Statistics for Business & Economics

Product Description
For a one- or two-term course in business statistics. This best-selling introduction stresses the development of statistical thinking - the assessment of credibility and value of the inferences made from data - by both those who consume and those who produce the information. The authors emphasize inference; data collection and analysis are covered extensively, as needed, to evaluate the reported results of statistical studies and to make good business decisions. Num... More >> Statistics for Business & Economics

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5 Responses to “Statistics for Business & Economics”

  • The fact that this book is in its tenth edition is an indication of its popularity. Many years ago I taught courses in business statistics at the advanced undergraduate and first year graduate level in the business school at Cal State Fullerton. I found it to be an excellent text to teach out of at that time. Since many editions have occurred since then and Terry is a third authored introduced in editions after the one I taught out of I really can’t give a review of this edition. But I do think it will be helpful to amazon readers to know that McClave and Benson have a very good track record as authors of business statistics texts and Terry Sinich has coauthored a number of successful introductory and intermediate level statistics books. I am confident that this book is well written and has kept up with the advances in time series analysis that affects typical business related statistical problems.
    Rating: 4 / 5

  • I taught out of the 9th edition of this book and I liked it a lot. This is the perfect book for a second course in “methods statistics”, i.e. a book about how to do the calculations, when to do them, and what they mean. There are no proofs or derivations, just recipes, but supplied with a lot of worked out examples, and an excellent discussions of when what methods are appropriate.

    My gripe with the 10th edition is that the last two chapters, Time Series, and Non-parametric Statistics, are not printed on paper, but only available on the supplied student CD. These are two of the chapters that I teach, and I find it unacceptable that the students will not have these chapters in the book, but will have to look at them on the screen. Or, if they decide to print them out, our department budget for printing and copying will be bancrupted. The publisher’s explanation was that this was done “to save printing costs”. Yet, the new edition is not any cheaper than the previous one!

    Reluctantly, I am switching to an inferior text by a different publisher, just because it has all its chapters printed.

    Rating: 3 / 5

  • Anonymous says:

    I was a member of the text selection committee that chose this book for our school division’s advanced placement statistics course. It was a wise decision. The text is filled with contemporary examples that grab a student’s attention. It is particularly good at using technology both in the exercises and in the discussion. My students were very comfortable with the reading level, and DID READ the text! I especially liked the project suggestions at the end of each chapter. The text’s one weakness is the discussion and placement of the linear regression material. I needed a simpler approach and to do it much earlier in the course (after chapter 2). I had to supplement with material from other sources. However, this is a rather minor complaint compared to the text’s many other strengths.
    Rating: 4 / 5

  • This book is OK, but very overpriced. It’s heavy with glossy pages, and is a real back breaker in a school bag. The examples are ok, but don’t explore concepts very far or in depth. I often found myself thinking, “what about this case, or what about this case?” and couldn’t find any satisfactory answers. It’s definitely an introduction book to stats.

    It has answers to odd-numbered problems in the back. The solution manual for this is not great, and only covers questions the even-numbered problems. How this makes sense, I have no idea.

    It has some quick reference equations on the inside covers, which is definitely a nice touch. But save some money, buy it used. It is by no means a classic text.
    Rating: 3 / 5

  • MoetheCat says:

    For a non-calculus statistics book this is an easy way to grasp the basic concepts. I am using this with an inexpensive statistics course taught by paper correspondence method from the USDA Graduate School. To augment it, I am using an older edition of Devore, Probability and Statistics for Engineering and the Sciences.
    Rating: 4 / 5


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