Business Analytics
Business Analytics
3rd Edition
ISBN: 9780135231715
Author: Evans
Publisher: PEARSON
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Chapter 2, Problem 2PE

The Excel file Syringe Samples provides data for 15 samples of an important measurement in the manufacturing process for medical syringes. Define range names for each of the samples and then use these range names in formulas to find the average value for each sample.

Expert Solution & Answer
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To determine

To define the range names for each of these samples and then use the range names in formulas to find the average values of each samples.

Explanation of Solution

Given:

The Syringe samples data for the fifteen samples in the excel file is as follows:

    SampleSample Observations
    S14.96004.94604.95004.95604.9580
    S24.95804.92704.93504.94004.9500
    S34.97104.92904.96504.95204.9380
    S44.94004.98204.97004.95304.9600
    S54.96404.95004.95304.96204.9560
    S64.96904.95104.95504.96604.9540
    S74.96004.94404.95704.94804.9510
    S84.96904.94904.96304.95204.9620
    S94.98404.92804.96004.94304.9550
    S104.97004.93404.96104.94004.9650
    S114.97504.95904.96204.97104.9680
    S124.94504.97704.95004.96904.9540
    S134.97604.96404.97004.96804.9720
    S144.97004.95404.96404.95904.9680
    S154.98204.96204.96804.97504.9630

Formulas used:

Let the range names be

    S1S2S3S4S5S6S7S8S9S10S11S12S13S14S15

And the formulas used for the average is:

=AVERAGE(S1), =AVERAGE(S2), and so on for fifteen samples.

Calculation:

We will apply the formula of the average in each of the samples to find out the result.

  Business Analytics, Chapter 2, Problem 2PE

Thus, the outcome of the result is as follows:

    SampleSample ObservationsAverage
    14.96004.94604.95004.95604.95804.9540
    24.95804.92704.93504.94004.95004.9420
    34.97104.92904.96504.95204.93804.9510
    44.94004.98204.97004.95304.96004.9610
    54.96404.95004.95304.96204.95604.9570
    64.96904.95104.95504.96604.95404.9590
    74.96004.94404.95704.94804.95104.9520
    84.96904.94904.96304.95204.96204.9590
    94.98404.92804.96004.94304.95504.9540
    104.97004.93404.96104.94004.96504.9540
    114.97504.95904.96204.97104.96804.9670
    124.94504.97704.95004.96904.95404.9590
    134.97604.96404.97004.96804.97204.9700
    144.97004.95404.96404.95904.96804.9630
    154.98204.96204.96804.97504.96304.9700

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