Business Statistics, 3E Donnelly ©2020 Test Bank

Business Statistics, 3E Donnelly ©2020 Test Bank and Solution Manual

Business Statistics, 3E Donnelly ©2020 Test Bank and Solution Manual

Test Bank 

• Hardcover: 976 pages
• Publisher: Pearson; 3 edition (April 28, 2019)
• Language: English
• ISBN-10: 0134685261
• ISBN-13: 978-0134685267
• Product Dimensions: 9.5 x 6.5 x 1.5 inches

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Business Statistics (3rd Edition) 3rd Edition

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Business Statistics, 3E Donnelly ©2020 Test Bank

Test  Bank Business Statistics, 3E Donnelly ©2020

Business Statistics, 3E Donnelly ©2020 Solution manal

Solution manual Business Statistics, 3E Donnelly ©2020 Test Bank

DESCRIPTION

For one- or two-semester introductory courses in business statistics.

This package includes MyLab Business Statistics.

Eliminate the intimidation factor from learning statistics for business

Robert Donnelly’s Business Statistics was written in a conversational tone designed to reduce the level of anxiety that many business students experience when taking a statistics course. The 3rd Edition maintains the author’s successful and straightforward approach that explains each concept and why it’s important, directly to students. Through an abundance of comments in the margins that clarify specific topics, a variety of applications, and Your Turn practice opportunities in each chapter, students see business statistics in action — both in the classroom and the world around them.

Reach every student by pairing this text with MyLab Business Statistics

MyLab™ is the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student. For example, new Excel and StatCrunch Projects help students develop business decision-making skills. Learn more about MyLab Business Statistics.

Plus, give students anytime, anywhere access with Pearson eText
Pearson eText is a simple-to-use, mobile-optimized, personalized reading experience available within MyLab. It lets students highlight and take notes all in one place — even when offline.

Features

Reach every student by pairing this text with MyLab Business Statistics

MyLab™ is the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student. For example, new Excel and StatCrunch Projects help students develop business decision-making skills. Learn more about MyLab Business Statistics.

Business statistics made accessible

Donnelly’s conversational writing style, friendly step-by-step approach, clearly presented concepts, and skillful use of business-focused examples give meaning to business statistics for today’s college students. From the moment they open the book, students get the sense of sitting down and having a conversation with the author.

• The engaging, straightforward tone pulls students into the material, without talking down to them, and helps them understand the concepts even before they realize they’re learning.
• The look and feel of the book is designed to be friendly and unintimidating.
• Key concepts — and why students need to know them — are effectively explained.
• Author comments in the margins call out quick tips and common mistakes to help clarify specific topics. Presented informally as written bubbles, they’re analogous to side comments instructors would make to students during a lecture to help them understand the material.
• Highlighted text ensures that students take notice of important points.

Teach students how statistics works — in the classroom and in the real world

Students see why the concepts they’re learning are important and how they’ll be used in everyday life.

• Learning Objectives open every chapter and help students guide their learning efforts.
• The “Learn It, Do It, Check It” cycle lets students learn by reading an example, work in a similar problem on their own, and then check their answer to confirm they understand.
• Updated – Current business examples are used throughout to grab and keep students’ interest. Many examples have been updated with more timely topics and data sets that relate to current business systems, technologies, and applications.
• A step-by-step approach to complicated problems breaks down the tougher topics and shows students the steps involved in small, bite-size portions of information. As a result, students have a consistent road map to follow when deciding how to proceed with a specific technique.
• Updated – Your Turn boxes follow the examples and give students a chance to practice a problem right after they’ve learned about it. Answers appear at the end of the chapters so students can check their work.
• Updated – Detailed end-of-chapter problems vary in difficulty level and type and provide instructors with flexibility.
• Statistics in Practice boxes use pertinent examples to grab students’ attention, clarify concepts, and show how statistics is used in today’s business environment.
• New – Focus on Analytics discusses business analytics examples and applications, so students can achieve competitiveness in their careers.
• Equations sections provide useful summaries of formulas.

Coverage includes the most current thinking, practices, and software in the field

• New and Updated – Coverage of important topics, include:
  • Data sets and databases, which explain definitions and show examples and tables (Chapter 1).
  • How to create histograms using Excel charts, and Sparklines with definitions and steps (Chapter 2).
  • How to use short-cut formulas to find the sample variance and standard deviation in Excel as well as demonstration of Excel to draw box-and-whisker plots (Chapter 3).
  • How to create contingency tables with probabilities in Excel by using pivot table. More tables and explanations have been added to simplify the logic and process of deriving Bayes theorem (Chapter 4).
  • How to find the mean of a discrete probability distribution in Excel (Chapter 5).
  • How to use Excel to perform hypothesis tests for the mean when σ is known (Chapter 9).
  • How to use Excel to determine the p-value (Chapters 12 and 13).
• Updated – Technology coverage to Microsoft Excel® 2016, including (online) instructions and figures, so instructors can successfully demonstrate the use of technology in business statistics. The 3rd Edition also focuses more on Excel’s Data Analysis ToolPak, which covers most functionalities needed in this course.
• New – Excel Projects call out certain topics in the text, from Describing and Calculating Data to Hypothesis Testing to Linear Regression, and point students to Excel assignments in MyLab Business Statistics. These assignments allow students to apply statistical analysis using Excel native functions and Excel’s Data Analysis Add-in.

Reach every student with MyLab

• Teach your course your way: Your course is unique. So whether you’d like to build your own assignments, teach multiple sections, or set prerequisites, MyLab gives you the flexibility to easily create your course to fit your needs.
  • New – Pearson eText is a simple-to-use, mobile-optimized, personalized reading experience available within MyLab It lets students highlight and take notes all in one place — even when offline.
• Empower each learner: Each student learns at a different pace. Personalized learning pinpoints the precise areas where each student needs practice, giving all students the support they need — when and where they need it — to be successful.
  • Question Help consists of homework and practice questions to give students unlimited opportunities to master concepts. Learning aids walk students through the problem — giving them assistance when they need it most.
  • The Study Plan gives students personalized recommendations, practice opportunities, and learning aids to help them stay on track.
  • The Getting Ready for Statistics Library contains more than 450 exercises to ensure students have mastered the needed developmental math topics before beginning their statistics course. These are key for students who may need extra prerequisite support and can be added to any assignment.
• Deliver trusted content: You deserve teaching materials that meet your own high standards for your course. That’s why we partner with highly respected authors to develop interactive content and course-specific resources that you can trust — and that keep your students engaged.
  • New – Using proven, field-tested technology, auto-graded Excel Projects let you seamlessly integrate Microsoft® Excel® content into your course without having to manually grade spreadsheets.
  • StatCrunch, a powerful, web-based statistical software, is integrated into MyLab, so students can quickly and easily analyze data sets from their text and exercises.
    • New – StatCrunch Projects provide opportunities for students to analyze big data, practice statistical thinking, and make data-informed decisions. Each project consists of a series of questions about a large data set to provide a deeper dive on business statistics topics.
• Improve student results: When you teach with MyLab, student performance often improves. That’s why instructors have chosen MyLab for over 15 years, touching the lives of over 50 million students.

New to This Edition

Teach students how statistics works – in the classroom and in the real world

Students see why the concepts they’re learning are important and how they’ll be used in everyday life.

• Current business examples are used throughout to grab and keep students’ interest. Many examples have been updated with more timely topics and data sets that relate to current business systems, technologies, and applications.
• Your Turn boxes follow the examples and give students a chance to practice a problem right after they’ve learned about it. Answers appear at the end of the chapters so students can check their work.
• Detailed end-of-chapter problems vary in difficulty level and type and provide instructors with flexibility.
• Focus on Analytics discusses business analytics examples and applications, so students can achieve competitiveness in their careers.

Coverage includes the most current thinking, practices, and software in the field

• Coverage of important topics, include:
  • Data sets and databases, which explain definitions and show examples and tables (Chapter 1).
  • How to create histograms using Excel charts, and Sparklines with definitions and steps (Chapter 2).
  • How to use short-cut formulas to find the sample variance and standard deviation in Excel as well as demonstration of Excel to draw box-and-whisker plots (Chapter 3).
  • How to create contingency tables with probabilities in Excel by using pivot table. More tables and explanations have been added to simplify the logic and process of deriving Bayes theorem (Chapter 4).
  • How to find the mean of a discrete probability distribution in Excel (Chapter 5).
  • How to use Excel to perform hypothesis tests for the mean when σ is known (Chapter 9).
  • How to use Excel to determine the p-value (Chapters 12 and 13).
• Technology coverage to Microsoft Excel® 2016, including (online) instructions and figures, so instructors can successfully demonstrate the use of technology in business statistics. The 3rd Edition also focuses more on Excel’s Data Analysis ToolPak, which covers most functionalities needed in this course.
• Excel Projects call out certain topics in the text, from Describing and Calculating Data to Hypothesis Testing to Linear Regression, and point students to Excel assignments in MyLab Business Statistics. These assignments allow students to apply statistical analysis using Excel native functions and Excel’s Data Analysis Add-in.

Reach every student with MyLab

• Pearson eText is a simple-to-use, mobile-optimized, personalized reading experience available within MyLab It lets students highlight and take notes all in one place — even when offline.
• Using proven, field-tested technology, auto-graded Excel Projects let you seamlessly integrate Microsoft® Excel® content into your course without having to manually grade spreadsheets.
  • StatCrunch, a powerful, web-based statistical software, is integrated into MyLab, so students can quickly and easily analyze data sets from their text and exercises.
    • • StatCrunch Projects provide opportunities for students to analyze big data, practice statistical thinking, and make data-informed decisions. Each project consists of a series of questions about a large data set to provide a deeper dive on business statistics topics.

Table of Contents

1. An Introduction to Business Statistics

2. Displaying Descriptive Statistics

3. Calculating Descriptive Statistics

4. Introduction to Probabilities

5. Discrete Probability Distributions

6. Continuous Probability Distributions

7. Sampling and Sampling Distributions

8. Confidence Intervals

9. Hypothesis Testing for a Single Population

10. Hypothesis Tests Comparing Two Populations

11. Analysis of Variance (ANOVA) Procedures

12. Chi-Square Tests

13. Hypothesis Tests for the Population Variance

14. Correlation and Simple Linear Regression

15. Multiple Regression and Model Building

16. Forecasting

17. Decision Analysis (online)

18. Nonparametric Statistics (online)

Appendix A: Tables

Appendix B: Answers to Selected Even-Numbered Problems

About the Author(s)

Robert (Bob) A. Donnelly, Jr. was a professor at Goldey-Beacom College in Wilmington, Delaware, with more than 25 years of teaching experience. He taught classes in statistics, operations management, spreadsheet modeling and project management at both the undergraduate and graduate level. Bob earned an undergraduate degree in chemical engineering from the University of Delaware, after which he worked for several years as an engineer with the Diamond Shamrock Corporation in a chlorine plant. Despite success in this field, Bob felt drawn to pursue a career in education. It was his desire to teach that took him back to school to earn his MBA and PhD in Operations Research, also from the University of Delaware. Bob also teaches in the MBA program at the International School of Management in Paris, France. He thoroughly enjoys discussing research methods and business statistics with both his French and American students.

Bob’s working experience gathered prior to his teaching career has provided him with many opportunities to incorporate real-life examples into classroom learning. His students appreciate his knowledge of the business world as well as his mastery of the course subject matter. Many former students seek Bob’s assistance in work-related issues that deal with his expertise. Typical student comments focus on his genuine concern for their welfare and his desire to help them succeed in reaching their goals.