • Use graphical and descriptive statistics to identify the need for statistical inference techniques • Perform statistical analyses • Interpret the results of statistical analyses • Apply statistical inference techniques in business situations • Use computer spreadsheet software to perform statistical analysis on data • Choose the appropriate statistical tool from the collection of standard analytic methods
This text integrates various statistical techniques with concepts from business, economics and finance, and demonstrates the power of statistical methods in the real world of business. This edition places more emphasis on finance, economics and accounting concepts with updated sample data.
Purchase the e-book on 'Business Statistics' tailored for the B.Com 2nd Semester curriculum at the University of Rajasthan, Jaipur, compliant with the National Education Policy (NEP) of 2020, authored by Thakur Publications.