Exam 8: Statistical Functions

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The VARPA function calculates the variance of a population for numerical values.

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A(n)________ is a visual display of tabulated frequencies.

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If you autofill the formula =RANK.AVG(A1,$A$1:$A$5,0)from B1 to B5, what would the value be in B5? If you autofill the formula =RANK.AVG(A1,$A$1:$A$5,0)from B1 to B5, what would the value be in B5?

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The ________ function counts the number of cells in a range that meet multiple criteria.

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Match each of the following functions to its best description of its purpose:
COUNTIFS
Calculates the total of a range of values when a specified condition is met
AVERAGEIF
Calculates the total value of cells in a range that meet multiple criteria
SUMIF
Calculates the average, or arithmetic mean, of all cells in a range that meet a specific condition
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COUNTIFS
Calculates the total of a range of values when a specified condition is met
AVERAGEIF
Calculates the total value of cells in a range that meet multiple criteria
SUMIF
Calculates the average, or arithmetic mean, of all cells in a range that meet a specific condition
SUMIFS
Returns the number of cells in a range that meet multiple criteria
COUNTIF
Calculates the number of cells in a range when a specified condition is met
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Which function would you use to determine the number of occurrences of a particular value in a dataset?

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Which of the following represents the number of data points in a sample minus one?

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A histogram requires ________ to tabulate data and return a frequency distribution table.

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What is the common name for the square root of the variance?

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What function returns the variance of a population?

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Which of the following values would demonstrate the strongest positive relationship while using the CORREL function?

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The ________ function returns a value's rank as a percent between 0% and 100%.

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Sum_range is the argument in the ________ function that is added together if a single condition is met.

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The ________ function is best suited to calculate quartiles including quartiles 0 and 4.

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What are the two arguments for the FREQUENCY function?

(Multiple Choice)
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Match each of the following concepts to its best description of its purpose:
FORECAST.ETS.CONFINT
Returns the forecasted values for a specific future target date using exponential smoothing
FORECAST.ETS
Returns a confidence interval for the forecast value at the target date
FORECAST.ETS.SEASONALITY
Calculates a future value along a linear trend by using existing values
Correct Answer:
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Responses:
FORECAST.ETS.CONFINT
Returns the forecasted values for a specific future target date using exponential smoothing
FORECAST.ETS
Returns a confidence interval for the forecast value at the target date
FORECAST.ETS.SEASONALITY
Calculates a future value along a linear trend by using existing values
FORECAST.ETS.STAT
Returns the requested statistic for the forecast
FORECAST.LINEAR
Returns the length of the repetitive pattern for a time series
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The ________ is the square root of the variance.

(Short Answer)
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A(n)________ is a business intelligence tool which extrapolates future values based on current trends.

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Two or more conditions can be used with SUMIFS function.

(True/False)
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To count the number of Finance majors in a list of students and their college majors, use the ________ function.

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