Introductory Business Statistics with Interactive Spreadsheets - 1st Canadian Edition
Mohammad Mahbobi, Thompson Rivers University
Thomas K. Tiemann, Elon University
Copyright Year: 2010
Conditions of Use
This textbook has an index. However, since this was an adaption of an early textbook, one would expect improvements in providing the student with both an index and a glossary. This did not happen. The textbook has obviously been written for a... read more
This textbook has an index. However, since this was an adaption of an early textbook, one would expect improvements in providing the student with both an index and a glossary. This did not happen. The textbook has obviously been written for a specific university course and does not cover all areas of statistics. The textbook has improved upon providing numerous examples for a better understanding of statistics with real-world experience using interactive spreadsheets.
As with the original textbook. this adaption remains relatively free of errors and appears to be accurate and unbiased.
The content is as up-to-date as any statistics textbook can be. While the textbook was updated to reference Canadian concepts and examples, the examples all appear to be relative to all populations. The original textbook was written in 2010, this adaption was written in 2015. The text provides interactive Excel spreadsheets. While the spreadsheets may be useful for showing a student how a concept works, one would expect instructions on how to use Excel to actually compute these tests.These are not supplied. Because of this, I would expect the life of the textbook to be short lived.
The textbook is written in a clear and concise manner. The student should be able to feel as if the author is discussing the concepts with him or her directly. While all statistical textbooks use technical language, the author explains each of these in simple language which should help the student learn about statistics. The use of the interactive spreadsheets, when used, provide clarity for the various examples.
All chapters of the textbook show consistency in both terminology and within the framework used. Each new term is identified within the chapter with an explanation which follows. While the author explains the different terminology well, I would have liked to have seen a glossary of the terms and explanations at the end of the textbook. As in the original textbook, the student is introduced to several people from Foothill Mills. Foothill Mills is used throughout the textbook to provide explanations and clarity to real-life statistical situations. Using Foothill Mills consistently throughout the textbook allows the student to learn about new situations without learning about a new company, people, etc.
Each chapter is a module within itself and can be used in any order that would make sense to the professor. Subheadings within each chapter are prevalent and as a general rule, large chunks of text are broken down into readable self-contained sections.
While I would have liked to have seen more about descriptive statistics in the beginning, overall the flow of the textbook is provided in a logical and clear fashion. While many of the topics are tied together throughout the textbook, I would have liked to have seen a final chapter with a review of Foothill Mills and the issues discussed throughout the textbook as a review of the statistics presented within each chapter.
In the original textbook, several instances had formulas following across two pages. The adaption has corrected many of these issues. The web version has links embedded within each chapter for the interactive spreadsheets, and shows the actual spreadsheet within each chapter. The pdf version refers you to the appendix to even view the spreadsheet. I would have liked the pdf version to have the spreadsheet shown within the chapter and have the link for the interactive spreadsheet readily available also. In a nutshell, the web version is what students should use to reduce confusion.
Upon the first reading of the textbook, no obvious grammatical errors were found.
The adaption has changed all the information presented and the examples have "been revised to reflect Canadian content." While this may be true, I believe anyone from any culture would find no offense in any of the information and examples used throughout the textbook.
I believe many will skip over the textbook and not give it the review it should have. As I expected, statistics in Canada are no different form the statistics we teach in the United States. It is a shame that the textbook was titled as the "1st Canadian Edition," even though I understand the reasoning for this title.
Table of Contents
- Chapter 1. Descriptive Statistics and Frequency Distributions
- Chapter 2. The Normal and t-Distributions
- Chapter 3. Making Estimates
- Chapter 4. Hypothesis Testing
- Chapter 5. The t-Test
- Chapter 6. F-Test and One-Way ANOVA
- Chapter 7. Some Non-Parametric Tests
- Chapter 8. Regression Basics
About the Book
Introductory Business Statistics with Interactive Spreadsheets – 1st Canadian Edition is an adaptation of Thomas K. Tiemann's book, Introductory Business Statistics. This new edition still contains the basic ideas behind statistics, such as populations, samples, the difference between data and information, and sampling distributions as well as information on descriptive statistics and frequency distributions, normal and t-distributions, hypothesis testing, t-tests, f-tests, analysis of variance, non-parametric tests, and regression basics. New topics include the chi-square test and categorical variables, null and alternative hypotheses for the test of independence, simple linear regression model, least squares method, coefficient of determination, confidence interval for the average of the dependent variable, and prediction interval for a specific value of the dependent variable.
This new edition also allows readers to learn the basic and most commonly applied statistical techniques in business in an interactive way — when using the web version — through interactive Excel spreadsheets. For each topic, a customized interactive template has been created within which selected values can be repeatedly changed to observe how the entire process, as well as the outcomes, are automatically adjusted.
Also, in this adapted edition, the real-world examples throughout the text, and the information in general, have been revised to reflect Canadian content.
About the Contributors
Mohammad Mahbobi is a faculty of Economics at the School of Business and Economics, Thompson Rivers University (TRU) in British Columbia, Canada. He earned a B.Sc. in Economics, and a MSc. in Economic Systems Analysis from Shahid Beheshti University (formerly known as National University of Iran), and a Ph.D. from University of Saskatchewan, Canada. For over 25 years, he has been teaching statistics and econometrics for Economics and Business students.
Thomas K.Tiemann is Jefferson Pilot Professor of Economics at Elon University in North Carolina, USA. He earned an AB in Economics at Dartmouth College and a PhD at Vanderbilt University. He has been teaching basic business and economics statistics for over 30 years, and tries to take an intuitive approach, rather than a mathematical approach, when teaching statistics. He started working on this book 15 years ago, but got sidetracked by administrative duties. He hopes that this intuitive approach helps students around the world better understand the mysteries of statistics.