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Stephen L. Nelson, CPA

Standard Deviation Calculations With Microsoft Excel

Excel provides useful statistical functions for finding the standard deviation of a data set. In general, these standard deviation functions retrieve a set of values stored in a worksheet range and then make the expected calculation. ... Read Read: Standard Deviation Calculations With Microsoft Excel

By: Stephen L. Nelson, CPA | 30/01/2008 | Small Business

Standard Normal Probability Distributions With Microsoft Excel

Traditionally, to find the standard normal probability distribution, you must convert the normal random variable x to the standard normal distribution using the z-value formula, and then find the area under the standard normal distribution ... Read Read: Standard Normal Probability Distributions With Microsoft Excel

By: Stephen L. Nelson, CPA | 30/01/2008 | Small Business

Rank and Percentile Calculations With Microsoft Excel

Excel includes six functions used for finding rank and percentile on values in a data set. LARGE Use the LARGE function to find the kth largest value in a data set. While you can use the maximum function to find the largest value ... Read Read: Rank and Percentile Calculations With Microsoft Excel

By: Stephen L. Nelson, CPA | 30/01/2008 | Small Business

Normal Probability Distribution

The normal, or Gaussian, probability distribution has a bell-shaped curve. It is characterized by its mean mu and standard deviation sigma. The mean describes the location of the curve, the standard deviation describes the shape (how ... Read Read: Normal Probability Distribution

By: Stephen L. Nelson, CPA | 25/01/2008 | Small Business

Linear Regression With Microsoft Excel

You use Excel's linear regression functions to find a linear equation that best describes a data set. Excel uses the sum of least squares method to find the straight line of best fit. People often try to predict future amounts by ... Read Read: Linear Regression With Microsoft Excel

By: Stephen L. Nelson, CPA | 25/01/2008 | Small Business

Gamma Probability Distributions With Microsoft Excel

Want to work with gamma probability distributions? But a quick explanation is order if you're not familiar with this powerful statistical concept and technique. Here's the situation: If a Poisson process produces successes at a constant ... Read Read: Gamma Probability Distributions With Microsoft Excel

By: Stephen L. Nelson, CPA | 25/01/2008 | Small Business

Fisher Transformations and Frequency Distributions With Microsoft Excel

Want to work with fisher transformations or frequency distributions? Microsoft Excel supplies some useful functions, including FISHER, FISHERINV and FREQUENCY. Fisher Transformations using the FISHER and FISHERINV Functions The ... Read Read: Fisher Transformations and Frequency Distributions With Microsoft Excel

By: Stephen L. Nelson, CPA | 15/01/2008 | Small Business

Exponential Probability Distributions With Microsoft Excel

Exponential Probability Distributions using the EXPONDIST Function To describe the time it takes to complete a task, you use the exponential probability distribution, For example, you can describe the time between arrivals of ... Read Read: Exponential Probability Distributions With Microsoft Excel

By: Stephen L. Nelson, CPA | 15/01/2008 | Small Business

Confidence Interval Calculations With Microsoft Excel

Confidence intervals often give you useful insights into data sets you're trying to better understand. A confidence interval is the interval around a sample mean into which you expect the population mean to fall a certain percentage of the ... Read Read: Confidence Interval Calculations With Microsoft Excel

By: Stephen L. Nelson, CPA | 15/01/2008 | Small Business

Five Reasons to Use a Sole Proprietorship

Getting ready to start your own business? You've got a bunch of different choices as to the entity type, including forming a corporation or a limited liability company. But don't make the mistake the over-looking the sole proprietorship ... Read Read: Five Reasons to Use a Sole Proprietorship

By: Stephen L. Nelson, CPA | 15/01/2008 | Small Business

Three Reasons to Form a Limited Liability Company

Want to limit your business liability? While many business owners choose to form a regular corporation, a limited liability company often makes more sense for three important reasons. Reason #1: Really Easy Setup Most states let ... Read Read: Three Reasons to Form a Limited Liability Company

By: Stephen L. Nelson, CPA | 15/01/2008 | Small Business

Chi-square Distributions With Microsoft Excel

The chi-square distribution is commonly used to make inferences about a population variance. If a population follows the normal distribution, you can draw a sample of size N from this distribution and form the sum of the squared ... Read Read: Chi-square Distributions With Microsoft Excel

By: Stephen L. Nelson, CPA | 14/01/2008 | Small Business

Binomial Probability Distributions With Microsoft Excel

A binomial distribution describes the outcome of a multi-step experiment, consisting of n identical trials, where each trial ends in either a success or a failure and the probability of a success p does not change from trial to trial. ... Read Read: Binomial Probability Distributions With Microsoft Excel

By: Stephen L. Nelson, CPA | 14/01/2008 | Small Business

Beta Probability Density Calculations With Microsoft Excel

Microsoft Excel supplies two useful statistical functions for making beta probability calculations, BETADIST and BETAINV. Perhaps surprisingly, neither function is difficult to use as long as understand the inputs that supply data to the ... Read Read: Beta Probability Density Calculations With Microsoft Excel

By: Stephen L. Nelson, CPA | 14/01/2008 | Small Business

Calculating Averages Using Excel Statistical Functions

Excel provides useful functions for finding the mean, median, and mode of a data set. In general, the functions look at a set of values and then make the expected calculation. For example, the mean functions, which calculate averages, take ... Read Read: Calculating Averages Using Excel Statistical Functions

By: Stephen L. Nelson, CPA | 11/01/2008 | Small Business
 

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