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Business Statistics

Introductory Business Statistics is designed to meet the scope and sequence requirements of the one-semester statistics course for business, economics, and related majors. Core statistical concepts and skills have been augmented with practical business examples, scenarios, and exercises. The result is a meaningful understanding of the discipline, which will serve students in their business careers and real-world experiences.

Statistics
Author
OpenStax
Publisher
LibreTexts
Source
LibreTexts
License
CC BY
Language
EN
Category
Business Administration
Read online Download PDF (open licence)
Contents· 231 sections
  1. 01: Sampling and Data
  2. 1.01: Introduction
  3. 1.02: Definitions of Statistics Probability and Key Terms
  4. 1.03: Data Sampling and Variation in Data and Sampling
  5. 1.04: Levels of Measurement
  6. 1.05: Experimental Design and Ethics
  7. 1.06: Chapter Key Terms
  8. 1.07: Chapter References
  9. 1.H: Sampling and Data (Homework)
  10. 1.R: Sampling and Data (Review)
  11. 1.S: Sampling and Data (Solutions)
  12. 02: Descriptive Statistics
  13. 2.01: introduction
  14. 2.02: Display Data
  15. 2.03: Measures of the Location of the Data
  16. 2.04: Measures of the Center of the Data
  17. 2.05: Sigma Notation and Calculating the Arithmetic Mean
  18. 2.06: Geometric Mean
  19. 2.07: Skewness and the Mean Median and Mode
  20. 2.08: Measures of the Spread of the Data
  21. 2.09: Homework
  22. 2.10: Chapter Formula Review
  23. 2.11: Chapter Homework
  24. 2.12: Chapter Key Terms
  25. 2.13: Chapter References
  26. 2.14: Chapter Homework Solutions
  27. 2.15: Chapter Practice
  28. 2.R: Descriptive Statistics (Review)
  29. 03: Probability Topics
  30. 3.01: Introduction to Probability
  31. 3.02: Probability Terminology
  32. 3.03: Independent and Mutually Exclusive Events
  33. 3.04: Two Basic Rules of Probability
  34. 3.05: Contingency Tables and Probability Trees
  35. 3.06: Venn Diagrams
  36. 3.07: Chapter Formula Review
  37. 3.08: Chapter Homework
  38. 3.09: Chapter Key Terms
  39. 3.10: Chapter More Practice
  40. 3.11: Chapter Practice
  41. 3.12: Chapter Reference
  42. 3.13: Chapter Review
  43. 3.14: Chapter Solution (Practice Homework)
  44. 04: Discrete Random Variables
  45. 4.01: Introduction
  46. 4.02: Hypergeometric Distribution
  47. 4.03: Binomial Distribution
  48. 4.04: Geometric Distribution
  49. 4.05: Poisson Distribution
  50. 4.06: Chapter Formula Review
  51. 4.07: Chapter Homework
  52. 4.08: Chapter Key Items
  53. 4.09: Chapter Practice
  54. 4.10: Chapter References
  55. 4.11: Chapter Review
  56. 4.12: Chapter Solution (Practice Homework)
  57. 05: Continuous Random Variables
  58. 5.01: Prelude to Continuous Random Variables
  59. 5.02: Properties of Continuous Probability Density Functions
  60. 5.03: The Uniform Distribution
  61. 5.04: The Exponential Distribution
  62. 5.05: Chapter Formula Review
  63. 5.06: Chapter Homework
  64. 5.07: Chapter Key Terms
  65. 5.08: Chapter Practice
  66. 5.09: Chapter References
  67. 5.10: Chapter Review
  68. 5.11: Chapter Solution (Practice Homework)
  69. 06: The Normal Distribution
  70. 6.01: Introduction
  71. 6.02: The Standard Normal Distribution
  72. 6.03: Using the Normal Distribution
  73. 6.04: Estimating the Binomial with the Normal Distribution
  74. 6.05: Chapter Formula Review
  75. 6.06: Chapter Homework
  76. 6.07: Chapter Key Items
  77. 6.08: Chapter Practice
  78. 6.09: Chapter References
  79. 6.10: Chapter Review
  80. 6.11: Chapter Solution (Practice Homework)
  81. 07: The Central Limit Theorem
  82. 7.01: Introduction to the Central Limit Theorem
  83. 7.02: The Central Limit Theorem for Sample Means
  84. 7.03: Using the Central Limit Theorem
  85. 7.04: The Central Limit Theorem for Proportions
  86. 7.05: Finite Population Correction Factor
  87. 7.06: Chapter Formula Review
  88. 7.07: Chapter Homework
  89. 7.08: Chapter Key Terms
  90. 7.09: Chapter Practice
  91. 7.10: Chapter References
  92. 7.11: Chapter Review
  93. 7.12: Chapter Solution (Practice Homework)
  94. 08: Confidence Intervals
  95. 8.01: Introduction to Confidence Intervals
  96. 8.02: A Confidence Interval for a Population Standard Deviation Known or Large Sample Size
  97. 8.03: A Confidence Interval for a Population Standard Deviation Unknown Small Sample Case
  98. 8.04: A Confidence Interval for A Population Proportion
  99. 8.05: Calculating the Sample Size n- Continuous and Binary Random Variables
  100. 8.06: Chapter Formula Review
  101. 8.07: Chapter Homework
  102. 8.08: Chapter Key Terms
  103. 8.09: Chapter Practice
  104. 8.10: Chapter References
  105. 8.11: Chapter Review
  106. 09: Hypothesis Testing with One Sample
  107. 9.01: Introduction to Hypothesis Testing
  108. 9.02: Null and Alternative Hypotheses
  109. 9.03: Outcomes and the Type I and Type II Errors
  110. 9.04: Distribution Needed for Hypothesis Testing
  111. 9.05: Full Hypothesis Test Examples
  112. 9.06: Chapter Formula Review
  113. 9.07: Chapter Homework
  114. 9.08: Chapter Key Terms
  115. 9.09: Chapter Practice
  116. 9.10: Chapter References
  117. 9.11: Chapter Review
  118. 9.12: Chapter Solution (Practice Homework)
  119. 10: Hypothesis Testing with Two Samples
  120. 10.01: Introduction
  121. 10.02: Comparing Two Independent Population Means
  122. 10.03: Cohen's Standards for Small Medium and Large Effect Sizes
  123. 10.04: Test for Differences in Means- Assuming Equal Population Variances
  124. 10.05: Comparing Two Independent Population Proportions
  125. 10.06: Two Population Means with Known Standard Deviations
  126. 10.07: Matched or Paired Samples
  127. 10.08: Homework
  128. 10.09: Chapter Formula Review
  129. 10.10: Chapter Homework
  130. 10.11: Chapter Key Terms
  131. 10.12: Chapter Practice
  132. 10.13: Chapter References
  133. 10.14: Chapter Review
  134. 10.15: Chapter Solution (Practice Homework)
  135. 11: The Chi-Square Distribution
  136. 11.01: Prelude to the Chi-Square Distribution
  137. 11.02: Facts About the Chi-Square Distribution
  138. 11.03: Test of a Single Variance
  139. 11.04: Goodness-of-Fit Test
  140. 11.05: Test of Independence
  141. 11.06: Test for Homogeneity
  142. 11.07: Comparison of the Chi-Square Tests
  143. 11.08: Homework
  144. 11.09: Chapter Formula Review
  145. 11.10: Chapter Homework
  146. 11.11: Chapter Key Terms
  147. 11.12: Chapter Practice
  148. 11.13: Chapter References
  149. 11.14: Chapter Review
  150. 11.15: Chapter Solution (Practice Homework)
  151. 12: F Distribution and One-Way ANOVA
  152. 12.01: Introduction
  153. 12.02: Test of Two Variances
  154. 12.03: One-Way ANOVA
  155. 12.04: The F Distribution and the F-Ratio
  156. 12.05: Facts About the F Distribution
  157. 12.06: Chapter Formula Review
  158. 12.07: Chapter Homework
  159. 12.08: Chapter Key Terms
  160. 12.09: Chapter Practice
  161. 12.10: Chapter Reference
  162. 12.11: Chapter Review
  163. 12.12: Chapter Solution (Practice Homework)
  164. 13: Linear Regression and Correlation
  165. 13.01: Introduction
  166. 13.02: The Correlation Coefficient r
  167. 13.03: Testing the Significance of the Correlation Coefficient
  168. 13.04: Linear Equations
  169. 13.05: The Regression Equation
  170. 13.06: Interpretation of Regression Coefficients- Elasticity and Logarithmic Transformation
  171. 13.07: Predicting with a Regression Equation
  172. 13.08: Chapter Key Terms
  173. 13.09: Chapter Practice
  174. 13.10: Chapter Review
  175. 13.11: Chapter Solution
  176. 13.12: How to Use Microsoft Excel for Regression Analysis
  177. 14: Apppendices
  178. 14.01: B Mathematical Phrases Symbols and Formulas
  179. 14.02: A Statistical Tables
  180. Using Excel Spreadsheets in Statistics
  181. 1 Creating a Frequency Table
  182. 1.10 Using the Excel Spreadsheet provided - Frequency Table You Bin
  183. 1.11 Using Excel Spreadsheet Provided - Frequency Table
  184. 1.11 Using the Excel Spreadsheet Provided
  185. 1.11 Using the Excel Spreadsheet to create a Frequency Table - Frequency Table Tab
  186. 1.11 Using Excel Spreadsheet Provided - Frequency Table
  187. 1.12 Using the Excel Spreadsheet - Frequency Table Only
  188. 1.20 Installing the Data Analysis Tool for Excel
  189. 1.21 Creating a Frequency Table and Histogram in Excel - Using the Data Analysis Toolpak
  190. 1.22 Creating a Bar Chart and Frequency Table in Excel
  191. 2 Descriptive Statistics using Excel
  192. 2.01 Displaying Data - Creating a Bar Chart
  193. 2.02 Create a Scatterplot
  194. 2.04 Using the Excel Spreadsheet provided to generate Descriptive Statistics
  195. 2.05 Using the Data Analysis Tool to generate Descriptive Statistics
  196. 3 Discrete Probability
  197. 3.1 Binomial Distribution using Excel Spreadsheet Provided
  198. 3.2 Binomial Probability using Excel
  199. 3.3 Poisson Distribution using Excel Spreadsheet Provided
  200. 3.4 Poisson Probability using Excel
  201. 3.5 Geometric Probability Distribution using Excel Spreadsheet
  202. 3.6 Geometric Probability using the Excel Sheet provided
  203. 4 Continuous Probability
  204. 4.1 Uniform Probabilities using the Excel Spreadsheet provided and Excel Spreadsheet
  205. 4.2 Exponential Probability using the Excel Spreadsheet provided and Excel only
  206. 4.3 Normal probability using Excel Spreadsheet provided and Excel only
  207. 5 Central Limit Theorem and Confidence Intervals
  208. 5.1 Probability for Means using Excel
  209. 5.2 Probability for Proportions using the Excel Spreadsheet
  210. 5.3 Confidence Intervals Means using Excel spreadsheet provided
  211. 5.4 Confidence Interval for Proportions using Excel Spreadsheet provided
  212. 5.5 Sample Size - Mean - Using the Excel Spreadsheet provided
  213. 5.6 Sample Size - Proportion - Using the Excel Spreadsheet provided
  214. 6 Hypothesis Testing - One Population Mean Proportion and Dependent Populations
  215. 6.1 Hypothesis Test - Single Population Mean using Excel Spreadsheet provided
  216. 6.2 Hypothesis Testing - Single Population Mean using Excel
  217. 6.3 Hypothesis Testing - Single Population Proportion using the Excel Spreadsheet provided
  218. 6.4 Hypothesis Testing - Two Dependent Populations - Using the Excel Spreadsheet provided
  219. 7 Hypothesis Testing - Two Population Mean and Proportion
  220. 7.1 Hypothesis Testing - Two Population - Mean using Excel Spreadsheet provided
  221. 7.2 Hypothesis Testing - Two Population - Mean Excel Spreadsheet
  222. 7.3 Hypothesis Testing - Two Population - Proportion Excel Spreadsheet Provided
  223. 8 Hypothesis Testing - ANOVA
  224. 8.1 ANOVA using Excel Spreadsheet provided
  225. 8.2 ANOVA using Excel Spreadsheet
  226. 9 Goodness of Fit Independent and Homogeneity Test
  227. 9.1 Goodness of Fit Test - Excel spreadsheet provided
  228. 9.2 Independence and homogeneity test using Excel spreadsheet provided
  229. 10 Correlation and Linear Regression
  230. 10.1 Correlation and Linear Regression using Excel
  231. 10.2 Correlation and Linear Regression using the Excel spreadsheet provided