Exam 8: Statistical Functions

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Match each of the following concepts to its best description:
AVERAGEIFS
The range of values to be added together in conditional math functions
Criteria2
The function which returns the average of a given range of values which matches multiple criteria
Criteria
The second criteria in a function matching multiple criteria.
Correct Answer:
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AVERAGEIFS
The range of values to be added together in conditional math functions
Criteria2
The function which returns the average of a given range of values which matches multiple criteria
Criteria
The second criteria in a function matching multiple criteria.
Criteria_range1
The value to be matched in a conditional math function
Sum_range
The location of a criteria to be met in a function matching multiple criteria
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Correct Answer:
Verified

Which of the following functions determines the standard deviation of a sample?

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Correct Answer:
Verified

D

Which of the following is not an ANOVA calculation type?

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Verified

D

Match each of the following concepts to its best description:
COVARIANCE.P
Measures how 2 sets of an entire population data vary simultaneously
COVARIANCE.S
Normal unpredictable changes within a population dataset
Random variation
A charting option available in the Analysis Toolpak
Correct Answer:
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COVARIANCE.P
Measures how 2 sets of an entire population data vary simultaneously
COVARIANCE.S
Normal unpredictable changes within a population dataset
Random variation
A charting option available in the Analysis Toolpak
Histogram
Determines the significance of the F_Test
Critical value of F
Measures how 2 sets of sample data vary simultaneously
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In SUMIF, AVERAGEIF, and COUNTIF functions using text criteria, enclose the criteria in:

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The ________ function calculates the average, or arithmetic mean, of all cells in a range that meet a specific condition.

(Short Answer)
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Correlation is a tool included on the Analysis ToolPak.

(True/False)
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The ________ is the probability of a population being similarity to a sample.

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The ________ function returns the variance of a population.

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Match each of the following concepts to its best description:
Degrees of freedom
The mean square between/mean square within
P-value
The number of data points in the sample
Sum of Squares
Analysis of Variance
Correct Answer:
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Degrees of freedom
The mean square between/mean square within
P-value
The number of data points in the sample
Sum of Squares
Analysis of Variance
ANOVA
Sum of the squares of the data points in a sample
F ratio
Probability of a population being similar to the sample
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ANOVA stands for analysis of variability.

(True/False)
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________ returns the forecasted values of a target date using exponential smoothing.

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Which of the following is not an argument in the PERCENTRANK.INC and PERCENTRANK.EXC functions?

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Covariance has two functions associated with it - COVARIANCE.P and COVARIANCE.S.

(True/False)
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A Forecast worksheet is a business intelligence tool that projects trends based on historical data.

(True/False)
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Which function returns the standard deviation of a population including logical values and text?

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Why is it important to analyze the relationships between a sample and full population?

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What would be the result of this formula: =AVERAGEIF(A2:A64,"Green",C2:C64)?

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Match each of the following concepts to its best description:
FREQUENCY
Helps determine the strength of a relationship between two values
VARPA
Determines the number of occurrences of a value in a dataset
CORREL
Variance of a population including logical values and text
Correct Answer:
Verified
Premises:
Responses:
FREQUENCY
Helps determine the strength of a relationship between two values
VARPA
Determines the number of occurrences of a value in a dataset
CORREL
Variance of a population including logical values and text
BINS
Standard deviation of a population containing logical values and text
STDEVPA
Data ranges in which data can be categorized
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The ________ function will use average values to determine the rank of a number within a list if tied values are present.

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