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Home » Top Books » Books in Finance Categories » Statistics Books

Statistics Books

By Dheeraj VaidyaDheeraj Vaidya, CFA, FRM

10 Best Statistics Books [Updated 2021]

Below is the list of 10 Best statistics books to help you excel with your statistical knowledge –

  1. Statistics ( Get this book )
  2. Barron’s AP Statistics ( Get this book )
  3. Statistics for Business and Economics  ( Get this book )
  4. Naked Statistics: Stripping the Dread from the Data ( Get this book )
  5. OpenIntro Statistics ( Get this book )
  6. Statistics in Plain English ( Get this book )
  7. The Complete Idiot’s Guide to Statistics (Idiot’s Guides) ( Get this book )
  8. Head First Statistics: A Brain-Friendly Guide ( Get this book )
  9. Student Study Guide to Accompany Statistics Alive! ( Get this book ) 
  10. Statistics Done Wrong: The Woefully Complete Guide ( Get this book )
  11. An Introduction to Statistical Learning ( Get this book )

Let us discuss each of the statistics textbooks in detail along with its key takeaways and reviews.

Best Statistics Book

#1 – Statistics

by-Robert S. Witte and John S. Witte

Statistics (10th Edition)

Introduction

One of the best introductory statistic books to help you get started with your knowledge at the undergraduate level. The authors give you well-organized chapters that making reading through easy and understandable. In all, this book is a good learning experience.

Summary 

The authors have made sure they clarify your basic statistics concepts along with measures of eloquent involving statistical analysis. This top statistics book focuses on the expression of using the additions of squares and degrees, along with the main emphasis on the importance of variability. This book will help to deal with interpretation and variance of coefficient and correlation, deviations, degree of freedom, hypothesis test, and effect size estimation.

Best Takeaway

The author has applied real-life experiences and applications to help the reader understand the concepts better. The entire book is put across in very clear and understandable language which makes the subject easy.    

<< Get this book >>

 

#2 – Barron’s AP Statistics

by-Martin Sternstein Ph.D.

AP Statistics Premium: With 9 Practice Tests (Barron's Test Prep)

Introduction

This best statistics textbook is written by a mathematics expert who has been ahead of the math department of different universities and has also been honored by a number of awards in the subject. The author believes in educating the nation, along with giving every individual equal access to the subject.

Summary 

This book includes 15 chapters with a subjective review that covers all the topics of your text; it is also a guide to the basic use of professional calculators such as T1-83and 84. It includes 5 full-length practice examinations that are up-to-date. The questions and answers of the test are well explained, and the author has also added additional multiple-choice questions with answers. The author has also added a free manual and a CD with the book to help the readers understand the subject better,

Best Takeaway 

This best statistics book gives you an option of learning from an extreme expert of the subject; which is a rare opportunity. The author gives you a CD along with the book to make understanding easier.

<< Get this book >>

 

#3 – Statistics for Business and Economics

by- James T. McClave, P. George Benson and Terry T Sincich 

Statistics for Business and Economics Pearson New International Edition

Introduction

The authors of this best textbook on statistics are all experts of the subject at various levels and with very high degrees of achievements. They have put their knowledge and experience in the book to make the subject interesting and understandable.

Summary 

The book contains the most recent data, which is real; however, put across the same in the form of exercises, examples, and applications. They have made sure that they open every chapter with the latest controversial issue and its case study; this exercise created by the authors gives the students an opportunity of evaluating the scenario critically—the emphasis on ethics and the importance of data related to ethical behavior.

Best Takeaway 

The author’s critical approach to explaining each chapter is a different way of teaching the subject. Their idea of simplifying statistics is the best takeaway.

<< Get this book >>

 

#4 – Naked Statistics: Stripping the Dread from the Data

by— Charles Wheelan

Naked Statistics: Stripping the Dread from the Data

Introduction

The author has filled the book with real-world examples in a comic style. Even the most reluctant person who is not good with statistics and data would love reading this book. The author has made the book an engaging book where he explains why statistics is important for us.

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Summary 

The author is a best-seller, and he makes sure he shows you Naked Statistics with the right kind of data along with very less correctly chosen statistical tools, which helps to answer the questions of the readers and much more. He has made concepts clear with inference, regression analysis, and correlation. He also reveals careless and manipulative people and organizations misrepresent and manipulate data.

Best Takeaway

The author resists the odd of the system and still brings in important unpopular disciplines to use. He has defiantly added insights in every part of this top statistics book.

<< Get this book >>

 

#5- OpenIntro Statistics

by-David M Diez, Christopher D Barr, and Mine Çetinkaya-Rundel 

OpenIntro Statistics: Third Edition (CreateSpace)

Introduction

The authors have used simple words and have also made sure that the content is written very clear. If you are someone with a fair math background and are looking to learn stats a little fast, then this is the book for you. The material and content covered in this book are covered in good detail.

Summary of this book

The author has made an exceptional book with tools and techniques that free and easy to use and also easy to modify as per your requirements and convenience. They believe that probability is only optional, and a conclusion is key, and the best way to get to the key by analyzing real data as and when possible. They also give free flies for the book, and they are available. This book is great for learning as it has grown with the involvement and enthusiasm of the readers.

Best Takeaway from this book

The author has made a hard to look subject easy to understand with beautiful explanations. This book also comes with a PDF version, Videos, Labs for R, SAS, Teaching resources like slides, and much more.

<< Get this book >>

 

#6 – Statistics in Plain English

by-Timothy C. Urdan

Statistics in Plain English, Third Edition

Introduction

If you make this book your first choice to learn statistics, u will definitely benefit from this book. The author very clearly states how statistics work and how we can infer it correctly. This book is rated as an ideal supplement for statistics.

Summary 

This best statistics textbook includes new chapters on reliability analysis and factor which is helpful for both those who are involved in research activities and for those who are no involved in the same; a section that describes understanding statistics given in books and journals; PowerPoint presentation of the book; problems that are interactive, videos by the author demonstrating calculations, sections helping you to understand the distribution data along with helping you to use graphs with many live examples and much more.

Best Takeaway 

The simplest form of explanation to data and graphs is epic and a must-read. The author has made sure he put across his subject to the newest person in statistics appropriately.

<< Get this book >>

 

#7 – The Complete Idiot’s Guide to Statistics (Idiot’s Guides)

by— Robert A. Donnelly Jr., Ph.D.

The Complete Idiot's Guide to Statistics, 2nd Edition

Introduction

The author has a Ph.D. in the subject and also teaches management in a private institute, and his area of specializations include information system, statistics, operations management, management, and database management, which means this best statistics book is coming from an expert in all domains of management.

Summary 

This book is specifically for students who wish to fulfill their statistics degree requirements as it helps them follow the standard curriculum of statistics courses. The author Mr. Donnelly has introduced topics such as distribution, mean, and median along with mode, standard deviation along with range, and variance all of this along with probability and much more. A complete beginner’s book is just the right word for this book.

Best Takeaway

This book includes excel formulas along with statistics explanation, which is extremely useful for applying statistics in real life. It is a complete value for money book.

<< Get this book >>

 

#8 – Head First Statistics: A Brain-Friendly Guide

by-Dawn Griffiths

Head First Statistics: A Brain-Friendly Guide

Introduction

This book is no less as it has been written by an author who has been awarded a ‘First-Class degree in Mathematics’ and has also been offered university scholarships. She is a multi-talented personality, for she is also a writer and hence can explain her knowledge of data flawlessly.

Summary 

This book has covered the entire range of topics covered in the 1st year of statistics. The author here focuses on sorting tough statistical concepts making use of the 1st dynamic with the help of visual format to help you understand better. She has used casinos, gambling, drugs, and other real-world scenarios to explain the concepts. She also explains how to measure spreads, calculations of odds by using probabilities, binomials, geometrics, and much more. She wants you to know how statistics work in the real world before you think you know the subject.

Best Takeaway

The knowledge given in the book is one of the best ways to gain knowledge and real-world experience by looking at the scenarios through the viewpoint of an expert.

<< Get this book >>

 

#9 – Student Study Guide to Accompany Statistics Alive!

2e by Wendy J. Steinberg 2nd ed. Edition

by— Wendy J. Steinberg

Student Study Guide to Accompany Statistics Alive! 2e by Wendy J. Steinberg

Introduction

The main focus of the author is to teach common statistical terms and symbols along with the rules and functions of common arithmetic. This best statistics book includes it all and makes statistics an easy subject.

Summary 

Wendy believes that the subject statistics only seem difficult however is not really difficult and hence would want to simplify the same; her efforts are visible in the book. She specifies that statistics sounds difficult because of the heavy statistical terminology used, and hence her motive has been simplifying the terminology. And the second most difficult aspect of this subject is the mathematical components of statistics; however, she has used relatively simple math to explain the subject well enough.

Best Takeaway

The author has explained in both; deep as well as brief the common terminology of statistics as a subject. These terminologies really help in understanding the subject and knowing how the same can be done with ease.

<< Get this book >>

 

#10 – Statistics Done Wrong:

The Woefully Complete Guide 1st Edition

by- Alex Reinhart

Statistics Done Wrong: The Woefully Complete Guide

Introduction

The best book on statistics is for people who are sure if their data evaluation is correct or not; they must get this book because, for all the books of statistics that can tackle issues, this book is the one that is more accessible and more accurate.

Summary 

After you read this book, you can make sure you stick to the plan by making the right statistical analysis, designing the right experiment by asking the right questions. You will also be able to think about regression, confidence intervals, values, significance, and insignificance. You can choose the right sample size, along with avoiding false positives. You will also be able to report your analysis, publish your source code, and your data. And finally, she explains what software needs to be used what precautions and procedures need to be used and followed.

Best Takeaway

The book is a sound and very strong guide that will help you make statistically sound research, and it will help you keep your research blunder free. This book will keep you away from embarrassing errors.

<< Get this book >>

 

#11 – An Introduction to Statistical Learning

With Applications in R (Springer Texts in Statistics) 1st ed. 2013, Corr. 5th printing 2015 Edition

by— Gareth James, Daniela Witten, Trevor Hastie, Robert Tibshirani.

An Introduction to Statistical Learning: with Applications in R (Springer Texts in Statistics)

Introduction

This statistics book is the best book to read and teach for undergraduates and master students of statistics. When summarized, is book is a complete package for teaching the introductory courses of statistics. This book facilitates the switch over of statistical learning to the real-world application.

Summary 

This book includes some of the most important statistical techniques through important modeling and prediction techniques along with using the relevant application, and it includes topics such as classifications, resampling methods, classifications, shrinkage approaches, support vector machines, tree-based method, clustering, linear regression, and much more. The author has used color graphics and real-world examples to explain the subject better than ever. The entire book is an amazing book to use, for it is also accompanied by a manual.

Best Takeaway

Getting the base right is the motive of all of us. Once we understand the subject, we can take it further from there. This book makes sure that it gets you through the right content to ensure your basics are just right in statistics.    

<< Get this book >>

 

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