# Sales Data Analysis Activity## Featured Activity### [Watch Video]*A sample of 5 months of sales data can be found in Excel below:***Open spreadsheet**### Instructions:a. Develop a point estimate of the population mean number of units sold per month (to 1 decimal). - Your response: `99` (This value is indicated as incorrect with a red X.)b. Develop a point estimate of the population standard deviation (to 2 decimals). - Your response: `12.23` (This value is indicated as incorrect with a red X.)### Actions:- **Check My Work**: Review your responses to see if they are correct.- **Reset Problem**: Clear your responses to try again. No graphs or diagrams are presented in this activity. The primary focus is on two statistical calculations: the mean and standard deviation of units sold based on the provided sample data in the Excel spreadsheet. Welcome to our Educational Resource on Statistical Analysis using Excel!In this tutorial, we are examining sales data to compute key statistics such as Mean and Standard Deviation. Below, you will find a screenshot of our Excel worksheet. Let's break it down:### Sales Data TableThe data is organized into rows and columns. Here is the detailed information from the worksheet:- **A1: Sales Data (Header)** - **A2**: Month - **A3**: 1 - **A4**: 2 - **A5**: 3 - **A6**: 4 - **A7**: 5- **B2**: Units Sold (Header) - **B3**: 97 - **B4**: 120 - **B5**: 83 - **B6**: 97 - **B7**: 93### Point EstimatesIn column D:- **D1**: Point Estimates (Header)- **D2**: Mean (1 decimal)- **D3**: Standard Deviation (2 decimal)### Formulas UsedIn column F:- **F1**: Formulas Used (Header)- **F2 and F3**: #N/A (indicating that the cells do not currently contain a formula)### Explanation of Hidden CalculationsWhile the exact formulas are not displayed on the screen, typically, to find the mean and standard deviation in Excel, you would use the following formulas:- **Mean**: Use the `AVERAGE` function. For example, `=AVERAGE(B3:B7)`.- **Standard Deviation**: Use the `STDEV.P` or `STDEV.S` function depending on whether you are calculating the population or sample standard deviation. For example, `=STDEV.P(B3:B7)` or `=STDEV.S(B3:B7)`.### Visual Highlighting (noted by colors in the cells)- **Green Shading** with checkmarks in column E likely indicates the computed mean and standard deviation values.- **Red Shading** with '#N/A' in column F indicates that formulas are to be entered or confirmed.### Next Steps1. **Input the Mean and Standard Deviation Calculations**: - For **Mean**: `[

Name: # Sales Data Analysis Activity## Featured Activity### [Watch Video]*A
Uploaded: 2024-03-20T07:06:16.000Z
Channel: Bartleby
Description: # Sales Data Analysis Activity## Featured Activity### [Watch Video]*A sample of 5 months of sales data can be found in Excel below:***Open spreadsheet**### Instructions:a. Develop a point estimate of the population mean number of units sold per mont

The population is a complete set of subjects or elements for which the population parameters are…

Answered: Sales Data th Units Sold Point…

Math

Statistics

Sales Data th Units Sold Point Estimates Formulas Used 1 97 120 Mean (1 decimal) #N/A 83 97 Standard Deviation (2 decimal) #N/A 93 -234 5

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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