STEP 1: Download the excel template located under files named “Project 4 Template” Then use it to setup your spreadsheet labeled “Set up your spreadsheet pdf”
STEP 2: With the spreadsheet set up and saved add the data section if needing help there is a file labeled “PRO Example”
STEP 3: With your data built, you are now ready to start using some tools to summarize the data, using Countif and the Sum function to do the math. In this step, you’ll begin to see patterns in the data and the story of the workforce. There is a Microsoft file to explain how labeled “Summarize the Data”
STEP 4: You’ve summarized the data. Next, you will employ descriptive or summary statistics to analyze the workforce. Your summary tables described “how many.” Now you will calculate mean, median, and mode for the categories of data, and derive the deviation, variance, and dispersion, and distribution. This is where it gets interesting!
You will be working in section 3 of the Data tab in the spreadsheet to complete the descriptive statistics for the five categories (Salary, Hourly Rate, Years of Service, Education, and Age). Using Excel formulas, complete the table.
After you have used Excel formulas to find this information, you will next use the Toolpak to find your summary statistics.
Step 5: With your data set built, you will now use the Analysis Toolpak to do those same functions. This is a handy feature to know. Remember that there may be some minor differences in the answers depending on the version.
You should now have Tab 2 complete: Excel Summary Stats. Next, you’ll create charts and a histogram for Tabs 3 and 4.
Step 6: Where would we be without the ability to view data in charts? It is sometimes easier to grasp context of data if we can see it captured in an image. In this step, you will work with data to create charts, adding a tab for charts, and another for a histogram.
In this step, you will build Tab 3: Graphs—Charts and Tab 4: Histogram. After you complete these tabs, you’ll be ready to sort the data.
Step 7: You’ve accomplished a lot with your data set, summary stats, charts, and histograms. Another skill you’ll need to be able to do is sort data in an Excel worksheet for reporting purposes. You’ll copy and sort the data.. This is a good skill that applies to any Excel application.
In this step, you will create Tab 5: Sorted Data. When you’re finished, you’ll be ready to conduct your quantitative analysis.
See below for example of sorted spreadsheet.
In this step, your hard work bears fruit. What does it all mean? Think back to your boss’s reasons for tasking you with this project. Bring your powers of analysis to bear to determine what the data may be telling you. Apply your quantitative reasoning skillsby answering the questions provided in the resource and writing a short essay.
After you answer the questions, your short essay should include:
• a one-paragraph narrative summary of your findings, describing patterns of interest
• an explanation of the potential relevance of such patterns
• a description of how you would investigate further to determine if your results could be perceived as good or bad for the company.
You will prepare your responses in your workbook on the tab named QR Analysis. Type in your answers to the questions as well as the final essay in the textbox, and move the QR tab to the first tab position ( to the left of the Data tab) when you have finished.
STEP 9: You’re now ready to submit your workbook and analysis. Review the requirements for the final deliverable to be sure you have:
1. Excel Workbook with Six Tabs
o Tab 1: Data—completed data sheet (Steps 1–6 above)
o Tab 2: Excel Summary Stats (Step 6)
o Tab 3: Graphs—Charts (Step 7)
o Tab 4: Histogram (Step 7)
o Tab 5: Sorted Data (Step 8)
Quantitative Analysis (Step 9; see detail below and move to first position upon completion.)
2. Answers to Questions and Short Essay
Prepare your response in this workbook. Create a tab for Quantitative Analysis, create a text box, and paste your answers to the questions and your essay in it. Move the Quantitative Analysis tab to the first tab position.
Make sure the following tabs are included in your final workbook:
o Quantitative Analysis
o Data
o Excel Summary Stats
o Graphs–Charts
o Histogram
o Sorted Data
3. Format to Be Printed
Format this workbook so that all the spreadsheets can be printed.
Before you submit your assignment, review the competencies below, which your instructor will use to evaluate your work. A good practice would be to use each competency as a self-check to confirm you have incorporated all of them in your work.
• 1.1: Organize document or presentation clearly in a manner that promotes understanding and meets the requirements of the assignment.
• 1.2: Develop coherent paragraphs or points so that each is internally unified and so that each functions as part of the whole document or presentation.
• 1.4: Tailor communications to the audience.
• 1.5: Use sentence structure appropriate to the task, message and audience.
• 1.6: Follow conventions of Standard Written English.
• 3.1: Identify numerical or mathematical information that is relevant in a problem or situation.
• 3.2: Employ mathematical or statistical operations and data analysis techniques to arrive at a correct or optimal solution.
• 3.3: Analyze mathematical or statistical information, or the results of quantitative inquiry and manipulation of data.
• 3.4: Employ software applications and analytic tools to analyze, visualize, and present data to inform decision-making.
