Publisher's Synopsis
An understanding of the basic principles of statistical methods is vital to discriminating between various economic theories and hypotheses. Starting at an elementary level this book covers the two main areas of the subject: descriptive statistics, used to summarize large amounts of data and inferential statistics, which provide a guide to the correct conclusions to be drawn from data .;The book uses real data to reveal how statistical methods, appropriately applied, can be used to increase our knowledge and understanding of a wide range of problems. It provides many worked examples with answers to help students with their studies.;Assuming no prior knowledge of statistics, this practical book should be the ideal guide for all students of economics, business studies and accounting who wish to understand the correct application of statistical methods.
