# Introductory Business Statistics

(4 reviews)

Thomas K. Tiemann, Elon University

Publisher: BCcampus

Language: English

CC BY

## Reviews

Reviewed by Naima Shifa, Associate Professor, DePauw University on 5/19/23

The book presents the right sequence of topics with a comprehensive description. It starts with the concept of descriptive statistics, then normal distribution, followed by t-distribution, and after that, estimation and hypothesis testing, and so... read more

Reviewed by Jiaxiu He, Assistant Professor, University of Texas at Arlington on 11/23/22

It covers the several fundamental topics of statistics. Each topic is discussed in a concise manner. This textbook focuses more on how to teach students to choose the right method in various situations. I think this serves the need of the... read more

Reviewed by Sang-Phil Kim, Assistant Professor, Winona State University on 8/2/18

The text covers almost all the first introductory business statistics topics. While I agree with the other reviewer, in that the text is not comprehensive in Statistics in general, it would be good enough for the first semester of business... read more

Reviewed by Deb Merrigan, Instructor, Century College on 4/11/17

This textbook does contain a table of contents, but no index or glossary. Unfortunately, it does not cover all areas of statistics. It is designed "to help students understand how statistics works, not just how to "get the right number". In doing... read more

1. Descriptive statistics and frequency distributions

• Descriptive statistics

2. The normal and t-distributions

• Normal things
• The t-distribution

3. Making estimates

• Estimating the population mean
• Estimating the population proportion
• Estimating population variance

4. Hypothesis testing

• The strategy of hypothesis testing

5. The t-test

• The t-distribution

6. F-test and one-way anova

• Analysis of variance (ANOVA)

7. Some non-parametric tests

• Do these populations have the same location? The Mann-Whitney U testTesting with matched pairs: the Wilcoxon signed ranks test.
• Are these two variables related? Spearman's rank correlation

8. Regression basics

• What is regression?
• Correlation and covariance
• Covariance, correlation, and regression

## Ancillary Material

Submit ancillary resource

## About the Book

The book "Introductory Business Statistics" by Thomas K. Tiemann explores the basic ideas behind statistics, such as populations, samples, the difference between data and information, and most importantly sampling distributions. The author covers topics including descriptive statistics and frequency distributions, normal and t-distributions, hypothesis testing, t-tests, f-tests, analysis of variance, non-parametric tests, and regression basics. Using real-world examples throughout the text, the author hopes to help students understand how statistics works, not just how to "get the right number."

## About the Contributors

### Author

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.