Textbook

Business Statistics: For Contemporary Decision Making, 7th Edition

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Black, Business Statistics 7e is designed with one goal: to support student success in the Business Stats course. From the clear instruction, thorough explanations and real-data examples, the book is a pedagogically sound, reliable resource for students. With WileyPLUS online learning environment, which gives students a roadmap to personalized instruction by telling them what to do, how to do it and if they did it right, students have more ways to succeed with Black, Business Statistics 7e than ever before.

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Table of Contents

UNIT I INTRODUCTION

1. Introduction to Statistics 02

2. Charts and Graphs 18

3. Descriptive Statistics 52

4. Probability 98

UNIT II DISTRIBUTIONS AND SAMPLING

5. Discrete Distributions 142

6. Continuous Distributions 184

7. Sampling and Sampling Distributions 222

UNIT III MAKING INFERENCES ABOUT POPULATION PARAMETERS

8. Statistical Inference: Estimation for Single Populations 256

9. Statistical Inference: Hypothesis Testing for Single Populations 294

10. Statistical Inferences about Two Populations 348

11. Analysis of Variance and Design of Experiments 408

UNIT IV REGRESSION ANALYSIS AND FORECASTING

12. Simple Regression Analysis and Correlation 470

13. Multiple Regression Analysis 522

14. Building Multiple Regression Models 552

15. Time-Series Forecasting and Index Numbers 602

UNIT V NONPARAMETRIC STATISTICS AND QUALITY

16. Analysis of Categorical Data 658

17. Nonparametric Statistics 684

18. Statistical Quality Control 734

APPENDICES

A. Tables 779

B. Answers to Selected Odd-Numbered Quantitative Problems 819

GLOSSARY 829

INDEX 839

The following materials are available at www.wiley.com/college/black

19. Decision Analysis C19-2

Supplement 1. Summation Notation S1-1

Supplement 2. Derivation of Simple Regression Formulas for Slope and y Intercept S2-1

Supplement 3. Advanced Exponential Smoothing S3-1

New To This Edition

• NEW Thinking Critically about Business Statistics: This new feature provides thought-provoking questions to promote application and analysis of business statistics principles.
• NEW and Improved Visuals: Graphs, tables, and figures have been added throughout the text to illustrate and underscore concepts.
• NEW Cases: New, current and relevant businesses are profiled to help students connect real organizations with business statistics concepts.

Hallmark Features

• WileyPLUS: WileyPLUS Version 5 online learning environment features all end-of-chapter problems, 22 author video tutorials, databases, applets and more.
• Decision Dilemma & Decision Dilemma Solved: Chapter-opening vignettes are brief business-world scenarios which use the techniques introduced in the chapter to solve a business decision dilemma; at the end of chapters, dilemmas are addressed to reinforce the chapter concept.
• Ethical Considerations: A feature in each chapter, Ethical Considerations integrate the topic of ethics with applications of business statistics.
• Tree Taxonomy Diagrams: Further illustrate the connection between topics and techniques and the ability to see the big picture of inferential statistics.