Editorial Review:
Practical Business Statistics, 5/e was written in response to instructors not wanting a formula driven, mathematically encyclopedic book. The use of computer applications means some topics no longer require coverage in detail. This allows future managers to know how to use and understand statistics. The text does this by using examples with real data that relate to the functional areas of business such as finance, accounting, and marketing. It de-emphasizes the theoretical, and presents the material in a well-written, easy style designed to motivate students. The emphasis is on understanding and applications as opposed to mathematical precision and formula detail.
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Customer Reviews
Average Customer Rating: 
Missing item  2008-09-05
The book is great and definitely saved money buying used. However, my book is missing the student CD-ROM which I need for class. That was disappointing.
Great Computer-Based Examples, Just Okay Otherwise  2006-12-29
This book does a great job of teaching you how to do statistical computations using StatPad and MS Excel. But, it is not very good at describing fundamentals. It left students in my MBA program who haven't takin' stats for a long time lost. I understand it is generally used by business schools, particularly MBAs.
One thing this book has over any stats book that I've used is: a friggin' TON of practice questions. It will boggle your mind and, if you do them, you'll know stats like the back of your hand.
Good and gentle introduction to statistics  2006-04-05
Prof. Siegel's book is a great introductory text for business graduates with little prior exposure to statistics. The text covers many of the basic topics in statistics and ties them nicely to real world cases and problems.
The book starts with a description of the basic constructs of statistics - data sets, distributions, and variability. IT follows with an introduction to probability and covers random variables. The text continues to cover statistical inference, confidence intervals, and hypothesis testing. Finally the book gets to regression and time series analysis and demonstrates several applications of the techniques covered.
The book comes with a CD that contains lecture presentations (very useful), all the data sets in the books (saves you typing), and an excel add-on called StatPad that provides many useful statistical tools.
Overall I think that this text is a good choice for MBA students and business professionals with little background in statistics. It is very user-friendly and is well grounded in business.
Mediocre.  2003-06-01
This is not the best book on the subject. There are many other superior books to this one. I still keep it around as a descent reference on statistics, and occasionally get something out of it.
The review of Practical Business Statistics 2000-08-29
It's a very good book because of the way it divulges you into the real world. If you are interested in learning business and business statistics, what better place to learn it than the real world.
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