1. Budget expenses, Loans, and Stats
Worksheet 1
Budget expenses, Loans, and Stats

2. Budget Expenses Let’s get started.
1. Don’t for get to enter your location.
2. Notice the formula in Cell E6 and use that all the way down.
3. Don’t for get the total.

3. Loans Enter the rate as a decimal 0.10 = 10%.
Payments are monthly so n is 12
Time is in years, your choice.
Use the payment formula given.
How would we calculate the Total Paid?
Don’t forget to discuss which loan is better and why.

4. Stats Let’s get started.
1. Copy the data from the Data tab. Highlight the data and use CTRL C or right click and choose copy
2. Paste that data into column A on the stats tab - use 123

5. Descriptive Statistics
Let’s get started.
1. Use the descriptive statistics formulas you used in Topic 1 DQ 2. Descriptive Statistics
rsoncmg.com/assets/gt q1e_1_4_1_24_Descriptiv e_Stats
2. Your height is to be written in inches.
3. The z score is given below.

6. Frequency Table Let’s get started.
1. Notice that we have 11 rows in our table.
2. These rows represent different groups that we are organizing our data into.
3. In our table we are calling them Bins.

7. Frequency Table Cont. Let’s get started with the Low value in cell F4
1. The low value is the minimum value from our statistics, D15.
2. Note, some use D15 – 0.1 for that low value.

8. Frequency Table Cont. Let’s get started.
1. Notice there is added a Bin Width calculation in cell D21.
2. The Bin Width = the range/11. The range is in cell D14 and there are 11 rows in our table.
3. The High value is the low value + Bin Width, =F4+D$21.

9. Frequency Table Cont. Let’s get started.
1. Notice that cell F5 = G If you are using one decimal place use G in cell F5.
2. G5 = F5 + Bin Width etc.
3. Continue those formulas to complete columns F and G.

10. Frequency Table Cont. Let’s keep going.
1. Column H is the title or name of the Bins Notice that I have written it two different way. You choose. 
2. The cumulative frequency is the sum of the frequency values.
I4 = J4, I5 = I4 + J5, I6 = I5 + J6, etc.

11. Frequency Table Cont. Let’s keep going.
1. Column J is the frequency ,or the count, of how many data are in each of the bins.
2. Note that the sum of the frequencies is the total number of data in column A.

12. Frequency Table Cont.
To construct the frequency column J, do the following steps.
1. Enter the data in Column A. This is already done.
2. Complete column G This is already done.
3. In cell J4, type, but don't press enter, the following formula.
=Frequency(A$2:A$103,G4:G14)
4. Hold the “Shift” key and click your mouse the last cell in column J, J14. This will
highlight all of column J.
5. Press the “F2” key on your computer (your formula will show) and then press “Ctrl-Shift-Enter” to copy the formula as an array.
This will complete column J for you.

13. Making the Histogram Let’s conclude.
1. To make the bar graph highlight all of column J including title.
2. Select Insert (from top tabs.)
3. Select column graphs ->top option
4. Select 3-D column graph
You have the graph. 

14. Making the Histogram
To make this bar graph a histogram click on the graph and then:
1. Select Design -> from top tabs
2. Select Quick Layout -> Top left under Home
3. Select histogram 3rd row and 2nd column.
You have the histogram. 

15. Making the Histogram
To make histogram have an outline, different color, etc.:
1. Click on the graph to select all bars.
2. Right mouse click for options.
3. Select outline and then color of choice.
You have the histogram with outlines. 

16. Making the Histogram To change the titles of the bins:
1. Click on the axis label you want to change.
2. Choose the Design tab.
3. Choose Select Data
4. Choose Edit Horizontal Axis Labels
5. Highlight H4 through H14 and press enter and your done. 