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Use the CONCAT function (or the CONCATENATE
function if you are using Excel 2013 or earlier) in cell J18
to create the "Date" by combining the "Month" in cell E18
with the "Day" in cell F18. "Date" should use this syntax:
"Month/Day". Your function should, therefore, also insert
the "/" character between the "Month" and "Day." Copy
and paste your formula down to complete the "Date"
column of the table. -
....ANSWER...=CONCAT(E18,"/",F18)
Use the CONCAT function (or the CONCATENATE
function if you are using Excel 2013 or earlier) to create
the "Transaction Statement" in cell K18. The statement in
cell K18 should read "I spent $24.06 at merchant #4931
on: 8/1". To make this statement, combine "Statement P1"
,in cell D13, the "Amount" in cell D18, "Statement P2" in
cell D14, the "Merchant ID" in cell C18, "Statement P3" in
cell D15, and the "Date" in cell J18. Copy and paste your
function down to complete the "Transaction Statement"
column of the table. -
....ANSWER...=CONCAT($D$13,D18,$D$14,C18,$D$15,J1
8)
In the "Input Analysis" section of the spreadsheet model,
calculate the average attendance and sales for each type of
product from the past events listed in the "Past Events"
worksheet. - ....ANSWER...=AVERAGE('Past
Events'!C4:C103)
In the "Input Analysis" section of the spreadsheet model,
calculate the sample standard deviation for attendance
and sales for each type of product from the past events
listed on the "Past Events" worksheet. (Note for Excel
2007 users: Excel 2007 does not support a specific function
to calculate sample standard deviations. Use the STDEV
function instead.) - ....ANSWER...=STDEV.S('Past
Events'!C4:C103)
, In the "Input Analysis" section of the spreadsheet model,
calculate the 95% confidence interval for the sales for each
type of product. (You will not calculate a confidence
interval for attendance.) Use the number of events
(calculated in cell I3) as part of your calculations. (Note to
Excel 2007 users: the CONFIDENCE.NORM function is
not supported in Excel 2007. Use the CONFIDENCE
function instead.) -
....ANSWER...=CONFIDENCE.NORM(0.05,J7,$I$3)
In the "Input Analysis" section of the spreadsheet model,
calculate the correlations between the sales of each type of
product and event attendance. Use appropriate ranges
from the "Past Event" worksheet for your calculations. -
....ANSWER...=CORREL('Past Events'!D4:D103,'Past
Events'!C4:C103)
The sales for which product type are most highly
correlated with attendance? Select the correct answer from
the drop-down list in cell L32. - ....ANSWER...Food
In the "Input Analysis" section of the spreadsheet model,
calculate a sales forecast for each type of product if
expected attendance at the future event is 18000 people.