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Statistics in Business, Finance, Management & Information TechnologyDraft Edition v0-25-3June 2019M. E. Kabay, PhD, CISSP-ISSMPProfessor of Computer Information SystemsSchool of Business and ManagementNorwich UniversityFree orwich/qm213/statistics text.pdfCopyright 2019 M. E. Kabay. All rights reserved. statistics text.docx
Statistics in Business, Finance, Management & Information TechnologyPUBLICATION & COPYRIGHT STATEMENTThis work-in-progress is copyright by its author, M. E. Kabay. The material is designed to supportthe author’s QM213 course in the School of Business and Management at Norwich University.Version 0 is published only online as electronic files. The materials may be updated repeatedlyduring any semester; for example, the identifier statistics text v0-x-y.docx in the footer corresponds to the unpublished work (0) in the xth semester of use and the yth versioncreated during that semester.The work will eventually be printed and distributed commercially with all the exercises and questionbanks included electronically for other professors to use and modify easily.PERMISSIONS: This text may be downloaded at no cost for the user. It may even be printed and distributed tostudents at the cost of production. It may not be posted online ANYWHERE other than the author’s Website. It is practicallyimpossible to keep versions up to date when they are scattered across the Internet. UNDER NO CIRCUMSTANCES MAY IT BE SOLD FOR PROFIT. The author would beintensely irritated to find someone ripping people off by selling what he provides free and wouldbecome quite nasty about it. Some creepy people print what’s available free and then sell it onAmazon – without permission. Any such abuse of innocent victims will result in extremely nastylawsuits.Copyright 2019 M. E. Kabay. All rights reserved. statistics text.docx Page 0-2
Statistics in Business, Finance, Management & Information TechnologyDedicationTo my beloved wife, Deborah Naomi Blacklight of my life;and in gratitude to the professorswhose devotion to clarity in teaching statisticsset me on a life-long course of enthusiasmfor the subject:Professor Hugh Tyson,formerly of McGill University,andProfessors Robert R. Sokal z”l (deceased), and F. James Rohlf,both of State University of New York at Stony Brook,authors of the classic 1969 textbook,Biometry, The Principles and Practice of Statistics inBiological Research,now in its Fourth Edition (2012).Copyright 2019 M. E. Kabay. All rights reserved. statistics text.docx Page 0-3
Statistics in Business, Finance, Management & Information TechnologyCondensed Table of ContentsDedication. 0-3Condensed Table of Contents . 0-4Detailed Table of Contents . 0-5Preface .0-9Acknowledgements . 0-131Introduction.1-12Accuracy, Precision, Sources of Data, Representing Data . 2-13Sorting, Backups and Enhanced Tables . 3-14Charts, Histograms, Errors in Graphing. 4-15Cumulative Frequency Distributions, Area under the Curve & Probability Basics . 5-16Descriptive Statistics . 6-17Sampling and Statistical Inference . 7-18Hypothesis Testing . 8-19Analyzing Relationships Among Variables . 9-110Analyzing Frequency Data . 10-11112131415161718Introduction to Minitab. 11-1Multifactorial Analysis. 12-1Assumptions of Parametric Analysis . 13-1Exploratory Data Analysis. 14-1Experimental Design Fundamentals . 15-1Miscellaneous Decision-Support Methods . 16-1Concluding Remarks . 17-1Bibliography . 18-1Copyright 2019 M. E. Kabay. All rights reserved. statistics text.docx Page 0-4
Statistics in Business, Finance, Management & Information TechnologyDetailed Table of Contents1Dedication . 3Condensed Table of Contents. 4Detailed Table of Contents . 5Background . 9Why a “Layered” Introduction? . 10Instant Tests . 10The Importance of Homework. 10Color vs Black-and-White . 11Etymologies . 12Question Authority . 12Acknowledgements .131Introduction. 151.161.171.181.191.201.212Accuracy, Precision, Sources of Data, Representing Data . 12.12.22.32.42.52.61About Applied Statistics . 1Computations in Applied Statistics . 4Why EXCEL as Opposed to Other Statistical Packages?. 4Learning EXCEL . 4Long-Term Goals: A Personal Perspective . 7Using NUoodle . 8SQ3R . 9Counting and Measuring . 10Variables . 11Tables. 12Choosing a Table Layout. 13Transposing Rows and Columns . 14Types of Variables . 16Qualitative / Categorical Data and Nominal Scales . 16Quantitative Data . 16Discontinuous / Discrete Variables . 17Continuous Data. 17Interval Scales. 18Ratio Scales . 18Ordinal Scales: Ranks . 19Identifying the Type of Variable Really Matters to You . 20Accuracy, Precision, and Being Correct . 1Significant Figures . 2Determining Suitable Precision for Statistics . 3Sources of Real Statistical Data . 6Representing Data . 9Presenting Raw Data . 9You may left-click any entry to jump to that page.Copyright 2019 M. E. Kabay. All rights reserved. statistics text.docx Page 0-5
Statistics in Business, Finance, Management & Information Technology3Sorting, Backups and Enhanced Tables . 13.13.23.33.43.53.63.73.83.93.104Sorted Lists . 1Simple Sorting in WORD . 1Simple Sorting in EXCEL. 5Advanced Sorting in EXCEL . 6Mistakes in Sorting . 7Making Backups of Your Work . 8Enhancing the Presentation of Tables . 10WORD Table Tools . 10EXCEL Table Tools . 15Copying EXCEL Tables into a WORD Document . 16Charts, Histograms, Errors in Graphing.
the author’s QM213 course in the School of Business and Management at Norwich University. Version 0 is published only online as electronic files. The materials may
