In the world of statistics and data analysis, understanding different probability distributions is crucial. One of these distributions, the binomial distribution, plays a significant role in modeling various real-life scenarios, particularly in business settings. In this blog, we will delve into the binomial distribution formula and create charts to visualize its behavior. We will use Excel to perform these calculations, making it accessible to everyone, regardless of their mathematical background.
Posts in the Bob Steele CPA category:
Correlation Large Data Sets Focus of Z Score Relationship Part 1 1750 Statistics & Excel
Welcome to part one of our journey into the world of statistics, Excel, and the fascinating realm of correlation analysis. In this blog post, we’re going to dive into the essential concepts of correlation, z-scores, and how they relate to large datasets. So, take a deep breath, hold it for 10 seconds, and let’s embark on this enlightening Excel adventure.
Bell Curve Batting Average Comparison 1638 Statistics & Excel
In this blog, we will dive into the world of statistics and Excel to compare batting averages in baseball. We will use Excel to collect data from an online resource, analyze it, and create bell curve distributions to understand the distribution of batting averages. Our goal is to compare two different years, 1920 and 2022, and see if the batting averages conform to a bell curve distribution.
Normal Distribution – Hight’s of Baseball Players Data Part 2 1622 Statistics & Excel
Are you ready to dive into the world of statistics, Excel, and the heights of baseball players? In this blog post, we’ll take you through a step-by-step journey as we explore the heights of baseball players’ data and create insightful graphs using Microsoft Excel.
Sales Journal Inventory Excel Practice Problem 60
In this presentation, we will discuss the process of recording transactions in a sales journal. We will use the information related to sales to demonstrate this process, particularly focusing on transactions involving both accounts receivable, sales, and cost of goods sold, which typically occurs when selling inventory items. This is in contrast to businesses that don’t deal with inventory, such as service companies, which would have a simpler sales journal with only accounts receivable and sales entries.
Special Journals Subsidiary Ledgers
In this presentation, we’re going to discuss special journals and subsidiary ledgers, both of which play crucial roles in accounting systems. These tools are particularly useful when dealing with manual accounting systems, as they streamline data input and make financial reporting more efficient. However, they also offer valuable insights for understanding and customizing automated systems.
20 700.20 Accounts Receivable Subsidiary Ledger 700 Part 2-Accounting Instruction
In this blog post, we will discuss the process of posting journal entries to various accounts in the accounting system. Specifically, we will focus on transactions involving accounts receivable, revenue, and cash.
Average Deviation, Standard Deviation & Variance for Population with Salary Data 1443
In the world of data analysis and statistics, the understanding of key concepts such as average deviation, standard deviation, and variance is crucial. These metrics provide insights into the dispersion and distribution of data. In this blog, we will delve into these statistical concepts using Excel, focusing on a population of salary data as an example.
Histogram Examples Statistics & Excel 1070
Data is all around us, and extracting meaningful insights from it can be a challenging task. One powerful tool in the data analyst’s arsenal is the histogram. Histograms allow us to visualize data and gain a better understanding of its distribution. In this blog, we will explore the concept of histograms and their applications in various domains. We will also provide practical examples of creating histograms using Microsoft Excel.
30 Purchases Journal Service Company
In this blog post, we will dive into the concept of the Purchases Journal and its significance for service companies. The Purchases Journal plays a crucial role in accounting for businesses that regularly make purchases on account, which typically results in accounts payable transactions. We will explore the purpose of this journal, its applications in both manual and automated accounting systems, and the process of recording transactions and maintaining the accounts payable subsidiary ledger.