# Basic Statistics for Business and Economics

## Douglas A. Lind; Samuel A. Wathen; William G Marchal

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Lind/Marchal/Wathen Basic Statistics for Business and Economics, 7e is the basic version of Statistical Techniques in Business & Economics 14e, our market best seller. Like the 14th edition, the 7th edition contains comprehensive coverage of statistical tools and methods delivered in a student friendly, step-by-step format but in a shorter, “essential” version of the big book. The text is non-threatening and presents concepts clearly in a conversational writing style. Statistical concepts are illustrated with solved applied examples. The text maintains a focus on presenting statistics content first and using software as tools to support interpretation of data and results.

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Packaged w/CD-ROM containing practice quizzes, data files, and PowerPoint slides. This text is one of the first to introduce an expansive technology supplements package.
Excel and Minitab are integrated throughout the text. Excel and Minitab are used as examples in the chapter and the explanations of the computer commands are moved to the end of the chapter letting students focus on statistical techniques. Excel examples are a current hot topic in this market. It is widely use throughout both a student's academic and occupational careers.
Use of p-values is integrated in the hypothesis testing discussions throughout the text. P-values are a hot emerging topic because they give the user more information about the hypothesis and provide more depth to the problem.
Web exercises related to companies, government organizations, and university data sets enhance students' use of data. Instructors and students will find these web exercises and data sets useful because they allow the student to experiment with real world examples, but also because they afford the students more exposure to the vast resources available on the web.
Pronunciation Key listing the math symbol, its meaning, and how to pronounce it follows at the end of chapter, helping students gain confidence in the language of statistics and retain the meaning of the symbol. (It also helps a student understand the professor's lectures when new symbols, etc. are introduced).
Material on percentiles and quartiles reflects the use of the computer and is based on ungrouped rather than grouped data allowing students to focus on interpretation of the data.
Regression and correlation analysis includes more realistic examples and more observations to emphasize decision-making aspects. This makes the problem more realistic to the student.
A new section describing the difference between dependent and independent samples with a discussion of why the value of the test statistic changed when dependent and independent samples are used on the same data.
Clear explanations supported by detailed step-by-step examples.
Examples, Self-review boxes, and exercises after each major concept allow students to develop the skills and confidence to 'do' statistics.
Illustrations and photos support text concepts and diminish the fear of statistics.
Highlighted definitions and boxed, numbered formulas provide quick reference that will save your students time.
End-of-chapter outline and exercises provide reinforcement of chapter goals.
Worked solutions to all odd-numbered text exercises in the back of the book give students immediate feedback not only on just the correct answer, but on how they should arrive at the correct one.
Computer data exercises, using three large end-of-text data sets follow each chapter. These allow real world applications and analysis of data using techniques discussed in each chapter.
Formula card inserted into text give students another tool to help in their studies.

Adjunct professor at Coastal Carolina University. He earned his Ph.D. and an MBA from The University of Toledo and a Bachelor of Science in Business from Bowling Green State University. Dr. Lind is the co-author with the late Robert D. Mason and William G. Marchal of Statistical Techniques in Business and Economics and Basic Statistics for Business and Economics published by Irwin/McGraw-Hill and Statistics: An Introduction published by Duxbury. In addition he has written Study Guides to be used with these texts.

Professor of Information Systems and Operations Management at The University of Toledo College of Business Administration. He received his B.S. degree in Mathematics from The University of Dayton, an M.A. in Mathematics from The Catholic University of America, and his D. Sc. in Operations Research from The George Washington University. Dr. Marchal has held visiting appointments at The University of Michigan and George Mason University. He has also worked at the Executive Office of the District of Columbia government, the George Washington University Institute for Management Science, and the U.S. Army Chemical Research & Development Center.

Professor in the E. Craig Wall Sr. College of Business Administration at Coastal Carolina University. He earned his Ph.D. in Business Administration from the University of Minnesota, a M.B.A. from Oklahoma State University, a M.S. in Forest Biometrics from Virginia Polytechnic Institute and State University, and a B.S. in Forestry from the University of Illinois. Dr. Wathen's research interests include applied statistics, teaching methods, and manufacturing and service process design. He has published articles in the International Journal of Operations and Production Management, National Productivity Review, International Journal of Service Industry Management, and the Journal of Workplace Learning: Employee Counseling Today

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