Exam 8: Statistical Functions

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ANOVA stands for analysis of variability.

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In SUMIF,AVERAGEIF,and COUNTIF functions using text criteria,enclose the criteria in:

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Which function returns the standard deviation of a population including logical values and text?

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Both RANK.EQ and RANK.AVG functions have the same arguments.

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Match each of the following concepts to its most likely application:
Quartile 2
Lowest value in the dataset.Identical to using the MIN function.Allowed in QUARTILE.INC only
Quartile 3
Highest value within the dataset.Identical to using the MAX function.Allowed in QUARTILE.INC only
Quartile 0
The value at the 50th percentile
Correct Answer:
Verified
Premises:
Responses:
Quartile 2
Lowest value in the dataset.Identical to using the MIN function.Allowed in QUARTILE.INC only
Quartile 3
Highest value within the dataset.Identical to using the MAX function.Allowed in QUARTILE.INC only
Quartile 0
The value at the 50th percentile
Quartile 4
The value at the 25th percentile
Quartile 1
The value at the 75th percentile
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Which of the following outputs from an ANOVA summary report is used to determine the significance of the F-Test?

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________ determines how two sets of data from a sample vary simultaneously.

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To count the number of Finance majors in a list of students and their college majors,use the ________ function.

(Short Answer)
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Match each of the following concepts to its best description:
Random variation
Measures how 2 sets of an entire population data vary simultaneously
COVARIANCE.S
Normal unpredictable changes within a population dataset
Histogram
A charting option available in the Analysis Toolpak
Correct Answer:
Verified
Premises:
Responses:
Random variation
Measures how 2 sets of an entire population data vary simultaneously
COVARIANCE.S
Normal unpredictable changes within a population dataset
Histogram
A charting option available in the Analysis Toolpak
Critical value of F
Determines the significance of the F_Test
COVARIANCE.P
Measures how 2 sets of sample data vary simultaneously
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Why is it important to analyze the relationships between a sample and full population?

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STDEV.S calculates the standard deviation of a sample.

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A histogram requires ________ to tabulate data and return a frequency distribution table.

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Inferential statistics and Descriptive statistics are the same thing.

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The ________ function returns the forecasted values for a specific future target date using exponential smoothing.

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The ________ function returns the variance of a sample of numerical data

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________ is a measure of how two set of data vary simultaneously and is calculated by taking the average of each product of the deviation of a data point.

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Which of the following is not an ANOVA calculation type?

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What is the sum_range argument of: =SUMIF(A2: A64,"Green",C2: C64)?

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Correlation is a tool included on the Analysis ToolPak.

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

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