Statistics is a class that is required in many college majors, and it’s an increasingly popular Advanced Placement (AP) high school course. In addition to math and technical students, many business and liberal arts students are required to take it as a fundamental component of their majors. A knowledge of statistical interpretation is vital for many careers.
Idiot’s Guides®: Statistics explains the fundamental tenets in language anyone can understand.
- Calculating descriptive statistics.
- Measures of central tendency: mean, median, and mode.
- Variance analysis.
- Inferential statistics.
- Hypothesis testing.
- Organizing data into statistical charts and tables.
Robert A. Donnelly Jr, PhD, was an associate professor of management at Goldey-Beacom College, a private business institution in Wilmington, Delaware. He earned a PhD in operations research from the University of Delaware and specialized in statistics, operations management, management information systems, database management, and management of services. In 2000 he received the Faculty Service Award in recognition of his efforts in the development of a college-wide Academic Honor Code. He made several business presentations over the years to the American Management Association and was involved in a variety of management consulting activities, including projects for Alpha Owens Corning Corporation and the DuPont Company.
Fatma Abdel-Raouf, PhD, is a professor of economics and finance at Goldey-Beacom College (GBC). She has more than 20 years of teaching experience at the graduate and undergraduate levels. Prior to joining GBC in 2002, Dr. Abdel-Raouf taught at Cleveland State University, Myers University, University of Phoenix, Langston University, State University of New York at Albany, and Cairo University. She also directed the graduate programs at the University of Phoenix, where she started a new Master of Management program. In addition, Dr. Abdel-Raouf is a member of the editorial board of the Scientific Journals International, and a referee for the Eastern Economic Journal and the Southwestern Economic Review. Dr. Abdel-Raouf has been awarded the Excellence in Teaching awards from Goldey-Beacom College and Langston University, and was recognized in Who's Who Among American Teachers and Educators in 2007.