SIMnet - Week 7: Independent Project: Excel 2019 In Practice - Ch 9 Independent Project 9-5 4/18/22, 8:27 PM

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Student Name: Simmons, Jasmine

Student ID: D41172736

Username: D41172736

Week 7: Independent Project:

Excel 2019 In Practice - Ch 9
Independent Project 9-5
COURSE NAME BIS155 MAR22 Master | Data Analysis with Spreadsheets with Lab -
61952

Start Date: Due Date: End Date:

04/09/2211:59 PMUS/Mountain 04/17/2211:59 PMUS/Mountain 04/22/2211:59 PMUS/Mountain

Independent Project 9-5

These instructions are compatible with both Microsoft Windows and Mac
operating systems.
At Placer Hills Real Estate, commission is split with other agencies based on price groups. You create
a one-variable data table to display results for various split rates. Additionally, you create scenarios for
selling price and commission and create a histogram about sales.
[Student Learning Outcomes 9.1, 9.3, 9.4, 9.6]

File Needed: PlacerHills-09.xlsx (Available from the Start File link.)

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SIMnet - Week 7: Independent Project: Excel 2019 In Practice - Ch 9 Independent Project 9-5 4/18/22, 8:27 PM

Completed Project File Name: [your name]-PlacerHills-09.xlsx

Skills Covered in This Project

Build a one-variable data table.
Use Solver.
Create and manage scenarios.
Create a histogram with a chart.

1. Open the PlacerHills-09 start file. The file will be renamed automatically to include your name.
Change the project file name if directed to do so by your instructor

2. Enable the content security warning.

3. Review formulas.

a. Select cell C14 on the Calculator worksheet. The total commission is calculated by multiplying
the selling price by the commission rate.

b. Select cell C15. The IFS function checks the selling price (C12) to determine the split
percentage (column D) based on the price group.

c. Select cell C16. The IFS function checks the selling price (C12) to determine the administrative
fee percentage (column E) and multiplies that percentage by the value in cell C15 to calculate
the fee in dollars.

d. Select cell C17. The net commission is calculated by subtracting the fees from the PHRE
amount.

4. Build one-variable data tables.

a. Select cell C20 and create a reference to cell C15.

b. Select cell D20 and create a reference to cell C17. Both formulas depend on cell C12, the one
variable.

c. Use cell D8 as the column input for the data table (Figure 9-87). (You can use any percentage
from column D because its value is replaced by the proposed rates in column B in the data
table.)

d. Decrease the decimal two times for all values in the data table.

5. Name cell ranges.

a. Click the Price Solver worksheet tab.

b. Click cell C12 and name the range Selling_Price. You cannot use spaces in a range name.

c. Name cell C14 as Total_Commission and cell C17 as PHRE_Commission.

6. Install the Solver Add-in and the Analysis ToolPak.

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SIMnet - Week 7: Independent Project: Excel 2019 In Practice - Ch 9 Independent Project 9-5 4/18/22, 8:27 PM

7. Use Solver to find target PHRE net commission

amounts.

a. Build a Solver problem with cell C17 as the

objective cell. For the first solution, set the
objective to a value of 50000 by changing cell
C12. Use the GRG Nonlinear solving
method. Save the results as a scenario
named $50,000.

b. Restore the original values and run another

Solver problem to find a selling price for a
PHRE commission of 75000. Save these
results as a scenario named $75,000.

c. Restore the original values and run a third

Solver problem to find a selling price for a net
Figure 9-87 Data table setup for commission rates
commission of $100,000. Save these results
as a scenario and restore the original values.

8. Manage scenarios.

a. Show the $50,000 scenario in the worksheet.

b. Create a Scenario summary report for cells C12, C14, and C17.

9. Create a histogram for recent sales.

a. Click the Sales Forecast sheet tab and select cell G13.

b. Create a bin range of 10 values starting at 350,000 with intervals of 50,000, ending at 800,000
in cell G22.

c. Use the Analysis ToolPak to create a histogram for cells E5:E26. Do not check the Labels box
and select the bin range in your worksheet.

d. Select cell H3 for the Output Range and include a chart.

e. Position and size the chart from cell K3 to cell V19.

f. Edit the horizontal axis title to display Selling Price and edit the vertical axis title to Number of
Sales.

g. Edit the chart title to display Sales by Price Group.

h. Select and delete the legend.

i. Delete cells G13:G22 (Figure 9-88).

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SIMnet - Week 7: Independent Project: Excel 2019 In Practice - Ch 9 Independent Project 9-5 4/18/22, 8:27 PM

Figure 9-88 Histogram and chart for sales data

10. Save and close the workbook (Figure 9-89).

Figure 9-89 Completed worksheets for Excel 9-5

11. Upload and save your project file.

12. Submit project for grading.

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SIMnet - Week 7: Independent Project: Excel 2019 In Practice - Ch 9 Independent Project 9-5 4/18/22, 8:27 PM

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