1. ACOT Intro/Copyright Succeeding in Business with Microsoft Excel 2010: Chapter1

2. Course Learning Outcomes Upon completion of this course, students will be able to: Navigate online computer platforms to acquire and distribute information. Apply Excel skills and tools in business problem solving. Solve problems with statistical analysis tools. Apply logic in decision making. Retrieve data for computation, analysis, and reference. Evaluate the financial impact of loans and investments. Organize data for effective analysis. Apply data tables and excel scenarios for what-if analysis. Synthesize smart worksheets. Enhance decision making with Solver. Succeeding in Business with Microsoft Excel 2010: Chapter2

3. Roadmap Chapter 2 Solving Problems with Statistical Analysis Tools Succeeding in Business with Microsoft Excel 2010: Chapter3

4. Chapter Objectives Succeeding in Business with Microsoft Excel 2010: Chapter4

5. Understanding Fundamentals of Statistics MeanArithmetic average of a set of numbers MedianValue in the middle ModeOccurs most frequently Standard deviation How closely together the values are dispersed from the arithmetic mean Normal distribution Mean, median, and mode are the same value Succeeding in Business with Microsoft Office Excel 20105 Level 1 home

6. Understanding Fundamentals of Statistics Succeeding in Business with Microsoft Office Excel 20106 Level 1 home

7. Understanding Fundamentals of Statistics Succeeding in Business with Microsoft Office Excel 20107 Level 1 home

8. Check on Learning Succeeding in Business with Microsoft Excel 2010: Chapter8

9. Check on Learning Succeeding in Business with Microsoft Excel 2010: Chapter9

10. Check on Learning Succeeding in Business with Microsoft Excel 2010: Chapter10

11. Controlling the Precision of Data Using the ROUND Function Changes precision of data values stored =ROUND (number,num_digits) Two different types of arguments Succeeding in Business with Microsoft Office Excel 201011 Level 1 home

12. Importance of adhering to function syntax when working with multiple arguments Succeeding in Business with Microsoft Excel 2010: Chapter12

13. The ROUND Function Succeeding in Business with Microsoft Office Excel 201013 Level 1 home

14. Controlling the Precision of Data Succeeding in Business with Microsoft Office Excel 201014 Level 1 home

15. Check on Learning Succeeding in Business with Microsoft Excel 2010: Chapter15

16. Check on Learning Succeeding in Business with Microsoft Excel 2010: Chapter16

17. Using Paste Special to Copy and Paste Data Simplest method: Copy button and Paste button in the Clipboard group on the Home tab Succeeding in Business with Microsoft Office Excel 201017 Level 1 home

18. Using Paste Special Succeeding in Business with Microsoft Office Excel 201018 Level 1 home

19. “Set precision as displayed” option Succeeding in Business with Microsoft Excel 2010: Chapter19

20. Check on Learning Succeeding in Business with Microsoft Excel 2010: Chapter20

21. Check on Learning Succeeding in Business with Microsoft Excel 2010: Chapter21

22. Calculating the Mean, Median, Mode, and Standard Deviation Contain only one type of argument – a list of values – Constants – Cell references – Range of cells along a column – Range of cells along a row – Two-dimensional block of cells Succeeding in Business with Microsoft Office Excel 201022 Level 1 home

23. Statistical Functions Succeeding in Business with Microsoft Office Excel 201023 Level 1 home

24. Statistical Functions Succeeding in Business with Microsoft Office Excel 201024 Level 1 home

25. Managing Large Worksheets by Freezing Panes and Splitting the Window Freezing panes – Keeps titles displayed in top pane; allows bottom pane to be scrolled – Both titles and values further down are displayed simultaneously Succeeding in Business with Microsoft Office Excel 201025 Level 1 home

26. Managing Large Worksheets by Freezing Panes and Splitting the Window Splitting the window – Allows you to scroll each portion individually, top/bottom and left/right, with separate scroll bars Succeeding in Business with Microsoft Excel 2010: Chapter26

27. Check on Learning Succeeding in Business with Microsoft Excel 2010: Chapter27

28. Check on Learning Succeeding in Business with Microsoft Excel 2010: Chapter28

29. Check on Learning Succeeding in Business with Microsoft Excel 2010: Chapter29

30. Comparing Current Values with Historical Values Use a Comparison worksheet – Places current values and historical values on a separate worksheet in the workbook, side by side Succeeding in Business with Microsoft Office Excel 201030 Level 1 home

31. Calculating the Difference Between Two Sets of Data Succeeding in Business with Microsoft Office Excel 201031 Level 1 home

32. Calculating the Percent Difference Between Two Sets of Data Succeeding in Business with Microsoft Office Excel 201032 Level 1 home

33. Check on Learning Succeeding in Business with Microsoft Excel 2010: Chapter33

34. Determining a Rank for Each Value in a Data Set RANK.EQ function – Allows a list to be sorted, then counts number of entries either above or below the value in question RANK.EQ (number,ref,order) – If “order” argument is 0 or left blank, values are ranked in descending order – If “order” argument is a positive number, values are ranked in ascending order Succeeding in Business with Microsoft Office Excel 201034 Level 2 home

35. Succeeding in Business with Microsoft Office Excel 201035 Level 2 home

36. Determining the Highest and Lowest Values in a Data Set LARGE function – Determines the n th largest value in a range – LARGE (array,k) SMALL function – Determines the n th smallest value in a range – SMALL (array,k) Succeeding in Business with Microsoft Office Excel 201036 Level 2 home

37. Determining Values Succeeding in Business with Microsoft Office Excel 201037 Level 2 home

38. Check on Learning Succeeding in Business with Microsoft Excel 2010: Chapter38

39. Check on Learning Succeeding in Business with Microsoft Excel 2010: Chapter39

40. Determining the Number of Items that Meet Specified Criteria COUNTIF function – Counts the number of items in a range that meet specified criteria – =COUNTIF (range,criteria) – Range argument must be a contiguous set of cells – Criteria argument is a “test” that data must meet in order to be counted in the grouping Succeeding in Business with Microsoft Office Excel 201040 Level 2 home

41. Types of Criteria Specified for the COUNTIF Function Succeeding in Business with Microsoft Office Excel 201041 Level 2 home

42. Relational Operators Succeeding in Business with Microsoft Office Excel 201042 Level 2 home

43. Sample Result of COUNTIF Function Succeeding in Business with Microsoft Office Excel 201043 Level 2 home

44. Determining a Total Value for Items that Meet Specified Criteria Use SUMIF function to add all values in a range that meet specified criteria – =SUMIF (range,criteria,sum_range) – Sum_range argument identifies corresponding cell range to sum if specified criteria have been met in the range established by the “range” argument Succeeding in Business with Microsoft Office Excel 201044 Level 2 home

45. Examples of SUMIF Function Succeeding in Business with Microsoft Office Excel 201045 Level 2 home

46. Check on Learning Succeeding in Business with Microsoft Excel 2010: Chapter46

47. Check on Learning Succeeding in Business with Microsoft Excel 2010: Chapter47

48. Check on Learning Succeeding in Business with Microsoft Excel 2010: Chapter48

49. Evaluating a Larger Data Set Separately list inputs, especially those likely to change or that you might want to explore with “what-if” scenarios If a large number of data inputs, place them on a separate worksheet or in a separate area on the same worksheet Succeeding in Business with Microsoft Office Excel 201049 Level 3 home

50. Specifying a Custom Number Format Use to alter format of a cell without altering the value Format codes – Can include up to four parts, each separated by a semicolon: one for positive numbers, one for negative numbers, one for zero values, one for text – Consist of combinations of symbols, each with a separate meaning Succeeding in Business with Microsoft Office Excel 201050 Level 3 home

51. Custom Number Formatting Code Succeeding in Business with Microsoft Office Excel 201051 Level 3 home

52. Custom Number Formatting Codes Succeeding in Business with Microsoft Office Excel 201052 Level 3 home

53. Check on Learning Succeeding in Business with Microsoft Excel 2010: Chapter53

54. Check on Learning Succeeding in Business with Microsoft Excel 2010: Chapter54

55. Check on Learning Succeeding in Business with Microsoft Excel 2010: Chapter55

56. Considering Alternatives: What-if Analysis and Goal Seek What-if analysis – Determines the outcome of changing one or more input values and evaluates the recalculated results Goal Seek tool – Specifies the outcome you want and which input value you want to vary – Excel automatically calculates the solution Succeeding in Business with Microsoft Office Excel 201056 Level 3 home

57. Using Goal Seek Succeeding in Business with Microsoft Office Excel 201057 Level 3 home

58. Using Goal Seek Succeeding in Business with Microsoft Office Excel 201058 Level 3 home

59. Using Goal Seek Succeeding in Business with Microsoft Office Excel 201059 Level 3 home

60. Using Goal Seek Succeeding in Business with Microsoft Office Excel 201060 Level 3 home

61. Limitations of Goal Seek Allows you to vary only a single output Input must be a constant value, not a value derived from a formula Succeeding in Business with Microsoft Office Excel 201061 Level 3 home

62. Check on Learning Succeeding in Business with Microsoft Excel 2010: Chapter62

63. Check on Learning Succeeding in Business with Microsoft Excel 2010: Chapter63

64. Check on Learning Succeeding in Business with Microsoft Excel 2010: Chapter64

65. Combining COUNTIF and AVERAGEIF to Analyze Data in Specific Categories Succeeding in Business with Microsoft Office Excel 201065 Level 3 home

66. Analyzing Data Through Simulation Analytical method that creates artificially generated data to imitate real data Easily calculated and recalculated to show different possible outcomes (as opposed to most probable outcome or even extreme limits) Succeeding in Business with Microsoft Office Excel 201066 Level 3 home

67. Simulation Worksheet Succeeding in Business with Microsoft Office Excel 201067 Level 3 home

68. Functions Used in Simulation Use RANDBETWEEN function to randomly assign a number between two values – RANDBETWEEN (bottom,top) Use RAND function to assign a random value – Has no arguments, but must include parentheses Use ROUND function to calculate probable costs Succeeding in Business with Microsoft Office Excel 201068 Level 3 home

69. Automation Calculation Succeeding in Business with Microsoft Office Excel 201069 Level 3 home

70. Check on Learning Succeeding in Business with Microsoft Excel 2010: Chapter70

71. Check on Learning Succeeding in Business with Microsoft Excel 2010: Chapter71

72. Check on Learning Succeeding in Business with Microsoft Excel 2010: Chapter72

73. Chapter Summary Using statistical functions to compare data values Organizing and evaluating different data groupings Extending the analysis with what-if, Goal Seek, and simulation Succeeding in Business with Microsoft Office Excel 201073

74. Chapter Objectives Succeeding in Business with Microsoft Excel 2010: Chapter74