9780131888104

Statistics, Data Analysis, and Decision Modeling

by
  • ISBN13:

    9780131888104

  • ISBN10:

    0131888102

  • Edition: 3rd
  • Format: Paperback
  • Copyright: 1/1/2010
  • Publisher: Pearson College Div
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List Price: $133.33

Summary

This book covers basic concepts of business statistics, data analysis, and management science in a spreadsheet environment. Practical applications are emphasized throughout the book for business decision-making; a comprehensive database is developed, with marketing, financial, and production data already formatted on Excel worksheets. This shows how real data is used and decisions are made. Using Excel as the basic software, and including such add-ins as PHStat2, Crystal Ball, and TreePlan, this book covers a wide variety of topics related to business statistics: statistical thinking in business; displaying and summarizing data; random variables; sampling; regression analysis; forecasting; statistical quality control; risk analysis and Monte-Carlo simulation; systems simulation modeling and analysis; selection models and decision analysis; optimization modeling; and solving and analyzing optimization models. For those employed in the fields of quality control, management science, operations management, statistical science, and those who need to interpret data to make informed business decisions.

Table of Contents

Data and Business Decisions
Displaying and Summarizing Data
Random Variables and Probability Distributions
Sampling and Estimation
Hypothesis Testing and Statistical Inference
Regression Analysis
Forecasting
Statistical Quality Control
Building and Using Decision Models
Decisions and Risk
Risk Analysis and Monte Carlo Simulation
Queues and Process Simulation Modeling
Optimization Modeling
Solving and Analyzing Optimization Models
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