Introductory Business Statistics, 2nd Edition 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. A detailed transition guide is available for instructors.
Conditions of Use
This book is licensed under a Creative Commons License (CC BY-NC-SA). You can download the ebook Introductory Business Statistics, 2nd Edition for free.
- Title
- Introductory Business Statistics, 2nd Edition
- Publisher
- OpenStax
- Author(s)
- Alexander Holmes, Barbara Illowsky, Susan Dean
- Published
- 2023-12-14
- Edition
- 2
- Format
- eBook (pdf, epub, mobi)
- Pages
- 624
- Language
- English
- ISBN-10
- 1998295443
- ISBN-13
- 9781998295449
- License
- CC BY-NC-SA
- Book Homepage
- Free eBook, Errata, Code, Solutions, etc.
Preface Chapter 1 Sampling and Data Introduction 1.1 Definitions of Statistics, Probability, and Key Terms 1.2 Data, Sampling, and Variation in Data and Sampling 1.3 Levels of Measurement 1.4 Experimental Design and Ethics Key Terms Chapter Review Homework References Solutions Chapter 2 Descriptive Statistics Introduction 2.1 Display Data 2.2 Measures of the Location of the Data 2.3 Measures of the Center of the Data 2.4 Sigma Notation and Calculating the Arithmetic Mean 2.5 Geometric Mean 2.6 Skewness and the Mean, Median, and Mode 2.7 Measures of the Spread of the Data Key Terms Chapter Review Formula Review Practice Homework Bringing It Together: Homework References Solutions Chapter 3 Probability Topics Introduction 3.1 Terminology 3.2 Independent and Mutually Exclusive Events 3.3 Two Basic Rules of Probability 3.4 Contingency Tables and Probability Trees 3.5 Venn Diagrams Key Terms Chapter Review Formula Review Practice Bringing It Together: Practice Homework Bringing It Together: Homework References Solutions Chapter 4 Discrete Random Variables Introduction 4.1 Hypergeometric Distribution 4.2 Binomial Distribution 4.3 Geometric Distribution 4.4 Poisson Distribution Key Terms Chapter Review Formula Review Practice Homework References Solutions Chapter 5 Continuous Random Variables Introduction 5.1 Properties of Continuous Probability Density Functions 5.2 The Uniform Distribution 5.3 The Exponential Distribution Key Terms Chapter Review Formula Review Practice Homework References Solutions Chapter 6 The Normal Distribution Introduction 6.1 The Standard Normal Distribution 6.2 Using the Normal Distribution 6.3 Estimating the Binomial with the Normal Distribution Key Terms Chapter Review Formula Review Practice Homework References Solutions Chapter 7 The Central Limit Theorem Introduction 7.1 The Central Limit Theorem for Sample Means 7.2 Using the Central Limit Theorem 7.3 The Central Limit Theorem for Proportions 7.4 Finite Population Correction Factor Key Terms Chapter Review Formula Review Practice Homework References Solutions Chapter 8 Confidence Intervals Introduction 8.1 A Confidence Interval When the Population Standard Deviation Is Known or Large Sample Size 8.2 A Confidence Interval When the Population Standard Deviation Is Unknown and Small Sample Case 8.3 A Confidence Interval for A Population Proportion 8.4 Calculating the Sample Size n: Continuous and Binary Random Variables Key Terms Chapter Review Formula Review Practice Homework References Solutions Chapter 9 Hypothesis Testing with One Sample Introduction 9.1 Null and Alternative Hypotheses 9.2 Outcomes and the Type I and Type II Errors 9.3 Probability Distribution Needed for Hypothesis Testing 9.4 Full Hypothesis Test Examples Key Terms Chapter Review Formula Review Practice Homework References Solutions Chapter 10 Hypothesis Testing with Two Samples Introduction 10.1 Comparing Two Independent Population Means 10.2 Cohen's Standards for Small, Medium, and Large Effect Sizes 10.3 Test for Differences in Means: Assuming Equal Population Variances 10.4 Comparing Two Independent Population Proportions 10.5 Two Population Means with Known Standard Deviations 10.6 Matched or Paired Samples Key Terms Chapter Review Formula Review Practice Homework Bringing It Together: Homework References Solutions Chapter 11 The Chi-Square Distribution Introduction 11.1 Facts About the Chi-Square Distribution 11.2 Test of a Single Variance 11.3 Goodness-of-Fit Test 11.4 Test of Independence 11.5 Test for Homogeneity 11.6 Comparison of the Chi-Square Tests Key Terms Chapter Review Formula Review Practice Homework Bringing It Together: Homework References Solutions Chapter 12 F Distribution and One-Way ANOVA Introduction 12.1 Test of Two Variances 12.2 One-Way ANOVA 12.3 The F Distribution and the F-Ratio 12.4 Facts About the F Distribution Key Terms Chapter Review Formula Review Practice Homework References Solutions Chapter 13 Linear Regression and Correlation Introduction 13.1 The Correlation Coefficient r 13.2 Testing the Significance of the Correlation Coefficient 13.3 Linear Equations 13.4 The Regression Equation 13.5 Interpretation of Regression Coefficients: Elasticity and Logarithmic Transformation 13.6 Predicting with a Regression Equation 13.7 How to Use Microsoft Excel® for Regression Analysis Key Terms Chapter Review Practice Solutions Appendix A Statistical Tables Appendix B Mathematical Phrases, Symbols, and Formulas Index