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Complete Business Statistics by Amir D. Aczel and Jayavel Sounderpandian: A Comprehensive Textbook for Business Students
Business statistics is a branch of applied mathematics that deals with the collection, analysis and interpretation of data for decision making in various fields of business. Business statistics can help managers and entrepreneurs to understand the market trends, customer preferences, product quality, operational efficiency, risk management and more.
One of the most popular and widely used textbooks for business statistics is Complete Business Statistics by Amir D. Aczel and Jayavel Sounderpandian. The book was first published in 1989 and has gone through eight editions since then. The latest edition was published in 2009 by McGraw-Hill Higher Education.
The book covers all the topics that are essential for a business statistics course, such as descriptive statistics, probability, random variables, sampling distributions, confidence intervals, hypothesis testing, analysis of variance, regression, correlation, time series, index numbers, nonparametric methods and more. The book also includes many real-world examples and case studies that illustrate the applications of statistical methods in various business scenarios.
The book is praised for its quality of presentation and the richness of problem sets that are realistic, stimulating and challenging. The book also incorporates the most current uses of technology in business statistics, such as Excel, Minitab, SPSS and SAS. The book provides templates and tutorials for using these software tools to perform statistical analysis.
The book is suitable for undergraduate and graduate students who are taking a business statistics course or who want to learn more about the subject on their own. The book assumes that the readers have some basic knowledge of algebra and calculus. The book also provides a review of these mathematical concepts in the appendix.
The book is available in both print and digital formats. The print version has 877 pages and costs $36 USD on Amazon.com. The digital version is available as a PDF file that can be downloaded from Google Docs[^1^] or Academia.edu[^3^]. The PDF file has 36 chapters and 1018 pages.
Complete Business Statistics by Amir D. Aczel and Jayavel Sounderpandian is a comprehensive textbook that covers all the aspects of business statistics in a clear and engaging way. It is a valuable resource for anyone who wants to learn how to use statistical methods to make better decisions in business.
The book has received many positive reviews from readers and instructors who have used it for learning or teaching business statistics. Some of the common praises for the book are:
It provides a clear and concise explanation of the statistical concepts and methods.
It uses real-world data and examples to illustrate the relevance and applicability of statistics in business.
It offers a variety of exercises and problems that test the understanding and skills of the readers.
It integrates the use of spreadsheet software such as Excel, Minitab, SPSS and SAS to perform statistical analysis and present the results.
It covers both basic and advanced topics in business statistics, such as nonparametric methods, time series, index numbers and quality control.
However, some readers have also pointed out some drawbacks or limitations of the book, such as:
It contains some errors or typos in the text, formulas or answer keys that may confuse or mislead the readers.
It is not very mathematical or rigorous in its proofs or derivations of some concepts or formulas.
It is too expensive or bulky for a textbook.
Overall, Complete Business Statistics by Amir D. Aczel and Jayavel Sounderpandian is a well-written and comprehensive textbook that covers all the aspects of business statistics in a clear and engaging way. It is a valuable resource for anyone who wants to learn how to use statistical methods to make better decisions in business. aa16f39245