Berenson O’Brien
Levine
Szabat
Jayne
Watson
Basic
BUSINESS
Business
Statistics
Concepts and Applications
4TH EDITION
Copyright © Pearson Australia (a division of Pearson Australia Group Pty Ltd) 2016—9781486018956—Berenson/Basic Business Statistics 4e
Basic
Business
Statistics
Concepts and Applications
4TH EDITION
Copyright © Pearson Australia (a division of Pearson Australia Group Pty Ltd) 2016—9781486018956—Berenson/Basic Business Statistics 4e
This page intentionally left blank.This page intentionally left blank.
BUSINESS
Basic
Business
Statistics
Concepts and Applications
4TH EDITION
Berenson Levine Szabat O’Brien Jayne Watson
Copyright © Pearson Australia (a division of Pearson Australia Group Pty Ltd) 2016—9781486018956—Berenson/Basic Business Statistics 4e
Copyright © Pearson Australia (a division of Pearson Australia Group Pty Ltd) 2016
Pearson Australia
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Authorised adaptation from the United States edition entitled Basic Business Statistics, 13th edition, ISBN 0321870026 by Berenson,
Mark L.; Levine, David M.; Szabat, Kathryn A., published by Pearson Education, Inc., Copyright © 2015.
Fourth adaptation edition published by Pearson Australia Group Pty Ltd, Copyright © 2016
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Cataloguing-in-Publication Data
Berenson, Mark L., author.
Basic business statistics : concepts and applications /
Mark L. Berenson, David M. Levine,Kathryn A. Szabat,
Martin O’Brien,Nicola Jayne, Judith Watson.
4th edition
9781486018956 (paperback)
9781486019410 (Vital Source)
Includes index.
Commercial statistics.
Business mathematics.
Statistics.
Creator:
Title:
Edition:
ISBN:
ISBN:
Notes:
Subjects:
Other Creators/Contributors:
Dewey Number: 519.5
Levine, David M., 1946– author.
Szabat, Kathryn A., author.
O’Brien, Martin, author.
Jayne, Nicola, author.
Watson, Judith, 1956– author.
Every effort has been made to trace and acknowledge copyright. However, should any infringement have occurred, the publishers tender
their apologies and invite copyright owners to contact them.
Copyright © Pearson Australia (a division of Pearson Australia Group Pty Ltd) 2016—9781486018956—Berenson/Basic Business Statistics 4e
brief contents
Preface
Acknowledgements
How to use this book
About the authors
PART 1
PRESENTING AND DESCRIBING INFORMATION
Introduction and data collection
1
2 Presenting data in tables and charts
3 Numerical descriptive measures
PART 2 MEASURING UNCERTAINTY
4 Basic probability
5 Some important discrete probability distributions
6 The normal distribution and other continuous distributions
7 Sampling distributions
PART 3
DRAWING CONCLUSIONS ABOUT POPULATIONS BASED
ONLY ON SAMPLE INFORMATION
8 Confidence interval estimation
9 Fundamentals of hypothesis testing: One-sample tests
10 Hypothesis testing: Two-sample tests
11 Analysis of variance
x
xi
xii
xvii
2
20
58
111
141
171
204
243
278
320
360
PART 4
DETERMINING CAUSE AND MAKING RELIABLE FORECASTS
12 Simple linear regression
13 Introduction to multiple regression
14 Time-series forecasting and index numbers
15 Chi-square tests
410
459
499
564
PART 5
FURTHER TOPICS IN STATS
608
16 Multiple regression model building
17 Decision making
635
18 Statistical applications in quality and productivity management 659
693
19 Further non-parametric tests
Appendices A to F
Glossary
Index
A-1
G-1
I-1
Copyright © Pearson Australia (a division of Pearson Australia Group Pty Ltd) 2016—9781486018956—Berenson/Basic Business Statistics 4e
detailed contents
PA R T 1
PRESENTING AND DESCRIBING
INFORMATION
1 Introduction and data collection
1.1 Basic concepts of statistics
1.2
The growth of statistics and information
technology
1.3 Collecting data
Types of variables
1.4
Summary
Key terms
Chapter review problems
Appendix 1 Introduction to using Microsoft
Windows and Excel
2 Presenting data in tables and charts
Tables and charts for categorical data
2.1
2.2 Organising numerical data
2.3
Tables and graphs for numerical data
2.4 Cross-tabulations
2.5 Scatter diagrams and time-series plots
2.6 Misusing graphs and ethical issues
Summary
Key terms
Chapter review problems
Appendix 2 Using statistical software for tables
and charts
3 Numerical descriptive measures
3.1 Measures of central tendency, variation
and shape
3.2 Numerical descriptive measures for a
population
3.3 Calculating numerical descriptive measures
from a frequency distribution
Five-number summary and box-and-whisker
plots
3.4
3.5 Covariance and the coefficient of correlation
3.6
Pitfalls in numerical descriptive measures
and ethical issues
Summary
Key formulas
Key terms
Chapter review problems
Appendix 3 Using statistical software for
descriptive statistics
End of Part 1 problems
PA R T 2
MEASURING UNCERTAINTY
4 Basic probability
4.1 Basic probability concepts
4.2 Conditional probability
4.3 Bayes’ theorem
4.4 Counting rules
Ethical issues and probability
4.5
Summary
Key formulas
Key terms
Chapter review problems
Appendix 4 Using statistical software for
basic probability
5 Some important discrete probability
distributions
5.1
Probability distribution for a discrete
random variable
5.2 Covariance and its application in finance
5.3 Binomial distribution
Poisson distribution
5.4
5.5 Hypergeometric distribution
5.6
(Online Topic) Using the poisson
distribution to approximate the binomial
distribution
Summary
Key formulas
Key terms
Chapter review problems
Appendix 5 Using statistical software for discrete
probability distributions
6 The normal distribution and other
continuous distributions
6.1 Continuous probability distributions
6.2
The normal distribution
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Copyright © Pearson Australia (a division of Pearson Australia Group Pty Ltd) 2016—9781486018956—Berenson/Basic Business Statistics 4e
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6.3
6.4
6.5
6.6
Evaluating normality
The uniform distribution
The exponential distribution
The normal approximation to the binomial
distribution
Summary
Key formulas
Key terms
Chapter review problems
Appendix 6 Using statistical software for
continuous probability distributions
7 Sampling distributions
7.1 Sampling distributions
7.2 Sampling distribution of the mean
7.3 Sampling distribution of the proportion
7.4
Types of survey sampling methods
Evaluating survey worthiness
7.5
Summary
Key formulas
Key terms
Chapter review problems
Appendix 7 Using statistical software for
sampling distributions
End of Part 2 problems
PA R T 3
DRAWING CONCLUSIONS ABOUT
POPULATIONS BASED ONLY ON
SAMPLE INFORMATION
8 Confidence interval estimation
8.1 Confidence interval estimation for the mean
(σ known)
8.2 Confidence interval estimation for the mean
(σ unknown)
8.3 Confidence interval estimation for the
proportion
8.4 Determining sample size
8.5 Applications of confidence interval
estimation in auditing
8.6 More on confidence interval estimation
and ethical issues
Summary
Key formulas
Key terms
Chapter review problems
9.4
9.5
9.6
9.7
t test of hypothesis for the mean
(σ unknown)
Z test of hypothesis for the proportion
The power of a test
Potential hypothesis-testing pitfalls and
ethical issues
Summary
Key formulas
Key terms
Chapter review problems
Appendix 9 Using statistical software for
one-sample tests of hypothesis
10 Hypothesis testing: Two-sample tests
10.1 Comparing the means of two independent
populations
10.2 Comparing the means of two related
populations
10.3 F test for the difference between two
variances
10.4 Comparing two population proportions
Summary
Key formulas
Key terms
Chapter review problems
Appendix 10 Using statistical software for
two-sample tests
249
11 Analysis of variance
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258
264
271
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273
11.1 The completely randomised design:
One-way analysis of variance
11.2 The randomised block design
11.3 The factorial design: Two-way analysis
of variance
Summary
Key formulas
Key terms
Chapter review problems
Appendix 11 Using statistical software for ANOVA
End of Part 3 problems
Detailed Contents vii
Appendix 8 Using statistical software for
confidence intervals and sample size
determination
277
9 Fundamentals of hypothesis testing:
One-sample tests
9.1 Hypothesis-testing methodology
278
279
Z test of hypothesis for the mean (σ known) 285
292
9.3 One-tail tests
9.2
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Copyright © Pearson Australia (a division of Pearson Australia Group Pty Ltd) 2016—9781486018956—Berenson/Basic Business Statistics 4e