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This text offers an applications-oriented approach to and a methodological development of statistics for business and economics. The discussion and development of each technique is presented in an application setting, with the statistical results providing insights to decisions and solutions to problems. The new edition includes four new cases that emphasize managerial use and interpretation of statistics for a business approach, and self-test exercises enable students to check immediately their understanding of chapter content. The book has approximately 200 new problems based on real and referenced data to provide insight into today's world of statistics, and there are other added exercises and data throughout the text.