Exam 25: Excel: Statistical Functions

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Which of the following functions will rank two values evenly if there is a duplicate value present?

(Multiple Choice)
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Which of the following will determine the variance of a population?

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What is the difference between calculating standard deviation of a population versus a sample?

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The FREQUENCY function can count words.

(True/False)
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By default the Analysis ToolPak is active.

(True/False)
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Which feature of the Analysis ToolPak is best suited to determine if samples were taken from the same population?

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Which of the following percentiles is excluded when using the PERCENTILE.EXC function?

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When created using the Analysis ToolPak,histograms cannot be deleted.

(True/False)
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STDEV.P should be used to calculate standard deviation when all data for a population is present.

(True/False)
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The ________ is the square root of the variance.

(Short Answer)
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The ________ tool within the Analysis ToolPak can place its output on a blank worksheet.

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When using the QUARTILE.INC function the 4th quartile would include the highest number value.

(True/False)
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Which function is best suited to determine how the data set is spread around the mean?

(Multiple Choice)
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Match the following terms with the corresponding description:
VARA
Helps determine the strength of a relationship between two variables
STDEV.S
Variance of a population including logical values and text
FREQUENCY
Descriptive statistic function in Excel that determines the frequency distribution of a dataset.
Correct Answer:
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VARA
Helps determine the strength of a relationship between two variables
STDEV.S
Variance of a population including logical values and text
FREQUENCY
Descriptive statistic function in Excel that determines the frequency distribution of a dataset.
CORREL
Variance of a sample including logical values and text
VARPA
Standard deviation of a sample
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Histogram is a tool of the Analysis ToolPak.

(True/False)
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When using the CORREL function a value of 1 would indicate:

(Multiple Choice)
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The .EXC descriptor in PERCENTRANK.EXC stands for:

(Multiple Choice)
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Match the following terms with the corresponding description:
PERCENTRANK.INC
Identifies the rank of a value but assigns an average rank when identical values exist.
PERCENTRANK.EXC
Identifies the value at a specific quartile for a dataset,including quartile 0 for the lowest value and quartile 4 for the highest value in the dataset
QUARTILE.INC
Displays a value's rank as a percentile of the range of data in the dataset
Correct Answer:
Verified
Premises:
Responses:
PERCENTRANK.INC
Identifies the rank of a value but assigns an average rank when identical values exist.
PERCENTRANK.EXC
Identifies the value at a specific quartile for a dataset,including quartile 0 for the lowest value and quartile 4 for the highest value in the dataset
QUARTILE.INC
Displays a value's rank as a percentile of the range of data in the dataset
RANK.EQ
Returns a value's rank as a percent excluding 0 and 1
RANK.AVG
Identifies a value's rank within a list of values
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The QUARTILE.EXC function excludes quartiles 0 and 4.

(True/False)
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Which of the following functions is best suited to determine the standard deviation of a sample including logical values and text?

(Multiple Choice)
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