Week%202-ITM311-ACC3810 - CollegeofBusiness Information...

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Name College of Business Information Systems Management / Accounting Information Systems Lab - Statistical Tools and Analyzing Data Samantha Kleitsch / Lise Urbaczewski
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Business: Cost-Benefit Analysis (example: Manufacturing) What does “Cost-Benefit Analysis” mean? What might affect costs? How does one measure benefit? tangible? intangible? Need solid data – accurate and organized How do we compare data? Assignment 2: Cost-Benefit Analysis Property of L. Urbaczewski / S. Kleitsch
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FOCUS Today: 1. Statistics and Probabilities (what comes to mind) 2. Precision needed 3. Calculating basic statistics 4. Split windows/Freeze panes (rather than scrolling!) 5. Relational Operators 6. Goal Seek: What-if analyses 7. Data Simulation: options Property of L. Urbaczewski / S. Kleitsch
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Normal Distribution Property of L. Urbaczewski / S. Kleitsch
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- Grouping on common attributes / categorizing - E.g. freshman, sophomore, … - Male, female - Blonde, brunette, … - Outliers are also though very important -- could be more important!! Property of L. Urbaczewski / S. Kleitsch
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Week%202-ITM311-ACC3810 - CollegeofBusiness Information...

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