Project: Conduct Quantitative Analysis ( Need Corrections)

For this Project, you have to follow the instruction given in each steps 1 – 10 below. I have already done the project but end up failing this project. For that reason , I would like you to make corrections on my given attached sheet and give it back to me.However, you have to redo the several steps compelty as well. Like answering questions and essay.

Conduct Quantitative Analysis - Management

Transcript

Your manager, Pat Williams, invites you to meet again to discuss another project. It turns out that Cybertech's competitors have been closing in on market share. Pat asks you to analyze data about the company's workforce and to prepare an analysis of its current composition. The report is due in two weeks. Your quantitative analysis will be used to advise the company's management on the cost of doing business, and how to achieve success and income revenues, as well as make recommendations on the allocation of salaries across the company. Pat explains more about the requirements. Pat asks that your report must consider personnel by organizational roles, salaries, length of service, level of education, age, race, gender, marital status, and region. Pat explains that your analysis will be reviewed to determine how the company's employee demographics compare with industry peers and competitors. You learn that you will present your report to leadership at their quarterly strategic planning meeting. You know that you'll need to use your statistical skills and technical skills to identify and manipulate the data. You'll also need to draw relevant conclusions based on quantitative reasoning. First, sketch out a plan to review your skills in math, statistics, and Excel. Second, you'll need to work through the data to produce supporting charts and graphs. Third, you'll need to complete the analysis well before the due date. Time to get busy. 

Step 2: Set Up Your Spreadsheet

Now that you’ve assessed and refreshed these important skills, you’re ready to begin. First download the Excel template ( I have attached spreadsheet already.) and use it to set up your spreadsheet. ) I am providing another work sheet that I worked on and end up not getting good grade. So make correction on that sheet.) This step has you set up a basic view in preparation for the use of several tools.

After you’ve formatted and set up the basic view and saved it with your name, you’re ready to move to the next step and add data.

Step 3: Add Data

With the spreadsheet set up and saved with your last name, you're ready to add data. In Section 1 on the Data page, complete each column of the spreadsheet to arrive at the desired calculations.

When you're ready, move on to the next step, where you will use functions to summarize the data.

Add Data

In Section 1 on the Data page, complete each column of the spreadsheet to arrive at the desired calculations. Use Excel formulas to demonstrate that you can perform the calculations in Excel. Remember, a cell address is the combination of a column and a row. For example, C11 refers to Column C, Row 11 in a spreadsheet.

Reminder: Occasionally in Excel, you will create an unintentional circular reference. This means that within a formula in a cell, you directly or indirectly referred to (back to) the cell. For example, while entering a formula in A3, you enter =A1+A2+A3. This is not correct and will result in an error. Excel allows you to remove or allow these references.

Hint: Another helpful feature in Excel is Paste Special. Mastering this feature allows you to copy and paste all elements of a cell, or just select elements like the formula, the value or the formatting.

"Names" are a way to define cells and ranges in your spreadsheet and can be used in formulas. For review and refresh, see the resources for Create Complex Formulas and Work with Functions.

Ready to Begin?

1. To calculate hourly rate, you will use the annual hourly rate already computed in Excel, which is 2080. This is the number most often used in annual salary calculations based on full time, 40 hours per week, 52 weeks per year. In E11 (or the first cell in the Hrly Rate column), create a formula that calculates the hourly rate for each employee by referencing the employee’s salary in Column D, divided by the value of annual hours, 2080. To do this, you will create a simple formula: =D11/2080. Complete the calculations for the remainder of Column E. If you don’t want to do this cell by cell, you can create a new formula that will let you use that same formula all the way to the end of the column. It would look like this: =$D$11:$D$382/2080.

2. In Column F, calculate the number of years worked for each employee by creating a formula that incorporates the date in cell F9 and demonstrates your understanding of relative and absolute cells in Excel. For this, you will need a formula that can compute absolute values to determine years of service. You could do this longhand, but it would take  a long time. So, try the YEARFRAC formula, which computes the number of years (and even rounds). Once you start the formula in Excel, the element will appear to guide you. You need to know the “ending” date (F9) and the hiring date (B11). The formula looks like this: =YEARFRAC($F$9,B11), and the $ will repeat the formula calculation down the column as before if you grab the edge of the cell and drag it to the bottom of the column.

3. To determine if an employee is vested or not In Column I, use an IF statement to flag with a "Yes" any employees who have been employed 10 years or more. Here is how an IF statement works: =IF(X is greater (or less than) Y, “Answer”, IF not, “Answer”). To create this as a formula, it would look like this: =IF(F11>=10,"Yes","No"). You can drag this formula down the column, or highlight the starting cell, hold down the Shift key, and zip down to cell 382 and release, and the whole column should compute properly.

4. Using the VLookup function, use the Region Key located at F417:G420 to fill in the cells in Column N to identify the region in which the employee is located based on the state listed in Column M. (If this function is new to you— hang in there—this one is worth it.

VLOOKUP requires that you tell Excel where to look for the information. =VLOOKUP(Cell value to look up, From:To, Position, Alternate answer?) Go to the data first:

Snip is used by courtesy of Microsoft.

You will devise a formula that will match the state to a region (in position 2). We will use the $ function to enable a repeat of the formula down the column. =VLOOKUP(M11,$F$417:$G$420,2,FALSE).

To view videos that explain these formulas, refer back to Step 1 under the link titled Access Tutoring Help and Other Resources. The videos were created for another course but pertain to this same data set.

Step 4: Use Functions to Summarize the Data

With the data built, you are ready to start using tools to summarize the data, using Countif and the Sum function to do the math. In this step, you'll begin to see patterns in the data and the story of the workforce.

Take a breather here if you need it. You should strive to work through the first four steps this week. Check in with your instructor.

With this step complete, you’re ready to begin your analysis.

Learning Topic

Print

Summarize the Data

You are now ready to move into Section 2 to prepare the data for future analysis, to include simple statistical analyses and charts and graphs to present the data. To start, begin by presenting categories of data in summary tables and counting them, totaling them, and calculating percentages. This basic analysis helps you begin to describe patterns in the data and starts to form the story of the workforce.

Complete each table in Section 2. Use the Countif Function to count each item in each table. Use the Sum Function to total the tables when required. Calculate percentages for each table as required. Format cells appropriately. Remember to make smart use of reference cells in formulas (avoid typing in numbers or text into formulas—point to other cells) and use mixed and fixed cell references to make copying formulas easier/faster. Your supervisor will look for this!

Using the COUNTIF Function

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The COUNTIF function allows the student to tabulate the instances (or frequency) of a specified value (character or numeric) within a range of cells in Excel. To begin, you select a cell and type:

2

After entering the initial text, it will ask you to select your range and criteria. The range represents your highlighted selection of cells that you are tabulating a specified value. To select your range, you can highlight the cells. When you do that, you’ll see how the function automatically inserts the cell range into your formula (below). When you do that, you can insert a comma (,) after the range (as shown by the circle) and then move to the criteria portion of the formula.

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Your criteria is the investigate component of the formula. So if the formula is asking for cell values less than 2, it will tabulate all selected cells in your range that are less than 2. In the formula, it would resemble the following: =COUNTIF(A4:A12, <2). Note: In terms of tabulating the frequency of text (such as region), it’s important to note the need to use “ “ to make the variable character (below). When you entered your criteria and are ready to tabulate, you can close your formula by entering a close parenthesis --- ).

Note: If you are dealing with numeric data, the “ “ are not needed before and after the text of your key variable.

Step 5: Analyze the Workforce

You’ve summarized the data. Next, you will employ descriptive or summary statistics to analyze the workforce. Your summary tables described "how many." Now you will calculate mean, median, and mode for the categories of data, and derive the deviation, variance, and dispersion, and distribution. This is where it gets interesting.

You will be working in Section 3 of the Data tab in the spreadsheet to complete the descriptive statistics for the five categories (Salary, Hourly Rate, Years of Service, Education, and Age). Using Excel formulas, complete the table.

After you have used Excel formulas to find this information, you will next use the Toolpak to find summary statistics.

Step 6: Use the Analysis Toolpak

Your data set is now built. Now, you will use the same functions to perform the  Descriptive Analysis Using the Analysis Toolpak . This is a handy feature to know. Remember that there may be some minor differences in the answers depending on the version.

You should now have Tab 2 complete: Excel Summary Stats. Next, you'll create charts and a histogram for Tabs 3 and 4.

Descriptive Analysis Using the Analysis Toolpak

The steps you just followed enabled you to calculate descriptive statistics using individual Excel functions. Did you know that you can generate the same descriptive statistics in one easy step? 1. First, make sure you have enabled the data analysis toolpak feature. When you completed that successfully, you will see the words “Data Analysis” or an icon on the top right on the Data functions. Select that and then choose “Descriptive Statistics” from the list. 2. The next step will be to provide the input and output. Since you want to have statistics for all the selected categories, you will provide the location of the data on the spreadsheet in the input box. o Provide the inclusive cells for the five categories by typing in the field, or capture the columns with your mouse and the field will show in the input range. o Check the labels box so you have titles for the categories. Then select "New Worksheet Ply." Your output will be now be in a new sheet on your tab. 3. Label your new sheet Summary Stats and format the columns for readability. 4. Compare your calculations using the data analysis feature to the results you obtained in the previous step, when you calculated the results manually with individual functions. You should not have a large disparity. This tool is handy for quick computations, and you will use it again to create your histogram in Step 7.

Step 7: Create Charts and a Histogram

Where would we be without the ability to view data in charts? It is sometimes easier to grasp the context of data if it is captured in an image. In this step, you will work with data to create charts, adding a tab for charts, and another for a histogram.

In this step, you will build Tab 3: Graphs—Charts and Tab 4: Histogram. After you complete these tabs, you’ll be ready to sort the data.

Work With Data to Create Charts

It is often helpful to view and interpret analytical results when they are presented visually. Graphs and charts help readers digest and interpret information quickly, consistent with the familiar adage "a picture is worth a thousand words." Let’s see what we can see in your data analysis.

Create the following graphs in your workbook on a separate tab named Graphs_Charts:

1. Create separate pie charts that show percentages of employees by (1) gender, (2) education level, and (3) marital status. Explore pie chart formats.

2. Create separate bar charts that show the (1) number of employees by race and (2) the number of employee per state.

3. Create a line graph for the sales summary provided.

4. Create a histogram that shows the number of employees in incremental salary ranges of $10,000. Here, you want to show how many employees are making $0–$20,000; $20,001–$30,000; $30,001–$40,000; and so forth, up to the highest salary range. This involves counting how many employees are in each "salary bucket" to create a frequency distribution table and histogram. Histograms seem hard, but mastering how to visualize the frequency of events is helpful for analysis.

Used with permission from Microsoft.

Note: Your Excel spreadsheet template has the upper limit and labels already identified. Complete the table and histogram by engaging the Data Analysis Toolpak. Place the output on a new worksheet and label it Histogram.

Step 8: Copy and Sort the Data

You’ve accomplished a lot with the data set, summary stats, charts, and histograms. Another skill you’ll need to be able to do is sorting data in an Excel worksheet for reporting purposes. You’ll copy the data so that you can learn how to sort it. This is a good skill that applies to any Excel application.

In this step, you will create Tab 5: Sorted Data. When you’re finished, you’ll be ready to conduct a quantitative analysis.

See below for example of a sorted spreadsheet.

Copy the Data So That You Can Learn How to Sort It

Many times we want to sort data on an Excel worksheet for reporting purposes. Let’s see what other perspectives the functions of sorting and subtotaling yield.

1. Begin by following the steps in the “How to Copy Excel 2010 Sheet to Another Sheet” provided below. This will allow you to retain your work for Steps 2 through 7. Place the sheet at the end of the workbook and title the tab "Sorted Data."

2. Delete all rows containing Section 2 and Section 3 work. Be sure to leave the section in cells F417:I422, as this section is referenced for the Vlookup function populating the region; otherwise, you will get a #N/A or #REF! Error in the column for region.

3. Apply the ability to sort data on each column of the spreadsheet, so that you can sort by employee #, hire date, role, etc.

4. Experiment with the filter funnel, sorting the data by various columns. For example, try sorting by employee number from smallest to largest. Try sorting by role in ascending order (A-Z).

5. Sort the spreadsheet by region.

6. Employ the subtotal feature to subtotal the salary for each region, with a grand total for the company.

7. Format the entire spreadsheet to print, so that the columns fit on the pages, and Row 1 repeats on each page.

Step 9: Conduct Quantitative Analysis

In this step, your hard work bears fruit. What does it all mean? Think back to your boss's reasons for tasking you with this project. Bring your powers of analysis to bear to determine what the data may be telling you. Apply your quantitative reasoning skills to answer five questions that demonstrate your interpretation of the data. The questions are located on the QR Questions_Responses tab in your workbook.

After answering the five questions, finish the project by writing a short essay. The essay will include:

· a one-paragraph narrative summary of your findings, describing patterns of interest

· an explanation of the potential relevance of such patterns

· a description of how you would investigate further to determine if your results could be perceived as good or bad for the company.

Prepare your responses in your workbook on the QR Questions_Responses tab.

Good job! In the next step, you’ll submit the workbook and analysis.

Step 10: Submit Your Completed Workbook and Analysis

You’re now ready to submit the workbook and analysis for review and feedback. Review the requirements for the final deliverable to be sure you have:

1. Excel Workbook with Six Tabs

· Tab 1: Data – completed data sheet (Steps 1–6 above)

· Tab 2: Excel Summary Stats (Step 6)

· Tab 3: Graphs – Charts (Step 7)

· Tab 4: Histogram (Step 7)

· Tab 5: Sorted Data (Step 8)

· Quantitative Analysis (Step 9; see detail below and move to first position upon completion.)

2. Quantitative Analysis: Answers to Questions and Short Essay

· Prepare your response in this workbook. Create a tab for Quantitative Analysis, create a text box, and paste your answers to the questions in it. Move the Quantitative Analysis tab to the first tab position.

· Your final workbook tabs:

· Quantitative Analysis

· Data

· Excel Summary Stats

· Graphs–Charts

· Histogram

· Sorted Data

3. Format to Be Printed

· Format this workbook so that all the spreadsheets can be printed.