Statistics For Making Decisions


Statistics For Making Decisions
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Statistics For Making Decisions


Statistics For Making Decisions
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Author : Nicholas T. Longford
language : en
Publisher: CRC Press
Release Date : 2021-03-30

Statistics For Making Decisions written by Nicholas T. Longford and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-30 with Mathematics categories.


Making decisions is a ubiquitous mental activity in our private and professional or public lives. It entails choosing one course of action from an available shortlist of options. Statistics for Making Decisions places decision making at the centre of statistical inference, proposing its theory as a new paradigm for statistical practice. The analysis in this paradigm is earnest about prior information and the consequences of the various kinds of errors that may be committed. Its conclusion is a course of action tailored to the perspective of the specific client or sponsor of the analysis. The author’s intention is a wholesale replacement of hypothesis testing, indicting it with the argument that it has no means of incorporating the consequences of errors which self-evidently matter to the client. The volume appeals to the analyst who deals with the simplest statistical problems of comparing two samples (which one has a greater mean or variance), or deciding whether a parameter is positive or negative. It combines highlighting the deficiencies of hypothesis testing with promoting a principled solution based on the idea of a currency for error, of which we want to spend as little as possible. This is implemented by selecting the option for which the expected loss is smallest (the Bayes rule). The price to pay is the need for a more detailed description of the options, and eliciting and quantifying the consequences (ramifications) of the errors. This is what our clients do informally and often inexpertly after receiving outputs of the analysis in an established format, such as the verdict of a hypothesis test or an estimate and its standard error. As a scientific discipline and profession, statistics has a potential to do this much better and deliver to the client a more complete and more relevant product. Nicholas T. Longford is a senior statistician at Imperial College, London, specialising in statistical methods for neonatal medicine. His interests include causal analysis of observational studies, decision theory, and the contest of modelling and design in data analysis. His longer-term appointments in the past include Educational Testing Service, Princeton, NJ, USA, de Montfort University, Leicester, England, and directorship of SNTL, a statistics research and consulting company. He is the author of over 100 journal articles and six other monographs on a variety of topics in applied statistics.



Business Statistics


Business Statistics
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Author : David F. Groebner
language : en
Publisher: Prentice Hall
Release Date : 2008

Business Statistics written by David F. Groebner and has been published by Prentice Hall this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Business & Economics categories.


This comprehensive, user-friendly reference explores many descriptive and inferential statistical topics integral to business problem solving and decision making. Chapter topics include data collection; graphs, charts, and tables; probability distributions; sampling distributions; estimating population values; hypothesis testing; quality management and statistical process control; linear regression and correlation analysis; model building and multiple regression analysis; and nonparametric statistics. For business professionals involved in data presentations and descriptive analyses.



Statistical Analysis For Managerial Decisions


Statistical Analysis For Managerial Decisions
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Author : John C. G. Boot
language : en
Publisher:
Release Date : 1970

Statistical Analysis For Managerial Decisions written by John C. G. Boot and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1970 with Decision making categories.


Textbook on statistical methods used in solving problems prior to decision making in management - covers problems of sampling, estimation, hypothesis testing, regression and correlation, forecasting, statistical methods for quality control, etc., and includes an appendix on the use of computers in statistical analysis. Bibliography pp. 627 to 631.



Statistical Analysis For Decision Making


Statistical Analysis For Decision Making
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Author : Morris Hamburg
language : en
Publisher: Houghton Mifflin Harcourt P
Release Date : 1970

Statistical Analysis For Decision Making written by Morris Hamburg and has been published by Houghton Mifflin Harcourt P this book supported file pdf, txt, epub, kindle and other format this book has been release on 1970 with Business & Economics categories.


Elementary probability theory; Discrete random variables and probability distributions; Empirical frequency distributions; Theoretical frequency distributions; Statistical investigations and sampling; Sampling distributions; Statistical decision procedures - hypothesis testing; Statistical decision procedures - estimation; Chi-square tests and analysis of variance; Regression and correlation analysis; Time series; Index numbers; Decision making using prior information; Decision making using both prior and sample information; Decision making - devising optimal strategies prior to sampling; Sequential decision - making procedures; Comparison of classical statistical inference and bayesian decision theory.



Statistics For Business Decision Making And Analysis


Statistics For Business Decision Making And Analysis
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Author : Robert A. Stine
language : en
Publisher: Pearson Higher Ed
Release Date : 2014-05-23

Statistics For Business Decision Making And Analysis written by Robert A. Stine and has been published by Pearson Higher Ed this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-23 with Business & Economics categories.


Were you looking for the book with access to MyStatLab? This product is the book alone, and does NOT come with access to MyStatLab. Buy the book and access card package to save money on this resource. In Statistics for Business: Decision Making and Analysis, authors Robert Stine and Dean Foster of the University of Pennsylvania’s Wharton School, take a sophisticated approach to teaching statistics in the context of making good business decisions. The authors show students how to recognize and understand each business question, use statistical tools to do the analysis, and how to communicate their results clearly and concisely. In addition to providing cases and real data to demonstrate real business situations, this text provides resources to support understanding and engagement. A successful problem-solving framework in the 4-M Examples (Motivation, Method, Mechanics, Message) model a clear outline for solving problems, new What Do You Think questions give students an opportunity to stop and check their understanding as they read, and new learning objectives guide students through each chapter and help them to review major goals. Software Hints provide instructions for using the most up-to-date technology packages. The Second Edition also includes expanded coverage and instruction of Excel® 2010 and the XLSTAT™ add-in. The MyStatLab™ course management system includes increased exercise coverage with the Second Edition, along with 100% of the You Do It exercises and a library of 1,000 Conceptual Questions that require students to apply their statistical understanding to conceptual business scenarios. Business Insight Videos show students how statistical methods are used by real businesses, and new StatTalk Videos present statistical concepts through a series of fun, brief, real-world examples. Technology tutorial videos at the exercise level support software use.



Introduction To Statistical Decision Theory


Introduction To Statistical Decision Theory
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Author : Silvia Bacci
language : en
Publisher: CRC Press
Release Date : 2019-07-11

Introduction To Statistical Decision Theory written by Silvia Bacci and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-07-11 with Mathematics categories.


Introduction to Statistical Decision Theory: Utility Theory and Causal Analysis provides the theoretical background to approach decision theory from a statistical perspective. It covers both traditional approaches, in terms of value theory and expected utility theory, and recent developments, in terms of causal inference. The book is specifically designed to appeal to students and researchers that intend to acquire a knowledge of statistical science based on decision theory. Features Covers approaches for making decisions under certainty, risk, and uncertainty Illustrates expected utility theory and its extensions Describes approaches to elicit the utility function Reviews classical and Bayesian approaches to statistical inference based on decision theory Discusses the role of causal analysis in statistical decision theory



Introduction To Statistical Decision Theory


Introduction To Statistical Decision Theory
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Author : John Winsor Pratt
language : en
Publisher: MIT Press
Release Date : 1995

Introduction To Statistical Decision Theory written by John Winsor Pratt and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Business & Economics categories.


They then examine the Bernoulli, Poisson, and Normal (univariate and multivariate) data generating processes.



Business Statistics


Business Statistics
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Author : Richard A. Johnson
language : en
Publisher:
Release Date : 1997

Business Statistics written by Richard A. Johnson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business & Economics categories.


This book helps readers understand the reasoning by which findings from sample data can be extended to general conclusions to solve business problems. It discusses statistical methods and includes an explanation of their underlying assumptions and the dangers of ignoring them. It emphasizes the use of computers for calculations and provides numerous data sets and computer outputs.



Business Statistics


Business Statistics
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Author : Richard Arnold Johnson
language : en
Publisher:
Release Date : 2003

Business Statistics written by Richard Arnold Johnson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Decision making categories.




Business Statistics


Business Statistics
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Author : Ken Black
language : en
Publisher: Wiley Global Education
Release Date : 2020-05-07

Business Statistics written by Ken Black and has been published by Wiley Global Education this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-05-07 with Business & Economics categories.


Business Statistics continues the tradition of presenting and explaining the wonders of business statistics through a clear, complete, student-friendly pedagogy. In this 10th edition, author Ken Black uses current real-world data to equip students with the business analytics techniques and quantitative decision-making skills required to make smart decisions in todayï¿1?2s workplace.