Basic Statistics for Business and Economics

Key differences between 8th and 7th editions

• Time lapse between previous and current publications: 2 years (2010 vs 2012).
• Lind/Marchal/Wathen's Basic Statistics for Business and Economics textbook was first published in 1993.
• The Eighth Ed. is organized in to 15 Chapters -- just as the older Seventh Ed, but includes many nw and updated exercises.
• In the Chapter 9 two separate sections 9.2 and 9.3 cover point estimation and confidence. Previously this material was covered in a single section "Point Estimates and Confidence Intervals for a Mean".
• Chapter 13 "Correlation and Linear Regression" (formerly labeled as "Linear Regression and Correlation") has been reorganized and includes new section 13.6 on regression slope test .
• Former Chapter 14 "Multiple Regression and Correlation Analysis" is now referred to as "Multiple Regression Analysis". This chapter includes new sections:
• 14.7 Stepwise regression, a semi-automated process of selecting a subset of variables.
• 14.8 Review of multiple regression
• Chapter 15 "Nonparametric Methods" (formerly labeled as "Chi-Square Applications") now includes two new sections on:
• 15.5 Hypothesis testing of a single population mean when sampling is from a normally distributed population
• 15.6 Graphical and numerical methods of assessing normality