1.1 Calculating an Average In Section 1.4.7 Excel's AVERAGE function was introduced. Create an Excel work- sheet similar to the one shown in Figure 1.69 to calculate the arithmetic average of the five values listedbelow. 3.6; 3.8; 3.5; 3.7; 3.6 First, calculate the average the long way, bysumming the values and dividing by five. 1x1 + x2 + X3 + x4 + xs2 Then calculate the average using Excel's AVERAGE function by entering the follow- ing formula in acell: -AVERAGE(cell range)

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1.1 Calculating an Average
In Section 1.4.7 Excel's AVERAGE function was introduced. Create an Excel work-
sheet similar to the one shown in Figure 1.69 to calculate the arithmetic average of
the five values listedbelow.
3.6; 3.8; 3.5; 3.7; 3.6
First, calculate the average the long way, by summing the values and dividing by five.
1x1 + x2 + X3 + X4 + X52
Then calculate the average using Excel's AVERAGE function by entering the follow-
ing formula in acell:
=AVERAGE(cell range)
Replace "cell range" by the actual addresses of the range of cells holding the five
values (e.g., the cell range is B4:B8 in Figure 1.69).
Figure 1.69
Checking Excel's
AVERAGE
D
G.
function.
1 Checking Excel's AVERAGE() Function
3
Values
4
3.6
5
3.8
6
3.5
7
3.7
8
3.6
9.
« computed by summing and dividing
« computed using AVERAGE(84:B8)
10
AVG;:
11
AVG;:
12
Transcribed Image Text:1.1 Calculating an Average In Section 1.4.7 Excel's AVERAGE function was introduced. Create an Excel work- sheet similar to the one shown in Figure 1.69 to calculate the arithmetic average of the five values listedbelow. 3.6; 3.8; 3.5; 3.7; 3.6 First, calculate the average the long way, by summing the values and dividing by five. 1x1 + x2 + X3 + X4 + X52 Then calculate the average using Excel's AVERAGE function by entering the follow- ing formula in acell: =AVERAGE(cell range) Replace "cell range" by the actual addresses of the range of cells holding the five values (e.g., the cell range is B4:B8 in Figure 1.69). Figure 1.69 Checking Excel's AVERAGE D G. function. 1 Checking Excel's AVERAGE() Function 3 Values 4 3.6 5 3.8 6 3.5 7 3.7 8 3.6 9. « computed by summing and dividing « computed using AVERAGE(84:B8) 10 AVG;: 11 AVG;: 12
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