Calculating the metrics in Excel:
1) Sample mean = Sum of data / No. of data points = 1539
2) Sample variance = Var(Xi) = 917030
3) Max = 3469, Min = 450
=> Range = Max - Min = 3019
4) Normal probability can be made in Excel using the following steps:
a) Sort the data in ascending order
b) Number the sorted data from 1 to n (n= sample size)
c) Calculate the cumulative probability for each data point, where cumulative probability = (i - 0.5)/n. Note that 450 appears twice in the sample.
d) Calculate the Z-score for each cum. probability value using NORMSINV() function
We get the following table:
Data | Sorted | Index | Cum. Prob. | Z-score |
450 | 450 | 1 | 0.01851852 | -2.08535557 |
450 | 450 | 2 | 0.05555556 | -1.59321882 |
473 | 452 | 3 | 0.09259259 | -1.32495769 |
507 | 453 | 4 | 0.12962963 | -1.12814365 |
457 | 457 | 5 | 0.16666667 | -0.96742157 |
452 | 473 | 6 | 0.2037037 | -0.82846465 |
453 | 507 | 7 | 0.24074074 | -0.70392179 |
1215 | 1066 | 8 | 0.27777778 | -0.5894558 |
1256 | 1085 | 9 | 0.31481481 | -0.48224821 |
1145 | 1111 | 10 | 0.35185185 | -0.38032564 |
1085 | 1145 | 11 | 0.38888889 | -0.28221615 |
1066 | 1215 | 12 | 0.42592593 | -0.18675612 |
1111 | 1254 | 13 | 0.46296296 | -0.09297185 |
1364 | 1256 | 14 | 0.5 | 0 |
1254 | 1364 | 15 | 0.53703704 | 0.09297185 |
1396 | 1396 | 16 | 0.57407407 | 0.18675612 |
1575 | 1575 | 17 | 0.61111111 | 0.28221615 |
1617 | 1617 | 18 | 0.64814815 | 0.38032564 |
1733 | 1733 | 19 | 0.68518519 | 0.48224821 |
2753 | 1911 | 20 | 0.72222222 | 0.5894558 |
3186 | 2588 | 21 | 0.75925926 | 0.70392179 |
3227 | 2635 | 22 | 0.7962963 | 0.82846465 |
3469 | 2725 | 23 | 0.83333333 | 0.96742157 |
1911 | 2753 | 24 | 0.87037037 | 1.12814365 |
2588 | 3186 | 25 | 0.90740741 | 1.32495769 |
2635 | 3227 | 26 | 0.94444444 | 1.59321882 |
2725 | 3469 | 27 | 0.98148148 | 2.08535557 |
Now, plotting the sorted data vs the Z-scores we get the following Normal Probability Plot:
USING MICROSOFT EXCEL PROGRAM Once you have built the Excel tables, with all the changes in...
Once you have built the Excel tables, with all the changes in different tables, and answered all the questions you have to send the work (Excel sheets and answered questions) to the professor using the Attach File function in Black Board to attach your document and send it to the professor. To use the Attach File enter the Course Content in Black Board. Select the Assignment Module 6, attach the file and submit. Solve the following problem and compute the...
Once you have answered all the questions you have to send the work the Attach File function in Black Board to attach your document and send it to the professor. To use the Attach File enter the Course Content in Black Board. Select the Assignment Module 8, attach the file and submit. To compute the type 1 error of hypothesis testing lets vary the sample size of the textbook example of the mean burn of the sample of propellants. Remember...
PLEASE WITH EXCEL MICROSOFT PROGRAM!!!!!!! Objective: This activity has the purpose of helping students calculate the benefit - cost ratio of each alternative and select the best alternative using the software Microsoft Excel. (Objective 4) Student Instructions: Read example to be used to compute the Benefit - Cost ratio. Textbook problem 10 - 4 (Sullivan W., Wicks E., and Patrick C.), page 468: A retrofitted space- heating system is being considered for a small office building. The system can be...