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Introductory Statistics for Business and Economics

Theory, Exercises and Solutions

  • Textbook
  • © 2017

Overview

Authors:
  1. Jan Ubøe

    1. Department of Business and Management Science, Norwegian School of Economics, Bergen, Norway

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  • Teaches all the basic statistical concepts with a minimum of fuss
  • Includes applications of clear relevance to business and economics
  • Enhances students’ understanding by focusing on non-trivial problems
  • Request lecturer material: sn.pub/lecturer-material

Part of the book series: Springer Texts in Business and Economics (STBE)

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Table of contents (11 chapters)

  1. Front Matter

    Pages i-xiv
    Download chapter PDF

  2. Descriptive Statistics

    • Jan Ubøe
    Pages 1-26

  3. Probability

    • Jan Ubøe
    Pages 27-39

  4. Combinatorics

    • Jan Ubøe
    Pages 41-53

  5. Conditional Probability

    • Jan Ubøe
    Pages 55-74

  6. Random Variables, Mean, and Variance

    • Jan Ubøe
    Pages 75-96

  7. Joint Distributions

    • Jan Ubøe
    Pages 97-111

  8. Basic Probability Distributions

    • Jan Ubøe
    Pages 113-157

  9. Estimation

    • Jan Ubøe
    Pages 159-175

  10. Hypothesis Testing

    • Jan Ubøe
    Pages 177-200

  11. Commonly Used Tests

    • Jan Ubøe
    Pages 201-244

  12. Linear Regression

    • Jan Ubøe
    Pages 245-314

  13. Back Matter

    Pages 315-466
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Keywords

About this book

This textbook discusses central statistical concepts and their use in business and economics. To endure the hardship of abstract statistical thinking, business and economics students need to see interesting applications at an early stage. Accordingly, the book predominantly focuses on exercises, several of which draw on simple applications of non-linear theory. The main body presents central ideas in a simple, straightforward manner; the exposition is concise, without sacrificing rigor. 

The book bridges the gap between theory and applications, with most exercises formulated in an economic context. Its simplicity of style makes the book suitable for students at any level, and every chapter starts out with simple problems. Several exercises, however, are more challenging, as they are devoted to the discussion of non-trivial economic problems where statistics plays a central part.



Reviews

“This textbook is an introductory one which is intended first of all for researchers, analysts and practitioners in finance and economics which are not going to become professional statisticians. … the author introduces the readers to the complex technology through many examples and exercises which are simple and explicit at the beginning and grow up to nontrivial problems of economic practice.” (Vladimir Gorbunov, zbMATH 1407.62008, 2019)

Authors and Affiliations

  • Department of Business and Management Science, Norwegian School of Economics, Bergen, Norway

    Jan Ubøe

About the author

Jan Ubøe is a Professor of Mathematics at the Norwegian School of Economics. He has published research in several different areas of mathematics and economics: theory on stochastic differential equations, option pricing theory, regional science, transportation science and management science. His contributions have also been recognized with several awards for excellence in teaching.

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