Statistics for Business and Economics, Twelfth Edition, meets today's business students with a balance of clarity and rigor, and applications incorporated from a diverse range of industries. This classic text covers a wide variety of data collection and analysis techniques with these goals in mind: developing statistical thinking, learning to assess the credibility and value of inferences made from data, and making informed business decisions. The Twelfth Edition has been updated with real, current data in many of the exercises, examples, and applications. Exercises draw on actual business situations and recent economic events so that students can test their knowledge throughout the course. Statistics in Action case studies open each chapter with a recent, controversial, or high-profile business issue, motivating students to critically evaluate the findings and think through the statistical issues involved. A continued emphasis on ethics highlights the importance of ethical behavior in collecting, interpreting, and reporting on data. KEY TOPICS: Statistics, Data, and Statistical Thinking; Methods for Describing Sets of Data; Probability; Random Variables and Probability Distributions; Sampling Distributions; Inferences Based on a Single Sample: Estimation with Confidence Intervals; Inferences Based on a Single Sample: Tests of Hypotheses; Inferences Based on Two Samples: Confidence Intervals and Tests of Hypotheses; Design of Experiments and Analysis of Variance; Categorical Data Analysis; Simple Linear Regression; Multiple Regression and Model Building; Methods for Quality Improvement: Statistical Process Control (Available on CD); Time Series: Descriptive Analyses, Models, and Forecasting (Available on CD); Nonparametric Statistics (Available on CD) MARKET: For all readers interested in statistics and its applications to business and economics.