Highly praised for its exceptional clarity, technical accuracy, and useful examples , Weiers’ INTRODUCTION TO BUSINESS STATISTICS, Seventh Edition. Summary: CD-ROM contains: Chapter Ethics in statistical analysis and reporting — applet exercises. Bookmark: ; Work. , English, Book, Illustrated edition: Introductory business statistics / Ronald M. Weiers ; with business cases by J. Brian Gray, Lawrence H. Peters. Weiers.

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The relative heights of the rectangles visually demonstrate how the frequencies tend to drop off as we proceed from the 60—under 65 class to the 65—under 70 class and higher.

A curvilinear relationship between the variables as shown in part c of Figure 2. Bureau of the Census U. Variable number 26 5 2. Introduction and Background The Abuse of Visual Displays Remember that visuals can be designed to be either emotionally charged or purposely misleading to the unwary weires.

The scale to which the measurements belong will be important in determining appropriate methods for data description and analysis. The best-fit line is horizontal with a slope of zero and when we view the scatter dia- gram knowing the value of x is of no help whatsoever in predicting the value of y.

Introduction to Business Statistics : Ronald M. Weiers :

Enter C1 into the first line of the X variables box. Construct a scatter diagram using the household sav- ing rates in the United States and Germany as the two variables. Convert the table statistcis a relative frequency distribution. This is obtained simply by substituting x 5 50 million into the equation and calculating an estimated value for y 5 wins.


Construct ztatistics frequency distribution. There are two types of quantitative variables: The labels Certificate Type and Number thousands have already been entered at the top of columns C1 and C2 respectively. This numerical descriptor has the purpose of describing the typical observation contained within the data. Just 10 years following this disaster cancer rates in the fallout zone had already nearly doubled and researchers are now concerned about the possibility of even higher rates with businness greater passage of time.

Unequal class widths make it dif- ficult to interpret both frequency distributions and their graphical presen tations. Brian Gray, Lawrence H. By using our website you agree to our use of cookies.

Introduction-To-Business-Statistics-7Th-Edition Weiers |authorSTREAM

A Message to the Student A book is a very special link between author and reader. As with the scatter diagram and best-fit equation these businesa be discussed in greater detail in Chapter 15 Simple Linear Regression and Correlation.

Year Percentage Year Percentage 9. Such classes may not always be avoidable however since some data may include just a few values that are either very high or very low compared to the others. However as pointed out earlier the mean can be strongly influenced by just 1 Source: Weiers Vice President of Editorial Business: Thus the mean is able to make more complete use of the data.

Fair Dice Seeing Statistics Applet 8: This chart shows how soft drink sales millions of cases in Central America increased from through sratistics Chapters 15 and 16 introduce methods for obtaining and using estimation equations in describing how one variable tends to change in response to changes weisrs one or more weires. However in part b the starting 5 Data source: Within the two columns the variable to be represented by the vertical axis should always be in the column at the right.


Review of Basic Concepts.

Introduction and Background 2. A shopper will not be able to purchase 1. When a frequency distribution is to have equally wide classes the approximate width of each class is Approximate class width 5 Largest value 2 Smallest value in raw data in raw data Number of classes desired Class mark The midpoint of each class.

The association would stagistics a vested interest in dismissing accident studies such as the ones above as limited flawed and having research shortcomings.

Its condition thus reflected is used to mea- sure progress financial standing and economic growth. Visual Description of Data 21 Compared to the histogram the frequency polygon is more realistic in that the number of observations increases or decreases more gradually across the various classes.

Introduction to Business Statistics

In the years stattistics U. Kmart prices are 1 2 3 4 5 low high The Ratio Scale The ratio scale is similar to the interval scale but has an absolute zero and multiples are meaningful. Construct a display showing the average mpg accord- ing to type of transmission and whether the vehicle has air conditioning.