BUS598 Excel Functions HandoutR2.docx

8/9/2019 BUS598 Excel Functions HandoutR2.docx

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Goldey-Beacom College

Quantitative Foundations and Business Applications

BUS598

Excel Functions andout

By

Fatma A!del-"aou#


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Special $%an&s to Step%anie Foste' #o' %e' elp in Editing $%is

andout

BUS598 Excel Functions andout('epa'ed !y Fatma A!del-"aou

)uly *+,*(age 2 o# 46


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Table of Contents

at% and $'ig Functions.................................................................................................................. /

SU("01UC$........................................................................................................................... /

"A21........................................................................................................................................ 3Statistical Functions........................................................................................................................ 4

C0U2$F................................................................................................................................... 4

C0U2$FS............................................................................................................................... ,,

20".26............................................................................................................................... ,*

A!solute and "elative "e#e'encing................................................................................................,5

7%at-# Analysis............................................................................................................................ ,4

Scena'io anage'...................................................................................................................... ,4

Goal See&................................................................................................................................... **

1ata $a!le.................................................................................................................................. *

Solve'............................................................................................................................................ *8

"e#e'ences.................................................................................................................................... +


)uly *+,*(age 3 o# 46


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Math and Trig Functions

SUMPRODUCT

"etu'ns t%e sum o# t%e p'oducts o# co''esponding a''ay components=SUMPRODUCT ([array1], [array2], [array3],...)

!a"#le$G'ades #o' a student in a class a'e 8+ in exam : 9+ in exam : 85 in t%e ;nal exam: and 9* #o'

t%e %ome


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/. Clic& 0&.

. n A''ay, put t%e cells t%at %ave t%e g'ades


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)uly *+,*(age 6 o# 46


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5. n A''ay* put t%e cells t%at %ave t%e


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R%)D

"etu'ns an evenly dist'i!uted 'andom 'eal num!e' g'eate' t%an o' eual to + and less t%an ,. Ane< 'andom 'eal num!e' is 'etu'ned eve'y time t%e


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Statistical Functions

COU)T+F

Counts t%e num!e' o# cells


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*. Clic& on nse't Function in t%e Fo'mulas ta!: and in t%e Sea'c% #o' a #unction dialog

!ox: type C0U2$F and clic& Go.

/. Clic& 0&


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. n "ange put t%e cells t%at %ave t%e g'ades

5. n C'ite'ia put you' c'ite'ion.


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3. ou' ans


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COU)T+FS

# you %ave t


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)ORM/+)0

"etu'ns t%e inve'se o# t%e no'mal cumulative dist'i!ution. NORM.IN"(#r$%a%&'&y,*an,+andardd*-)

!a"#le -$

$o uali#y #o' a police academy: candidates must sco'e in t%e top ,+= on a gene'al a!ility test.

Assume t%at test sco'es a'e no'mally dist'i!uted ?Sou'ce Bluman ?*++9@ Elementa'y Statistics 4t%

edition. cG'a< ill.@

%ns&er$

,. Clic& on t%e Fo'mulas ta!: Function Di!'a'y g'oup: o'e Functions catego'y: Statistical

and clic& on t%e a''o< and sc'oll do


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/. n t%e ean put *++.

. n t%e Standa'dLdev put *+.


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5. $%e ans


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ou' ans


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!a"#le$

ou


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At cell C5: B and A a'e 'eplaced !y B5 and A5


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hat+f %nalsis

By using


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)uly *+,*(age 2- o# 46


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Fo' eac% scena'io: calculate t%e "" !ased on t%ese CFs: sta'ting


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*. Complete as #ollo


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3. Clic& on Summa'y: in t%e 'esults cells: type B4.


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4. Clic& 0& and you


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5oal See Goal See&s allo


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)uly *+,*(age 2( o# 46


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. n By c%anging cell clic& on B. $%e By c%anging cell ;eld tells Excel a!out t%e cell t%at

%as t%e va'ia!le you


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Data Table1ata $a!le is simila' to Scena'io anage' !ut you can only va'y one va'ia!le and see its eNect on

you' outcome. Fo' example: you a'e getting a mo'tgage loan and you


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%ns&er$

,. ig%lig%t t%e columns t%at %ave t%e values you


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/. # you' data is in column #o'm: in t%e Column input cell ;eld: clic& on t%e cell 'e#e'ence

#o' t%e ;'st su!stitution. n ou' example: clic& on cell A5.

. Clic& 0W.


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5. Excel displays t%e 'esults in t%e second column. ou can 'educe t%e num!e' o# decimal

points to t


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Sol1erExcel solve' is a ve'y use#ul #eatu'e. ou can use it to solve #o' optimiXation p'o!lems suc% as

maximiXing p'o;t: minimiXing cost: maximiXing expected 'etu'n on t%e po't#olio: minimiXing 'is&:

allocating 'esou'ces among diNe'ent uses: allocating adve'tising expenditu'es among diNe'ent

sou'ces to maximiXe 'evenue: uantities o# output t%e ;'m s%ould p'oduce to maximiXe p'o;tgiven its const'aints: and muc% mo'e. t solves linea' and non-linea' euations.

Add Excel Sovle' to you'


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*. Clic& on Add-ns

/. Clic& on Go next to Excel Add-ins.


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. C%ec& t%e Solve' Add-in !ox. ou may


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!a"#le -$ 7inear Progra""ing$

A pe'sonal compute' manu#actu'e' p'oduces t

?Sou'ce Samuelson and a'&s ?*+,*@ anage'ial Economics. 4t% Edition. 7iley@

%ns&er$

$%e manu#actu'e' needs to dete'mine t%e num!e' o# standa'd (C ?S@ and t%e num!e' o#

economy (C ?E@ to maximiXe its p'o;t ?Z@. $%e o!Vective #unction is Z I 5++ S /++ E. $%e goal

is to maximiXe t%is #unction su!Vect to t%e manu#actu'e' const'aints: a'e

S [ *++8+ S + E [ *+:+++

5 S 5 E [ *:+++.

,. 0n t%e sp'eads%eet: put any num!e' #o' S and E ?say , and *@ and de;ne t%e p'o;t

#unction as 5++TS/++TE ?in cell B,*@.


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*. 1e;ne you' const'aints.


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/. Clic& on Solve': in t%e Set 0!Vective ;eld: clic& on t%e cell t%at %as t%e #o'mula #o' p'o;t:

cell B,*. n t%e $o ;eld: c%ec& ax .


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. n t%e By C%anging 6a'ia!le Cells clic& on t%e cells t%at %as t%e num!e's #o' S and E:

cells B,+B,,.

5. n Su!Vect to t%e Const'aints clic& on Add !utton.


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3. n cell 'e#e'ence: clic& on cell B,+ ?to c%oose S@: in t%e next ;eld: c%oose JI: in t%e

Const'aint ;eld put *++.

4. Clic& Add: and sta't you' second const'aint n cell 'e#e'ence: clic& on cell B,5: next ;eld

JI: const'aint ;eld type *+:+++.

8. Clic& Add: and sta't you' t%i'd const'aint n cell 'e#e'ence: clic& on cell B,3: next ;eld JI:

const'aint ;eld type *:+++.

9. Clic& 0W.


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,+.2o< you %ave you' optimiXation p'o!lem set up: clic& on Solve


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Solve' al'eady solved #o' S and E and put t%e ans


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/. Clic& on Solve

ou' ans


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References

C'onan: )o%n ?*+,+@. ic'oso#t 0\ce Excel *+,+ Quic& Steps. *nd Edition. cG'a< ill.

Et%e'idge: 1enise ?*++4@. ic'oso#t 0\ce Excel *++4 1ata Analysis. 7iley (u!lis%ing.

F'ye: Cu'tis ?*+,+@. ic'oso#t Excel *+,+ Step !y Step. ic'oso#t ('ess.

F'ye: Cu'tis ?*+,+@. ic'oso#t Excel *+,+ (lain and Simple. ic'oso#t ('ess.

)elen: Bill ?*+,+@. ic'oso#t Excel *+,+ in 1ept%. ,st Edition. Que.

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BUS598 Excel Functions HandoutR2.docx