QRB 501 Week 3 Excel Questions Solved

QRB501ExcelTemplateWeek3Questions.xlsx

QRB 501  Week 3 Excel Questions Solved

2

>Instructions

Individual

ssignment

2

Instructions:
		Week		3		A
Total Number of Questions –		1
1. You have twelve problems – one on each tab of this Excel file.
2. Please show your work in the cells. Use Excel formulas instead of writing the values/answers directly in the cell.
The instructor will then know where you made a mistake and provide you valuable feedback and partial credit (if appropriate).

Question 1

days to complete the assignment?

Fifty business students were given a project to complete. The bar graph below shows the number
of days it took the students to complete the assignment.
1. How many students took Save Time On Research and Writing Hire a Pro to Write You a 100% Plagiarism-Free Paper. Get My Paper		4
2. How many students completed the project in 3 days or less?
3. What percent of students completed the project in 3 days or less?
									State the answer as a percentage with one digit after decimal.

Question 2

ollar Volume of

atesville Tire

ompany.

State the answer as a percentage with one digit after decimal.

State the answer as a percentage with one digit after decimal.

The bar graph below shows the Quarterly		D		B		C
Refer to the bar graph below and answer the questions.
1. Which quarter had the highest dollar volume?
2. What percent of the yearly sales were the sales for October–December?
3. What was the percent of increase in sales from the first to the second quarter?

Question 3

The line chart below shows data for Automobile Gasoline Mileage Comparisons for
full-size and compact cars.
Refer to the chart and answer the questions.
1. What speed gave the highest gasoline mileage for both types of automobiles?
2. What speed gave the lowest gasoline mileage for both types of automobiles?
3. At what speed did the first noticeable decrease in gasoline mileage occur?
Which car showed this decrease?		Choose one

Question 4

.

State the answer as a percentage with one digit after decimal.

Percentage of increase State the answer as a percentage with one digit after decimal.

to 2017.

Amount of increase Percentage of increase State the answer as a percentage with one digit after decimal.

The line chart below shows Dale Crosby’s Salary History.
Refer to this chart and answer the questions.
1. Calculate the amount and percent of increase in Dale’s salary from 2014 to 201		5
	Amount of increase
		Percentage of increase
2. What is the percent of increase in Dale’s salary from 2012 to 2013?
3. Calculate the amount and percent of increase in Dale’s salary from 201		6
4. If the cost-of-living increase was 10% from 2011 to 2016, determine if Dale’s
salary for this period of time kept pace with inflation.
Hint: For part 4, follow the steps below:
Step 1: Find the amount of salary increase from 2011 to 2016.
Step 2: Find the percentage increase from 2011 to 2016.
Step 3: If the percentage increase from Step 2 is greater than 10% cost-of-living increase, then
Dale’s salary kept pace with inflation, otherwise no.
Step 1: Amount of salary increase from 2011 to 2016
Step 2: Percentage increase from 2011 to 2016	State the answer as a percentage with no decimal.
Step 3: Did the salary keep pace with inflation?	(Choose one)

Question 5

State the answer as a percentage with one digit after decimal.

State the answer as a percentage with one digit after decimal.

State the answer as a percentage with one digit after decimal.

State the answer as a percentage with one digit after decimal.

The pie chart below shows the family budget. Refer to the chart and answer the following questions.

1. What is the total take-home pay?

2. What percent of the total take-home pay is allocated for transportation?

3. What percent of the take-home pay is allocated for food?

4. What percent of take-home pay is spent for education?

5. What percent of take-home pay is spent for education when education,

savings, and miscellaneous funds are combined to be used for education?

Total of education, savings, and miscellaneous funds

Percentage of take-home pay spent on this combined total

Question 6

The bar chart shows the distribution of tax dollars. Refer to the chart and answer the following questions.

1. What expenditure is expected to be the same next year as this year?

2. What two expenditures are expected to increase next year?

3. What two expenditures are expected to decrease next year?

4. What expenditure was greatest both years?

Question 7

isfaction Survey uses an online questionnaire to provide airlines and airports with

,

, Good,

, and

, is used to record customer ratings. Assume

Excellent
Excellent

Good

Excellent

Excellent

Good
Very Good

Excellent
Excellent
Good
Very Good
Very Good
Very Good
Very Good
Very Good
Excellent

Fair

Excellent
Very Good
Very Good
Excellent
Very Good
Very Good
Excellent
Excellent
Very Good
Excellent
Excellent

Poor

Very Good
Excellent
Very Good
Very Good
Excellent
Very Good
Excellent
Excellent
Very Good
Very Good
Very Good
Excellent
Good
Very Good
Poor
Excellent
Very Good
Excellent
Very Good
Very Good

The Canmark Research Center Airport Customer

Sat

customer satisfaction ratings for all aspects of the customers’ flight experience (airportsurvey website, July 2012). After completing a

flight, customers receive an e-mail asking them to go to the website and rate a variety of factors, including the reservation process,

the check-in process, luggage policy, cleanliness of gate area, service by flight attendants, food/beverage selection, on-time arrival,

and so on. A five-point scale, with

Excellent

Very

Good

Fair

Poor

that passengers on a delta Airlines flight from Myrtle beach, South Carolina, to Atlanta, Georgia, provided the following ratings for the

question, “Please rate the airline based on your overall experience with this flight.” The sample ratings are shown below.

Rating

Credit: Anderson, D. R., Sweeney, D. J., Williams, T. A., Camm, J. D., & Cochran, J. J. (2017). Statistics for business & economics 13e. Boston: Cengage Learning.

1. Use the pivot table feature in Microsoft Excel and create a frequency distribution with two columns – Rating and Frequency.

Very Good

2. Use Excel to create a bar chart (or a pivot bar chart)

3. Use Excel to create a pie chart (or a pivot pie chart)

4. Interpret information from the charts and the frequency distribution.

Question 8

Sat

The data below shows the total sales per day of the week by four salespersons.
Use Microsoft Excel to construct a line chart (graph)showing total sales by the days
of the week for Happy’s Gift Shoppe.
Sales	Which day of the week constituted highest sales?
Mon	$233.94
Tue	$352.55
Wed	$355.16
Thu	$542.18
Fri	$369.01
$611.77

Question 9

72

72

89

72

Use Excel to find the mean, median, and mode of the scores given below.
92
68
	Mean
			72
83
	Median
95	Mode
88
76
	89
96
74

Question 10

Week A B C D
1

2

3

4

5

6

Week A B C D
1 1774 2205 1330 1402
2 1808 1507 1295 1665
3 1890 2352 1502 1530
4 1932 1939 1104 1826
5 1855 2052 1189 1703
6 1726 1630 1441 1498
Mean
Median

After your MBA, you are employed as a business analyst for a company that makes household products,
which are sold by part-time salespersons who work during their spare time. The company has four
salespersons employed. Let us denote these salespersons by A, B, C, and D. The sales records (in dollars)
for the past 6 weeks for these four salespersons are shown in the table below.
	1774		2205		1330		1402
	1808		1507		1295		1665
	1890		2352		1502		1530
	1932		1939		1104		1826
	1855		2052		1189		1703
	1726		1630		1441		1498
Your supervisor has asked you to prepare a brief analysis comparing the sales volumes and the consistency
of sales of these four salespersons. Use the mean sales for each salesperson to compare the sales volumes,
and then choose an appropriate statistical measure to compare the consistency of sales.
MIN
MAX
Range
Std Dev
Variance
Case Adapted from Introductory Statistics, 8e, Mann

Question 11

Choose one

The data below shows personal income for Quarters 2014: II – 2015: III in millions of dollars, seasonally
adjusted at annual rate.
Quarter II, 2014	$14,603,925	After plotting the line graph, answer the following questions:
Quarter III, 2014	$14,784,309
Quarter IV, 2014	$14,925,215	1. Is the graph exhibiting an increasing, decreasing, or fluctuating trend?
Quarter I, 2015	$15,056,970
Quarter II, 2015	$15,254,088
Quarter III, 2015	$15,449,647
2. Which quarter showed the highest personal income?

Question 12

5%

4%

Construct a pie chart (circle graph) showing the distribution of market share using the data below.
The data represents the percent dollar market of comics and magazine sales for September (Rounded
to the nearest whole percent).
Publisher	Market Share	After plotting the pie chart, answer the following questions.
Marvel Comics	3	5%
DC Comics	32%	1. What percent of market share is held by the largest three companies?
Image Comics
Dark Horse Comics		4%	2. What was Image Comics’ sales for September if the total market was $80,000,000?
Dreamweave Productions
All others	20%	3. If the total market had $80,000,000 in comics and magazine sales for September, what were the sales for Marvel Comics?