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This highly accessible text gives students a solid foundation in traditional inferential statistics with the concepts of quality, variability, and process unifying themes. It covers three important features of data-center, distribution shape, and variation-for processes as well as for populations. The book also explores whether a process is statistically stable and show how analysis of an unstable process can easily lead to incorrect, misleading, and costly decisions. It develops control charts and uses them as a statistical tool to track processes. It also covers the techniques for measuring and understanding variation, and details its effects on costs and quality.
This text investigates the application of inferential statistics to business processes, focusing on how data variability and stability influence organizational decision-making. Mario F. Triola, an established author in the field of statistics, provides a framework that bridges theoretical concepts with practical business applications. The book utilizes data-driven methodologies to demonstrate how understanding distribution and variation prevents costly errors in process management. It serves as a pedagogical resource for students and professionals seeking to master statistical tools in a corporate context.
What You Will Find
Experts and educators frequently cite this text as a foundational resource for students requiring a clear, accessible introduction to business statistics. Readers often note the practical utility of the control chart methodologies provided for real-world process management.
Page Count:
823
Publication Date:
1994-01-01
Publisher:
Addison-wesley Educational Publishers Inc
ISBN-10:
0201589915
ISBN-13:
9780201589917
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