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Statistical Thinking in Business by J. A. John,D. Whitaker Pdf
Business students need the ability to think statistically about how to deal with uncertainty and its effect on decision-making in business and management. Traditional statistics courses and textbooks tend to focus on probability, mathematical detail, and heavy computation, and thus fail to meet the needs of future managers. Statistical Thinking in
Author : Roger W. Hoerl,Ronald D. Snee Publisher : John Wiley & Sons Page : 544 pages File Size : 43,5 Mb Release : 2012-04-09 Category : Business & Economics ISBN : 9781118236857
Statistical Thinking by Roger W. Hoerl,Ronald D. Snee Pdf
How statistical thinking and methodology can help you make crucial business decisions Straightforward and insightful, Statistical Thinking: Improving Business Performance, Second Edition, prepares you for business leadership by developing your capacity to apply statistical thinking to improve business processes. Unique and compelling, this book shows you how to derive actionable conclusions from data analysis, solve real problems, and improve real processes. Here, you'll discover how to implement statistical thinking and methodology in your work to improve business performance. Explores why statistical thinking is necessary and helpful Provides case studies that illustrate how to integrate several statistical tools into the decision-making process Facilitates and encourages an experiential learning environment to enable you to apply material to actual problems With an in-depth discussion of JMP® software, the new edition of this important book focuses on skills to improve business processes, including collecting data appropriate for a specified purpose, recognizing limitations in existing data, and understanding the limitations of statistical analyses.
Author : Roger W. Hoerl,Ronald D. Snee Publisher : John Wiley & Sons Page : 640 pages File Size : 54,5 Mb Release : 2020-09-16 Category : Business & Economics ISBN : 9781119605713
Statistical Thinking by Roger W. Hoerl,Ronald D. Snee Pdf
Apply statistics in business to achieve performance improvement Statistical Thinking: Improving Business Performance, 3rd Edition helps managers understand the role of statistics in implementing business improvements. It guides professionals who are learning statistics in order to improve performance in business and industry. It also helps graduate and undergraduate students understand the strategic value of data and statistics in arriving at real business solutions. Instruction in the book is based on principles of effective learning, established by educational and behavioral research. The authors cover both practical examples and underlying theory, both the big picture and necessary details. Readers gain a conceptual understanding and the ability to perform actionable analyses. They are introduced to data skills to improve business processes, including collecting the appropriate data, identifying existing data limitations, and analyzing data graphically. The authors also provide an in-depth look at JMP software, including its purpose, capabilities, and techniques for use. Updates to this edition include: A new chapter on data, assessing data pedigree (quality), and acquisition tools Discussion of the relationship between statistical thinking and data science Explanation of the proper role and interpretation of p-values (understanding of the dangers of “p-hacking”) Differentiation between practical and statistical significance Introduction of the emerging discipline of statistical engineering Explanation of the proper role of subject matter theory in order to identify causal relationships A holistic framework for variation that includes outliers, in addition to systematic and random variation Revised chapters based on significant teaching experience Content enhancements based on student input This book helps readers understand the role of statistics in business before they embark on learning statistical techniques.
Statistical Thinking in Business, Second Edition by J. A. John,D. Whitaker,D.G. Johnson Pdf
Business students need the ability to think statistically about how to deal with uncertainty and its effect on decision-making in business and management. Traditional statistics courses and textbooks tend to focus on probability, mathematical detail, and heavy computation, and thus fail to meet the needs of future managers. Statistical Thinking in Business, Second Edition responds to the growing recognition that we must change the way business statistics is taught. It shows how statistics is important in all aspects of business and equips students with the skills they need to make sensible use of data and other information. The authors take an interactive, scenario-based approach and use almost no mathematical formulas, opting to use Excel for the technical work. This allows them to focus on using statistics to aid decision-making rather than how to perform routine calculations. New in the Second Edition: A completely revised chapter on forecasting Re-arrangement of the material on data presentation with the inclusion of histograms and cumulative line plots A more thorough discussion of the analysis of attribute data Coverage of variable selection and model building in multiple regression End of chapter summaries More end of chapter problems A variety of case studies throughout the book The second edition also comes with a wealth of ancillary materials provided on a CD-ROM packaged with the book. These include automatically-marked multiple-choice questions, answers to questions in the text, data sets, Excel experiments and demonstrations, an introduction to Excel, and the StiBstat Add-In for stem and leaf plots, box plots, distribution plots, control charts and summary statistics. Solutions to end-of-chapter exercises and powerpoint slides for lecturers are available directly from the publisher.
Statistical Thinking by Roger Hoerl,Ronald D. Snee Pdf
This innovative book teaches students to understand the strategic value of data and statistics in solving real business problems. Following principles of effective learning identified by educational and behavioral research, the instruction proceeds from tangible examples to abstract theory; from the big picture, or "whole," to details, or "parts"; and from a conceptual understanding to ability to perform specific tasks. While the computer is used for computational details, the authors describe the role of statistical thinking and methods for problem solving and process improvement to encourage use of the tools. Hoerl and Snee also teach skills to improve business processes, including collecting data appropriate for a specified purpose, recognizing limitations in existing data, graphically analyzing data using basic tools, deriving actionable conclusions from data analyses, and understanding the limitations of statistical analyses. In summary, the authors demonstrate that statistical thinking and methodology can help students be more valuable and effective in their chosen careers.
An Introduction to Statistical Analysis for Business and Industry by Michael Stuart Pdf
This is an introductory statistics textbook for business and management students which uses the innovative approach of 'statistical thinking'. Statistics courses are essential for business students but traditional teaching methods are often seen as difficult and are therefore unpopular; this book aims to offer a new and more appealing way of learning to this market. 'An Introduction to Statistical Analysis for Business and Industry' presents a new and innovative introduction to statistics which trains students directly to address problems which commonly arise in business and industry. Having read and worked through the book and its accompanying manual, students should have the essential skills necessary to apply statistical thinking in business and be able to: –recognise statistical variation in processes, –apply a statistical problem-solving strategy for process improvement, –select and apply appropriate methods of statistical analysis.
Statistical Thinking in Epidemiology by Yu-Kang Tu,Mark Gilthorpe Pdf
While biomedical researchers may be able to follow instructions in the manuals accompanying the statistical software packages, they do not always have sufficient knowledge to choose the appropriate statistical methods and correctly interpret their results. Statistical Thinking in Epidemiology examines common methodological and statistical problems
The Challenge of Developing Statistical Literacy, Reasoning and Thinking by Dani Ben-Zvi,Joan Garfield Pdf
Unique in that it collects, presents, and synthesizes cutting edge research on different aspects of statistical reasoning and applies this research to the teaching of statistics to students at all educational levels, this volume will prove of great value to mathematics and statistics education researchers, statistics educators, statisticians, cognitive psychologists, mathematics teachers, mathematics and statistics curriculum developers, and quantitative literacy experts in education and government.
Statistical Thinking for Managers by J.A. John,D. Whitaker,D.G. Johnson Pdf
All business activities are subject to variability. As a consequence, managers and business students need the ability to think statistically about how to deal with the resulting uncertainty and its effect on decision-making in management and commerce. To give them that ability, there is a growing recognition that we must change the way business statistics is taught. Traditional texts tend to focus on probability, mathematical detail, and heavy computation, and thus fail to meet the real needs of future business managers. Statistical Thinking for Managers takes a very different, very practical, approach that presents even sophisticated statistics concepts with a minimum of mathematics. It focuses on statistical thinking and discusses a range of topics that specifically apply to managers in business. Its scenario-based, interactive format and integrated use of Excel facilitate and reinforce the learning experience. Through this innovative treatment, readers will gain the ability to: " Appreciate basic statistical ideas " Use a scientific approach to problem solving " Understand the nature of variability " Use meaningful information to make informed decisions " Think in terms of processes and systems and develop strategies for process improvement Designed as an introductory text in business statistics, Statistical Thinking for Managers challenges the way students look at business problems and issues. It shows them the importance of statistics in all aspects of business and equips them with the skills they need to make informed and effective decisions.
Improving Performance Through Statistical Thinking by Galen C. Britz Pdf
This volume presents a clear and practical explanation of statistical thinking without the typical equations and formulas. It aims to bridge the gap from concept to application by providing step-by-step guidance on how to get started on problems.
Introductory Statistics for Business and Economics by Jan Ubøe Pdf
This textbook discusses central statistical concepts and their use in business and economics. To endure the hardship of abstract statistical thinking, business and economics students need to see interesting applications at an early stage. Accordingly, the book predominantly focuses on exercises, several of which draw on simple applications of non-linear theory. The main body presents central ideas in a simple, straightforward manner; the exposition is concise, without sacrificing rigor. The book bridges the gap between theory and applications, with most exercises formulated in an economic context. Its simplicity of style makes the book suitable for students at any level, and every chapter starts out with simple problems. Several exercises, however, are more challenging, as they are devoted to the discussion of non-trivial economic problems where statistics plays a central part.
"How statistical thinking and methodology can help you make crucial business decisions. Straightforward and insightful, Statistical Thinking: Improving Business Performance, Second Edition, prepares you for business leadership by developing your capacity to apply statistical thinking to improve business processes. Unique and compelling, this book shows you how to derive actionable conclusions from data analysis, solve real problems, and improve real processes. Here, you'll discover how to implement statistical thinking and methodology in your work to improve business performance. Explores why statistical thinking is necessary and helpful. Provides case studies that illustrate how to integrate several statistical tools into the decision-making process. Facilitates and encourages an experiential learning environment to enable you to apply material to actual problems. With an in-depth discussion of JMP software, the new edition of this important book focuses on skills to improve business processes, including collecting data appropriate for a specified purpose, recognizing limitations in existing data, and understanding the limitations of statistical analyses"--
Statistical Thinking in Sports by Jim Albert,Ruud H. Koning Pdf
Since the first athletic events found a fan base, sports and statistics have always maintained a tight and at times mythical relationship. As a way to relay the telling of a game's drama and attest to the prodigious powers of the heroes involved, those reporting on the games tallied up the numbers that they believe best described the action and bes
