Statistics for the non-statistician

Overview:

The Excel Data Analysis ToolPak Add-in allows Excel users to solve statistical analysis problems WITHOUT the need for the statistical background or being familiar with conventional Excel statistical functions.  This tool can solve your problems applicable to finance, statistics, engineering and more.

The "Descriptive Statistics" feature of the Data Analysis ToolPak, allows you to analyze data and get all the statistical summaries of that data (Sum, Average, High, Low, Median, Standard Deviations and a few more) with just a few clicks. 

The "Histogram" part of this tool, creates a frequency-distribution of occurrences - and a frequency-distribution-chart without the effort and know-how that other statistical functions require. 

The "Correlation" feature the ToolPak is a tool that will, almost instantly, generates all the multiple correlation coefficients between a number of variables simultaneously. 

This workshop will cover the recently introduced "Forecast Sheet" an easy-to-use tool to help you forecast future values based of historical data. This tool will work for you again, without a statistical background. 

You will receive all the Excel files before the workshop – so that you can practice all these techniques during the workshop and on you own. 

Why you should Attend:

The vast majority of college students feel overwhelmed by statistical concepts. This anxiety often persists into their professional lives.

Statistics enables you to:

• Effectively conduct research
• Make decisions based on the data collected
• Understand what statistics they want to use before they collect their data
• Employ the correct analyses, and effectively present the results

Areas Covered in the Session:

• Learn how to download the Excel Data Analysis ToolPak.
• Review most of the 19 statistics applications the tool can solve.
• Focus on three applications; descriptive statistics, histograms and correlations.
• Create mathematical formulas on data, using simple charts.   
• Use Excel tool for effortless forecasting.

Who Will Benefit:

Excel users that would like to acquire statistical tools for daily use and decision making. This workshop was taught by the presenter in the executive MBA programs, where the attendees did not have a statistical background.