Scribd Logo
Upload

Welcome to Scribd!

  • 74 views

    Im202 SFM

    Uploaded by

    api-3697538
    File showing use of Statistical Functions in MS Excel. Download and open this file and learn the functions that have been used. Advanced use of Excel for Data Analysis will be demonstrated in the class.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd

    Im202 SFM

    Uploaded by

    api-3697538
    74 views2 pages
    File showing use of Statistical Functions in MS Excel. Download and open this file and learn the functions that have been used. Advanced use of Excel for Data Analysis will be demonstrated in the class.

    Original Title

    IM202_SFM

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    XLS, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    File showing use of Statistical Functions in MS Excel. Download and open this file and learn the functions that have been used. Advanced use of Excel for Data Analysis will be demonstrated in the class.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    74 views2 pages

    Im202 SFM

    Uploaded by

    api-3697538
    File showing use of Statistical Functions in MS Excel. Download and open this file and learn the functions that have been used. Advanced use of Excel for Data Analysis will be demonstrated in the class.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    of 2

    Case Number Age Weight

    Case 1 25 64
    Case 2 20 75
    Case 3 25 61
    Case 4 29 74
    Case 5 28 75
    Case 6 31 64
    Case 7 38 74
    Case 8 36 75
    Case 9 40 79
    Case 10 20 75
    Case 11 33 79
    Case 12 32 68
    Case 13 29 65
    Case 14 34 69
    Case 15 24 63

    General Aspects
    Maximum 40 79
    Minimum 20 61
    Count (N) 15 15
    Total 444 1060

    Measures of Central Tendency Questions for Answering


    Arithmetic Mean 29.600 70.667 1. What are Geometric Mean (GM) and Harmonic Mean (HM) ? When should we use GM or HM?
    Geometric Mean 28.995 70.418 2. Find out what is the usefulness of trimmed mean in data analysis
    Harmonic Mean 28.373 70.167 3. Be careful while using Mode. Excel cannot display dual modes. Age has two modes 25 and 29 [Check Carefully]
    Trimmed Mean (10%) 29.600 70.667 4. Change the values 25 and 29 in the Age variable so that there is no mode. How does Excel report it?
    Median 29.000 74.000
    Mode 20.000 75.000

    Measures of Dispersion Questions for Answering


    Range 20 18 1. What is Mean Absolute Deviation (MAD)?
    MAD 4.907 5.422 2. What is the difference between Population Variance and Sample Variance?
    Variance (Pop) 34.640 34.622 3. While conducting live research on a finite set of data which one is better - Population Variance or Sample Variance
    Variance (Sam) 37.114 37.095 4. Explain why Population Variance is less than Sample Variance Sample? Is it always true? When will both be equal?
    S. Dev (Pop) 5.886 5.884 5. Using a calculator check that (s.d)^2 = var and that this relation is valid for both population or sample
    S. Dev (Sam) 6.092 6.091

    Measure of Shape Questions for Answering


    Skewness -0.009 -0.217 1. What is meant by Skewness and Kurtosis?
    Kurtosis -0.756 -1.491 2. Interpret the results?

    Measures of Correlation Questions for Answering


    Covariance 11.8 - 1. Explain why have I not calculated the covariance and correlation in the C column?
    Correlation 0.341 - 2. Check whether we need to divide the Covariance by population s.d. or sample s.d. to arrive at the correct correlation?

    Measures of OLS Regression (A) (B) Questions for Answering


    Intercept (a) 60.584 5.515 1. Explain why do I have different intecepts and slopes?
    Slope (b) 0.3406 0.341 2. Write the equation of (i) Age on Weight and of (ii) Weight on Age?
    3. What is meant by OLS?
    Measures of OLS Regression

    Excel provides another extremely powerful formula LINEST for calculating the Regression Equation
    The formula LINEST is an array formula and has four parameters which are as follows:

    Parameter Meaning
    Known Y's Range of Y Value(s)
    Known X's Range of X Value
    Intercept True or False
    Stats True or False

    Steps:
    1. Enter the formula in any cell as follows: =LINEST(C2:C16,B2:B16,TRUE,TRUE)
    2. The formula will return a single value: 0.34
    3. Keeping the value returned in step 2 in the top-left corner, select 2 columns and 5 rows
    4. Press F2
    5. Press CTRL+SHIFT+ENTER
    6. The highlighted cells will be populated with some values which are interpreted as follows:
    0.341 60.584 Slope Constant
    0.261 7.867 se (slope) se (constant)
    0.116 5.942 r-square se (y estimates)
    1.708 13.000 f value degrees of freedom
    60.294 459.039 reg-ss resid-ss
    Questions for Answering
    1. Find out the meaning of the terms which are not familiar to you?
    2. The above is the regression equation of Weight on Age. Try to do the same for Age on Weight

    You might also like