Basic Statistics for Business and Economics 5e is a derivative of the best-selling
STATISTICAL TECHNIQUES IN BUSINESS AND ECONOMICS, 12/e offering the essential topics of
statistical tools and methods delivered in a student friendly, step-by-step format. The
text is non-threatening and presents concepts clearly and succinctly with a conversational
writing style. All statistical concepts are illustrated with solved applied examples
immediately upon introduction. Modern computing tools and applications are introduced, but
the text maintains a focus on presenting statistics content as opposed to technology or
programming methods, and the fifth edition continues as a `students' text with increased
emphasis on interpretation of data and results.
Douglas Lind
Douglas A. Lind is now an adjunct professor at Coastal Carolina University. He earned his
Ph.D. and an MBA from The University of Toledo and a Bachelor of Science in Business from
Bowling Green State University. Dr. Lind is the co-author with the late Robert D. Mason
and William G. Marchal of Statistical Techniques in Business and Economics and Basic
Statistics for Business and Economics published by Irwin/McGraw-Hill and Statistics: An
Introduction published by Duxbury. In addition he has written Study Guides to be used with
these texts. Dr. Lind has more than 25 years of college teaching experience. This includes
teaching statistics at the introductory, intermediate, and advanced undergraduate level,
as well as graduate courses in statistics and research methods. He is a past recipient of
the Tony DeJute Outstanding Teacher award. This award is given annually by the College of
Business to the outstanding teacher in the College. He is active in both consulting and
community service in Northwest Ohio. He has consulted with such national firms as Ford
Motor Company, Key Bank, National City Bank, and the former Sheller Globe. Regional
consulting includes work with The Toledo Hospital, St. Vincent Mercy Medical Center, and
the Toledo Community Oncology Program. He has served the community of Perrysburg, Ohio as
a member of volunteer committees for the city and the school system. This includes his
most avid avocation, coaching high school baseball, having served as a volunteer coach for
more than 12 years. His professional memberships include The American Statistical
Association, Decision Sciences, and The Textbook Author's Association.
William Marchal
William G. Marchal is Professor of Information Systems and Operations Management at The
University of Toledo College of Business Administration. He received his B.S. degree in
Mathematics from The University of Dayton, an M.A. in Mathematics from The Catholic
University of America, and his D. Sc. in Operations Research from The George Washington
University. Dr. Marchal has held visiting appointments at The University of Michigan and
George Mason University. He has also worked at the Executive Office of the District of
Columbia government, the George Washington University Institute for Management Science,
and the U.S. Army Chemical Research & Development Center. Dr. Marchal is co-author
with the late Robert D. Mason and Douglas A. Lind of three textbooks: Statistics: An
Introduction; Statistical Techniques in Business & Economics; and Basic Statistics for
Business & Economics. His research on stochastic models focuses on applications to
waiting line models. Dr. Marchal has made paper presentations at meetings of professional
societies, referred papers for journals and served as an associate editor of Naval
Research Logistics. Published articles appear in the journals: Communications in
Statistics, INFORMS, Journal on Computing, IIE Transactions, Interfaces, Operations
Research, The Annals of Operations Research, AIIE Transactions and The Journal of Applied
Probability.
Samuel Wathen
Samuel Wathen is a Professor in the E. Craig Wall Sr. College of Business Administration
at Coastal Carolina University. He earned his Ph.D. in Business Administration from the
University of Minnesota, a M.B.A. from Oklahoma State University, a M.S. in Forest
Biometrics from Virginia Polytechnic Institute and State University, and a B.S. in
Forestry from the University of Illinois. Dr. Wathen's research interests include applied
statistics, teaching methods, and manufacturing and service process design. He has
published articles in the International Journal of Operations and Production Management,
National Productivity Review, International Journal of Service Industry Management, and
the Journal of Workplace Learning: Employee Counseling Today. Dr. Wathen has 14 years of
teaching experience. This includes introductory statistics, decision analysis, operations
management, materials management, and service operations management. His experience spans
both graduate and undergraduate programs. He attended a Master Teaching seminar held at
Georgia State University that offered concepts and techniques to improve course design,
course delivery, exam construction, student involvement, and many other aspects of
teaching.
Table of Contents
Brief Contents
1 What Is Statistics?
2 Describing Data: Frequency Distributions and Graphic Presentation
3 Describing Data: Numerical Measures
4 Describing Data: Displaying and Exploring Data
5 A Survey of Probability Concepts
6 Discrete Probability Distributions
7 Continuous Probability Distributions
8 Sampling Methods and the Central Limit Theorem
9 Estimation and Confidence Intervals
10 One-Sample Tests of Hypothesis
11 Two-Sample Tests of Hypothesis
12 Analysis of Variance
13 Linear Regression and Correlation
14 Multiple Regression and Correlation Analysis
15 Chi-Square Applications Appendixes Answers to Odd-Numbered Chapter Exercises
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