Statistical Techniques in Business and Economics with Student CD [Hardcover]

Douglas Lind (Author), William Marchal (Author), Samuel Wathen (Author)

Book Description

ISBN-10: 0077309421 | ISBN-13: 978-0077309428 | Publication Date: January 8, 2009 | Edition: 14

Lind/14e is a perennial market best seller due to its comprehensive coverage of statistical concepts and methods delivered in a student friendly, step-by-step format. The text presents concepts clearly and succinctly with a conversational writing style. All statistical concepts are illustrated with solved applied examples immediately upon introduction. Self reviews and exercises for each section, and review sections for groups of chapters also support the student learning steps. Modern computing applications (Excel, Minitab, and MegaStat for Excel) are introduced, and the text maintains a focus on presenting statistics concepts as applied to business. The fourteenth edition continues as a 'students' text with increased emphasis on interpretation of data and results.

Editorial Reviews

About the Author

Douglas A. Lind is now an 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. Dr. Lind has more than 25 years of college teaching experience. This includes teaching statistics at the introductory, intermediate, and advanced undergraduate level, as well as graduate courses in statistics and research methods. He is a past recipient of the Tony DeJute Outstanding Teacher award. This award is given annually by the College of Business to the outstanding teacher in the College. He is active in both consulting and community service in Northwest Ohio. He has consulted with such national firms as Ford Motor Company, Key Bank, National City Bank, and the former Sheller Globe. Regional consulting includes work with The Toledo Hospital, St. Vincent Mercy Medical Center, and the Toledo Community Oncology Program. He has served the community of Perrysburg, Ohio as a member of volunteer committees for the city and the school system. This includes his most avid avocation, coaching high school baseball, having served as a volunteer coach for more than 12 years. His professional memberships include The American Statistical Association, Decision Sciences, and The Textbook Author's Association.

William G. Marchal is 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. Dr. Marchal is co-author with the late Robert D. Mason and Douglas A. Lind of three textbooks: Statistics: An Introduction; Statistical Techniques in Business & Economics; and Basic Statistics for Business & Economics. His research on stochastic models focuses on applications to waiting line models. Dr. Marchal has made paper presentations at meetings of professional societies, referred papers for journals and served as an associate editor of Naval Research Logistics. Published articles appear in the journals: Communications in Statistics, INFORMS, Journal on Computing, IIE Transactions, Interfaces, Operations Research, The Annals of Operations Research, AIIE Transactions and The Journal of Applied Probability.

Samuel Wathen is a 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. Dr. Wathen has 14 years of teaching experience. This includes introductory statistics, decision analysis, operations management, materials management, and service operations management. His experience spans both graduate and undergraduate programs. He attended a Master Teaching seminar held at Georgia State University that offered concepts and techniques to improve course design, course delivery, exam construction, student involvement, and many other aspects of teaching.

Product Details

• Hardcover: 826 pages
• Publisher: McGraw-Hill/Irwin; 14 edition (January 8, 2009)
• Language: English
• ISBN-10: 0077309421
• ISBN-13: 978-0077309428
• Product Dimensions: 10.6 x 8.1 x 1.3 inches
• Shipping Weight: 4 pounds (View shipping rates and policies)
• Average Customer Review: 3.9 out of 5 stars  See all reviews (25 customer reviews)
• Amazon Best Sellers Rank: #17,971 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

1 of 1 people found the following review helpful:

5.0 out of 5 stars Good Overview of the Material, April 9, 2011

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Lisa Shea "medieval swordfighting enthusiast" - See all my reviews
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This review is from: Statistical Techniques in Business and Economics with Student CD (Hardcover)

Statistical Techniques in Business and Economics by Lind, Marchal, and Wathen was my second statistical book, so I did have something to compare it against. My first statistics class used Business Statistics by David Levine. I found this book here to be easier to understand. One thing to keep in mind apparently is that different books teach the Z tables differently. The Levine book had taught them as cumulative tables. This book here teaches them as distance-from-the-mean. So that was confusing to realize at first, that the exact same nomenclature and exact same references were to two fairly different systems. If you are taking a class with a professor make sure you know which way the professor is intending to teach that material and choose a book (or supplementary book) that matches his or her style.

This book comes with a CD, but I didn't use it at all for the class, and I never had any issues. So while the CD might be helpful for some, it by no means is necessary to learn the material. Also the book fairly heavily promotes Connect, an online for-pay teaching system. There are Connect exercises everywhere in the book. I didn't use Connect either and again it did not impede my learning. So certainly people can use those extra systems but they are not necessary.

The examples were helpful and the graphics did a good job of illustrating the points.

I think the only time our class got tripped up by the book was in the discussion of analysis of variance, chapter 12. In this section it says, page 404, that "as the values of X increase, the F distribution ..." X had never been mentioned as a variable up until this point except as a mean. Then on page 405 you can see X in the formulas for the two standard deviations. So some students thought this was the X that the instructions were talking about. However, the book was actually talking about the *x axis value* (i.e. the F). On the slides that accompany this chapter the exact same sentence is given but with F instead of X. So I do think the book could use some editing to help situations like that be more clear. If nothing else the book's slides should match its text content.

Still, as long as you keep your eyes open for issues like that in general the book does a good job of helping students learn the material. Our class did very well with the book.

2 of 3 people found the following review helpful:

5.0 out of 5 stars Review on Stats Book, November 11, 2008

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Edee R. French (USA) - See all my reviews
(REAL NAME)   

This review is from: Statistical Techniques in Business and Economics with Student CD (Hardcover)

Very good text book. Easy to follow and understand. Answers to odd questions are in the back of the book. Book has Self-Review Quizes throughout the book with answers at the end of the chapters.

5.0 out of 5 stars Extremely Satisfied, January 22, 2012

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manda0108 - See all my reviews

Amazon Verified Purchase

This review is from: Statistical Techniques in Business and Economics with Student CD (Hardcover)

Book was is great condition (binding, no torn pages, no markings) and I got it at an amazing price. I have already recommended this site to others and I will continue ordering here too! I am very, very satisfied.