Question: You have an Excel data table named Merch that contains data on all merchandise sales from a local concert venue. The table contains the following
You have an Excel data table named Merch that contains data on all merchandise sales from a local concert venue. The table contains the following variables:
Price: the cost of each item
UnitsSold: the number of units sold of each item
Type: the category of item sold ie records, shirts, hats, posters
Where each row is an observation for a different item type.
You want to calculate total revenue for each item type by multiplying price by the number of units sold in each row. Which of the following formulas will calculate that using Table references outside the Excel Table so that the formula spills for all rows in the table?
Question options:
Merch@PriceMerch@UnitsSold
@Price@UnitsSold
MerchPriceMerchUnitsSold
@Price@UnitsSold
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
