Business statistics

by Sharpe, Norean R.

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Full title :Business statistics / Norean R. Sharpe.

Summary

The question that should motivate a business student's study of Statistics should be "How can I make better decisions?"1 As entrepreneurs and consultants, we know that in today's data-rich environment, knowledge of Statistics is essential to survive and thrive in the business world. But, as educators, we've seen a disconnect between the way business statistics is traditionally taught and the way it should be used in making business decisions. In Business Statistics, we try to narrow the gap between theory and practice by presenting relevant statistical methods that will empower business students to make effective, data-informed decisions. Of course, students should come away from their statistics course knowing how to think statistically and how to apply statistics methods with modern technology. But they must also be able to communicate their analyses effectively to others. When asked about statistics education, a group of CEOs from Fortune 500 companies recently said that although they were satisfied with the technical competence of students who had studied statistics, they found the students' ability to communicate their findings to be woefully inadequate.