© 2017

Introductory Statistics for Business and Economics

Theory, Exercises and Solutions


Part of the Springer Texts in Business and Economics book series (STBE)

Table of contents

  1. Front Matter
    Pages i-xiv
  2. Jan Ubøe
    Pages 1-26
  3. Jan Ubøe
    Pages 27-39
  4. Jan Ubøe
    Pages 41-53
  5. Jan Ubøe
    Pages 55-74
  6. Jan Ubøe
    Pages 75-96
  7. Jan Ubøe
    Pages 97-111
  8. Jan Ubøe
    Pages 113-157
  9. Jan Ubøe
    Pages 159-175
  10. Jan Ubøe
    Pages 177-200
  11. Jan Ubøe
    Pages 201-244
  12. Jan Ubøe
    Pages 245-314
  13. Back Matter
    Pages 315-466

About this book


This textbook discusses central statistical concepts and their use in business and economics. To endure the hardship of abstract statistical thinking, business and economics students need to see interesting applications at an early stage. Accordingly, the book predominantly focuses on exercises, several of which draw on simple applications of non-linear theory. The main body presents central ideas in a simple, straightforward manner; the exposition is concise, without sacrificing rigor. 

The book bridges the gap between theory and applications, with most exercises formulated in an economic context. Its simplicity of style makes the book suitable for students at any level, and every chapter starts out with simple problems. Several exercises, however, are more challenging, as they are devoted to the discussion of non-trivial economic problems where statistics plays a central part.


Probability theory Statistical thinking Statistics exercises Statistics for Business Statistics for Economics Inference Applications of statistics to business and economics Applications to finance Descriptive statistics Random variables Probability distributions Estimation Hypothesis testing Regression Combinatorics Mean and variance Option pricing Conditional probabilities Excel for statistics Expectation

Authors and affiliations

  1. 1.Department of Business and Management ScienceNorwegian School of EconomicsBergenNorway

About the authors

Jan Ubøe is a Professor of Mathematics at the Norwegian School of Economics. He has published research in several different areas of mathematics and economics: theory on stochastic differential equations, option pricing theory, regional science, transportation science and management science. His contributions have also been recognized with several awards for excellence in teaching.

Bibliographic information

Industry Sectors
Finance, Business & Banking
Oil, Gas & Geosciences


“This textbook is an introductory one which is intended first of all for researchers, analysts and practitioners in finance and economics which are not going to become professional statisticians. … the author introduces the readers to the complex technology through many examples and exercises which are simple and explicit at the beginning and grow up to nontrivial problems of economic practice.” (Vladimir Gorbunov, zbMATH 1407.62008, 2019)