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Paperback 2nd Edition Understanding Business Statistics range from descriptive statistics to multiple regression and one-way analysis of variance. Chapters include a number of instructive EXCEL exercises. ...paperback Understanding Business Statistics, 2nd edition by Ned Freed. It is a textbook designed to make statistics understandable for students with varied backgrounds. Helpful information: It uses simple examples and a modular approach for step-by-step learning. Exercises are included to check understanding and extend chapter discussions. The book provides an intuitive discussion of statistical principles.