Customer Reviews

Statistics for Management and Economics (with CD-ROM and InfoTrac)

5 star:		(1)
4 star:		(3)
3 star:		(0)
2 star:		(0)
1 star:		(4)

 

 

This book became my statistics bible. After never attending any statistics classes at the University, I was suddenly forced to work with multiple regressions at work. This book helped me understand all about statistics that I needed for my business purposes. The examples are very helpfull to understand what the tests actually do and how you can solve your own inference problems. I read the whole book in about 10 days (2 hours a day) at the beach and now work mainly with the overviews in the last chapters when I have a problem to solve at work.

I found the book remarkably clear and instructive. It was the textbook for an MBA statistics course. Fortunately the book was much better than the teacher, so that by primarily ignoring the confused musings of the professor, and reading and working the exercises in the book, I was able to get an A in the class, and, more importantly, understand statistical principles and applications. I worked with the 6th edition. I now use the book as a reference for my work activities as well.

The explanations of the problems in the 7th Edition textbook are accurate, as they should be, since both are by Keller. Problem is, the answer guide only gives you answers to the odd-numbered problems - answers to the same problems are in the back of the textbook this is intended to accompany!! Total ripoff.
I'm glad I bought this used and only paid a few dollars.

This book covers a wide area of fields necessary for business and economic students. It also explains how to go on if necessary conditions are violated. Time-series analysis, which is very important for economic students, are not covered to the extent as other topics, but it nevertheless gives a good introduction of other statistical concepts necessary for understanding following books on time series analysis. For my opion there are a little bit to much exercises than necessary, for an autodidactic study but enough for class room work. A very fine feature is that there never come up terminologies which has not been discussed before and one can use MS-Excel.

The 5th edition of this book, available still in many places, is one awful book. The instructions for most of the Minitab examples are incomplete and in many cases worthless. Many explanations are superficial and the tie in to the overall statistical picture is weak. I have heard the 6th is better, the 5th should not have been printed.

The 5th edition of this book, available still in many places, is one awful book. The instructions for most of the Minitab examples are incomplete and in many cases worthless. Many explanations are superficial and the tie in to the overall statistical picture is weak. I have heard the 6th is better, the 5th should not have been printed.

I had to use this edition as text book for my Statistics Course in an MBA Program and found multiple errors and ambiguities in describing basic concepts. Lack of rigurousity in presentation is pervasive. Although an engineer by formation, I found this book a terrible reading as an initiation in statistics!

It's realy usefull for to problem solving. It helps to learn easly to solve the problems with Excel.