Statistical Analysis with Excel For Dummies. Joseph Schmuller

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Snapshot of the Create Sparklines dialog box.

      FIGURE 3-17: The Create Sparklines dialog box.

Snapshot of Line sparklines and column sparklines for the data in Table 3-1.

      FIGURE 3-18: Line sparklines and column sparklines for the data in Table 3-1.

Snapshot of Sparklines in a Word document.

      FIGURE 3-19: Sparklines in a Word document.

Snapshot of Win/Loss sparklines for the 2020’2021 NBA Atlantic Division, featuring the magnificent Brooklyn Nets.

      FIGURE 3-20: Win/Loss sparklines for the 2020–2021 NBA Atlantic Division, featuring the magnificent Brooklyn Nets.

      The magnificent Brooklyn Nets, you’ll note, was one of only two teams in the Division to have a winning record in each of the five months. (Yes, I know they went on to lose in the semifinals to the ultimate NBA champs. Don’t go there. Seriously.)

      

To delete a sparkline, skip the usual method. Instead, right-click it and choose Sparklines from the pop-up menu. You see a choice that allows you to clear the sparkline.

      Excel's bar chart is a column chart laid on its side. This is the one that reverses the horizontal-vertical convention. Here, the vertical axis holds the independent variable, and it's referred to as the x-axis. The horizontal axis is the y-axis, and it tracks the dependent variable.

      When would you use a bar chart? This type of chart fits the bill when you want to make a point about reaching a goal, or about the inequities in attaining one.

Household Income Percent
Less than $25,000 48.4
$25,000 to $49,999 69.0
$50,000 to $99,999 84.9
$100,000 to $149,999 92.7
$150,000 and more 94.9

      Data from U.S. Census Bureau

Snapshot of a bar chart of the data in Table 3-2.

      FIGURE 3-21: A bar chart of the data in Table 3-2.

      To create this graph, follow these steps:

      1 Enter your data into a worksheet.Figure 3-22 shows the data entered into a worksheet.

      2 Select the data that go into the chart.For this example, the data are cells A1 through B8.

      3 Choose Insert | Recommended Charts from the main menu and then choose the chart you like from the list on the left side of the screen.I selected the first option: Clustered Bar. Figure 3-23 shows the result.

      4 Modify the chart.The first modification is to change the chart title. One way to do this is to click the current title and type the new title. Next, I add the axis titles. To do this, I click the Chart Elements button, that button labeled with a plus sign (+). Selecting the Axis Labels check box on the menu that appears adds generic axis titles, which I then change. Finally, I bold the font on the axis titles as well as the axis numbers. The easiest way to do that is to select an element and press Ctrl+B.

Snapshot of Table 3-2 data in a worksheet.

      FIGURE 3-22: Table 3-2 data in a worksheet.

Snapshot of the initial Excel bar chart.

      You use an important statistical technique called linear regression to determine the relationship between one variable, x, and another variable, y. For more information on linear regression, see Chapter 14.

      The basis of the technique is a graph that shows individuals measured on both x and y. The graph represents each individual as a point. Because the points seem to scatter around the graph, the graph is called a scatterplot.

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