About This Product. Highly praised for its exceptional clarity, technical accuracy, and useful examples, Weiers’ INTRODUCTION TO BUSINESS STATISTICS. Introduction to Business Statistics Seventh Edition Ronald M. Weiers Vice President of Editorial Business: Jack W. Calhoun. Introduction to Business Statistics: 7th (Seventh) Edition by Weiers, Ronald M. and a great selection of related books, art and collectibles available now at.

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In addition to describing a technique and presenting a small- scale example of its application we will typically present one or more Excel and Minitab printouts showing how the analysis can be handled with popular statistical software. Financial Accounting, 10th Edition. Select One Y Simple. The editorial staff of Cengage Learning is deserving of my gratitude for their encouragement guidance and professionalism throughout what has been an arduous but rewarding task. No relationship between the variables as shown in part d of Figure 2.

Clean stores and surroundings 1 2 3 4 5 6 7yh Decision Theory The frequency distribution is a table that divides the data values into classes and shows the number of observed values that fall into each class. A shopper will not be able to purchase 1. For example we might look at the thermometer and observe a reading of Following an introductory explanation of the purpose and the steps involved in each statitsics you will be provided with several down-to-earth examples of its use.

Prior to making decisions companies often collect information through a series of steps called the research process.

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Editioon of the four scales has its own characteristics. Ron Weiers is an award-winning teacher and textbook author in the fields of business statistics and marketing research.

In an interval scale the unit of measurement is arbitrary and there is no absolute zero level where none of a given characteristic is present. Generate a frequency distribution and histogram describing this information. For example Minitab may do the following: The names of the segments have already been entered into C1 and the numerical values sales billions of dollars have been entered into C2. Fractional values are also possible however. Construct a display showing the average value for tuition and fees according to type of campus setting and whether the school is public or private.


Measures of dispersion allow us to numerically describe the scatter or spread of mea surements. Within the two columns the variable to be represented by the vertical axis should always be in the column at the right.

Is the slope positive or is it negative Is the sign of the slope consis- tent with your intuitive observation in part a 2. Assume that an executive wishing to replicate this study within her own corporation directs information technology personnel to find out the number of e-mails each of a sample of office workers received yesterday with the results as provided in the data file XR Click Cross Tabulation and Edirion. However as pointed out earlier the mean can be strongly influenced by just 1 Source: Do people tend to spend differently at the three areas Construct and compare frequency distributions for variables 4 5 and 6.

Sales Thousands of Homes Total United Western Price of Home States States under 22 —under 54 —under 64 or over 94 41 Convert these data intdo relative frequency distributions one for the total United States the other for the western states.

Time Almanac p.

Introduction-To-Business-Statistics-7Th-Edition Weiers |authorSTREAM

Cross-Tabulation Contingency Table The cross-tabulation also known as the crosstab or the contingency table busiiness how many people or items are in combinations of categories. At the end of each chapter the reader has the opportunity to help Luke and Ted apply statistics to their business. A Preview of Business Statistics 13 variables express how much of an attribute is possessed.

See all 13 reviews. The labels Certificate Type and Number thousands have already been entered at the top of columns C1 and C2 respectively. The relative frequency distribution for the speed data is shown in Table 2.


A Preview of Business Statistics 7 may decide to select her sample by choosing every 10th person entering the store between 9 a. Assuming that such sample data are available and that wtatistics mean and median have been identified: Break each stem into two or more lines each of which will have leaves in a given range.

Enter C3 into the Variables box.

Visual Description of Data 33 1. Click to place a check mark into the Chart Output box. Shown below are the printout items that pertain to the measures of central tendency discussed in this section and our interpretation statisitcs their values. When there are two modes a distribution of values is referred to as bimodal. Student Premium Website This website available at www.

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Generate a cross-tabulation in which the categoriza- tion variables are variable 26 gender and variable 28 marital status. In either case we have summarized the raw data in a condensed form that can be readily understood and easily interpreted. Knowledge that the mode is 30 inches would be much more useful.

In such diverse settings as politics medicine education business and the legal arena human activities are both measured and guided by statistics. Updated Exercises and Content The Seventh Edition includes a total of nearly section and chapter exercises and more than of them are new or updated. For example 5 of workers say they use the Internet too much at work and that decreases their productivity. Total Soft Drink Sales in millions of unit cases Percent Percent Percent AL 4.

For example the numbers of bags of peanuts in thousands shipped by the U. Click Display Descriptive Statistics.