Copy of Major Assignment 1 publish
xlsx
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School
Grand Canyon University *
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Course
0500
Subject
Statistics
Date
Jan 9, 2024
Type
xlsx
Pages
20
Uploaded by CommodoreGazelle3907
Student
BLS Data
Predicted Incomes Based on Best Fit
10
$649.00
8
$235
12
$814.00
9
$378
13
$898.00
10
$521
14
$949.00
11
$663
16
$1,347.00
12
$806
18
$1,549.00
13
$948
19
$1,998.00
14
$1,091
20
$1,949.00
15
$1,233
16
$1,376
Best-Fit Line Parameters
17
$1,519
18
$1,661
Slope (m)
143
19
$1,804
Y-Intercept (0, b)
-905
20
$1,946
21
$2,089
22
$2,232
23
$2,374
24
$2,517
1
Enter your name
here.
2
On this sheet, you will investigate the relationship between years of education and average income. First
the following chart of education versus average income.
Below it, use Excel functions to find the slope and y
of the best-fit line for the given coordinates.
Then, to the right, use the slope and y-intercept to calculate th
weekly income for all years of education from 8 through 24.
Finally, create a chart showing the BLS data as a
scatterplot, and add an auto trendline to this chart showing years of education versus predicted average inco
superimposed on the BLS data and forecasting backward to 8 years and forward to 24 years.
(That is, the lin
start at 8 years and end at 24 years on the horizontal axis.)
Here, you should format your slope and y-intercept as numbers with 0 decimal places and your average wee
incomes as Currency with the $ symbol and 0 decimal places.
In case you'd like to explore the data, numbers here are derived from Bureau of Labor Statistics figures at
https://www.bls.gov/emp/tables/unemployment-earnings-education.htm.
However, you don't need to take
related to this reference for the assignment.
Years of Education
(X)
Average Weekly Income
(Y)
Years of Education
(X)
Average Weekly Income
(Y = m*X + b)
Legend
If a cell is shaded
You should
Blue
Green
Enter a number
Gold
Any other color
Make no changes
Assignment Advisory:
You must use the latest desktop version of Excel
for Microsoft 365 for this assigment.
(This is provided free by GCU; contact the Help Desk for more
information and help installing the software.) Using an earlier version of Excel or a different
spreadsheet program may result in missing or corrupted template elements.
Copying cells from or
into this template may likewise result in corrupted data.
t, consider
y-intercept
he average
a
ome
ne should
ekly
e any steps
Enter a text
response
Enter an Excel
formula
3
Add your chart here with an appropriate title and axis labels: an XY-scatterplot of the BLS Data in
columns A and B (NOT the data in columns C and D) plus an auto trendline forecasting backward to 8
years and forward to 24 years (not periods).
Initial quantity and units
x
First ratio and u
19
floz/kg
x
29.5735
28
mg/L
x
1000
45
g/h
x
0.001
70
ft^2/gal
x
0.3047999902464
70
mL/(kg*h)
x
0.202884201812973
4
On this sheet, you will consider several conversions related to calculations you might see in a
yield the given result.
Remember that you should order ratios so that units cancel in the numera
First, examine this conversion factor table; you will use conversion factors from this table in you
Note
if you use a ratio of the Second Units over the First Units, then your multiplier will include
the First Units over the Second units, then your multiplier will include a cell from column P ove
For example, when multiplying by lb/kg, you would multiply by S3/P3; when multiplying by kg
5
Now, use entries from the conversion table to perform the following conversions. Note that y
CONVERT()). For each part, the number of ratios required is shown in the table. Note that each
units that you multiplied by for each conversion.You should use the abbreviations provided abov
decimal places.
Example: convert fluid ounces per
kilogram to milliliters per pound
A) Convert milligrams per liter to
micrograms per fluid ounce
B) Convert grams per hour to
kilograms per day
C) Convert square feet per gallon
to square meters per liter (hint:
one conversion factor is applied
twice)
D) Convert milliliters per
(kilogram-hour) to teaspoons per
(pound-day)
6
Here, you'll convert from Fahrenheit to Celsius and from Celsius to Fahrenheit, using the following s
Celsius to Fahrenheit:
F = (9/5)*C + 32
Fahrenheit to Celsius:
C = (5/9)*(F - 32)
Use formulas to populate the two empty cells below: specifically, you should convert the value from Fah
special formatting is required for your cells here.
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-13.365 °F
6.569 °F
-25.203 °C
-14.128 °C
Fahrenheit
Celsius
units
x
Second ratio and units
x
Third ratio and units
=
mL/floz
x
0.4536
kg/lb
x
=
mcg/mg
x
0.029573529651571
L/floz
x
=
kg/g
x
24
h/d
x
=
m/ft
x
0.3047999902464
m/ft
x
0.264172052358
gal/L
=
tsp/mL
x
0.45359290943564
kg/lb
x
24
h/d
=
a professional context.
For each conversion, you'll identify and apply appropriate ratios to
ator and denominator for intermediate steps.
ur formulas in part 5.
e a cell from column S over a cell from Column P; on the other hand, if you use a ratio of
er a cell from Column S.
g/lb, you would multiply by P3/S3.
you may use entries only from the table above, even if a more direct conversion is possible (do N
h of your ratio formulas will include cell references, as illustrated in the example. In the blue ce
ve, including capitalization as given. Format your cells containing your ratios and your final an
symbolic formulas (do NOT use CONVERT()):
hrenheit in
B31
to Celsius in
B32
and from Celsius in
C32
to Fahrenheit in
C31
.
No
Legend
If a cell is shaded
You should
Quantity of
First Units
=
Conversion Factor
Blue
1
kilogram (kg)
=
2.2046
Green
1
fluid ounce (floz)
=
29.5735
Gold
1
ounce (oz)
=
28.3495
Any other color
1
kilogram (kg)
=
1000
1
gram (g)
=
1000
1
milligram (mg)
=
1000
1
liter (L)
=
33.8140
1
liter (L)
=
0.2642
1
teaspoon (tsp)
=
4.9289
1
meter (m)
=
3.2808
Final quantity and units
1
day (d)
=
24
254.8723
mL/lb
828.058830243995
mcg/floz
1.08
kg/d
1.71796696234693
m^2/L
154.605083436508
tsp/(lb*d)
Enter a text
response
Enter a
number
Enter an
Excel
formula
Make no
changes
NOT use
ells, enter the ratio of
nswer to number with 4
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Second Units
pounds (lb)
milliliter (mL)
gram (g)
gram (g)
milligram (mg)
microgram (mcg)
fluid ounces (floz)
gallons (gal)
milliliter (mL)
feet (ft)
hours (h)
Trip Budget
$96,663.00
Foreign Currency
Example
The letter
T
J
Tajikistan (TJS)
Japan(JPY)
10.137
109.754
TJS 979,872.83
JPY 10,609,150.90
$139.01
$12.84
Choose your countries from this list
Argentina (ARS)
Malta (EUR)
Australia (AUD)
Mexico (MXN)
Mexico (MXN)
Brazil (BRL)
Greece (EUR)
Morocco (MAD)
Bulgaria (BGN)
Hungary (HUF)
North Macedonia (MKD)
7
On this second conversion sheet, you will convert a trip budget into the equival
equivalent number of dollars.
Now, from the list below the table below, select four countries that start with the f
letter long, use the letter M as the second letter of each name that is one letter long
countries to choose from for a particular letter, go to the next letter of the alphabet
letter.
(If you are at the letter Z, go back to A.)
For each country, identify the exchange rate for $1 using the following web page:
https://data.oecd.org/chart/6Tcl
Then, convert your trip budget above into this currency and convert the amount of
formulas that use a cell reference for the exchange rate. Use formatting as indicate
United States is not available for you to choose from the list.
First letter of your first
name
Country starting with the
letter (or next available
letter) and currency code
Exchange rate for the
currency to at least 3
significant digits (or exact
rate if there are fewer than
3 significant digits)
Your trip budget in the
country's currency
X.XX units of the
country's currency in
dollars
A
lbania (ALL)
D
enmark (DKK)
M
adagascar (MGA)
E
stonia (EUR)
F
inland (EUR)
B
elgium (EUR)
G
eorgia (GEL)
H
ong Kong, China
(HKD)
N
ew Zealand (NZD)
C
ameroon (XAF)
Canada (CAD)
Norway (NOK)
Chile (CLP)
India (INR)
Indonesia (IDR)
Portugal (EUR)
Colombia (COP)
Ireland (EUR)
Colombia (COU)
Israel (ILS)
Russia (RUB)
Costa Rica (CRC)
Croatia (HRK)
Czech Republic (CZK)
I
celand (ISK)
P
oland (PLN)
China (People's Republic
of) (CNY)
R
omania (RON)
J
apan (JPY)
K
orea (KRW)
L
atvia (EUR)
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1409.15
US Dollar
$1.00
Format this entry as
A
B
R
General
Albania(ALL)
Belgium(EUR)
Romania(RON)
General
1.331
0.845
4.160
ALL 128,658.45
EUR 81,680.24
RON 402,118.08
$1,058.71
$1,667.63
$338.74
Senegal (XOF)
Serbia (RSD)
Singapore (SGD)
Slovak Republic (EUR)
Slovenia (EUR)
South Africa (ZAR)
lent amounts in several foreign currencies and convert local currencies into the
first two letters of your first and last names.
If your first or last name is only one
g.
If there is no country starting with a particular letter or you have run out of
t that you still have available choices for and select a country starting with that
f units of the local currency into dollars. These calculations must be Excel
ed in the last column of the table. An example is provided for you. Note that the
Second letter of your first
name
First letter of your last
name
Second letter of your last
name
Number to three
decimal places.
Currency with the
country's currency code
as a symbol to two
decimal places.
Currency with the $
symbol to two decimal
places.
S
audi Arabia (SAR)
Sweden (SEK)
Switzerland (CHF)
Switzerland (CHE)
Switzerland (CHW)
T
ürkiye (TRY)
U
nited Kingdom (GBP)
Z
ambia (ZMW)
Legend
If a cell is shaded
You should
Blue
Green
Enter a number
Yellow
Any other color
Enter a text
response
Enter an Excel
formula
Make no
changes
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Competency
Name
Chart
Conversions
Income
Analysis
Best-Fit Line and
Predicted Incomes
Unit
Conversions
Fahrenheit / Celsius
Conversions
Currency
Conversions
Currency
Conversions
Major Assignment 1 Grad
Requirements for full credit
Your formulas for the ratios are correct, using appropriate cell references.
You have the correct currency code as indicated in the list.
You have entered your full name in the field provided.
(Note that
entering your name on this sheet is required in order to complete your
other sheets.)
You have correctly calculated the slope and y-intercept for the data
provided, using appropriate Excel functions.
Your formulas for Predicted Incomes are correct, using cell references for
the slope, y-intercept, and years of education.
Your slope, y-intercept, and Predicted incomes are formatted as indicated
in the instructions.
You have included an XY-Scatterplot of the BLS data, adding an
appropriate title and axis labels.
You have added a trendline to your scatterplot, extending it to 8 years on
the left and 24 years on the right.
You have identified the correct units for your final quantity, using the
units abbreviations (including capitalization) provided in the conversion
factors table.
You have identified the conversion ratios to use, using correct units
abbreviations from the table (including capitalization).
Your final quantity formulas are correct and use cell references for all
inputs.
Your Fahrenheit to Celsius conversion formulas are correct and use cell
references.
The calculations are direct and do not use built-in Excel
functions.
You have entered the first two letters of your first and last names, using
the letter M if one or both names consist of only one letter.
You have chosen appropriate countries from the list provided below the
table, using the procedure described in the instructions.
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You have provided each exchange rate to at least 3 significant digits.
The trip budget in the foreign currency is a correct Excel formula, using
cell references.
Your calculation of the value of the foreign currency units into dollars is a
correct Excel formula, using cell references.
The cells containing the trip budget and value of foreign currency are
correctly formatted as specified in the last column of the table.
ding Sheet
1
12
51
19
12
4
Subtotals
99
0
9
20
40
18
4
Subtotals
91
0
4
4
4
(optional for
student use) Did
you meet the
requirements?
Points
possible
Your
points
4
16
16
8
Subtotals
56
0
Totals
246
0
Percentage
100.00%
0.00%
125.00
0.00
Scaled out of
125
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Scoring comments
Related Documents
Related Questions
Suppose the table below gives the average tuition and fees at 2-year and 4-year state schools in a particular state.
Values are adjusted to 2019 dollars.
Academic Year
4-year state school
2-year state school
2005-06
$5,904
$2,661
2006-07
$6,066
$2,539
2007-08
$6,289
$2,604
2008-09
$7,222
$2,901
2009-10
$7,738
$3,065
2010-11
$8,035
$3,117
2011-12
$8,154
$3,108
2012-13
$8,497
$3,075
2013-14
$8,578
$3,025
2014-15
$9,390
$3,326
2015-16
$10,004
$3,504
2016-17
$10,474
$3,663
2017-18
$10,789
$3,830
2018-19
$10,874
$3,859
2019-20
$10,900
$3,907
Here is a graph of the information from the table.
a. What is the absolute change in tuition and fees at this state's four-year institutions from 2005-06 to 2019-20?
b. What is the relative change in tuition and fees at this state's four-year institutions from 2005-06 to 2019-20? Round to the nearest whole percentage…
arrow_forward
(Feb 21—27)
Projected
Actual
Difference
Food Cost
$6,971
$7,842
+$871 (over)
Beverage Cost
$3,954
$4, 156
+$202 (over)
Labor Cost
$8,423
$9,541
+$1,118 (over)
Other Costs
$7,645
$7,645
$0 (even)
Total Costs
$26,993
$29, 184
+$2191 (over)
Food Sales
$18,565
$14,326
-$4,239 (under)
Beverage Sales
$12,872
$10,852
-$2,020 (under)
Total Sales (Revenue)
$31,437
$25,178
-$6,259 (under)
Total Profit
$4,444
-$4,006
-$8,450 (under)
Based on the actual results, what adjustments need to be made to Food and Beverage sales projections for next week?
a.
Projections for next week should be set the same as this week, so we can strive to reach our goals.
b.
Projections for next week should be increased because we exceeded our projections this week
c.
Because this week's actual profit (-$4006) came in below our projected profit ($4444), we should reduce next week's Food and Beverage sales…
arrow_forward
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Related Questions
- Suppose the table below gives the average tuition and fees at 2-year and 4-year state schools in a particular state. Values are adjusted to 2019 dollars. Academic Year 4-year state school 2-year state school 2005-06 $5,904 $2,661 2006-07 $6,066 $2,539 2007-08 $6,289 $2,604 2008-09 $7,222 $2,901 2009-10 $7,738 $3,065 2010-11 $8,035 $3,117 2011-12 $8,154 $3,108 2012-13 $8,497 $3,075 2013-14 $8,578 $3,025 2014-15 $9,390 $3,326 2015-16 $10,004 $3,504 2016-17 $10,474 $3,663 2017-18 $10,789 $3,830 2018-19 $10,874 $3,859 2019-20 $10,900 $3,907 Here is a graph of the information from the table. a. What is the absolute change in tuition and fees at this state's four-year institutions from 2005-06 to 2019-20? b. What is the relative change in tuition and fees at this state's four-year institutions from 2005-06 to 2019-20? Round to the nearest whole percentage…arrow_forward(Feb 21—27) Projected Actual Difference Food Cost $6,971 $7,842 +$871 (over) Beverage Cost $3,954 $4, 156 +$202 (over) Labor Cost $8,423 $9,541 +$1,118 (over) Other Costs $7,645 $7,645 $0 (even) Total Costs $26,993 $29, 184 +$2191 (over) Food Sales $18,565 $14,326 -$4,239 (under) Beverage Sales $12,872 $10,852 -$2,020 (under) Total Sales (Revenue) $31,437 $25,178 -$6,259 (under) Total Profit $4,444 -$4,006 -$8,450 (under) Based on the actual results, what adjustments need to be made to Food and Beverage sales projections for next week? a. Projections for next week should be set the same as this week, so we can strive to reach our goals. b. Projections for next week should be increased because we exceeded our projections this week c. Because this week's actual profit (-$4006) came in below our projected profit ($4444), we should reduce next week's Food and Beverage sales…arrow_forward
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