Presentation is loading. Please wait.

Presentation is loading. Please wait.

Practical Business Statistics Sixth Edition by Andrew F. Siegel Published by Elsevier / Academic Press.

Similar presentations


Presentation on theme: "Practical Business Statistics Sixth Edition by Andrew F. Siegel Published by Elsevier / Academic Press."— Presentation transcript:

1 Practical Business Statistics Sixth Edition by Andrew F. Siegel Published by Elsevier / Academic Press

2

3 Outline Why I chose to write this book My background General themes Selected examples Chapter projects and the writing chapter Conclusion and Summary

4 Outline Why I chose to write this book My background General themes Selected examples Chapter projects and the writing chapter Conclusion and Summary

5 Why did I Write this Book? For the students! To make statistical methods more accessible to them by using many real data examples Student motivation is everything (almost) My goal: to make statistics as simple as possible without sacrificing technical correctness

6 Outline Why I chose to write this book My background General themes Selected examples Chapter projects and the writing chapter Conclusion and Summary

7 My Academic Background Now at University of Washingtons Foster School of Business and Statistics Department Ph.D. in Statistics from Stanford while studying both theory and data analysis Also: University of Wisconsin and Harvard Worked with John Tukey at Princeton (he created exploratory data analysis) Published extensively in statistics, biotechnology, and finance

8 My Business Background Shoveling snow as a child Consultant in advertising, portfolios, biotechnology, elections, and manufacturing Serve on a corporate board Maintain a sole proprietorship Helps me understand why business people need probability and statistics!

9 Outline Why I chose to write this book My background General themes Selected examples Chapter projects and the writing chapter Conclusion and Summary

10 General Themes Lots of examples! – Real business data from finance, accounting, advertising,... Writing style: how to think about a topic, how it works, what it implies, how it is useful – Traditional methods and new insights Extra material to help the student – Chapter summaries, key words, glossary, extensive index, PowerPoint slides, Excel Guide

11 Outline Why I chose to write this book My background General themes Selected examples Chapter projects and the writing chapter Conclusion and Summary

12 Histograms and Bar Charts To help students distinguish the histogram from the simple bar chart, for the data here is the example from page 39 of the Histograms Chapter (Chapter 3) which also mentions the advantage of the histogram for larger data sets.

13 Histogram, Box Plot, and CDF To compare and contrast these three basic exploratory charts, here is the example from page 83 of Chapter 4 on Landmark Summaries.

14 Probability Trees Probability is less mysterious to students when there is a visual framework, as shown here in the example from page 144 of Chapter 6.

15 PowerPoint Slides for Your Teaching

16

17

18 Hypothesis Testing Hypothesis testing is more intuitive when the confidence interval method is used (as shown here from pages 253-254 of Chapter 10). The traditional t-statistic is also presented in detail.

19 Bivariate Data Examples Relationships and regression are powerful business concepts. Here are a couple of the examples from Chapter 11 on Bivariate Data (pages 295 and 308).

20 Magazine Ads and Multiple Regression The cost of advertising can be explained, in part, by magazine characteristics such as audience size and income level in this example that is used to illustrate the power of multiple regression in business, from Chapter 12.

21 Excel Guide The Excel Guide goes step-by-step through, chapter by chapter, to show students how Excel can be used to obtain statistical results. Here is the scatterplot example from page 82 of the Excel Guide.

22 Outline Why I chose to write this book My background General themes Selected examples Chapter projects and the writing chapter Conclusion and Summary

23 Chapter Projects The project, in most chapters, gives students a chance to apply the lesson to a business area of their own choosing. Data might come from the Internet or from their own company Helps with motivation Helps with communications skills

24 The Writing Chapter (Chapter 13) Explains how to communicate – the results of a multiple regression In business, analysis is not enough. – The ability to communicate is a key skill! The writing process is explained step-by-step – with a full example of a sample report The chapter project might be used as the end- of-semester assignment

25 Outline Why I chose to write this book My background General themes Selected examples Chapter projects and the writing chapter Conclusion and Summary

26 A book that helps and motivates students: – Many real business examples with illustrations – Clear, direct explanations of how and why Intuition, methods, and foundations – Extra resources: Chapter summaries, key words, glossary, extensive index Questions, problems, database exercises, cases, projects PowerPoint slides, Excel Guide, and Instructors Manual

27 Thank you! Wishing you a successful teaching experience, Practical Business Statistics, Sixth Edition, Andrew F. Siegel (Andy) and Elsevier, Inc.


Download ppt "Practical Business Statistics Sixth Edition by Andrew F. Siegel Published by Elsevier / Academic Press."

Similar presentations


Ads by Google