ENTH EDITION
www.pearsonhighered.com
S Personalized and adaptive learning
S Interactive practice with immediate feedback
S Multimedia learning resources
S Complete eText
S Mobile-friendly design
S Full access to StatCrunch
MyStatLab is the leading online homework, tutorial, and assessment program designed to help you learn and understand statistics.
MyStatLab is available for this textbook. To learn more, visit www.mystatlab.com
for Business Statistics
Visit www.mystatlab.com and click Get Trained to make sure you’re getting the most out of MyStatLab.
MyStatLab, Pearson’s online homework, tutorial, and assessment program, creates personalized experiences for students and provides powerful tools for instructors. With a wealth of tested and proven resources, each course can be tailored to fit your specific needs. Talk to your Pearson representative about ways to integrate MyStatLab into your course for the best results.
Get the Most Out of MyStatLab®
Learning in any Environment • Because classroom formats and student needs continually change and evolve,
MyStatLab has built-in flexibility to accommodate various course designs and formats.
• With a new, streamlined, mobile- friendly design, students and instructors can access courses from most mobile devices to work on exercises and review completed assignments.
Career Readiness Preparing students for careers is a priority. Now with the Open in Excel functionality in homework problems, students can open data sets directly in Excel and gain experience with the tools they will use in their careers.
A00_GROE6498_10_SE_FEP.indd 3 26/10/16 2:51 PM
http://www.mystatlab.com
Bring Statistics to Life Use the StatCrunch Twitter app to analyze trending topics in real time. Easily load tweets using screen names or keywords to construct an interactive word wall.
Visit www.mystatlab.com and click Get Trained to make sure you’re getting the most out of MyStatLab.
StatCrunch Integrated directly into MyStatLab, StatCrunch is powerful, web-based statistical software that allows students to quickly and easily analyze data sets from their text and exercises.
In addition, MyStatLab includes access to www.StatCrunch.com, the full web-based program where users can access tens of thousands of shared data sets, create and conduct online surveys, interact with applets and simulations, and perform complex analyses using the powerful statistical software.
A00_GROE6498_10_SE_FEP.indd 4 26/10/16 2:51 PM
http://www.StatCrunch.com
http://www.mystatlab.com
Business statistics
A Decision-Making Approach
A01_GROE6498_10_SE_FM_pp.i-xxiv.indd 1 21/11/16 11:29 AM
A01_LO5943_03_SE_FM.indd ivA01_LO5943_03_SE_FM.indd iv 04/12/15 4:22 PM04/12/15 4:22 PM
This page intentionally left blank
Business statistics
A Decision-Making Approach
David F. Groebner Boise State University, Professor Emeritus of Production Management
Patrick W. Shannon Boise State University, Professor Emeritus of Supply Chain Management
Phillip C. Fry Boise State University, Professor of Supply Chain Management
t e n t h e d i t i o n
A01_GROE6498_10_SE_FM_pp.i-xxiv.indd 3 21/11/16 11:29 AM
Director, Portfolio Management: Deirdre Lynch Portfolio Management Assistants: Justin Billing and Jennifer Snyder Content Producer: Kathleen A. Manley Managing Producer: Karen Wernholm Media Producer: Jean Choe Manager, Courseware QA: Mary Durnwald Manager, Content Development: Robert Carroll Product Marketing Manager: Kaylee Carlson Product Marketing Assistant: Jennifer Myers Senior Author Support/Technology Specialist: Joe Vetere Cover and Text Design, Production Coordination, Composition: Cenveo® Publisher Services Illustrations: Laurel Chiapetta and George Nichols Cover Image: Arthimedes/Shutterstock
Copyright © 2018, 2014, 2011 Pearson Education, Inc. All Rights Reserved. Printed in the United States of America. This publication is protected by copyright, and permission should be obtained from the publisher prior to any prohibited reproduction, storage in a retrieval system, or transmission in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise. For information regarding permissions, request forms and the appropriate contacts within the Pearson Education Global Rights & Permissions department, please visit www.pearsoned.com/permissions/.
Acknowledgements of third-party content appear on pages 835–836, which constitute an extension of this copyright page.
PEARSON, ALWAYS LEARNING, and MYSTATLAB are exclusive trademarks owned by Pearson Education, Inc. or its affiliates in the U.S. and/or other countries.
Unless otherwise indicated herein, any third-party trademarks that may appear in this work are the property of their respective owners and any references to third-party trademarks, logos or other trade dress are for demonstrative or descriptive purposes only. Such references are not intended to imply any sponsorship, endorsement, authorization, or promotion of Pearson’s products by the owners of such marks, or any relationship between the owner and Pearson Education, Inc. or its affiliates, authors, licensees or distributors.
Library of Congress Cataloging-in-Publication Data Names: Groebner, David F., author. | Shannon, Patrick W., author. | Fry, Phillip C., author. Title: Business statistics : a decision-making approach / David F. Groebner, Boise State University, Professor Emeritus of Production Management, Patrick W. Shannon, Boise State University, Professor Emeritus of Supply Chain Management, Phillip C. Fry, Boise State University, Professor of Supply Chain Management. Description: Tenth edition. | Boston : Pearson, 2016. | Revised edition of Business statistics, 2014. Identifiers: LCCN 2016016744 | ISBN 9780134496498 (hardcover) | ISBN 0134496493 (hardcover) Subjects: LCSH: Commercial statistics. | Statistical decision. Classification: LCC HF1017 .G73 2016 | DDC 519.5–dc23 LC record available at https://lccn.loc.gov/2016016744
ISBN-10: 0-13-449649-3 ISBN-13: 978-0-13-449649-8
1 16
A01_GROE6498_10_SE_FM_pp.i-xxiv.indd 4 22/11/16 8:38 AM
http://www.pearsoned.com/permissions/
https://lccn.loc.gov/2016016744
To Jane and my family, who survived the process one more time.
david f. groebner
To Kathy, my wife and best friend; to our children, Jackie and Jason.
patrick w. shannon
To my wonderful family: Susan, Alex, Allie, Candace, and Courtney.