Company North-East-West-South (NEWS)

NEWS is struggling in the ultra-competitive high-tech market. They have called upon you and your
to make some key business decisions using the methods and tools recently learned throughout M

Save this file for each homework assignment as follows: Last Name_First Name_Homework #.xls For ex

2-1 Excel Homework I: Scatterplots

This homework assignment will help you begin to familiarize yourself with the Excel software, creating gra
Create a scatterplot from a given set of data and then create a regression fitted line and determine the cor
Provide a practical interpretation of the results.

3-2 Excel Homework II: Descriptive Statistics

This homework assignment will continue to familiarize you with the Excel software, creating graphs, and u
In this assignment, you will create a histogram plot from a given set of data and then determine the mean,
Provide a practical interpretation of the results.

6-2 Excel Homework III: Amortization Table

This homework assignment will continue to familiarize you with the Excel software.
In this assignment you will create an amortization table based on a given principal, interest rate, and paym
Analyze alternative criteria to determine the optimal conditions.

7-2 Excel Homework IV: Probability

This homework assignment will continue to familiarize you with the Excel software.
In this assignment, you will analyze a given business problem based on probability.
Provide a practical interpretation of the results.
NEWS customers require a delivery time of 30 days at their door from the date that the order was r
NEWS has provided data of their last 50 shipments: Duration = Delivery Date at the Door - Date Or

Duration
Order
(Calendar Days)
1.00 11.41 Task 1A: Create a Histogram
2.00 30.15 Step 1: Select DATA from the tool bar above and then the DATA AN
3.00 18.65 Step 2: Select HISTOGRAM, and in the Input Range, highlight the da
4.00 34.66 Step 3: Leave the Bin Range section blank (Excel will determine thi
5.00 12.52 Step 4: Select the bullet point next to Output Range, click into the w
6.00 39.24 Step 5: Select Chart Output and then OK.
7.00 3.81 Step 6: Excel should create a table and histogram that starts in cell
8.00 23.37 Task 1B: Create a Frequeny Plot Graph
9.00 34.42 Step 6: Highlight just the Frequency data points (cells F20-F27) and
10.00 36.76 Step 7: Select Insert Line Graph within the Charts section.
11.00 6.27 Step 8: Once your graph generates, place it in the provided section
12.00 24.21
13.00 8.90
14.00 25.66 Bin Frequency
15.00 35.10 3.81443077307 1
16.00 25.47 9.59659155662 3
17.00 4.78 15.3787523402 8
18.00 17.62 21.1609131237 9
19.00 13.53 26.9430739073 13
20.00 29.16 32.7252346908 5
21.00 19.74 38.5073954744 6
22.00 25.18 More 5
23.00 20.57
24.00 23.65 Table
25.00 21.96
26.00 12.59
27.00 14.47
28.00 28.17
29.00 26.17
30.00 34.39
31.00 18.08
32.00 39.95
33.00 14.54
34.00 18.37
35.00 28.98
 36.00 25.78
37.00 23.12 Task 2: Descriptive Statistics
38.00 35.69 Step 1: Select DATA from the tool bar above and then the DATA AN
39.00 41.66 Step 2: Select DESCRIPTIVE STATISTICS, and in the Input Range, h
40.00 32.60 Step 3: Select the bullet point next to Output Range, click into the w
41.00 14.77 Step 4: Check the box SUMMARY STATISTICS and then OK.
42.00 21.93 Step 5: Excel should create a table that starts in cell S46 and contai
43.00 38.88 Step 6: Transfer the Mean, Median, and Standard Deviation from the
44.00 22.27 Step 7: An alternative method is using functions. Use the functions
45.00 21.12 MEAN = 23.49
46.00 14.35
47.00 15.87 MEDIAN = 22.70
48.00 44.29
49.00 17.83 STD DEV = 9.97
50.00 21.68

Question 1: Based on the information from Tasks 1A and 1B, describe whether or not you believe N

Answer: Yes, looking at the histogram, the table & frequency plot generated in task 1, it seems NEWS is
shipments, 45 shipments are delivered in about 38 days or less meeting the need, only 5 records took m
delivered in less than 50 days. Frequency plot also shows that majority of the shipments fall in the area '3

Question 2: Based on the information from Task 2, provide a brief statistical description of how the

Answer: Mean of all the records is 23.5 while median is 22.70. Mean indicates the average time taken to
taken by majority of the shipments. In this case mean and median are very close which also indicates the
sign for NEWS. Standard Deviation is 9.97 which is also appearing to be healthy. Mean and median bein
plot it) which is another indicator that NEWS is on track to meet the customer needs.
ate that the order was received
te at the Door - Date Order was Received

and then the DATA ANAYSIS on the far right.

Range, highlight the data under the DURATION column (cells B6 to B55) and do not highlight the header.
Excel will determine this for you).
Range, click into the white area of that section, and type $E$19:$N$30

gram that starts in cell E19 and contain a count of each data point per Bin.

ints (cells F20-F27) and do not hightlight the header.

harts section.
n the provided section below.

14
Histogram
12
12
6
10
Frequency

0
6 5 9 7 5 3 1 re Frequency
6 73 161 164 713 262 811 360 Mo 8
0 6 0 3 7 0 4
7 7 3 5 56 2 3 4 3 1 2 3 9 0 4 6 9 5 47 Plac
0 1 5 1 7 3 9
4 43 659 7 87 6 09 4 30 2 52 073 6
81 59 .3 .1 .9 2.7 8.5
3. 9. 15 21 26 Bin 3 3
4

2
Histogram
0
1 2 3 4

Frequ
 and then the DATA ANAYSIS on the far right.
nd in the Input Range, highlight the data under the DURATION column (cells B6 to B55) and do not highlight t
Range, click into the white area of that section, and type $S$46:$T$60
CS and then OK.
s in cell S46 and contains the Mean, Median, and Standard Deviation.
dard Deviation from the table and place them in the highlighted cells. Do not delete the table.
ons. Use the functions =AVERAGE, =MEDIAN, and =STDEV.S

her or not you believe NEWS is effectively satisfying their customer's desired shipment date.

ask 1, it seems NEWS is effectively satisfying the customer's desired shipment date. Out of 50
d, only 5 records took more than 38 days which could have been at risk but they are still
ipments fall in the area '3' through '5' on X-axis which corresponds to 15 to 27 days timeframe.

l description of how these results relate to the customer requirements.

he average time taken to deliver the shipment which is reasonable while median indicates time
e which also indicates the data is not very offset and consistent throughout which is healthy
y. Mean and median being so close also indicate normal distribution (Bell Shape Curve if we
eeds.
not highlight the header.

Place Graph Here Column F

1 2 3 4 5 6 7 8

Frequeny Plot Graph

B55) and do not highlight the header.

Column1

e the table. Mean 23.486669

Standard Error 1.4099754
Median 22.697885
Mode #N/A
Standard Deviation 9.9700318
Sample Variance 99.401535
Kurtosis -0.594399
Skewness 0.1365845
Range 40.475125
Minimum 3.8144308
Maximum 44.289556
pment date.
Sum 1174.3334
Count 50

Descriptive Statistics
Table