The Role of Statistics in Business and Industry (ePub)

An insightful guide to the use of statistics for solving key
problems in modern-day business and industry

This book has been awarded the Technometrics Ziegel Prize
for the best book reviewed by the journal in 2010.
Technometrics is a journal of statistics for the physical, chemical
and engineering sciences, published jointly by the American Society
for Quality and the American Statistical Association. Criteria for
the award include that the book brings together in one volume a
body of material previously only available in scattered research
articles and having the potential to significantly improve practice
in engineering and science.

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
of Statistics 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.