example 3-2 population mean vacation ski packages issue: determine the mean nightly revenue for the...
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Example 3-2 Population MeanVacation Ski Packages
Issue: Issue:
Determine the mean nightly revenue for the Determine the mean nightly revenue for the Foster City Hotel.Foster City Hotel.
Objective: Objective:
Use Excel to calculate the population mean Use Excel to calculate the population mean revenue Data File is revenue Data File is FosterCity.xlsFosterCity.xls
Open the Excel file called FosterCity.xls
Example 3-2 Population Mean
Option 1 – Use the Excel Average function.
Click the function wizard – Select Statistical category – Select Average
Example 3-2 Population Mean
Specify data range - Click OK
Example 3-2 Population Mean
Population Mean
Example 3-2 Population Mean
Optional Method: Select Tools, then Data Analysis
Example 3-2 Population Mean
Select Descriptive Statistics
Example 3-2 Population Mean
Define Data Range and select options
Example 3-2 Population Mean
Mean Revenue
Example 3-2 Population Mean
Example 3-6 Mean, Median and ModeWeigh-In-Motion
Example 3-6 Mean, Median and ModeWeigh-In-Motion
Issue: Issue:
Does the WIM scale produce gross weights Does the WIM scale produce gross weights that are close to the POE weights?that are close to the POE weights?
Objective: Objective:
Use Excel to develop histograms for the Use Excel to develop histograms for the weights from each scale and to compute the mean, weights from each scale and to compute the mean, median, and mode for each scale. The data file is median, and mode for each scale. The data file is Trucks.xls.Trucks.xls.
Open the data file called Trucks.xls
Data File contains 200 trucks. Last row is 201
Example 3-6 Mean, Median, and Mode
Optional method for determining the frequency distribution and histogram – use Pivot Tables – refer to example 2-8 in Chapter 2 for specifics
Example 3-6 Mean, Median, and Mode
Group the WIM weights by 10,000 pounds starting at 15,000 pounds (See Example 2-8 for specific steps required to group data.
Example 3-6 Mean, Median, and Mode
Highlight the frequencies and click on the Chart Wizard to develop “quick-and dirty” histogram
Example 3-6 Mean, Median, and Mode
Close Gaps by selecting bars – Right Clicking – select Format Data Series - then Options.
Example 3-6 Mean, Median, and Mode
Completed Histogram for WIM gross weights – Repeat the process for POE gross weights. Then compute mean, median and modes for both variables
Example 3-6 Mean, Median, and Mode
Select Tools – then select Data Analysis
Example 3-6 Mean, Median, and Mode
Click on Descriptive Statistics
Example 3-6 Mean, Median, and Mode
Define Data Range and select options
Example 3-6 Mean, Median, and Mode
Delete un-needed columns
Example 3-6 Mean, Median, and Mode
Mean, Median, and Mode
Example 3-6 Mean, Median, and Mode