Solution Manual for Essentials of Modern Business Statistics with Microsoft Excel, 7th Edition, David R. Anderson

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  • ISBN-10 ‏ : ‎ 1337298352
  • ISBN-13 ‏ : ‎ 978-1337298353
  • Author: David R. Anderson; Dennis J. Sweeney; Thomas A. Williams

Discover an accessible introduction to business statistics as ESSENTIALS OF MODERN BUSINESS STATISTICS, 7E balances a conceptual understanding of statistics with real-world applications of statistical methodology. The book integrates Microsoft Excel 2016, providing step-by-step instructions and screen captures to help you master the latest Excel tools. Extremely reader-friendly, this edition includes numerous tools to maximize your course success, including Self-Test Exercises, margin annotations, insightful Notes and Comments, and real-world Methods and Applications exercises. Eleven new Case Problems, as well as new Statistics in Practice applications and real data examples and exercises, give you opportunities to put what you learn into practice. Additional learning resources, including MindTap and CengageNOW for online homework assistance and a complete support website, provide everything to acquire Excel 2016 skills and an understanding of business statistics.

Table of contents:

  1. Chapter 1: Data and Statistics
  2. Statistics In Practice: Bloomberg Businessweek
  3. 1.1 Applications in Business and Economics
  4. Accounting
  5. Finance
  6. Marketing
  7. Production
  8. Economics
  9. Information Systems
  10. 1.2 Data
  11. Elements, Variables, and Observations
  12. Scales of Measurement
  13. Categorical and Quantitative Data
  14. Cross-Sectional and Time Series Data
  15. 1.3 Data Sources
  16. Existing Sources
  17. Observational Study
  18. Experiment
  19. Time and Cost Issues
  20. Data Acquisition Errors
  21. 1.4 Descriptive Statistics
  22. 1.5 Statistical Inference
  23. 1.6 Statistical Analysis Using Microsoft Excel
  24. Data Sets and Excel Worksheets
  25. Using Excel for Statistical Analysis
  26. 1.7 Analytics
  27. 1.8 Big Data and Data Mining
  28. 1.9 Ethical Guidelines for Statistical Practice
  29. Summary
  30. Glossary
  31. Supplementary Exercises
  32. Chapter 2: Descriptive Statistics: Tabular and Graphical Displays
  33. Statistics In Practice: Colgate-Palmolive Company
  34. 2.1 Summarizing Data for a Categorical Variable
  35. Frequency Distribution
  36. Relative Frequency and Percent Frequency Distributions
  37. Using Excel to Construct a Frequency Distribution, a Relative Frequency Distribution, and a Percent
  38. Bar Charts and Pie Charts
  39. Using Excel to Construct a Bar Chart and a Pie Chart
  40. 2.2 Summarizing Data for a Quantitative Variable
  41. Frequency Distribution
  42. Relative Frequency and Percent Frequency Distributions
  43. Using Excel to Construct a Frequency Distribution
  44. Dot Plot
  45. Histogram
  46. Using Excel’s Recommended Charts Tool to Construct a Histogram
  47. Cumulative Distributions
  48. Stem-and-Leaf Display
  49. 2.3 Summarizing Data for Two Variables Using Tables
  50. Crosstabulation
  51. Using Excel’s PivotTable Tool to Construct a Crosstabulation
  52. Simpson’s Paradox
  53. 2.4 Summarizing Data for Two Variables Using Graphical Displays
  54. Scatter Diagram and Trendline
  55. Using Excel to Construct a Scatter Diagram and a Trendline
  56. Side-by-Side and Stacked Bar Charts
  57. Using Excel’s Recommended Charts Tool to Construct Side-by-Side and Stacked Bar Charts
  58. 2.5 Data Visualization: Best Practices in Creating Effective Graphical Displays
  59. Creating Effective Graphical Displays
  60. Choosing the Type of Graphical Display
  61. Data Dashboards
  62. Data Visualization in Practice: Cincinnati Zoo and Botanical Garden
  63. Summary
  64. Glossary
  65. Key Formulas
  66. Supplementary Exercises
  67. Case Problem 1: Pelican Stores
  68. Case Problem 2: Motion Picture Industry
  69. Case Problem 3: Queen City
  70. Case Problem 4: Cut-Rate Machining, Inc.
  71. Chapter 3: Descriptive Statistics: Numerical Measures
  72. Statistics In Practice: Small Fry Design
  73. 3.1 Measures of Location
  74. Mean
  75. Median
  76. Mode
  77. Using Excel to Compute the Mean, Median, and Mode
  78. Weighted Mean
  79. Geometric Mean
  80. Using Excel to Compute the Geometric Mean
  81. Percentiles
  82. Quartiles
  83. Using Excel to Compute Percentiles and Quartiles
  84. 3.2 Measures of Variability
  85. Range
  86. Interquartile Range
  87. Variance
  88. Standard Deviation
  89. Using Excel to Compute the Sample Variance and Sample Standard Deviation
  90. Coefficient of Variation
  91. Using Excel’s Descriptive Statistics Tool
  92. 3.3 Measures of Distribution Shape, Relative Location, and Detecting Outliers
  93. Distribution Shape
  94. z-Scores
  95. Chebyshev’s Theorem
  96. Empirical Rule
  97. Detecting Outliers
  98. 3.4 Five-Number Summaries and Box Plots
  99. Five-Number Summary
  100. Box Plot
  101. Using Excel to Construct a Box Plot
  102. Comparative Analysis Using Box Plots
  103. Using Excel to Construct a Comparative Analysis Using Box Plots
  104. 3.5 Measures of Association Between Two Variables
  105. Covariance
  106. Interpretation of the Covariance
  107. Correlation Coefficient
  108. Interpretation of the Correlation Coefficient
  109. Using Excel to Compute the Sample Covariance and Sample Correlation Coefficient
  110. 3.6 Data Dashboards: Adding Numerical Measures to Improve Effectiveness
  111. Summary
  112. Glossary
  113. Key Formulas
  114. Supplementary Exercises
  115. Case Problem 1: Pelican Stores
  116. Case Problem 2: Motion Picture Industry
  117. Case Problem 3: Business Schools of Asia-Pacific
  118. Case Problem 4: Heavenly Chocolates Website Transactions
  119. Case Problem 5: African Elephant Populations
  120. Chapter 4: Introduction to Probability
  121. Statistics In Practice: National Aeronautics And Space Administration
  122. 4.1 Experiments, Counting Rules, and Assigning Probabilities
  123. Counting Rules, Combinations, and Permutations
  124. Assigning Probabilities
  125. Probabilities for the KP&L Project
  126. 4.2 Events and Their Probabilities
  127. 4.3 Some Basic Relationships of Probability
  128. Complement of an Event
  129. Addition Law
  130. 4.4 Conditional Probability
  131. Independent Events
  132. Multiplication Law
  133. 4.5 Bayes’ Theorem
  134. Tabular Approach
  135. Summary
  136. Glossary
  137. Key Formulas
  138. Supplementary Exercises
  139. Case Problem 1: Hamilton County Judges
  140. Case Problem 2: Rob’s Market
  141. Chapter 5: Discrete Probability Distributions
  142. Statistics In Practice: Citibank
  143. 5.1 Random Variables
  144. Discrete Random Variables
  145. Continuous Random Variables
  146. 5.2 Developing Discrete Probability Distributions
  147. 5.3 Expected Value and Variance
  148. Expected Value
  149. Variance
  150. Using Excel to Compute the Expected Value, Variance, and Standard Deviation
  151. 5.4 Bivariate Distributions, Covariance, and Financial Portfolios
  152. A Bivariate Empirical Discrete Probability Distribution
  153. Financial Applications
  154. Summary
  155. 5.5 Binomial Probability Distribution
  156. A Binomial Experiment
  157. Martin Clothing Store Problem
  158. Using Excel to Compute Binomial Probabilities
  159. Expected Value and Variance for the Binomial Distribution
  160. 5.6 Poisson Probability Distribution
  161. An Example Involving Time Intervals
  162. An Example Involving Length or Distance Intervals
  163. Using Excel to Compute Poisson Probabilities
  164. 5.7 Hypergeometric Probability Distribution
  165. Using Excel to Compute Hypergeometric Probabilities
  166. Summary
  167. Glossary
  168. Key Formulas
  169. Supplementary Exercises
  170. Case Problem 1: Go Bananas!
  171. Case Problem 2: McNeil’s Auto Mall
  172. Case Problem 3: Grievance Committee at Tuglar Corporation
  173. Case Problem 4: Sagittarius Casino

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