Statistical Analysis with Excel For Dummies

Statistical Analysis with Excel For Dummies
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Become a stats superstar by using Excel to reveal the powerful secrets of statistics  Microsoft Excel offers numerous possibilities for statistical analysis—and you don’t have to be a math wizard to unlock them. In  Statistical Analysis with Excel For Dummies, fully updated for the 2021 version of Excel, you’ll hit the ground running with straightforward techniques and practical guidance to unlock the power of statistics in Excel. Bypass unnecessary jargon and skip right to mastering formulas, functions, charts, probabilities, distributions, and correlations. Written for professionals and students without a background in statistics or math, you’ll learn to create, interpret, and translate statistics—and have fun doing it!  In this book you’ll find out how to:  Understand, describe, and summarize any kind of data, from sports stats to sales figures Confidently draw conclusions from your analyses, make accurate predictions, and calculate correlations Model the probabilities of future outcomes based on past data Perform statistical analysis on any platform: Windows, Mac, or iPad Access additional resources and practice templates through Dummies.com For anyone who’s ever wanted to unleash the full potential of statistical analysis in Excel—and impress your colleagues or classmates along the way— Statistical Analysis with Excel For Dummies  walks you through the foundational concepts of analyzing statistics and the step-by-step methods you use to apply them.

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Joseph Schmuller. Statistical Analysis with Excel For Dummies

Statistical Analysis with Excel® For Dummies® To view this book's Cheat Sheet, simply go to www.dummies.com and search for “Statistical Analysis with Excel For Dummies Cheat Sheet” in the Search box. Table of Contents

List of Tables

List of Illustrations

Guide

Pages

Introduction

About This Book

What’s New in This Edition

What’s New in Excel (Microsoft 365)

Foolish Assumptions

Icons Used in This Book

Where to Go from Here

Beyond This Book

Getting Started with Statistical Analysis with Excel: A Marriage Made in Heaven

Evaluating Data in the Real World

The Statistical (and Related) Notions You Just Have to Know

Samples and populations

Variables: Dependent and independent

Types of data

A little probability

Inferential Statistics: Testing Hypotheses

Null and alternative hypotheses

Two types of error

Some Excel Fundamentals

Autofilling cells

Referencing cells

Understanding Excel's Statistical Capabilities

Getting Started

Setting Up for Statistics

Worksheet functions

Quickly accessing statistical functions

Array functions

What’s in a name? An array of possibilities

Creating Your Own Array Formulas

Using data analysis tools

Additional data analysis tool packages

Accessing Commonly Used Functions

The New Analyze Data Tool

Data from Pictures!

Describing Data

Show-and-Tell: Graphing Data

Why Use Graphs?

Examining Some Fundamentals

Gauging Excel's Graphics (Chartics?) Capabilities

Becoming a Columnist

Stacking the Columns

Slicing the Pie

A word from the wise

Drawing the Line

Adding a Spark

Passing the Bar

The Plot Thickens

Finding Another Use for the Scatter Chart

Finding Your Center

Means: The Lore of Averages

Calculating the mean

AVERAGE and AVERAGEA

AVERAGEIF and AVERAGEIFS

TRIMMEAN

Other means to an end

Geometric mean

Harmonic mean

Medians: Caught in the Middle

Finding the median

MEDIAN

Statistics à la Mode

Finding the mode

MODE.SNGL and MODE.MULT

Deviating from the Average

Measuring Variation

Averaging squared deviations: Variance and how to calculate it

VAR.P and VARPA

Sample variance

VAR.S and VARA

Back to the Roots: Standard Deviation

Population standard deviation

STDEV.P and STDEVPA

Sample standard deviation

STDEV.S and STDEVA

The missing functions: STDEVIF and STDEVIFS

A little logic

And now, back to the show

Related Functions

DEVSQ

Average deviation

AVEDEV

Meeting Standards and Standings

Catching Some Z’s

Characteristics of z-scores

Bonds versus the Bambino

Exam scores

STANDARDIZE

CACHING SOME Z’S

Where Do You Stand?

RANK.EQ and RANK.AVG

LARGE and SMALL

PERCENTILE.INC and PERCENTILE.EXC

DRAWN AND QUARTILED

PERCENTRANK.INC and PERCENTRANK.EXC

Data analysis tool: Rank and Percentile

Summarizing It All

Counting Out

COUNT, COUNTA, COUNTBLANK, COUNTIF, COUNTIFS

The Long and Short of It

MAX, MAXA, MIN, and MINA

Getting Esoteric

SKEW and SKEW.P

KURT

Tuning In the Frequency

FREQUENCY

Data analysis tool: Histogram

Can You Give Me a Description?

Data analysis tool: Descriptive Statistics

Be Quick About It!

Instant Statistics

What's Normal?

Hitting the Curve

Digging deeper

Parameters of a normal distribution

NORM.DIST

NORM.INV

A Distinguished Member of the Family

NORM.S.DIST

NORM.S.INV

PHI and GAUSS

Graphing a Standard Normal Distribution

Drawing Conclusions from Data

The Confidence Game: Estimation

Understanding Sampling Distributions

An EXTREMELY Important Idea: The Central Limit Theorem

(Approximately) simulating the Central Limit Theorem

The Limits of Confidence

Finding confidence limits for a mean

CONFIDENCE.NORM

Fit to a t

CONFIDENCE.T

One-Sample Hypothesis Testing

Hypotheses, Tests, and Errors

Hypothesis Tests and Sampling Distributions

Catching Some Z's Again

Z.TEST

t for One

T.DIST, T.DIST.RT, and T.DIST.2T

T.INV and T.INV.2T

Visualizing a t-Distribution

Testing a Variance

CHISQ.DIST and CHISQ.DIST.RT

CHISQ.INV and CHISQ.INV.RT

A POINT TO PONDER

Visualizing a Chi-Square Distribution

Two-Sample Hypothesis Testing

Hypotheses Built for Two

Sampling Distributions Revisited

Applying the Central Limit Theorem

Z's once more

Data analysis tool: z-Test: Two Sample for Means

t for Two

Like peas in a pod: Equal variances

Like p's and q's: Unequal variances

T.TEST

Data analysis tool: t-Test: Two Sample

A Matched Set: Hypothesis Testing for Paired Samples

T.TEST for matched samples

Data analysis tool: t-Test: Paired Two Sample for Means

t-tests on the iPad with StatPlus

Testing Two Variances

Using F in conjunction with t

F.TEST

F.DIST and F.DIST.RT

F.INV and F.INV.RT

Data analysis tool: F-test: Two Sample for Variances

Visualizing the F-Distribution

Testing More Than Two Samples

Testing More than Two

A thorny problem

A solution

Meaningful relationships

After the F-test

Planned comparisons

Unplanned comparisons

Data analysis tool: Anova: Single Factor

Comparing the means

Another Kind of Hypothesis, Another Kind of Test

Working with repeated measures ANOVA

Getting trendy

A LITTLE MORE ON TREND

Data analysis tool: Anova: Two-Factor Without Replication

Analyzing trend

ANOVA on the iPad

ANOVA on the iPad: Another Way

Repeated Measures ANOVA on the iPad

Slightly More Complicated Testing

Cracking the Combinations

Breaking down the variances

Data analysis tool: Anova: Two-Factor Without Replication

Cracking the Combinations Again

Rows and columns

Interactions

The analysis

Data analysis tool: Anova: Two-Factor With Replication

Two Kinds of Variables — at Once

Using Excel with a Mixed Design

Graphing the Results

After the ANOVA

Two-Factor ANOVA on the iPad

Regression: Linear and Multiple

The Plot of Scatter

Graphing a line

Regression: What a Line!

Using regression for forecasting

Variation around the regression line

Testing hypotheses about regression

Testing the fit

Testing the slope

Testing the intercept

Worksheet Functions for Regression

SLOPE, INTERCEPT, STEYX

FORECAST.LINEAR

Array function: TREND

Predicting y’s for the x’s in your sample

Predicting a new set of y's for a new set of x’s

Array function: LINEST

Data Analysis Tool: Regression

Working with tabled output

Opting for graphical output

Juggling Many Relationships at Once: Multiple Regression

Excel Tools for Multiple Regression

TREND revisited

LINEST revisited

Regression data analysis tool revisited

Regression Analysis on the iPad

Correlation: The Rise and Fall of Relationships

Scatterplots Again

Understanding Correlation

Correlation and Regression

Testing Hypotheses about Correlation

Is a correlation coefficient greater than zero?

Do two correlation coefficients differ?

Worksheet Functions for Correlation

CORREL and PEARSON

RSQ

ITEM ANALYSIS: A USEFUL APPLICATION OF CORRELATION

COVARIANCE.P and COVARIANCE.S

Data Analysis Tool: Correlation

Tabled output

Multiple correlation

ADJUSTING R2

Partial correlation

Semipartial correlation

Data Analysis Tool: Covariance

Using Excel to Test Hypotheses about Correlation

Worksheet functions: FISHER, FISHERINV

Correlation Analysis on the iPad

It’s About Time

A Series and Its Components

A Moving Experience

Lining up the trend

Data analysis tool: Moving Average

How to Be a Smoothie, Exponentially

One-Click Forecasting

TRIPLING THE FUN — EXPONENTIALLY

Working with Time Series on the iPad

Nonparametric Statistics

Independent Samples

Two samples: Mann-Whitney U test

More than two samples: Kruskal-Wallis one-way ANOVA

Matched Samples

Two samples: Wilcoxon matched-pairs signed ranks

More than two samples: Friedman two-way ANOVA

More than two samples: Cochran's Q

Correlation: Spearman’s rS

A Heads-Up

Probability

Introducing Probability

What Is Probability?

Experiments, trials, events, and sample spaces

Sample spaces and probability

Compound Events

Union and intersection

Intersection, again

Conditional Probability

Working with the probabilities

The foundation of hypothesis testing

Large Sample Spaces

Permutations

Combinations

Worksheet Functions

FACT

PERMUT and PERMUTIONA

COMBIN and COMBINA

Random Variables: Discrete and Continuous

Probability Distributions and Density Functions

The Binomial Distribution

Worksheet Functions

BINOM.DIST and BINOM.DIST.RANGE

NEGBINOM.DIST

Hypothesis Testing with the Binomial Distribution

BINOM.INV

More on hypothesis testing

The Hypergeometric Distribution

HYPGEOM.DIST

More on Probability

Discovering Beta

BETA.DIST

BETA.INV

Poisson

POISSON.DIST

Working with Gamma

The gamma function and GAMMA

The gamma distribution and GAMMA.DIST

GAMMA.INV

Exponential

EXPON.DIST

Using Probability: Modeling and Simulation

Modeling a Distribution

Plunging into the Poisson distribution

Visualizing the Poisson distribution

Working with the Poisson distribution

Using POISSON.DIST again

Testing the model's fit

A word about CHISQ.TEST

Playing ball with a model

A Simulating Discussion

Taking a chance: The Monte Carlo method

Loading the dice

Data analysis tool: Random Number Generation

Simulating the Central limit Theorem

Simulating a business

Estimating Probability: Logistic Regression

Working Your Way Through Logistic Regression

Mining with XLMiner

The Part of Tens

Ten (12, Actually) Statistical and Graphical Tips and Traps

Significant Doesn't Always Mean Important

Trying to Not Reject a Null Hypothesis Has a Number of Implications

Regression Isn't Always Linear

Extrapolating Beyond a Sample Scatterplot Is a Bad Idea

Examine the Variability Around a Regression Line

A Sample Can Be Too Large

Consumers: Know Your Axes

Graphing a Categorical Variable as a Quantitative Variable Is Just Plain Wrong

Whenever Appropriate, Include Variability in Your Graph

Be Careful When Relating Statistics Textbook Concepts to Excel

It’s Always a Good Idea to Use Named Ranges in Excel

Statistical Analysis with Excel on the iPad Is Pretty Good!

Ten Topics (Thirteen, Actually) That Just Don't Fit Elsewhere

Graphing the Standard Error of the Mean

Probabilities and Distributions

PROB

WEIBULL.DIST

Drawing Samples

Testing Independence: The True Use of CHISQ.TEST

Logarithmica Esoterica

What is a logarithm?

What is e?

LOGNORM.DIST

LOGNORM.INV

Array Function: LOGEST

Array Function: GROWTH

Predicting y's for the x's in your sample

Predicting a new set of y's for a new set of x's

The logs of Gamma

Sorting Data

Appendices

When Your Data Live Elsewhere

Tips for Teachers (and Learners)

Augmenting Analyses Is a Good Thing

Understanding ANOVA

Revisiting regression

Simulating Data Is Also a Good Thing

When All You Have Is a Graph

More on Excel Graphics

Tasting the Bubbly

Taking Stock

Scratching the Surface

On the Radar

Growing a Treemap and Bursting Some Sun

Building a Histogram

Ordering Columns: Pareto

Of Boxes and Whiskers

3D Maps

Filled Maps

The Analysis of Covariance

Covariance: A Closer Look

Why You Analyze Covariance

How You Analyze Covariance

ANCOVA in Excel

Method 1: ANOVA

Method 2: Regression

After the ANCOVA

And One More Thing

Index

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

U

V

W

X

Y

Z

About the Author

Dedication

Author’s Acknowledgments

WILEY END USER LICENSE AGREEMENT

Отрывок из книги

What? Yet another statistics book? Well, this is a statistics book, all right — but in my humble (and thoroughly biased) opinion, it's still, after four editions, not just another statistics book.

What? Yet another Excel book? Same thoroughly biased opinion (still, after four editions) — it's not just another Excel book. What? Yet another edition of a book that’s not just another statistics book and not just another Excel book? Well … yes. For the fifth time, you got me there.

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