Introductory Statistics for Business and Economics: Theory, Exercises and Solutions

Description

This textbook discusses central statistical concepts and their use in business and economics. To endure the hardship of abstract statistical thinking, business and economics students need to see interesting applications at an early stage. Accordingly, the book predominantly focuses on exercises, several of which draw on simple applications of non-linear theory. The main body presents central ideas in a simple, straightforward manner; the exposition is concise, without sacrificing rigor. The book bridges the gap between theory and applications, with most exercises formulated in an economic context. Its simplicity of style makes the book suitable for students at any level, and every chapter starts out with simple problems. Several exercises, however, are more challenging, as they are devoted to the discussion of non-trivial economic problems where statistics plays a central part. Front Matter ....Pages i-xiv Descriptive Statistics (Jan Ubøe)....Pages 1-26 Probability (Jan Ubøe)....Pages 27-39 Combinatorics (Jan Ubøe)....Pages 41-53 Conditional Probability (Jan Ubøe)....Pages 55-74 Random Variables, Mean, and Variance (Jan Ubøe)....Pages 75-96 Joint Distributions (Jan Ubøe)....Pages 97-111 Basic Probability Distributions (Jan Ubøe)....Pages 113-157 Estimation (Jan Ubøe)....Pages 159-175 Hypothesis Testing (Jan Ubøe)....Pages 177-200 Commonly Used Tests (Jan Ubøe)....Pages 201-244 Linear Regression (Jan Ubøe)....Pages 245-314 Back Matter ....Pages 315-466