5 of 5 people found the following review helpful
on 19 September 2011
This was the required reading for a postgrad business statistics course. When compared to other books on the subject, this is quite user-friendly and easy to read, although some knowledge of statistics and proficiency in using Excel would be helpful. This edition came with an access code to resources at Cengage's website, including the excel add-ins of Palisade decision tools softwares, problems, examples, and cases.
The theory is, more or less, based on practical examples, solved using the Palisade softwares. Much stress is laid on the analysis of outputs- in fact, running the analysis is integral to understanding the text. However, daunting calculus/derivations are quite nonexistent- so are the usual mumbo jumbo.
The book does heavily rely on (and revolves around) the software- to the point that it is mostly about understanding statistics using the Palisade softwares. If you are not averse to adding a new software to your repertoire and enjoying the process- then, this is the book for you.
1 of 2 people found the following review helpful
on 21 September 2012
Excellent product, very useful, pretty clear. It is very complete and I am totally satisfied with it. You can buy it with your eyes closed!