DATA VISUALIZATION REVIEW QUESTIONS
SOLUTIONS PROFESSIONAL GUIDE
◉ 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$3)
◉ In the "Input Analysis" section of the spreadsheet model, calculate
the correlations between the sales of each type of product and event
attendance. Use appropriate ranges from the "Past Event" worksheet
for your calculations.
, Answer: =CORREL('Past Events'!D4:D103,'Past Events'!C4:C103)
◉ The sales for which product type are most highly correlated with
attendance? Select the correct answer from the drop-down list in
cell L32.
Answer: Food
◉ In the "Input Analysis" section of the spreadsheet model, calculate
a sales forecast for each type of product if expected attendance at
the future event is 18000 people. Reference cell I13 (the attendance
forecast) for your calculations.
Answer: =FORECAST($I$13,'Past Events'!D4:D103,'Past
Events'!C4:C103)
◉ In the "Input Analysis" section of the spreadsheet model, calculate
the upper limit for your sales forecast for each type of product if
expected attendance at the future event is 18000 people. Reference
the confidence interval you created for your calculation.
Answer: =I16+J8
◉ In the "Input Analysis" section of the spreadsheet model, calculate
the lower limit for your sales forecast for each type of product if
expected attendance at the future event is 18000 people. Reference
the confidence interval you created for your calculation.
Answer: =I16-J8