Statistical Tools for Managers: Using MS Excel

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This book covers thetopics on probability and statistics mostly used for managerial decision making. The book uses a practical approach in explaining these subjects, so as to be equally suitable for the students with different backgrounds from commerce to computer engineering. This book not only explains the concepts but also provides a variety of solved problems that are necessary while preparing for the examinations. This would help the students to develop insight and interest in solving problems using MS Excel. The book would prove to be beneficial for the students to use statistical tools during their work life to solve complex real life managerial decision making situations. MS Excel is selected as a computer resource because it is practically available with every manager. Other more powerful statistical packages may not be accessible to all the managers at field level or working in smaller corporates. The book includes topics in sampling, data processing, random variables, probability and sampling distributions, estimation, testing of hypothesis, tests of significance, curve fitting, correlation, regression and ANOVA. The syllabi of most of the universities for MBA, MCA, Commerce, and Science courses are covered under the topics of this book. It would also provide a suitable reference for all management, engineering, science and commerce students.