Statistical data analysis is the backbone of sound business decision making. Finding the right tool to analyse a particular business problem is the key to such problem solving. Learning the fundamentals of statistical reasoning and data analysis, and you will be on the way to becoming a better manager, analyst or economist. By providing a framework for solving statistical problems, this fourth abridged edition of "Australian Business Statistics" teaches skills that you can use throughout your career. The book shows you how to analyse data effectively by focussing on the relationship between the kind of problem you face, they type of data involved and the appropriate statistical technique for solving the problem.

Table of Contents

1. What is statistics? Part 1: Descriptive measures and probability 2. Graphical descriptive methods 3. Art and science of graphical presentations 4. Numerical descriptive measures 5. Probability 6. Data collection and sampling 7. Random variables and discrete probability distributions 8. Continuous probability distributions Part 2: Statistical inference 9. Statistical inference: An introduction 10. Sampling distributions 11. Estimation: Describing a single population 12. Hypothesis testing: Describing a single population 13. Additional Tests for nominal data: Chi-squared tests 14. Simple linear regression and correlation 15. Multiple regression Part 3: Applications 16. Time series analysis and forecasting 17. Index numbers Appendix A: Summary solutions for selected exercises Appendix B: Solutions to self-correcting exercises Appendix C: Tables