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Statistics for Business and Economics, 13th edition

Published by Pearson (January 8, 2017) © 2018

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

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About the Book - Hallmark Strengths

  • Data-based applications and examples introduce and illustrate new ideas, helping students better understand definitions, generalizations, and theoretical concepts. All examples have three components: "Problem,” "Solution,” and "Look Back" (or "Look Ahead"). This step-by-step process provides students with a defined structure by which to approach problems and enhances their problem-solving skills. The "Look Back/Look Ahead" feature often gives helpful hints for solving the problem and/or provides a further reflection or insight into the concept or procedure that is covered.
  • "Now Work" exercise suggestions follow each example. The Now Work exercise (marked with the NW icon in the exercise sets) is similar in style and concept to the text example, providing students with an opportunity to immediately test and confirm their understanding.
  • Statistics in Action case studies begin each chapter and are based on an actual contemporary, controversial or high-profile issue in business. Relevant research questions and data from the study are presented and the proper analysis demonstrated in short "Statistics in Action Revisited" sections throughout the chapter. These motivate students to critically evaluate the findings and think through the statistical issues involved.
  • "Hands-On" activities at the end of each chapter provide students with an opportunity to participate in hands-on classroom activities, ranging from real data collection to formal statistical analysis. These activities are designed to be performed by students individually or as a class.   
  • Applet Exercises are available on the student resource site and in MyLab™ Statistics. These point-and-click applets allow students to (e.g. sampling distributions and confidence intervals). Each chapter contains several optional applet exercise sets denoted with an applet icon.
  • Applet Correlation Guide illustrating how applets align with text chapters, can be accessed in the Tools for Success tab in MyLab Statistics, and also appears in the front of the book as a reference tool.
  • Real-World Business Cases, with real data and assignments for the student, serve as capstones and review for the material that precedes them. Typically, these cases follow a group of two or three chapters and require the student to apply the methods presented in these chapters.
  • Real Data-Based Exercises: More than 1,200 exercises based on applications in a variety of business disciplines and research areas are included. All the applied exercises employ the use of current real data extracted from current publications (e.g., newspapers, magazines, current journals, and the Internet). Some students have difficulty learning the mechanics of statistical techniques when all problems are couched in terms of realistic applications.  For this reason, all exercise sections are divided into at least four parts:
    • Learning the Mechanics: Designed as straightforward applications of new concepts, these exercises allow students to test their ability to comprehend a mathematical concept or a definition.
    • Applying the Concepts—Basic: Based on applications taken from a wide variety of business journals, newspapers, and other sources, these short exercises help students to begin developing the skills necessary to diagnose and analyze real-world problems.
    • Applying the Concepts—Intermediate: Based on more detailed real-world applications, these exercises require students to apply their knowledge of the technique presented in the section.
    • Applying the Concepts—Advanced: These more difficult real-data exercises require students to utilize their critical thinking skills.
  • Exploring Data with Statistical Computer Software and the Graphing Calculator is demonstrated using output from three leading Windows-based statistical software packages: Excel/XLSTAT, SPSS, and Minitab. Students are exposed early and often to computer printouts they will encounter in today’s hi-tech business world.
  • "Using Technology" Tutorials at the end of each chapter are statistical software tutorials with point-and-click instructions (with screenshots) for MINITAB, SPSS, and Excel/XLSTAT. These tutorials are easily located and show students how to best use and maximize statistical software. In addition, output and keystroke instructions for the TI-84 Graphing Calculator are presented.
  • Profiles of Statisticians in History provide brief descriptions of famous statisticians, with their achievements presented in side boxes, allowing students to develop an appreciation for the statistician's efforts and the discipline of statistics as a whole.
  • Student Resource Site contains files for all of the data sets marked with an icon in the text, including data sets for text examples, exercises, Statistics in Action, and Real-World cases. All data files are saved in three different formats: Excel, MINITAB, and SPSS. This website also contains the applets that are used to illustrate statistical concepts, as well as online chapters. Go to www.pearsonhighered.com/mathstatsresources.

Also available with MyLab Statistics

MyLab™ Statistics is the leading online tutorial and assessment tool for teaching and learning statistics, built around Pearson’s best-selling content. MyLab Statistics provides engaging experiences and personalized learning for each student to ensure learning happens in any environment. Plus, it offers flexible time-saving course management features and information about student progress to allow instructors to easily manage their classes while remaining in complete control, regardless of course format—traditional, hybrid, lab-based, or online.

Empower any student to apply and interpret Statistics procedures, getting to statistical understanding faster

  • Videos tie statistics to the real world.
    • Business Insight Videos: Ten engaging videos show managers at top companies using statistics in their everyday work. Assignable question encourage discussion.
    • StatTalk Videos: Fun-loving statistician Andrew Vickers takes to the streets of Brooklyn, NY, to demonstrate important statistical concepts through interesting stories and real-life events. This series of 24 fun and engaging videos will help students actually understand statistical concepts. Available with an instructor’s user guide and assessment questions.
  • Additional Question Libraries: In addition to algorithmically regenerated questions that are aligned with your textbook, MyLab Statistics courses come with two additional question libraries:
    • 450 exercises in Getting Ready for Statistics cover the developmental math topics students need for the course. These can be assigned as a prerequisite to other assignments, if desired.
    • Almost 1000 exercises in the Conceptual Question Library require students to apply their statistical understanding.
  • StatCrunch™: MyLab Statistics integrates the web-based statistical software, StatCrunch, within the online assessment platform so that students can easily analyze data sets from exercises and the text. In addition, MyLab Statistics includes access towww.statcrunch.com,a vibrant online community where users can access tens of thousands of shared data sets, create and conduct online surveys, perform complex analyses using the powerful statistical software, and generate compelling reports.
  • Tutorial Exercises with Multimedia Learning Aids: The homework and practice exercises in MyLab Statistics align with the exercises in the textbook, and most regenerate algorithmically to give students unlimited opportunity for practice and mastery. Exercises offer immediate helpful feedback, guided solutions, sample problems, animations, videos, statistical software tutorial videos and eText clips for extra help at point-of-use.
  • Learning Catalytics™ helps you generate class discussion, customize your lecture, and promote peer-to-peer learning with real-time analytics. As a student response tool, Learning Catalytics uses students’ smartphones, tablets, or laptops to engage them in more interactive tasks and thinking.
    • NEW! Upload a full PowerPoint® deck for easy creation of slide questions.
    • NEW! Team names are no longer case sensitive.
    • Help your students develop critical thinking skills.
    • Monitor responses to find out where your students are struggling.
    • Rely on real-time data to adjust your teaching strategy.
    • Automatically group students for discussion, teamwork, and peer-to-peer learning.
  • MyLab Statistics Accessibility: MyLab Statistics is compatible with the JAWS screen reader, and enables multiple-choice, fill-in-the-blank and free-response problem-types to be read, and interacted with via keyboard controls and math notation input. MyLab Statistics also works with screen enlargers, including ZoomText, MAGic®, and SuperNova. And all MyLab Statistics videos accompanying texts with copyright 2009 and later have closed captioning. More information on this functionality is available at http://mystatlab.com/accessibility.

Support students as they learn to use statistical software, to save valuable class time and prepare them for their future careers--whatever they may be

  • NEW! Tech-Specific Video Tutorials are short, topical videos that address how to use varying technologies, including Excel, to complete exercises.
  • When working any exercise that includes a data set, students can export that data easily in a single click, which minimizes their time doing data entry and keeps their focus on solving the problem.
  • EXPANDED! Tech Assumed Questions in MyLab Statistics: Exercises marked with a "-T" assume the use of technology throughout the exercise and accompanying learning aids.
  • A "Tech Help" button gives access to Technology Tutorial videos for all MyLab Statistics exercises that  require it. These videos are appropriate for any software.
  • Software output screens include displays from StatCrunch, Minitab, TI-83/84, and Excel to illustrate exercises and examples where appropriate.
  • Technology Answers are now included where they differ from by-hand computations.
  • Accompanying Technology Manuals contain detailed tutorial instructions and worked-out examples and exercises for many technologies, including TI-83/84 and 89 calculators and Excel.              
  • Users can now copy data from MyLab Statistics exercises straight into Excel.

Make studying more effective and efficient

  • Personalized Learning: Not every student learns the same way or at the same rate. Personalized homework and the companion study plan allows your students to work more efficiently, spending time where they really need to.
    • The Study Plan acts as a tutor, providing personalized recommendations for each of your students based on his or her ability to master the learning objectives in your course. This allows students to focus their study time by pinpointing the precise areas they need to review, and allowing them to use customized practice and learning aids—such as videos, eText, tutorials, and more—to get them back on track. Using the report available in the Gradebook, you can then tailor course lectures to prioritize the content where students need the most support—offering you better insight into classroom and individual performance.
    • With Personalized Homework, students take a quiz or test and receive a subsequent homework assignment that is personalized based on their performance. This way, students can focus on just the topics they have not yet mastered.

About the Book

  • Many new and updated exercises, based on contemporary business-related studies and real data, have been added. Most of these exercises foster and promote critical thinking skills. The authors analyzed aggregated student usage and performance data from MyMathLab for the previous edition of this text. The results of this analysis helped improve the quality and quantity of exercises that matter the most to instructors and students.
  • All printouts from statistical software (Excel 2016/XLSTAT, SPSS, MINITAB and the TI-84 Graphing Calculator), and corresponding instructions for use, have been revised to reflect the latest versions of the software.
  • Two of the 14 Statistics in Action cases are new, each based on real data from a recent business study; several others have been updated.  
  • Boxes emphasizing the importance of ethical behavior when collecting, analyzing, and interpreting data with statistics have been added, where appropriate.
  • The importance of statistical thinking to successful business analytics is established early in the text.
  • Chapter-by-chapter updates include:
    • In Chapter 1, an introduction to business analytics is now provided in Section 1.7, establishing the value of sound statistical thinking to successful applications of business analytics.
    • In Chapter 5, after a discussion of the sampling distribution of the sample mean (Section 5.3), the text helps the student decide when to use σ or σ/√n in their statistical analysis.
    • In Chapter 7, in the case of testing a population proportion with small samples, material on exact binomial tests has been added to Section 7.6.  
    • In Chapter 8, sample size formulas for the case of unequal samples have been added to Section 8.5.
    • In Chapter 10, to handle the case of small samples, Fisher's exact test for independence in a 2x2 contingency table is now included in Section 10.3. 

Also available with MyLab Statistics

MyLab™ Statistics is the leading online tutorial and assessment tool for teaching and learning statistics, built around Pearson’s best-selling content. MyLab Statistics provides engaging experiences and personalized learning for each student to ensure learning happens in any environment. Plus, it offers flexible time-saving course management features and information about student progress to allow instructors to easily manage their classes while remaining in complete control, regardless of course format–traditional, hybrid, lab-based, or online.

  • Learning Catalytics™ helps you generate class discussion, customize your lecture, and promote peer-to-peer learning with real-time analytics. As a student response tool, Learning Catalytics uses students’ smartphones, tablets, or laptops to engage them in more interactive tasks and thinking.
    • Upload a full PowerPoint® deck for easy creation of slide questions.
    • Team names are no longer case sensitive.

Support students as they learn to use statistical software, to save valuable class time and prepare them for their future careers--whatever they may be

  • Tech-Specific Video Tutorials are short, topical videos that address how to use varying technologies, including Excel, to complete exercises.
  • When working any exercise that includes a data set, students can export that data easily in a single click, which minimizes their time doing data entry and keeps their focus on solving the problem.
  • Tech Assumed Questions in MyLab Statistics: Exercises marked with a "-T" assume the use of technology throughout the exercise and accompanying learning aids.
  • A "Tech Help" button gives access to Technology Tutorial videos for all MyLab Statistics exercises that  require it. These videos are appropriate for any software.
  • Software output screens include displays from StatCrunch, Minitab, TI-83/84, and Excel to illustrate exercises and examples where appropriate.
  • Technology Answers are now included where they differ from by-hand computations.
  • Accompanying Technology Manuals contain detailed tutorial instructions and worked-out examples and exercises for many technologies, including TI-83/84 and 89 calculators and Excel.              
  • Users can now copy data from MyLab Statistics exercises straight into Excel.

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)

Dr. Jim McClave is currently President and CEO of Info Tech, Inc., a statistical consulting and software development firm with an international clientele. He is also currently an Adjunct Professor of Statistics at the University of Florida, where he was a full-time member of the faculty for twenty years.

Dr. Terry Sincich obtained his PhD in Statistics from the University of Florida in 1980. He is an Associate Professor in the Information Systems & Decision Sciences Department at the University of South Florida in Tampa. Dr. Sincich is responsible for teaching basic statistics to all undergraduates, as well as advanced statistics to all doctoral candidates, in the College of Business Administration. He has published articles in such journals as the Journal of the American Statistical Association, International Journal of Forecasting, Academy of Management Journal, and Auditing: A Journal of Practice & Theory. Dr. Sincich is a co-author of the texts Statistics, Statistics for Business & Economics, Statistics for Engineering & the Sciences, and A Second Course in Statistics: Regression Analysis.

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