Excel Statistical Analysis - Introduction to Probability, Power Query & Pivot Table Example

Excel Statistical Analysis - Introduction to Probability, Power Query & Pivot Table Example

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) Introduction

1 of 33

1 of 33

) Introduction

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Excel Statistical Analysis - Introduction to Probability, Power Query & Pivot Table Example

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  1. 1 ) Introduction
  2. 2 ) Examples of Probability
  3. 3 ) What is Probability? Define Probability.
  4. 4 ) Types of Probabilities
  5. 5 ) Define Random Experiment
  6. 6 ) Define Sample Points
  7. 7 ) Define Sample Space
  8. 8 ) Tree Diagrams to list all Sample Points in Sample Space
  9. 9 ) Table Diagram to list all Sample Points in Sample Space
  10. 10 ) Array Formula to create Sample Space for Rolling Dice Experiment. Learn about the SEQUENCE Array Function. See a Spilled Array Formulas that spills 36 answers.
  11. 11 ) Calculate Probability by counting Sample Points.
  12. 12 ) Counting Rule to count all Experimental Outcomes or Sample Points
  13. 13 ) Difference between Combinations and Permutations
  14. 14 ) Example of when to use Combinations
  15. 15 ) Combinations and the COMBIN function
  16. 16 ) Permutations and the PERMUT function
  17. 17 ) Basic Requirements for Probability
  18. 18 ) Define Events
  19. 19 ) Define Probability of Events. Three Examples.
  20. 20 ) Isaac’s Italian Restaurant Example of Samples Points, Events and Probabilities – done from a data set of business records. This example shows the relationship between a data set, Sample Points and …
  21. 21 ) Comprehensive Business Example of using data to useful information for business decision making based on Probability for the Sonic Home Earthquake Retrofit Company.
  22. 22 ) Excel Smart Art Horizontal Hierarchy to create Tree Diagram with all Samples Points
  23. 23 ) Consider goal of project: Calculate the Probability that a project will take 1 month or less. Classical Probability is not appropriate. We know this based on past data. We use a data set with compa…
  24. 24 ) Look at data set
  25. 25 ) Power Query to import CSV data
  26. 26 ) Excel Table formulas to create sample points and sum of project hours in business record data set
  27. 27 ) PivotTable to create Relative Frequency Distribution based on sample points
  28. 28 ) Calculate Probability based on Sample Point Frequency Distribution.
  29. 29 ) PivotTable to create Relative Frequency Distribution based on random variable “Total Weeks For Project”
  30. 30 ) Calculate Probability based on the Variable “Total Weeks for Project” Frequency Distribution.
  31. 31 ) Summary of business example
  32. 32 ) Summary of video
  33. 33 ) Closing and Video Links

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