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seven - dssbooks.com
147sevenStatistical Analysiswith in 2/22/07 11:37 AM Page chapter illustrates the tools available in Excel for performing statistical analysis. These toolsinclude some new functions, the Data Analysis Toolpack, and some new chart features. Thischapter is not intended to teach the statistical concepts which can be used in Excel s analysis, butrather demonstrate to the reader that several tools are available in Excel to perform these statis-tical functions. Statistical analysis is used often in DSS applications for analyzing input and dis-playing conclusive output. These tools will be used especially in applications involvingsimulation. Some examples of such DSS applications include the Birthday Simulation and PokerSimulation cases in Part III of the text. Other applications which rely on statistical analysis arethe Queuing cases and the Reliability Analysis case.
147 seven Statistical Analysis with Excel chapter OVERVIEW 7.1 Introduction 7.2 Understanding Data 7.3 Relationships in Data 7.4 Distributions 7.5 Summary 7.6 Exercises CHAPTER ch07_4769 2/22/07 11:37 AM Page 147
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