Question

In: Statistics and Probability

The following is an Excel question: You have been hired by Club 2010 to design and...

The following is an Excel question:

You have been hired by Club 2010 to design and implement a worksheet for the "greeter"
at the door to use to determine whether people are old enough to enter. Create a model
that allows the user to enter his/her birth date. The model should compute the user’s age
and in another cell, it should appear either "Welcome" if the person is at least 21 years
old as of today, or "Sorry, you are underage" otherwise. Create at least 2 test cases to
obtain different results.

Show ALL FORMULAS used in getting the answer.

Solutions

Expert Solution

1. Name 3 rows and 1 column like the following

2. Select the cell under "DD-MM-YYYY" and write a random date in dd-mm-yyyy format only, (because excel only accept this format as a date value)

3. select the cell beside "Age" to calculate the age (for the entered date before ). put "=" and then write "IN", a drop-down menu will pop up .From that select "INT" function. Within its braces type "Days", again a drop-down menu will pop up and from that select the "Days360" function. Within this function, for 'start date' select the cell where you have entered the date (under DD-MM-YYYY). For 'end-date', start typing 'Today' ,a drop-down menu will pop up showing a "Today " function, select that. Today is an empty function that calculates the present date, so you do not need to enter any value within its braces.Just simply close the braces and go forward for the next step . for "method" write "TRUE" (in all capital) and close the braces of the function "Days360". Then put "/" and write 360 and close the braces of INT function. Then by pressing enter, it will give you the number of Years from the given date to the present date. As the given date is a birth date, so it shows the age of the person having that birth date.

Actually the function Days 360 is calculating the number of days from that given date to present date.By diving it with 360 (because the function considers a year is consisting of 360 days) we get the number of years between the given date and the present date ,i.e the age of a person if the given date is that person's birth date. But diving a number by 360 can give a decimal value too,but Age can not be like that at all. Usually we consider age as integers ,in years ,that is why we calculated that division (Days360(...)/360) within "INT" function because it will give us the approximated integer value.

4. Select the cell beside "statement" . Put "=" and write "IF", select the "IF" function from the drop-down menu.Within that,for 'logical test' select the cell having the age value,put '<', write 21.For 'value if true' write within double quotation "Sorry, you are under age" and for 'value if false' write welcome within double quotes. Press Enter.

the link of the excel file is given:

https://drive.google.com/file/d/1QH4dsumWUuedEd9WDAUAH7GWaNAGEPEF/view?usp=sharing


Related Solutions

question 2 - please show your work in excel or paper. You have been hired by...
question 2 - please show your work in excel or paper. You have been hired by the CFO of Lugones Industries to help estimate its cost of common equity. You have obtained the following data: (1) rd = yield on the firm’s bonds = 7.00% and the risk premium over its own debt cost = 4.00%. (2) rRF = 5.00%, Market Risk Premium = 6.00%, and β = 1.25. (3) D1 = $1.20, P0 = $35.00, and g = 8.00%...
Experimental Study Design Suppose that you have been hired by the university administration to design a...
Experimental Study Design Suppose that you have been hired by the university administration to design a randomized experimental study to assess the following hypothesis among undergraduate students: Attending weekly yoga classes leads to better performance on exams. Be sure that your study design addresses the following elements: Refine the study hypothesis so that it is as specific as possible and contains all elements of a “good” hypothesis. Remember that the design, conduct, and analysis of the study flows from the...
You have been hired as consultants to design and implement a widespread security initiative for a...
You have been hired as consultants to design and implement a widespread security initiative for a rapidly expanding global eCommerce corporation with two websites and locations in New York, Chicago, San Francisco, London, Paris and Johannesburg. Business is good! In the next three months, the corporation will be acquiring another company in a different line of business with plans to offer products for sale online. Part of your role is to recommend the best way for integrating both environments. However,...
You have been hired by a research institution to design a study to examine the effects...
You have been hired by a research institution to design a study to examine the effects of a drug (used by physicians to control expectant mothers' nausea over the course of a pregnancy) on infant hearing at birth, 6 months and one year. Briefly explain how you might do this using a cross-sectional design, noting benefits and drawbacks. Then explain what a longitudinal design is and how it would improve on your original approach. Lastly, is there another method to...
You have been hired as the financial manager to design a new Powerball jackpot. The marketing...
You have been hired as the financial manager to design a new Powerball jackpot. The marketing team, after a thorough market research, has found that offering an infinite annuity would attract a new market segment. This program is expected to attract at least 2,000,000 participants. The company is planning to sell each ticket for $2 each. The cash flow is as follows: During the first year, every 6-months, $100,000 will be given to the winner For the second year and...
Suppose that you have been hired by the UF student health services department to design a...
Suppose that you have been hired by the UF student health services department to design a cohort study to assess the following hypothesis among UF students: Irregular sleep patterns increase the risk of headaches. please note key word is "DESIGN A COHORT STUDY" not a case control study. chegg answered the same question but for case-control design. i need help for the cohort study though same questions Be sure that your design addresses the following elements: Refine the study hypothesis...
You have been hired by a home security company to design and implement a home alarm...
You have been hired by a home security company to design and implement a home alarm system. The logic of the system is as follows: once the alarm system has been armed, it is to sound if the front door is opened, the back door is opened or either of two windows is opened (you can assume there are only two windows). Design the necessary circuit to implement the situation described above. Your circuit should have five inputs (A =...
1. You have been hired to design an internet marketing strategy for a company that sells...
1. You have been hired to design an internet marketing strategy for a company that sells herbs and spice. Describe the opportunities and challenges that business will face in an online environment.
This question is also doable in Excel QUESTION 1 You have been appointed as the investment...
This question is also doable in Excel QUESTION 1 You have been appointed as the investment manager for Maximum Asset Managers. You are in the process of selecting a portfolio of assets, and have been presented with returns relating to four assets, as follows: YEAR ASSET G ASSET H ASSET I ASSET J 1 16% 10% 8% 14% 2 14% 18% 11% 12% 3 8% 16% 4% 19% 4 - 4% 13% - 5% 15% You want to create a...
Need a solution for question no.2 For this activity, you have been hired as a team...
Need a solution for question no.2 For this activity, you have been hired as a team of consultants on a multi-year basis for a global washer and dryer manufacturer. They currently offer two core washer and dryer sets: a high-end model and an economic model. You are tasked to complete several calculations and present your findings to the company stakeholders. You may use any presentation software (Google Slides, Prezi, PowerPoint, etc.) and your completed presentation should consist of 8 –...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT