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Advance Spreadsheet

This document provides instructions for using Microsoft Excel to analyze survey data about a hypothetical milk tea product. It includes steps to calculate ingredient costs, determine if the estimated sale price would be profitable, develop survey questions, collect sample data, and perform analyses like averages and counts. Formulas demonstrated include SUM, subtraction, AVERAGE, COUNTIF, and AVERAGEIF to summarize ratings, counts of yes/no responses, and averages for student and teacher groups. The purpose is to help evaluate if the product has potential success based on how the target market perceives it.

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Anna Rowena
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178 views20 pages

Advance Spreadsheet

This document provides instructions for using Microsoft Excel to analyze survey data about a hypothetical milk tea product. It includes steps to calculate ingredient costs, determine if the estimated sale price would be profitable, develop survey questions, collect sample data, and perform analyses like averages and counts. Formulas demonstrated include SUM, subtraction, AVERAGE, COUNTIF, and AVERAGEIF to summarize ratings, counts of yes/no responses, and averages for student and teacher groups. The purpose is to help evaluate if the product has potential success based on how the target market perceives it.

Uploaded by

Anna Rowena
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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Brainstorming Time!

LESSON 4
Advance
Spreadsheet Skills
ADVANCED AND
COMPLEX
FORMULAS AND
COMPUTATIONS
• Whether you work in the field of accounting
or not, the truth is whatever you do should
be accounted for. This is because the
resources you use cost you expenses
whether you become a scientist, an engineer,
a yoga instructor, a bartender, or an airline
pilot, it is important to understand how a
company spends to be able to deliver a
product or service. These factors could
easily computed using spreadsheet programs
like Microsoft Excel or Google Sheets.
Estimating the product cost using
Microsoft Excel
Let us assume that we are going to sell milk tea with
the following information:
We will use the Microsoft Excel to find out if our
estimated sale price is reasonable considering the actual
price of the Ingredients.
1. Copy the information below:
2. Use SUM formula to get the summation of the values
from C4 to C7. The sum formula is =SUM(C4:C7). Type
this in cell 8 as shown below.
3. Check if your estimated prize will earn us profit.
Type the additional information shown below then
apply the arithmetic formula for subtraction:
4. The result is PHP 2.20. Our estimated price is not
profitable. Let us make an adjustment. Include the
information below and deduct the Total from the New
Sale Price:
5. The result is PHP 7.80. This is definitely profitable at
this price. However, this does not guarantee our
product’s success.

6. Save your file as L4 Cost of Ingredients.xlsx.

• Remember to search on the ingredient’s price


and if applicable, divide the quantity of a
certain ingredient so that its cost will cover
one serving. For instance, a 300 ml condensed
milk will cover about three servings of milk
tea, so you have to divide it’s prize by three.
Analyzing Data using Microsoft
Excel
• It is now time for us to collect data from our
target market. In reality, researchers would
also come up with survey questions before
they release the product.
• The data gathered would help them to
determine if the product has any chance od
succeeding in target market.
• For your group’s product, come with several
questions that will help you to determine
how your sample from your target market
would perceive your product.
• Add more questions
fitting for your product,
replace the “taste” rate
with durability or
function rate.
• Before the actual product
testing, your group has to
produce your sample
product for 15-20 people.
• Start your product testing
in your school by letting
the students, teachers and
personnel taste/test your
product. Afterward gather
data and place them to
Microsoft Excel.
Raw Survey Results of Starbuko Milk Tea Survey
Tip: to change the orientation of a text, press Ctrl+1. To
open the Format Cells dialog box > Alignment tab>
under Orientation, specify the degrees you want.
• Assume that we have a huge sample of data and we need
to apply several formulas to be able to easily analyze the
result of this survey.
• Lets start by simple average formula to determine the
average rating of Quality, Taste, Presentation and
Product.

The syntax would be = AVERAGE(cell involved).


Example:
Using the raw survey result, determine the average for
quality:
=AVERAGE(F5:19)
• To determine the average for all your criteria and place
them at the bottom of your survey results is similar to
this:
• Next determine of how many people said YES or NO,
if they are satisfied with the product or if they would
recommend it to their friend. We will use the
COUNTIF function.
• Using the =COUNT function will allow us to count the
number of cells that contains something. However, we
just need to count the one that have YES or NO in
them.
COUNTIF Function Syntax:
=COUNTIF(range,criteria)
Range – the cells where the counting will take place
Criteria – the label or value that determines if it is to be
counted.
Example:
Using the Raw Survey Result, the formula of getting
the number of YES for the criteria is;
=COUNTIF(J5:J19,”YES”)
AVERAGEIF
• Using the AVERAGEIF function, we can average
a range if the cell beside it equals to “teacher”
and/or “students”

AVERAGEIF uses the following syntax:


=AVERAGEIF(range, criteria, average range)
Range – the range of cells where you want to look
for the criteria.
Criteria – a value or label that determines if a cell is
part of the range to be averaged
Average Range (optional) – the actual range of
cells that will averaged, if omitted, the range will
be used instead.
Example:
Using Raw Data:

Result:
Thank you and God bless! 

“If you believe, you will


receive whatever you
ask for in prayer.”
-Matthew 21:22

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