Business Statistics

Ken Black is currently professor of quantitative management in the College of Business at the University of Houston–Clear Lake. Born in Cambridge, Massachusetts, and raised in Missouri, he earned a bachelor's degree in mathematics from Graceland University, a master's degree in math education from the University of Texas at El Paso, a Ph.D. in business administration (management science), and a Ph.D. in educational research from the University of North Texas. Since joining the faculty of UHCL in 1979, Professor Black has taught all levels of statistics courses, business analytics, forecasting, management science, market research, and production/operations management. He received the 2014 Outstanding Professor Alumni Award from UHCL. In 2005, he was awarded the President's Distinguished Teaching Award for the university. He has published over 25 journal articles and 30 professional papers, as well as two textbooks: Business Statistics: An Introductory Course and Business Statistics for Contemporary Decision-Making.

• About the Author viiPreface ix1 Introduction to Statistics and Business Analytics 12 Visualizing Data with Charts and Graphs 233 Descriptive Statistics 574 Probability 915 Discrete Random Variables and Their Probability Distributions 1296 Continuous Random Variables and Normal Distributions 1697 Sampling and Sampling Distributions 2058 Statistical Inference: Estimation for Single Populations 2359 Statistical Inference: Hypothesis Testing for Single Populations 26910 Statistical Inferences About Two Populations 31711 Analysis of Variance and Design of Experiments 36912 Simple Regression Analysis and Correlation 42513 Multiple Regression Analysis 47314 Building Multiple Regression Models 50115 Time-Series Forecasting and Index Numbers 54916 Analysis of Categorical Data 60317 Nonparametric Statistics 62318 Statistical Quality Control 66919 Decision Analysis 711Appendix A Tables 747Appendix B Answers to Selected Problems 789Glossary 795Index 803