Robert Stine - Statistics for Business: Decision Making and Analysis
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Decision Making and Analysis
Third Edition
Robert Stine
Wharton School of the University of Pennsylvania
Dean Foster
Emeritus, Wharton School of the University of Pennsylvania
330 Hudson Street, NY NY 10013
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For permission to use copyrighted material, grateful acknowledgment has been made to the copyright holders listed on p. , which is hereby made part of the copyright page.
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Microsoft and Windows are registered trademarks of the Microsoft Corporation in the U.S.A. and other countries. Screen shots and icons reprinted with permission from the Microsoft Corporation. This book is not sponsored or endorsed by or affiliated with the Microsoft Corporation.
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The student edition of this title has been catalogued at the Library of Congress as follows:
Library of Congress Cataloging-in-Publication Data
Names: Stine, Robert A., author. | Foster, Dean P., author.
Title: Statistics for business : decision making and analysis / ROBERT STINE, Wharton School of the University of Pennsylvania, DEAN FOSTER, Wharton School of the University of Pennsylvania.
Description: Third Edition. | Boston : Pearson, 2016. | Revised edition of the authors Statistics for business, 2013. | Includes index.
Identifiers: LCCN 2016016748| ISBN 9780134497167 (hardcover) | ISBN 0134497163 (hardcover)
Subjects: LCSH: Commercial statistics. | Statistics.
Classification: LCC HF1017.S74 2016 | DDC 519.502/465--dc23
LC record available at https://lccn.loc.gov/2016016748
Copyright 2018, 2014, 2011 Pearson Education, Inc. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. Printed in the United States of America. For information regarding permissions, request forms and the appropriate contacts within the Pearson Education Global Rights & Permissions department, please visit http://www.pearsoned.com/permissions/ .
Student Edition:
ISBN-13: 978-0-13-449716-7
ISBN-10: 0-13-449716-3
Robert Stine holds a Ph.D. from Princeton University. He has taught at the Wharton School since 1983, during which time he has regularly taught business statistics. During his tenure, Bob has received a variety of teaching awards, including regularly winning the MBA Core Teaching Award, which is presented to faculty for outstanding teaching of the required curriculum at Wharton. He also received the David W. Hauck Award for Outstanding Teaching, awarded to the most highly rated faculty member teaching in the Wharton undergraduate program. Bob actively consults for industry. His clients include the pharmaceutical firms Merck and Pfizer, and he regularly works with the Federal Reserve Bank of Philadelphia on models for retail credit risk. This collaboration has produced three well-received conferences held at Wharton. His areas of research include computer software, time series analysis and forecasting, and general problems related to model identification and selection. Bob has published numerous articles in research journals, including the Journal of the American Statistical Association, Journal of the Royal Statistical Society, Biometrika, and The Annals of Statistics.
Dean Foster holds a Ph.D. from the University of Maryland. He has taught at the Wharton School since 1992 and previously taught at the University of Chicago. Dean has taught courses in introductory business statistics, probability and Markov chains, statistical computing, and advanced statistics for managers. Deans research areas are statistical inference for stochastic processes, game theory, machine learning, and variable selection. He is published in a wide variety of journals, including The Annals of Statistics, Operations Research, Games and Economic Behaviour, Journal of Theoretical Population Biology, and Econometrica. Currently Senior Principal Scientist at Amazon; Dean Foster is working on big data there, and his goal is to predict the sales of each and every product that Amazon sells.
Bob Stine and Dean Foster (along with Richard Waterman) have co-authored two casebooks: Basic Business Statistics (Springer-Verlag) and Business Analysis Using Regression (Springer-Verlag). These casebooks offer a collection of data analysis examples that motivate and illustrate key ideas of statistics, ranging from standard error to regression diagnostics and time series analysis. They also have collaborated on a number of research articles.
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