Friday, May 22, 2020

Advanced Excel for MBA's - Calculating the Mean using Excel


Calculating mean of the datasets using Excel.

Problem1 :
Calculate the mean sales of Prasad industries's sales executive for the month MAY 2020.


Company : Prasad Industries.
Sales for May 2020(in '000s)
Sales Executive 172
Sales executive 235
Sales Executive 345
Sales Executive 452
Sales Executive 561
Sales Executive 663
Sales Executive 748
Sales Executive 859
Sales Executive 971
Sales Executive 1074

Answer
 Step 1: Click on formula
 Step 2: Insert functions
Step 3:
Step 4: Click on Average
Step 5; 
Select the sales executive 1 to 10 sales data
Step 6; The answer 58 will appear on the window.

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