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(Mat210) Lessons 1

The document outlines the use of statistical functions in Excel, including how to define ranges and calculate minimum, maximum, and average values. It also covers the addition of the Data Analysis Toolpak and the importance of understanding variability through concepts like range, mean absolute deviation, and standard deviation. Key formulas and steps for performing these analyses are provided.

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2 views11 pages

(Mat210) Lessons 1

The document outlines the use of statistical functions in Excel, including how to define ranges and calculate minimum, maximum, and average values. It also covers the addition of the Data Analysis Toolpak and the importance of understanding variability through concepts like range, mean absolute deviation, and standard deviation. Key formulas and steps for performing these analyses are provided.

Uploaded by

jamesc4576
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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LESSON 1A: Using Statistical Functions

The 3 different groups of statistical functions

Description: Taking statistics( a set of numbers) and looking ways to describe


those numbers

Prediction: How to use existing measurements to predict what will happen in


the future

Inference: The ability to infer something about the population by measuring


something from that population

There are many types of functions available in excel

To refer to a range of number you have to define(name) it

To define the name of a row you must

1) Select the row that you want to highlight


2) Right Click
3) There will be a box near the bottom that says “Define Name”
4) Name it
5) Now whenever you want to refer to that range you can use that name

To find the minimum value of a range

1) Make sure the range is defined


2) Use the command (=MIN(NAME OF ROW)

To find the maximum value of a range

1) Make sure range is defined


2) Use the command(=MAX(NAME OF ROW)

To find the mean of a range

1) Make sure range is defined


2) Use the command (=AVERAGE(NAME OF ROW)

The (Average If) is the average range of numbers of a specific group that you
define

OR ( The mean for a specific group)


^^^ Meaning a range different from the one already named

The range we are applying criterion to could be the same range we are
finding the average from or different

Use formula(=AVERAGEIF(RANGE

E.X: =AVERAGEIF(A4:A51,”=*12”, PolicySalesOrlando)

Range: (A4:A51)

Criteria: “=*12” -This means that in the range of A4 to A51 something with
12 at the end

Average Range: The name of row of range

LESSON 2A: All you Need to Know About Using Data Analysis Tools

To add data analysis tool pack you must

1.) Go to file
2.) Press options
3.) In excel options press add ins
4.) On the bottom where is says manage
5.) Click Excel Add ins
6.) Press go button
7.) Click on analysis toolpak then press ok
8.) On data tab in data analysis then it should be there
Excel 2016 Data Analysis ToolResources

TO FIND THE:
you need to group the row/column and then go to Autosum

Then it will use the command on the selected boxes to give you the
desired result.

You can edit the style of the cells by highlighting the cells you want to
change then going to HOME and Cell styles

he mean is the middle point of a set of values, whereas ...


 The median is the middle point of a set of cases

Lesson 3: Understanding Variability

VIDEO NOTES

The variability or dispersion of a variable is often important in practice.

The range is the difference between the

largest and smallest observations:


Range = Maximum — Minimum

Sample of 4 observations: 45, 64, 68, 51

Range = 68-45=23

Range doesn’t tell us about spread

Better measures of variability are based on

the deviations from the mean:

DEVIATION IS

(VALUE OF OBSERVATION – THE MEAN)

X1-average(x)

Deviations are the signed distance from the mean

The sum of the deviations are always 0

-12+7+11+-6=0

The Mean Absolute Deviations(MAD)

Is the SUM of all the deviations (if negative positive) DIVIDED by the number
of observations

36/4=9 =MAD

^^^ DON”T REALLY USE THIS


MOSTLY THIS

S=Standard deviation( always a little bigger than MAD depending on


variables) (s)(grams)
MAD- Mean absolute deviation(grams)

Variance=s^2( grams^s)
SLIDE NOTES
SAMPLE DEVIATION FORMULA:
: <<<< MEANS THROUGH EX(B2:B11) means B2 through B11

VARIANCE FORMULA:

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