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Lecture 4

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10 views34 pages

Lecture 4

Uploaded by

Sanna Ali
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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BUSINESS

MATHEMATICS
&
STATISTICS
LECTURE 4
Review Lecture 3
Calculating simple or
weighted averages
Using Microsoft Excel
Lecture 3 Review
WORKSHEET
Remuneration.xls
Average
(Arithmetic Mean)
=
Sum /N
Sum= Total of
numbers
N= Number of numbers
EXAMPLE 1
Numbers:10, 7, 9, 27, 2
Sum:
= 10+7+9+27+2 = 55
Numbers = 5
Average = 55/5 = 11
ADDING NUMBERS USING
MICROSOFT EXCEL
1. Add numbers as you type them
2. Add all numbers in a contiguous row or
column
3. Add numbers that are not in a contiguous
row or column
4. Add numbers based on one condition
5. Add numbers based on multiple
conditions
6. Add numbers based on criteria stored in
a separate range
7. Add numbers based on multiple
conditions with the Conditional Sum
Wizard
Add numbers
Add numbers as you
type them
Type =5+10 in a cell
Result 15.
See Example 2
Add all numbers in a
contiguous row or
column
1. Click a cell below the
column of numbers or to
the right of the row of
numbers
2. Click AutoSum
3. Press ENTER
See Example 2
Add numbers that are
not in a contiguous
row or column
Use the SUM function
See Example 3
Add numbers based on
one condition
Use the SUMIF function
to create a total value
for one range,
based on a value in another
range
Similar to Example 4
Add numbers based on
multiple conditions
Use the IF and SUM
functions
to do this task
See Example 4
Add numbers based on
criteria stored in a
separate range

Use the DSUM function


to do this task
Study DSUM Example
DSUM
Adds the numbers in a column of a list or
database that match conditions you specify.
Syntax
DSUM(database,field,criteria)
Database is the range of cells that makes up
the list or database.
Field indicates which column is used in the
function.
Criteria is the range of cells that contains the
conditions you specify.
DSUM
EXAMPLE
=DSUM(A4:E10;"Profit“;A1:F2)
The total profit from apple trees
with a height between 10 and
16 (75)
AVERAGE USING
MICROSOFT EXCEL
1. Calculate the average of
numbers in a contiguous row or
column
2. Calculate the average of
numbers not in a contiguous row
or column
AVERAGE
Returns the average (arithmetic
mean) of the arguments.
Syntax
AVERAGE(number1,number2,...)
Number1, number2, ... are 1 to 30
numeric arguments for which you
want the average.
WEIGHTED AVERAGE
Av.1 x weight 1 +
Av. 2 x weight 2 +..
Av. N x weight n
Weights in fractions
BUSINESS
MATHEMATICS
&
STATISTICS

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