7 Best Statistics Books CEOs Read

Is statistics too hard for you to understand? This article will use systematic data collection method so we can identify the best statistics books CEOs read.

The Importance of Statistical Thinking

Statistics has become one of the most important decision-making tools since the 1980s. The statistical thinking was embedded in many business practices such as TQM (total quality management), lean manufacturing and 6 Sigma.

In the age of big data, data availability is increasing day by day so it's important for every business people to try to draw meaningful information from such data.

In the education sector, statistical thinking is becoming more important day by day. For example, scholastic aptitude test (SAT) has recently changed its test format by reducing the number of geometry related questions. Questions related to basic statistical analysis, such as the interpretation of charts and graphs have been increased drastically. Even in the reading section, test takers are required to interpret data in the passage. The ultimate goal is to create a new kind of workforce for the industries.

As a business person, are you ready to embrace statistical thinking more deeply?

In Search of the Best Statistics Books

To provide the book recommendations, we conduct a literature survey and find 8 categories of statistics books as below,

- Basic Statistics
- Risk Management
- Marketing Analytics
- Decision Analysis
- Visual Analytics
- Big Data Analytics
- Web Analytics
- Quality Management

As you can see, statistics has a very broad business application. In this article,

- We rely on the opinion of statistics experts and leading CEOs who are considered the management experts in their field. We track down each book if it gets the endorsement or reviewed on various sites such as Amazon.com, Quora, Linkedin and from the world's leading media outlets.

- After that, we examine each book one by one to ensure that it is practical enough for people of all experience levels.

- Finally, we make a final cut of the list of best book.

7 Best Statistics Books are as below:

  1. How to Lie with Statistics by Darrell Huff and Irving Geis

  2. The Cartoon Introduction to Statistics by Grady Klein and Alan Dabney

  3. Naked Statistics: Stripping the Dread from the Data by Charles Wheelan

  4. Data Smart: Using Data Science to Transform Information into Insight by John W. Foreman

  5. Keeping Up with the Quants: Your Guide to Understanding and Using Analytics by Thomas H. Davenport and Jinho Kim

  6. Good Charts: The HBR Guide to Making Smarter, More Persuasive Data Visualizations by Scott Berinato

  7. Data-Driven Marketing: The 15 Metrics Everyone in Marketing Should Know by Mark Jeffery

Do you have the statistics books you would like to recommend?



Reference
- Dani, B. Z., & Joan, G. (2004). Statistical literacy, reasoning, and thinking: Goals, definitions, and challenges. In The challenge of developing statistical literacy, reasoning and thinking (pp. 3-15). Springer, Dordrecht.

Last review and update: June 17, 2019

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About the Editor
Ben Benjabutr is the editor of Book Worm 4 Life. He holds a Master's Degree in business with 10+ years of work experience and 8+ years of experience in blogging and online content production. He enjoys reading books about business, lifestyle and literature and he loves to share what he learns from books. You can connect with him via Quora or drop him a line via e-mail.