1. Estimate weekly or monthly usage of each household expenditure. A minimum of 40 items is...

Transcribed Image Text:

1. Estimate weekly or monthly usage of each household expenditure. A minimum of 40 items is required from various areas of spending including groceries, transportation and entertainment. (E.g. "eggs", "gas for car", "bottled water", etc.) 2. Estimate the annual usage per item in dollars. 3. Sort annual expenditure by item from the highest dollar amount to lowest dollar amount (see Exhibit 6.4 on page 203). 4. Using the Excel template provided, create a column showing the total accumulated dollar amount. 5. Identify, by highlighting in yellow, the 20% of the items that represent 80% of the total dollars spent. 6. Graphically depict the results using a Pareto Chart (i.e. transfer the chart data into a graph). See YouTube sites below for additional information. Excel Basics: Data Analysis Sort Excel Basics: Statistics . Excel Basics Pareto Chart 1. Estimate weekly or monthly usage of each household expenditure. A minimum of 40 items is required from various areas of spending including groceries, transportation and entertainment. (E.g. "eggs", "gas for car", "bottled water", etc.) 2. Estimate the annual usage per item in dollars. 3. Sort annual expenditure by item from the highest dollar amount to lowest dollar amount (see Exhibit 6.4 on page 203). 4. Using the Excel template provided, create a column showing the total accumulated dollar amount. 5. Identify, by highlighting in yellow, the 20% of the items that represent 80% of the total dollars spent. 6. Graphically depict the results using a Pareto Chart (i.e. transfer the chart data into a graph). See YouTube sites below for additional information. Excel Basics: Data Analysis Sort Excel Basics: Statistics . Excel Basics Pareto Chart

Answer rating: 100% (QA)

I can provide guidance on how to approach this task using Excel 1 Estimate Weekly or Monthly Usage of Each Household Expenditure Create a list of at l... View the full answer