Question: A Sample 1 Sample 2 38 33 61 61 29 43 60 53 71 77 30 45 49 59 35 41 26 20 70 83

 A Sample 1 Sample 2 38 33 61 61 29 4360 53 71 77 30 45 49 59 35 41 26 2070 83 48 35 61 69 68 74 30 32 61 66

A Sample 1 Sample 2 38 33 61 61 29 43 60 53 71 77 30 45 49 59 35 41 26 20 70 83 48 35 61 69 68 74 30 32 61 66 B C a. Use the XLMiner Analysis ToolPak to find descriptive statistics for Sample 1 and Sample 2. Select "Descriptive Statistics" in the ToolPak, place your cursor in the "Input Range" box, and then select the cell range A1 to B16 in the sheet. Next, place your cursor in the Output Range box and then click cell D1 (or just type D1). Finally make sure "Grouped By Columns" is selected and all other check-boxes are selected. Click OK. Your descriptive statistics should now fill the shaded region of D1:G18. Use your output to fill in the blanks below. Sample 1 Mean: 54.07 (2 decimals) Sample 1 Standard Deviation: 16.57X (2 decimals) Sample 2 Mean: 50.4 (2 decimals) Sample 2 Standard Deviation: 19.58 (2 decimals) b. Use a combination of native Excel functions, constructed formulas, and the XLMiner ToolPak to find covariance and correlation. In cell J3, find the covariance between Sample 1 and Sample 2 using the COVARIANCE.S function. 272.11 (2 decimals) c. Calculate z-scores using a mix of relative and absolute cell references. In cell A22, insert the formula =ROUND ((A2-$E$3)/$E$7,2). Next grab the lower-right corner of A22 and drag down to fill in the remaining green cells of A23 to A36. Note how the formula changes by looking in Column D. Changing a cell from a relative reference such as E3 to an absolute reference such as $E$3 means that cell remains "fixed" as you drag. Therefore the formula you entered into A22 takes each data observation such as A2, A3, A4..., subtracts $E$3 and then divides by $E$7. Since the last two cells have absolute references they will not change as you drag. The ROUND function simply rounds the z-score to two digits. Now find the z-scores for Sample 2 using the same method you learned above by editing the formula to refer to the correct cells for Sample 2. Make sure each z-score is rounded to 2 places. 2 z-scores Sample 0.49 A Sample 1 Sample 2 38 33 61 61 29 43 60 53 71 77 30 45 49 59 35 41 26 20 70 83 48 35 61 69 68 74 30 32 61 66 B C a. Use the XLMiner Analysis ToolPak to find descriptive statistics for Sample 1 and Sample 2. Select "Descriptive Statistics" in the ToolPak, place your cursor in the "Input Range" box, and then select the cell range A1 to B16 in the sheet. Next, place your cursor in the Output Range box and then click cell D1 (or just type D1). Finally make sure "Grouped By Columns" is selected and all other check-boxes are selected. Click OK. Your descriptive statistics should now fill the shaded region of D1:G18. Use your output to fill in the blanks below. Sample 1 Mean: 54.07 (2 decimals) Sample 1 Standard Deviation: 16.57X (2 decimals) Sample 2 Mean: 50.4 (2 decimals) Sample 2 Standard Deviation: 19.58 (2 decimals) b. Use a combination of native Excel functions, constructed formulas, and the XLMiner ToolPak to find covariance and correlation. In cell J3, find the covariance between Sample 1 and Sample 2 using the COVARIANCE.S function. 272.11 (2 decimals) c. Calculate z-scores using a mix of relative and absolute cell references. In cell A22, insert the formula =ROUND ((A2-$E$3)/$E$7,2). Next grab the lower-right corner of A22 and drag down to fill in the remaining green cells of A23 to A36. Note how the formula changes by looking in Column D. Changing a cell from a relative reference such as E3 to an absolute reference such as $E$3 means that cell remains "fixed" as you drag. Therefore the formula you entered into A22 takes each data observation such as A2, A3, A4..., subtracts $E$3 and then divides by $E$7. Since the last two cells have absolute references they will not change as you drag. The ROUND function simply rounds the z-score to two digits. Now find the z-scores for Sample 2 using the same method you learned above by editing the formula to refer to the correct cells for Sample 2. Make sure each z-score is rounded to 2 places. 2 z-scores Sample 0.49

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!