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Business Statistics Tutorial

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This is an example of business statistics tutorial. This document is useful for conducting business statistics tutorial.

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Shared by: pastor gallo
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Guide to Using Excel 2003 For Basic Statistical Applications To Accompany Business Statistics: A Decision Making Approach, 7th Ed. Chapter 1: The Where, Why and How of Data Collection By Groebner, Shannon, Fry, & Smith Prentice-Hall Publishing Company Copyright, 2008 Chapter 1 Excel 2003 Examples  Random Numbers Nordstrom’s Payroll Random Numbers Nordstrom’s Payroll Issue: Nordstrom’s wishes to survey ten of their 300 employees. Employees are numbered 1 to 300. Objective: Use Excel to generate 10 random numbers between 1 and 300. Values must be integer numbers corresponding to employee numbers Random Numbers – Nordstrom’s Payroll Click on Tools Click on Data Analysis Random Numbers – Nordstrom’s Payroll Select Random Number Generation Random Numbers – Nordstrom’s Payroll Note: Select Uniform Distribution Provide Required Inputs Random Numbers – Nordstrom’s Payroll Need to convert numbers to integers Note: Each time you use Random Number Generation, you will get a different string of random numbers Random Numbers – Nordstrom’s Payroll Highlight the Data Values Click the Decrease Decimal Button to Remove Decimal Places Random Numbers – Nordstrom’s Payroll 10 Random Numbers Between 0 and 300 These are the 10 employees to be selected
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