YO16_XL_CH12_GRADER_PS1_HW – Sales Volume Analysis 1.2
Coffee House Blues is a local coffee shop offering tasty coffee beverages, and live blues and blues-inspired music. You have been asked to conduct some statistical analysis on their sales volume data. Coffee House Blues is also in the middle of promoting an upcoming Blues festival and would like for you to calculate the probabilities of selling specific numbers of tickets.
|1||Start Excel. Open the file named e06ch12_grader_h1_Coffee.xlsx. Save the file with the name e06ch12_grader_h1_Coffee_LastFirst, replacing LastFirst with your name.||0.000|
|2||Click the SalesVolume worksheet tab. In cell G1, calculate the mean of the sales volume. In cell G2, calculate the sample standard deviation.||15.000|
|3||In cell B2, calculate the probability of selling the exact number of products calculated in cell A2, using the normal distribution function and the mean and sample standard deviation calculated in the prior step.||10.000|
|4||Use the AutoFill handle to copy the function in cell B2 down through B82.||10.000|
|5||Create a scatter chart with smooth lines to graph the distribution of sales volume and probabilities.||20.000|
|6||Give the chart the title of Sales Volume Distribution.||5.000|
|7||Reposition the top left corner of the chart within cell E4 and the lower right corner within cell K18.||5.000|
|8||Click the Tickets worksheet tab. In cell B1, type 50 as the number of people contacted in the trial.||5.000|
|9||In cell B2, type .2 as the success rate of selling tickets to the festival. Format the cell as Percent Style number formatting.||5.000|
|10||In cell B5, calculate the probability of there being exactly 0 successes using the binomial distribution function. Format the cell as Percent Style number formatting with 3 decimal places.||20.000|
|11||Use the AutoFill handle to copy the function to B55.||5.000|
|12||Save the workbook, exit Excel, and then submit the file as directed by your instructor.||0.000|
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