SOLVER will help me to solve this problem. As of now, I don’t know how much units price I have to increase. The total cost is 52500, and the total profit is 23000.Īs a proprietor, I want to earn a profit of 30000 by increasing the unit price.
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Units sold quantity is 7550 at a selling price of 10 per unit. I have data of product units, unit price, total cost, and the total profit. SOLVER Option – Example#2Ī solver is nothing but solving the problem. We can also do the T-test by using the built-in function T.TEST. If you P (T<=t) two-tail, it is 0.314, which is higher than the standard expected P-value of 0.05. The result will show the mean value of two teams, Variance Value, how many observations are conducted or how many values taken into consideration, Pearson Correlation etc.…
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Step 7: From the D1 cell, it will start showing the test result. Step 6: Click on Labels because we have selected the ranges, including headings. Step 5: Output Range selects the cell where you want to display the results. Step 4: Under Variable 1 Range, select team 1 score and under Variable 2 Range, select team 2 score. Step 3: After selecting the first t-Test, you will see the below options.
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Under T-test, you will three kinds of T-test select the first one, i.e. Step 2: Once you click on Data Analysis, you will see a new dialogue box. Step 1: Select the Data Analysis option under the DATA tab. Look at the below data of two teams scoring pattern in the tournament.
#Simple statistical analysis in excel download
You can download this Data Analysis Tool Excel Template here – Data Analysis Tool Excel Template T-test Analysis – Example #1Ī t-test is returning the probability of the tests.