STATISTICS FOR MANAGEMENT AND ECONOMICS is the worldwide best selling business statistics text. It is currently being used at hundreds of colleges and universities throughout the world. This text teaches students how to apply statistics to real business problems through the authors' unique three-step approach to problem solving. Students learn to IDENTIFY the right technique by focusing on the relationship between the problem and data type. They then learn to COMPUTE the answer either by hand, using Excel, or using MINITAB. Finally, they INTERPRET the results in the context of the problem. This approach enhances student comprehension as well as practical skills, and offers maximum flexibility to instructors wishing to teach concepts by hand or with the computer, or by using both hand and computer methods.A consistent, proven three-step method to solving problems. 'Identify, Compute, and Interpret' shows students how to figure what kind of analysis to perform, how to compute the problem, and then interpret the results in the context of the problem at hand.Most calculations are performed in three ways: by hand, using Excel, and using MINITAB. Output and step-by-step instructions accompany these illustrations. This approach results in maximum flexibility for instructors who wish to teach by hand, with computers, or both.Two unique cumulative review chapters show students how previously introduced concepts fit into the 'big picture' with guides, flowcharts, and illustrative examples and cases.Data Analysis Plus 4.0 add-ins enhance the statistical capabilities of Excel, allowing students to perform every analysis in the text using Excel.Authors have over twenty years writing and thirty years teaching experience to draw from, ensuring the exposition is clear, and the examples, exercises, and cases are excellent.813 data sets, formatted in Excel, MINITAB, SPSS, JMP, SAS and ASCII are associated with examples and exercises and stored on the CD-ROM.