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Discover how to effectively utilize Microsoft Excel for marketing research through comprehensive statistical functions. This guide, inspired by William G. Zikmund's methodologies, explains essential Excel tools like the Data Analysis dialog box, paste functions, and key statistical operations, including AVERAGE, SUM, MODE, and standard deviation. Learn to structure formulas, utilize arguments, and implement histogram functions to analyze data efficiently. Enhance your analytical skills and streamline your marketing research process using Excel's powerful capabilities.
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Using Microsoft Excel with Exploring Marketing Research By William G. Zikmund
TITLE BAR MENU BAR STANDARD TOOLBAR FORMATTING TOOLBAR FORMULA BAR ACTIVE CELL
PASTE FUNCTION TOOLS MENU
Data Analysis Dialog Box • Click on “Tools” • Select “Data Analysis” • Select statistical operation • such as Histogram
Functions • Functions are predefined formulas for mathematical operations • They perform calculations by using specific values, called arguments • Arguments indicate data or a range of cells • Arguments are performed, in a particular order, called the syntax.
Functions • Functions are predefined formulas for mathematical operations • They perform calculations by using specific values, called arguments • Arguments are performed, in a particular order, called the syntax. • For example, the SUM function adds values or ranges of cells
Easy to Use Paste Functions • AVERAGE (MEAN) • MEDIAN • MODE • SUM • STANDARD DEVIATION
Functions • The syntax of a function begins with the function name • followed by an opening parenthesis • the arguments for the function • separated by commas • a closing parenthesis. • If the function starts a formula, an equal sign (=) is typed before the function name.
The Equal Sign Then The Function Name And Arguments • =FUNCTION (Argument1) • =FUNCTION (Argument1,Argument2)
Arguments • Typical arguments are numbers, text, arrays, and cell references. • Arguments can also be constants, formulas, or other functions.
Data Array • The data appear in cells A2 through 14 • A2:A14 • Sometimes written with dollars signs • $A$2:$A$14
Sum, Average, and Standard Deviation • =FUNCTION (Argument1) • =SUM(A2:A9) • =AVERAGE(A2:A9) • =STDEVA(A2:A9)
Proportion • =COUNT • =COUNTIF • DIVIDE COUNTIF BY COUNT • =D3/D2
Frequency Distributions • There are alternative ways of constructing frequency distributions • COUNTIF function • HISTOGRAM function
=COUNTIF(A6:A134,1) =D4/D9*100
Histogram Function • Tools -Data Analysis-Histogram • Bins
The bins are the frequency categories