Statistics, Data Analysis, and Decision Modeling (Paperback)

~ James R Evans (Author), David L Olson (Author), David L Olsen (Author)

Editorial Reviews

Product Description

This book covers basic concepts of business statistics, data analysis, and management science in a spreadsheet environment. Practical applications are emphasized throughout the book for business decision-making; a comprehensive database is developed, with marketing, financial, and production data already formatted on Excel worksheets. This shows how real data is used and decisions are made. Using Excel as the basic software, and including such add-ins as PHStat2, Crystal Ball, and TreePlan, this book covers a wide variety of topics related to business statistics: statistical thinking in business; displaying and summarizing data; random variables; sampling; regression analysis; forecasting; statistical quality control; risk analysis and Monte-Carlo simulation; systems simulation modeling and analysis; selection models and decision analysis; optimization modeling; and solving and analyzing optimization models. For those employed in the fields of quality control, management science, operations management, statistical science, and those who need to interpret data to make informed business decisions.

From the Back Cover

This book covers basic concepts of business statistics, data analysis, and management science in a spreadsheet environment. Practical applications are emphasized throughout the book for business decision-making; a comprehensive database is developed, with marketing, financial, and production data already formatted on Excel worksheets. This shows how real data is used and decisions are made. Using Excel as the basic software, and including such add-ins as PHStat2, Crystal Ball, and TreePlan, this book covers a wide variety of topics related to business statistics: statistical thinking in business; displaying and summarizing data; random variables; sampling; regression analysis; forecasting; statistical quality control; risk analysis and Monte-Carlo simulation; systems simulation modeling and analysis; selection models and decision analysis; optimization modeling; and solving and analyzing optimization models. For those employed in the fields of quality control, management science, operations management, statistical science, and those who need to interpret data to make informed business decisions.

Product Details

• Paperback: 512 pages
• Publisher: Prentice Hall; 2 edition (July 15, 2002)
• Language: English
• ISBN-10: 0130675539
• ISBN-13: 978-0130675538
• Product Dimensions: 9.8 x 8 x 0.8 inches
• Shipping Weight: 1.9 pounds
• Average Customer Review: 2.0 out of 5 stars  See all reviews (2 customer reviews)
• Amazon.com Sales Rank: #1,062,434 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

7 of 9 people found the following review helpful:

2.0 out of 5 stars Covers points, but neither in a clear or concise manner., March 18, 2005

By	Jeremy A. Margolis "Zombie Lover." (Buffalo Grove, IL.) - See all my reviews (REAL NAME)

This review is from: Statistics, Data Analysis, and Decision Modeling (Paperback)

If you're looking for a clear, easy to understand work, this is not for you. It seems the author fluctuates between writing for a population that is well versed in statistical understanding, to one that is just learning concepts and terms. The reader ends up being tossed around with too much information at times, and at other times too little information. There are many, many better works on these topics.

1 of 1 people found the following review helpful:

2.0 out of 5 stars Not A Great Book, Very Difficult to Read, October 23, 2008

By	mba_student (Birmingham, AL USA) - See all my reviews

This review is from: Statistics, Data Analysis, and Decision Modeling and Student CD (3rd Edition) (Paperback)

I am using the book now for my graduate MBA level Stats class and it is far from easy to understand. The text is difficult to read and equations are not adequately explained.

The CD which is included would be great, but you can't use it if you have Vista as your operating system. I ended up having to install trials of the software, which have expired and my class is not over.

I do not recommend this text for anyone who truly wants to delve into the material. With this book, you won't be able to do so.