

Challenging probability and statistics problems
A most useful compilation

Excellent Book !
A crisp text on a vast expanse i.e. Random Processes

Relationship between Random Walks and Electric Networks!There is this beautiful theorem by Polya which states that a
random walker on an infinite street network in d-dimensional
space is bound to return to the starting point when d = 2,
but has a positive probability of escaping to infinity without
returning to the starting point when d >= 3. The book
reinterprets this theorem as a statement about electric networks,
and then proves the theorem using techniques from classical
network theory. The proof relies on showing that the resistance
of the corresponding electric network in 1 and 2 dimensions
is infinite, whereas it is finite in the 3 dimensional case.
Thus some current [like our random walker] can flow to infinity.
Strongly recommended!.
cool analogies

A marvelous text for nonmajorsOf late more and more colleges have tried to expose nonscientists to quantitative reasoning. Now, such a course has to be about something. Why not Statistical Physics, which on the one hand is incredibly far reaching in its consequences and on the other, accessible with minimum of preamble. There is no longer the excuse that a suitable text does not exist. Here it is, so go ahead and use it for self-study or your class! The section on entropy alone will make it worthwhile. Finally, even if you know all the physics, this will teach you how write the most elegant prose.
Vinay Ambegaokar's "Reasoning About Luck"

Much better than expectedThis book exceeded my expectations in both regards. It explains key concepts very well, backed by real-life examples to illustrate their practical aplications using Excel. I have had an easier and more enjoyable time both reviewing my statistics and learning Excel.
Statistics for the rest of usI was fortunate enough to have had a course with Dr. Gerbing; I know that he has spent the last five or so years refining his teaching methods, so MBA students can learn AND apply statistics to their business lives. This book is truly a great accomlishment and a contribution to business people who want to use regression analysis - or just have a better understanding of the components that make for solid market research. In an age where we all spend thousands on research studies, it is more than a good idea to know what questions to ask of the syndicated research we're offered, or how to set up the framework for a proprietary study. As a marketing professional, I have found this text very useful. Now - if you can get Gerbing to market the powerpoint slides ...


Great for Beginners and Intermediates!!
Unique book - very practical - no fluffThe author has a good style, and the text does not contain the usual fluff and buzzwords often found in business-oriented books. Check it out!


Solid foundation in robust statistics
this book should be added to the Wiley Classic series

Unique approach to a traditionally reactive techniquePrior to reading this book I viewed root cause analysis as a reactive tool to be used to investigate the causes of failures. The approach taken by the author is to also use this technique as a proactive tool in a manner similar to failure mode effects and criticality analysis (FMECA).
Here is a summary of what how this book approaches root cause analysis: it begins with a section on defining problems and collecting data. This approach allows you to take a proactive approach, especially if you are in an environment that uses statistical process controls to measure process performance. This is augmented by a chapters on task analysis and event and casual factor charting. This is where the author's approach begins to resemble FMECA techniques, which are proactive versus reactive methods of addressing problems and risks. This is followed by chapters on interviewing and reporting.
I particularily liked the chapter on interviewing techniques, which added a practical dimension root cause analysis. I also liked the way the author used hints throughout the book to reinforce methods.
The rest of the brief 135-page book is devoted to forms, worksheets and checklists that significantly add to the value or the book. I would have liked an accompanying diskette with this material in electronic format, but the lack of it does not detract from the book in any way.
If you want to use root cause analysis as a proactive tool in conntection with a continuous improvement initiative I recommend that you also consider Understanding Variation by Donald Wheeler. If you are seeking a more proactive approach to preventing problems in the first place you might consider augmenting Root Cause Analysis Handbook with Failure Mode and Effect Analysis by D. H. Stamatis.
Great book about a methodology I use and know works!

sequel to a first course
A MUST-HAVE IF YOU WANNA GO TO WALLSTREET!

excellent secondary resource for the UK
This is the way to understand statistics.
If you have not studied any statistics before, you might want to start with a book that gives more explanation, such as Bulmer, "Principles of Statistics."
This book makes use of calculus in many sections. For interesting probability problems with less advanced math, you might try Mosteller, "Fifty Challenging Problems in Probability."
If you take the time to work through a number of problems from each chapter, you can learn how to apply probability and statistics to a wide variety of problems. The equations I derived for the thesis I'm working on are the topic of chapter 6!