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For courses in Business Statistics. A classic text for accuracy and statistical precision. Statistics for Business and Economics enables students to conduct serious analysis of applied problems rather than running simple Â“cannedÂ” applications. This text is also at a mathematically higher level than most business statistics texts and provides students with the knowledge they need to become stronger analysts for future managerial positions. The eighth edition of this book has been revised and updated to provide students with improved problem contexts for learning how statistical methods can improve their analysis and understanding of business and economics.

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Figure-1 illustrates the histogram of hours for 20 students as follows: Stem-and-leaf display: The...From the given information, the mean number of claims per policy can be calculated as follows:...The probability of occurrence of only one event is the mutually exclusive events. For example, one...In general, the mutual fund will not certainly yield the higher return than money market because...

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