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Business Statistics Abridged: Australia New Zealand with Student Resource Access for 12 Months : 7th Edition - Antony Selvanathan

Business Statistics Abridged: Australia New Zealand with Student Resource Access for 12 Months

7th Edition

Book with Other Items Published: 18th November 2016
ISBN: 9780170369473
Number Of Pages: 896

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Statistical data analysis is the backbone of sound business decision making, and finding the right tool to analyse a particular business problem is the key. By learning the fundamentals of statistical reasoning and data analysis, you will be on the way to becoming a better manager, analyst or economist.

By providing a framework for solving statistical problems, this seventh Australian and New Zealand edition of Business Statistics teaches skills that you can use throughout your career. The book shows you how to analyse data effectively by focusing on the relationship between the kind of problem you face, the type of data involved and the appropriate statistical technique for solving the problem.

Business Statistics emphasises applications over theory. It illustrates how vital statistical methods and tools are for today's managers and analysts, and how to apply them to business problems using real-world data. Using a proven three-step Identify-Compute-Interpret (ICI) approach to problem solving, the text teaches you how to:

1. IDENTIFY the correct statistical technique by focusing on the problem objective and data type;

2. COMPUTE the statistics doing them by hand and using Excel; and

3. INTERPRET results in the context of the problem.

This unique approach enhances comprehension and practical skills.

The text's vast assortment of data-driven examples, exercises and cases covers the various functional areas of business, demonstrating the statistical applications that marketing managers, financial analysts, accountants, economists and others use. Learning resources such as CourseMate maximise study time to help you achieve the results you want. Completely up-to-date, the seventh edition offers comprehensive coverage, current examples and an increased focus on applications in the real world.

New to this Edition

  • Now featuring online formulae sheets and Excel estimator workbooks

  • Updated throughout with the latest research and examples


About the Author

Selva A. Selvanathan

Selva is Professor in Econometrics and Applied Statistics in the Griffith Business School and Director of BIntBus Program at Griffith University. He is also a Visiting Professor at the Madras School of Economics, Anna University, Chennai, India. Selva has also taught previously at the University of Jaffna (Sri Lanka), Murdoch University (Australia) and The University of Western Australia (Australia) and University of Queensland (Australia). He has held positions such as the Deputy Dean (Staffing), Faculty of International Business, and Deputy Director of the Statistics and Research Design (STARDS) Unit at Griffith University. Selva was educated at the University of Jaffna, University of Bucurest (Romania), The University of Western Australia and Murdoch University (Australia). He is the recipient of several individual and group Excellence in Teaching Awards and has received numerous of competitive teaching and research grants. Selva has published six research monographs and has published widely in international refereed journals such as Journal of Econometrics, Review of Economics and Statistics, Journal of Business and Economic Statistics, Review of Economics Studies and Marketing Science, and several book chapters. Currently Selva coordinates the OUA Business Statistics units, which are administered by Griffith Uni.

Saroja Selvanathan

Saroja is Professor in Econometrics in the Department of Accounting, Finance and Economics, Griffith University, a Visiting Professor at the Madras School of Economics, Anna University, Chennai, India, and Research Higher Degrees Convenor, Economics and Business Statistics, at Griffith University. She has also held positions such as Deputy Dean (Research) in the Faculty of Commerce and Administration, the Director of the Statistics and Research Design (STARDS) Unit and the Head of the Economics and Business Statistics Discipline at Griffith University. She has also taught previously at the University of Jaffna (Sri Lanka), Murdoch University (Australia) and The University of Western Australia. Saroja was educated at the University of Jaffna, Murdoch University and The University of Western Australia, and has published several research monographs and research papers in international refereed journals such as the Review of Economics and Statistics, Transportation Research and Economics Letters, and book chapters. Saroja was the recipient of 2005 Excellence in Teaching Award for innovation across the institution for teaching statistics to postgraduate students.


1. What is statistics?

Appendix 1 A Introduction to Microsoft Excel

2. Type of data, data collection and sampling



Part 1: Descriptive measures and probability

3. Graphical descriptive methods – Nominal Data

4. Graphical descriptive methods – Numerical Data

5. Numerical descriptive measures

Appendix 5 Summation Notation

6. Probability

7. Random variables and discrete probability distributions

8. Continuous probability distributions



Part 2: Statistical Inference

9. Statistical inference: introduction

10. Sampling distributions

11. Estimation: describing a single population

12. Estimation: comparing two populations

13. Hypothesis testing: describing a single population

Appendix 13 Excel instructions

14. Hypothesis testing: comparing two populations

Appendix 14 Excel instructions

15. Inference about population variances

16. Analysis of Variance

17. Additional tests for nominal data: Chi-squared tests

18. Simple linear regression and correlation

19. Multiple regression

20. Model building

21. Nonparametric techniques

22. Statistical inference: Conclusion



Part 3: Applications

23. Time series analysis and forecasting

24. Index numbers

25. Decision analysis – online chapter

Appendix A - Summary of solutions for selected exercises

Appendix B: Tables

ISBN: 9780170369473
ISBN-10: 0170369471
Audience: Tertiary; University or College
Format: Book with Other Items
Language: English
Number Of Pages: 896
Published: 18th November 2016
Publisher: Cengage Learning Australia
Country of Publication: AU
Dimensions (cm): 27.5 x 21.2  x 2.8
Weight (kg): 1.7
Edition Number: 7
Edition Type: Revised

Earn 241 Qantas Points
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