Customer Reviews

Statistics for Business and Economics (Statistics for Business & Economics)

5 star:		(14)
4 star:		(6)
3 star:		(1)
2 star:		(2)
1 star:		(6)

 

 

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.

Statistics is a mind-numbing subject. It's not easy, and not particularly exciting, either. This book doesn't exactly bring loads of fun to the subject, but it explains concepts well, provides pertinent examples, and offers plenty of useful practice problems.

The authors and publishers have paid particularly close attention to detail, ensuring, for instance, that all diagrams are on the same page as the concepts they elucidate. This may be a small thing to some, but I find it tiresome that with so many texts you are forced continually to flip back and forth from diagrams on one page to pertinent information on another.

I have a background in the Humanities and before the MBA stats course had not completed a math course since high school -- 20 years ago! (48th percentile quant GMAT!) My head was swimming after the first couple of lectures, but I sat down with this text, read it carefully, worked through ALL the problems, and received an A in the course. So far, I know of no other person that earned a full A, so the course was not a walk in the park. I believe that the one thing that differentiated me from the more capable quant jocks is that I spent plenty of quality time with the text.

If this is your textbook, you've got a good one. Use it well and good luck.

BTW, my one complaint is that the shiny paper reflects into your eyes under fluorescent lighting. Too bad almost all publishers, including this one, feel compelled to go with the glossy paper.

I only have the fifth edition of this book, but it is probably similar to this edition. I used this book, when I was teaching statistics many years ago. The book is very clear and it explains each statistical concept very thoroughly.

As an online statistics tutor, I find myself referring to it all the time. It has all of the topics that are normally covered in a first course in statistics. It also has some very good chapters on elective topics such as nonparametrics, sample surveys, and quality control. I took many courses in these subjects in undergraduate and graduate school, and I find that this book is a good review for some of the things I've forgotten.

I have many statistics books both elementary and advanced. This is one of only two elementary books that I would purchase again (my teacher's edition is losing the binding!).

It is probably the most complete book on statistics that I have ever read at this level. I would certainly recommend this book to anybody who is taking statistics for the first time. I would also recommend this book to statistics majors who plan to go into teaching and need a good review text.

After taking this course for the second time, I found that this book really explained concepts well. I had trouble learning statistics the first time, but this book adds real-life applications making it easy to learn why it works the way it does. If you are hesitant or jittery about this class...relax. This book will make your life easier.

Statistics for Business and Economics (with CD-ROM)

This book is geared toward business majors who need to have a solid understanding of statistical data as it relates to business concepts. Algebra was a pre-requisite when I took this course, but being familiar with algebra and its concepts won't help you much. Topics are not explained thoroughly which leaves the task of finding the missing pieces to understand the concept to the reader. Working the sample problems provides you with an answer, but doesn't walk you through the steps to solving the problem.

The book also skips over some topics that are in other broader based basic statistics books. Some of which I feel are important for business majors to know as they work with their clients, who may not be business majors. I had to purchase another book to de-code what this one was saying. Once I did, I was able to understand the material better.

If you have no clue about statistics, then this is the best book your money can money. It is crystal clear.
However, if you've already taken statistics, you might find this book to be too basic.

I have a basic statistics background before I read this book. For me, the book is useful for my basic quantitative research. Last few chapters apply the statistics rules in earlier chapters to the real business environment, which I think it's really practical and interesting. The most I like in this book is the practice questions at the end of each chapter, which apply to everyone's daily life. However, first four chapters cover too many unnecessary topics.

This book tends to jump off topic (most aren't explained well). For example, they talk about one thing but the exercises are a bit different than the chapter's topic. Most of the information isn't fully explained. If you are in a class where the instructor assigns the exercise questions for homework, you are screwed. You may not know what to do unless you seek outside help (study guide, tutor etc.) or read beyond the chapter.

Very good text for any statistics student. Clear and concise explanations. Ten times better than the text I used in undergrad by Newbold.

Basic information is all covered in the book. Great if you are taking AP Statistics or a statistics course in your undergrads.