Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A...
-
Upload
wilfrid-gregory -
Category
Documents
-
view
215 -
download
0
Transcript of Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A...
![Page 1: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/1.jpg)
Guide to Using Excel 2003 For Basic Statistical Applications
Guide to Using Excel 2003 For Basic Statistical Applications
To AccompanyTo Accompany
Business Statistics: A Decision Making Approach, 7th Ed.
Chapter 2:Chapter 2:
Graphs, Charts and Tables - Describing Graphs, Charts and Tables - Describing Your DataYour Data
ByBy
Groebner, Shannon, Fry, & SmithGroebner, Shannon, Fry, & SmithPrentice-Hall Publishing CompanyPrentice-Hall Publishing Company
Copyright, 2008Copyright, 2008
![Page 2: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/2.jpg)
Chapter 2 Excel 2003 Examples Frequency Distributions -
Athletic Shoe Survey Histograms-
Capital Credit Union Joint Frequency Distributions-
Capital Credit Union Joint Relative Frequencies-
Capital Credit Union
More Examples
![Page 3: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/3.jpg)
Chapter 2 Excel Examples (continued)Chapter 2 Excel Examples (continued)
Bar Charts-
Bach, Lombard & Wilson Line Charts-
McGregor Vineyards Scatter Diagrams-
Personal Computers
![Page 4: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/4.jpg)
Frequency Distributions Athletic Shoe SurveyFrequency Distributions Athletic Shoe Survey
Issue: Issue:
Analyze the data from a survey of 100 Analyze the data from a survey of 100 college students regarding the number of Nike college students regarding the number of Nike shoes they own.shoes they own.
Objective: Objective:
Use Excel to develop a frequency Use Excel to develop a frequency distribution for the number of Nike shoes owned distribution for the number of Nike shoes owned by college students. Data File is by college students. Data File is SportShoes.xlsSportShoes.xls
![Page 5: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/5.jpg)
Open the Excel file called SportShoes.xls
File contains 100 observations - Last row is 101 - Column E contains the Number of Nike Shoes Owned
Frequency Distributions-Athletic Shoe Survey
![Page 6: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/6.jpg)
Enter Possible Number of Shoes Owned
Frequency Distributions-Athletic Shoe Survey
![Page 7: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/7.jpg)
Highlight range of cells to hold frequency counts
Frequency Distributions-Athletic Shoe Survey
![Page 8: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/8.jpg)
Click on
(function wizard)
Select Statistical option
Select Frequency function
Frequency Distributions-Athletic Shoe Survey
![Page 9: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/9.jpg)
Enter the cells containing the possible values for the variable
Last Step -- Press Ctrl -Shift - Enter
Don’t Press OK
Frequency Distributions-Athletic Shoe Survey
Enter the cells containing the data
![Page 10: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/10.jpg)
Resulting Frequency Counts
Frequency Distributions-Athletic Shoe Survey
![Page 11: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/11.jpg)
HistogramsCapital Credit UnionHistogramsCapital Credit Union
Issue: Issue:
Analyze credit card balances for Capital Analyze credit card balances for Capital Credit Union customers using a frequency Credit Union customers using a frequency distribution and histogram.distribution and histogram.
Objective: Objective:
Use Excel to develop a frequency Use Excel to develop a frequency distribution and histogram for credit card distribution and histogram for credit card balances. Use ten class intervals. Data file is balances. Use ten class intervals. Data file is Capital.xlsCapital.xls
![Page 12: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/12.jpg)
Open the Excel file called Capital.xls
File contains 300 observations - Last row is 301 - Column B contains the balances
Histograms-Capital Credit Union
![Page 13: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/13.jpg)
Use Excel Max function to determine largest value
Histograms-Capital Credit Union
![Page 14: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/14.jpg)
Use Excel Min function to determine largest value
Histograms-Capital Credit Union
![Page 15: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/15.jpg)
Compute Class Width
Round Up to $150.00
139.410
99.001493.00 w
$90 to less than $240 $240 to less than $390 Class Intervals$390 to less than $540
etc….
Histograms-Capital Credit Union
![Page 16: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/16.jpg)
Construct the Bins (the upper limit of each class.
Histograms-Capital Credit Union
![Page 17: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/17.jpg)
Select Tools and Data Analysis
Histograms-Capital Credit Union
![Page 18: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/18.jpg)
Select the Histogram option
Histograms-Capital Credit Union
![Page 19: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/19.jpg)
Complete the Histogram Wizard - Note, check Chart Output. Placing output on a new worksheet is optional.
Histograms-Capital Credit Union
![Page 20: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/20.jpg)
This is Excel’s Default Output. You need to make some modifications to make it acceptable for most applications.
Histograms-Capital Credit Union
![Page 21: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/21.jpg)
Select the graph by clicking it. Note, the points on the graph boarder indicate it has been selected.
Enlarge Graph by dragging from lower right corner down and to the right.
Histograms-Capital Credit Union
![Page 22: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/22.jpg)
Histograms should have no gaps between the bars!
Select the bars on the graph by clicking on any bar - then right click.
Histograms-Capital Credit Union
![Page 23: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/23.jpg)
Click on Selected Object
Histograms-Capital Credit Union
![Page 24: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/24.jpg)
Click on Options tab
Histograms-Capital Credit Union
![Page 25: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/25.jpg)
Set Gap Width to 0 to close the gaps between the bars - click OK
Histograms-Capital Credit Union
![Page 26: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/26.jpg)
Label the Graph Variable – Select the “Bin” Label and type desired label. Press the Enter key.
Histograms-Capital Credit Union
![Page 27: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/27.jpg)
The legend is not needed. Select it and press the delete key
Histograms-Capital Credit Union
![Page 28: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/28.jpg)
1. Enter Correct Group Labels
2. Select the horizontal axis line
3. Select Format Axis
Histograms-Capital Credit Union
![Page 29: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/29.jpg)
Select Font and make desired changes.
Histograms-Capital Credit Union
![Page 30: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/30.jpg)
Select Alignment and make desired changes.
Histograms-Capital Credit Union
![Page 31: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/31.jpg)
Select the “More” row and press the Delete key
Histograms-Capital Credit Union
![Page 32: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/32.jpg)
You can make other modifications to the histogram – color, labels, size, etc.
Histograms-Capital Credit Union
![Page 33: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/33.jpg)
Joint Frequency Distributions Capital Credit UnionJoint Frequency Distributions Capital Credit Union
Issue: Issue:
Analyze the credit card balances by Analyze the credit card balances by gender of the card holder.gender of the card holder.
Objective: Objective:
Use Excel to develop a joint frequency Use Excel to develop a joint frequency distribution for the credit card balances by distribution for the credit card balances by gender. Data File is gender. Data File is Capital.xlsCapital.xls
![Page 34: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/34.jpg)
Open the Excel file called Capital.xls
File contains 300 observations - Last row is 301 - Column B contains the balances – Column C contains the gender codes
Joint Frequency Distributions-Capital Credit Union
![Page 35: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/35.jpg)
1. Place cursor in any data cell.
2. Select Data and Pivot Table and Pivot Chart Report
Joint Frequency Distributions-Capital Credit Union
![Page 36: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/36.jpg)
Click on Next
Joint Frequency Distributions-Capital Credit Union
![Page 37: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/37.jpg)
Make sure that the data range is correct and then click on Next
Joint Frequency Distributions-Capital Credit Union
![Page 38: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/38.jpg)
We recommend putting the pivot table on a new worksheet
Click Options
Joint Frequency Distributions-Capital Credit Union
![Page 39: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/39.jpg)
Select desired Options
Joint Frequency Distributions-Capital Credit Union
![Page 40: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/40.jpg)
Click Layout
Joint Frequency Distributions-Capital Credit Union
![Page 41: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/41.jpg)
Drag Balance to row and Gender to column.
To get frequency count, drag any variable to the Data area.
Joint Frequency Distributions-Capital Credit Union
![Page 42: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/42.jpg)
We want a frequency count, not a sum. Double click on column.
Joint Frequency Distributions-Capital Credit Union
![Page 43: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/43.jpg)
Select Count - Click OK
Joint Frequency Distributions-Capital Credit Union
![Page 44: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/44.jpg)
Click OK
Joint Frequency Distributions-Capital Credit Union
![Page 45: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/45.jpg)
Click Finish
Joint Frequency Distributions-Capital Credit Union
![Page 46: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/46.jpg)
Joint Frequency Distribution. However, we need to group the balance variable to gain information.
Joint Frequency Distributions-Capital Credit Union
![Page 47: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/47.jpg)
Place cursor in any balance cell. Then right click.
Joint Frequency Distributions-Capital Credit Union
![Page 48: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/48.jpg)
Select Group and Outline – then select Group
Joint Frequency Distributions-Capital Credit Union
![Page 49: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/49.jpg)
By: is the group width. Change to 150 – click on OK
Joint Frequency Distributions-Capital Credit Union
![Page 50: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/50.jpg)
Completed Joint Frequency Distribution
Joint Frequency Distributions-Capital Credit Union
![Page 51: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/51.jpg)
Objective: Objective:
Use Excel to develop a Use Excel to develop a joint relative joint relative frequencyfrequency distribution for the credit card balances distribution for the credit card balances by gender. Data File is by gender. Data File is Capital.xls Capital.xls
Note: See Previous Example for Beginning Note: See Previous Example for Beginning Pivot Table Instructions.Pivot Table Instructions.
Joint Relative Frequencies Capital Credit Union
![Page 52: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/52.jpg)
Place Cursor in any cell in the table – Right Click – select Pivot Table Wizard.
Joint Relative Frequencies-Capital Credit Union
![Page 53: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/53.jpg)
Select Layout
Joint Relative Frequencies-Capital Credit Union
![Page 54: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/54.jpg)
Double Click on Data field
Joint Relative Frequencies-Capital Credit Union
![Page 55: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/55.jpg)
Click on Options
Joint Relative Frequencies-Capital Credit Union
![Page 56: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/56.jpg)
Click of % of Total in Show data as area – then OK
Joint Relative Frequencies-Capital Credit Union
![Page 57: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/57.jpg)
Click OK
Joint Relative Frequencies-Capital Credit Union
![Page 58: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/58.jpg)
Click Finish
Joint Relative Frequencies-Capital Credit Union
![Page 59: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/59.jpg)
Completed Joint Relative Frequency Distribution
Joint Relative Frequencies-Capital Credit Union
![Page 60: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/60.jpg)
Bar ChartsBach, Lombard, & Wilson
Bar ChartsBach, Lombard, & Wilson
Issue: Issue:
An electronics company is being sued on An electronics company is being sued on the grounds that female new hires are paid less the grounds that female new hires are paid less than male new hires. The law firm needs to than male new hires. The law firm needs to analyze salary data to prepare the case.analyze salary data to prepare the case.
Objective: Objective:
Use Excel to develop bar charts for the Use Excel to develop bar charts for the starting salary data for males and females. Data starting salary data for males and females. Data File is File is Bach.xlsBach.xls
![Page 61: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/61.jpg)
Open the Excel file called Bach.xls
Bar Charts-Bach, Lombard & Wilson
![Page 62: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/62.jpg)
Select the data in Columns A-C.
Select Chart Wizard. Select Column Option
Bar Charts-Bach, Lombard & Wilson
![Page 63: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/63.jpg)
Define X-axis range (Years)
Remove Years Variable from Graph
Select Series tab
Bar Charts-Bach, Lombard & Wilson
![Page 64: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/64.jpg)
Enter labels for Groups
Series 2 = Males
Series 3 = Females
Bar Charts-Bach, Lombard & Wilson
![Page 65: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/65.jpg)
Enter Chart Titles and Make other desired format changes
Bar Charts-Bach, Lombard & Wilson
![Page 66: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/66.jpg)
Completed Bar Chart – Males have higher starting salaries each year.
Bar Charts-Bach, Lombard & Wilson
![Page 67: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/67.jpg)
Bar Charts-Bach, Lombard, & Wilson (continued)
Bar Charts-Bach, Lombard, & Wilson (continued)
Issue: Issue:
An electronics company is being sued on An electronics company is being sued on the grounds that female new hires are paid less the grounds that female new hires are paid less than male new hires. The law firm needs to than male new hires. The law firm needs to analyze salary data to prepare the case.analyze salary data to prepare the case.
Objective: Objective:
Use Excel to develop bar chart for the Use Excel to develop bar chart for the average starting salary of males and females average starting salary of males and females hired with and without MBA’shired with and without MBA’s. Data File is . Data File is Bach.xlsBach.xls
![Page 68: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/68.jpg)
Select Data from Columns G - J
Click on Chart Wizard.
Select Bar option
Bar Charts-Bach, Lombard & Wilson
![Page 69: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/69.jpg)
Enter Chart Titles and Make other desired format changes
Bar Charts-Bach, Lombard & Wilson
![Page 70: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/70.jpg)
To Modify Colors, Select the bars, Right Click – Choose Selected Object, then Click Options, Select Vary Colors by Point
Bar Charts-Bach, Lombard & Wilson
![Page 71: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/71.jpg)
To Show the data values on the bars, select Data Labels – click Show value.
Bar Charts-Bach, Lombard & Wilson
![Page 72: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/72.jpg)
Completed Bar Chart – Females with MBA’s paid higher than males on Average
Bar Charts-Bach, Lombard & Wilson
![Page 73: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/73.jpg)
Line Charts- McGregor VineyardsLine Charts- McGregor Vineyards
Issue: Issue:
Analyze the sales and profits data over Analyze the sales and profits data over time.time.
Objective: Objective:
Use Excel to develop line charts for Use Excel to develop line charts for weekly sales and profits. Data File is weekly sales and profits. Data File is McGregor.xlsMcGregor.xls
![Page 74: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/74.jpg)
Open the Excel file called McGregor.xls
File contains 20 weeks of historical data - last row is 21
Line Charts-McGregor Vineyards
![Page 75: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/75.jpg)
Highlight the variable (Sales) to graphed.
Click on Chart Wizard
Line Charts-McGregor Vineyards
![Page 76: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/76.jpg)
Select Line chart type and desired sub-type – then click on Next
Line Charts-McGregor Vineyards
![Page 77: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/77.jpg)
Click on Series Tab – Enter data range containing the X-axis labels – then Next
Line Charts-McGregor Vineyards
![Page 78: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/78.jpg)
Add Titles –remove legend, etc.
Line Charts-McGregor Vineyards
![Page 79: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/79.jpg)
Determine location for graph.
Line Charts-McGregor Vineyards
![Page 80: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/80.jpg)
Optionally, to remove/change background color, select the graph – right click – select Format Plot Area
Line Charts-McGregor Vineyards
![Page 81: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/81.jpg)
To remove background, set Boarder and Area to None
Line Charts-McGregor Vineyards
![Page 82: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/82.jpg)
Finished Line Chart for Sales – Now repeat the process for the Profit Variable.
Line Charts-McGregor Vineyards
![Page 83: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/83.jpg)
Completed - Two individual line graphs.
Next, graph both variables on the one line graph
Line Charts-McGregor Vineyards
![Page 84: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/84.jpg)
Highlight both variables – click on the Chart Wizard
Line Charts-McGregor Vineyards
![Page 85: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/85.jpg)
Select Line chart type and desired sub-type – then click on Next
Line Charts-McGregor Vineyards
![Page 86: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/86.jpg)
Click on Series Tab – Enter data range containing the X-axis labels – then Next
Line Charts-McGregor Vineyards
![Page 87: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/87.jpg)
Add Titles –remove grid-lines, etc.
Line Charts-McGregor Vineyards
![Page 88: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/88.jpg)
Determine location for graph.
Line Charts-McGregor Vineyards
![Page 89: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/89.jpg)
Completed Line chart with two variables graphed - Notice the scale problem.
We need to develop a line chart with two vertical scales
Line Charts-McGregor Vineyards
![Page 90: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/90.jpg)
Select the chart – right click – select Chart Type
Line Charts-McGregor Vineyards
![Page 91: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/91.jpg)
Click on Custom Types – then select Lines on 2 Axis – click OK
Line Charts-McGregor Vineyards
![Page 92: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/92.jpg)
Completed Line graph – Need to add labels
Line Charts-McGregor Vineyards
![Page 93: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/93.jpg)
Select entire chart – right click – select Chart Options
Line Charts-McGregor Vineyards
![Page 94: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/94.jpg)
Add Titles
Line Charts-McGregor Vineyards
![Page 95: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/95.jpg)
Completed Line Chart with Two Variables and Two Axes.
Line Charts-McGregor Vineyards
![Page 96: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/96.jpg)
Scatter Diagrams- Personal ComputersScatter Diagrams- Personal Computers
Issue: Issue:
Analyze the relationship between PC sales Analyze the relationship between PC sales price and the processing speed of the PCprice and the processing speed of the PC
Objective: Objective:
Use Excel to develop a scatter diagram for Use Excel to develop a scatter diagram for PC price and speed. Data File is PC price and speed. Data File is Personal Personal Computers.xlsComputers.xls
![Page 97: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/97.jpg)
Open the Excel file called Personal Computers.xls
File contains data for 13 PC’s
Scatter Diagrams- Personal Computers
![Page 98: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/98.jpg)
Scatter Diagrams- Personal Computers
Highlight the data making sure to include the variables to be graphed.
![Page 99: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/99.jpg)
Click on the Chart Wizard and then select XY (Scatter) the Next
Scatter Diagrams- Personal Computers
![Page 100: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/100.jpg)
Click Next
Scatter Diagrams- Personal Computers
![Page 101: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/101.jpg)
Enter Titles, remove grid lines and legend – then click on Next
Scatter Diagrams- Personal Computers
![Page 102: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/102.jpg)
Specify Location for the Graph – then click Next
Scatter Diagrams- Personal Computers
![Page 103: Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 2: Graphs, Charts.](https://reader036.fdocuments.in/reader036/viewer/2022062421/56649e435503460f94b36650/html5/thumbnails/103.jpg)
Completed Scatter Diagram
Scatter Diagrams- Personal Computers