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Example 3-2 Population Mean Vacation Ski Packages Issue: Determine the mean nightly revenue for the Foster City Hotel. Objective: Use Excel to calculate.

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Presentation on theme: "Example 3-2 Population Mean Vacation Ski Packages Issue: Determine the mean nightly revenue for the Foster City Hotel. Objective: Use Excel to calculate."— Presentation transcript:

1 Example 3-2 Population Mean Vacation Ski Packages Issue: Determine the mean nightly revenue for the Foster City Hotel. Objective: Use Excel to calculate the population mean revenue Data File is FosterCity.xls

2 Open the Excel file called FosterCity.xls Example 3-2 Population Mean

3 Option 1 – Use the Excel Average function. Click the function wizard – Select Statistical category – Select Average Example 3-2 Population Mean

4 Specify data range - Click OK Example 3-2 Population Mean

5 Population Mean Example 3-2 Population Mean

6 Optional Method: Select Tools, then Data Analysis Example 3-2 Population Mean

7 Select Descriptive Statistics Example 3-2 Population Mean

8 Define Data Range and select options Example 3-2 Population Mean

9 Mean Revenue Example 3-2 Population Mean

10 Example 3-6 Mean, Median and Mode Weigh-In-Motion Issue: Does the WIM scale produce gross weights that are close to the POE weights? Objective: Use Excel to develop histograms for the weights from each scale and to compute the mean, median, and mode for each scale. The data file is Trucks.xls.

11 Open the data file called Trucks.xls Data File contains 200 trucks. Last row is 201 Example 3-6 Mean, Median, and Mode

12 Optional method for determining the frequency distribution and histogram – use Pivot Tables – refer to example 2-8 in Chapter 2 for specifics Example 3-6 Mean, Median, and Mode

13 Group the WIM weights by 10,000 pounds starting at 15,000 pounds (See Example 2-8 for specific steps required to group data. Example 3-6 Mean, Median, and Mode

14 Highlight the frequencies and click on the Chart Wizard to develop “quick- and dirty” histogram Example 3-6 Mean, Median, and Mode

15 Close Gaps by selecting bars – Right Clicking – select Format Data Series - then Options. Example 3-6 Mean, Median, and Mode

16 Completed Histogram for WIM gross weights – Repeat the process for POE gross weights. Then compute mean, median and modes for both variables Example 3-6 Mean, Median, and Mode

17 Select Tools – then select Data Analysis Example 3-6 Mean, Median, and Mode

18 Click on Descriptive Statistics Example 3-6 Mean, Median, and Mode

19 Define Data Range and select options Example 3-6 Mean, Median, and Mode

20 Delete un-needed columns Example 3-6 Mean, Median, and Mode

21 Mean, Median, and Mode Example 3-6 Mean, Median, and Mode


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