Statistics for Business and Economics, 14th edition

  • James T. McClave, 
  • P George Benson, 
  • Terry T Sincich

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Statistics for Business and Economics, 14th Edition introduces statistics in the context of real data, real decisions and real business. The authors highlight the discussion of ethical, data-driven decision making and apply concepts with real data. Inference is emphasized, with extensive coverage of data collection and analysis as needed to evaluate the reported results of statistical studies and make good decisions. Technology is used to help you develop statistical thinking, and to understand the assessment of credibility and value of the inferences made from data by those who consume and by those who produce them.

Published by Pearson (July 13th 2021) - Copyright © 2022

ISBN-13: 9780137335428

Subject: Advanced Statistics

Category: Introduction to Business Statistics


  1. Statistics, Data, and Statistical Thinking
  2. Methods for Describing Sets of Data
  3. Probability
  4. Random Variables and Probability Distributions
  5. Sampling Distributions
  6. Inferences Based on a Single Sample: Estimation with Confidence Intervals
  7. Inferences Based on a Single Sample: Tests of Hypotheses
  8. Inferences Based on Two Samples: Confidence Intervals and Tests of Hypotheses
  9. Design of Experiments and Analysis of Variance
  10. Categorical Data Analysis
  11. Simple Linear Regression
  12. Multiple Regression and Model Building
  13. Methods for Quality Improvement: Statistical Process Control (Available Online)
  14. Time Series: Descriptive Analyses, Models, and Forecasting (Available Online)
  15. Nonparametric Statistics (Available Online)


  1. Summation Notation
  2. Basic Counting Rules
  3. Calculation Formulas for Analysis of Variance
    • C.1 Formulas for the Calculations in the Completely Randomized Design
    • C.2 Formulas for the Calculations in the Randomized Block Design
    • C.3 Formulas for the Calculations for a Two-Factor Factorial Experiment
    • C.4 Tukey's Multiple Comparisons Procedure (Equal Sample Sizes)
    • C.5 Bonferroni Multiple Comparisons Procedure (Pairwise Comparisons)
    • C.6 Scheffé's Multiple Comparisons Procedure (Pairwise Comparisons)
  4. Tables

Answers to Selected Exercises



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