Business Statistics Abridged, 8th Edition

Managing a business is a very complex responsibility and requires effective management to succeed. Managing complexity requires many skills. there are more competitors, more places to sell products and more places to locate workers. As a consequence, effective decision making is more crucial than ever before. on the other hand, nowadays managers have more access to larger and more detailed data sets that are potential sources of information for making well-informed objective decisions. Business managers are increasingly using statistical techniques to convert data into meaningful information. However, to achieve this, potential managers need to know which statistical techniques they should use to extract useful information from the available data to make informed decisions. For students preparing for the business world, it is not enough to focus merely on mastering a diverse set of statistical techniques and calculations. A course and its recommended textbook must provide a complete picture of statistical concepts and their applications to the real world. Business Statistics – Australia and New Zealand is designed to demonstrate that statistical methods are vital tools for today’s businesses and business managers to improve their decision-making skills.