Saturday, May 19, 2012

Statistics for Business and Economics Review

Statistics for Business and Economics
Average Reviews:

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I teach Stats 201 (Introduction to Business Statistics) and for years I used the textbook by Wiers, which I feel is the best in it's field. After numerous obsrvations by my colleagues in the department, we hope that will be going back to the previous author's book after the current stock of this one runs out.
I find this book to be confusing, and it tends to jump around a lot rather than give a structured look at the process of learning Statistics. It pays little or no attention to the use of random numbers and the terminology is confusing.
Perhaps the biggest drawback with this book is the price- almost 150 bucks for a textbook is outrageous. Buy the previous edition used- the difference is minimal, the price difference is significant. Better still- buy the book on the same subject by Wiers. Don't just take my word- compare the two....it's just my opinion.

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This market leading text offers a solid, comprehensive, applications-oriented approach. Written by authors who are well-known and highly regarded in the field, the text provides sound methodological development. The discussion and development of each technique is presented in an application setting, with the statistical results providing insights to decisions and solutions to problems. Statistics for Business and Economics, 8e offers proven accuracy that has led instructors to adopted it simply for its superior examples and exercises alone.--This text refers to the Hardcover edition.

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