Statistics for Managers Using Microsoft Excel and Student CD Package (5th Edition) [Hardcover]

David M. Levine (Author), David F. Stephan (Author), Timothy C. Krehbiel (Author), Mark L. Berenson (Author)

Book Description

Publication Date: March 18, 2007 | ISBN-10: 0136149901 | ISBN-13: 978-0136149903 | Edition: 5

This book was the first to thoroughly integrate the use of Microsoft Excel as a tool for statistical analysis. The book focuses on the concepts of statistics with applications to the functional areas of business. It is rich in applications from accounting, finance, marketing, management and economics, covering data collection, tables and charts, probability, estimation, and more. For professionals, particularly managers, making financial analyses and decisions.

Product Details

• Hardcover: 858 pages
• Publisher: Prentice Hall; 5 edition (March 18, 2007)
• Language: English
• ISBN-10: 0136149901
• ISBN-13: 978-0136149903
• Product Dimensions: 11.2 x 8.7 x 1.3 inches
• Shipping Weight: 4.5 pounds
• Average Customer Review: 2.7 out of 5 stars  See all reviews (15 customer reviews)
• Amazon Best Sellers Rank: #426,586 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

5 of 5 people found the following review helpful:

2.0 out of 5 stars Statistics for Managers, February 4, 2009

By 

C. J. ROBERTS "CJR" (GA) - See all my reviews
(REAL NAME)   

This review is from: Statistics for Managers Using Microsoft Excel and Student CD Package (5th Edition) (Hardcover)

The book is very confusing. There is a lot of information the book does not explain how to access. For example , some exercises refer to PH grade assist. This is not described in the book. I never found it. I barely have time to study the contents of the chapters, much less how the book works. In addition, breakdown of equations are also confusing. I had to refer to a previous statistic book from a pre-grad course I took for better explanations.

2 of 2 people found the following review helpful:

3.0 out of 5 stars Statistics sections are good, but the Excel Companion sections are too wordy, September 18, 2008

By 

Kattamuri S. Sarma (White Plains, NY) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: Statistics for Managers Using Microsoft Excel and Student CD Package (5th Edition) (Hardcover)

The Statistics material presented in this book is good. But the Excel Companion sections are too wordy. The instructions for using Excel should have been written as bullet points.
The following items are not clear:
(1) Exporting a pivot table as an independent worksheet
(2) Creating new columns from a pivot table.

1 of 1 people found the following review helpful:

4.0 out of 5 stars Good textbook but needs some improvements, May 20, 2010

By 

Jaewoo Kim "OB-Wan" (Santa Monica, CA) - See all my reviews
(TOP 1000 REVIEWER)    (VINE VOICE)    (REAL NAME)   

Amazon Verified Purchase

This review is from: Statistics for Managers Using Microsoft Excel and Student CD Package (5th Edition) (Hardcover)

This textbook is dedicated to solving statistics problems using MS Excel. It covers the following on statistics:

1)Descriptive statistics
2)Probability (Binomial, Poisson, Hypergeometric etc)
3)Normal Distribution
4)Confidence interval
5)Hypothesis testing
6)ANOVA
7)Chi Square
8)Regression (linear, multiple)
9)Forecasting and decision making

The covers how to solve statistics problems using conventional (using a calculator) method as well. But the focus is on utilizing Excel's many but somewhat limited statistical functions and Data Analysis pack.

The explanations of statistical concepts are merely decent and are very dry. I would recommend "Humongous Book of Statistics Problems" or "Statistics for People Who Thinks They Hate Statistics" for better explanations of statistical concepts.

Most of the problems in this book are very redundant. At least 50% of problems are almost exact copies (questions included) of other problems but with different sets of Excel data. But the best part of this book is the CD-ROM which provides the Cxcel data sets for statistical analysis and problem solving. If you want to practice using Excel to resolve statistical problems, then I recommend this book. Conversely, unless you can obtain the contents of the CD-ROM (should not be hard to do since they contain mostly Excel Data sets), I would not purchase this book without the CD-ROM.

The biggest disappoint for me is this book's lack of specific details on how to use Excel. For example, the book excludes explanations some (it covers only the major ones) of the Data Analysis's outputs. Another major omission is a detailed instruction on how to use Excel for Quadratic Regressions. I had to search the internet for that information.

One pleasant surprise is the book's detailed explanation of regression (linear, multiple regression, confidence level etc). The book dedicates around 200 pages to the topic of regression and it is covered well (with some loopholes in Excel usage). If you want to know how to utilize Excel to perform regression, this book should provide good insights.