The Role Of Statistics In Business And Industry( Series - Wiley Series In Probability And Statistics )

Highlighting the relevance of statistical methods in everyday applications, The Role of Statistics in Business and Industry bridges the gap between the tools of statistics and their use in today's business world. This one-of-a-kind resource encourages the proactive use of statistics in three well-organized and succinct parts:

Setting the Stage provides an introduction to statistics, with a general overview of its uses in business and industry

Manufactured Product Applications explains how statistical techniques assist in designing, building, improving, and ensuring the reliability of a wide variety of manufactured products such as appliances, plastic materials, aircraft engines, and locomotives

Other Applications describe the role of statistics in pharmaceuticals, finance, and business services, as well as more specialized areas including the food, semiconductor, and communications industries

This book is truly unique in that it first describes case studies and key business problems, and then shows how statistics is used to address them, while most literature on the topic does the reverse. This approach provides a comprehensive understanding of common issues and the most effective methods for their treatment. Each chapter concludes with general questions that allow the reader to test their understanding of the presented statistical concepts as well as technical questions that raise more complex issues. An extensive FTP site provides additional material, including solutions to some of the applications.

With its accessible style and real-world examples, The Role ofStatistics in Business and Industry is a valuable supplement for courses on applied statistics and statistical consulting at the upper-undergraduate and graduate levels. It is also an ideal resource for early-career statisticians and practitioners who would like to learn the value of applying statistics to their everyday work.

The Role of Statistics in Business and Industry provides insights, not available elsewhere, into what business and industrial statistics is all about. It prepares students and aspiring statisticians for a career in business and industry, broadens the perspective of those already practicing, and shows non-statisticians the value of using statistics. It supplements other texts by describing key problems that can be addressed by statistics--based on the internationally renowned authors' extensive experience--and then demonstrates the tools to address them successfully.