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# Excel and word - Assignment Example

Summary
Excel and word Data analysis is significant to managerial decisions as it offers bases for informed decisions. This paper applies excel spreadsheet to analyze hypothetical data and offers discusses advantages and disadvantages of spreadsheets in data analysis…

## Extract of sample"Excel and word"

Download file to see previous pages 4: Frequency distribution for labour hours Bin Frequency 0-1000 0 1001-1100 5 1101-1200 1 1201-1300 2 1301-1400 4 1401-1500 3 1501-1600 6 1601-1700 2 1701-1800 1 1801-1900 0 More 0 Graph 1: Histogram for labour hours The frequency distribution table and the histogram confirms dispersion of observed values on the variables and the slight skewedness. Section B Graphical representation of variables is one of the strategies for identifying their correlation. The following graph shows consistency in changes among all the variables across the considered months. Graph 2: Comparative graph of the variables across the considered months The observed consistency in the variables’ trend suggests possible association among them. A more clear causal effect relationship can be observed from correletion coefficientthat is shown in the following table. Table 5: Correletion coefficients   Overhead costs Direct labour hours Machine hours No. Of set ups Overhead costs 1 Direct labour hours 0.703705 1 Machine hours 0.74701 0.680397 1 No. Of set ups 0.555748 0.321948 0.333965 1 The table identifies the strongest association between overhead costs and direct labor hours and machine hours because of the highest coefficient, 0.74701, as compared to coefficients for the other overhead cost drivers. Analysis of variance however offers the most accurate causal effects relationship and the tables bellow shows the regression analysis results. Table 6: ANOVA table for multiple regression analysis ANOVA   df SS MS F Significance F Regression 3 5284.197 1761.399 16.63454 1.17E-05 Residual 20 2117.761 105.8881 Total 23 7401.958       The low significance value, 1.17E-05 that is lower than 0.05, means that the null hypothesis is rejected to the effect that the cost drivers have significant...
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