Update: Check out the results at Budget vs. Actual Charts
Here is your chance to get a copy of The Visual Display of Quantitative Information
Reader Sumit writes in to ask,
I am working on creating a visualization for data attached in the excel file (see below). Since I was not sure as to what would be the best way in which this data can be presented, I thought I will ask for your assistance.
Would it be possible for you to play around with the data and share your ideas as to the best possible way to represent this data graphically.
Download the data in a CSV file
Even though I have few ideas on visualizing budget vs. actual performance, I thought this is a great way for You, my dear reader, to share your ideas.
So what are you waiting for? Go ahead and tell us how you will visualize this data. The best visualization maker will get eternal glory and a copy of The Visual Display of Quantitative Information
Go!
For inspiration and ideas visit: Stacked Bar chart techniques, 14 ways to visualize last year vs. this year performance
Fine print:
Upload your visualizations (preferably images) to a public image hosting service like flickr or photobucket and share the URL here. Alternatively you can e-mail me your visualizations at chandoo.d @ gmail.com, but this takes some time.
Visualizations should be made in Excel or Google docs spreadsheets Only.
Each of you can submit as many alternatives as you can, but only one person gets the prize.
For logistical reasons, the book will be delivered to countries where Amazon operates, but if the winner is from other countries, we will work out something, so don’t be discouraged.
The contest is open until March 26, 2009. So hurry!
12 Responses to “29 Excel Formula Tips for all Occasions [and proof that PHD readers truly rock]”
Some great contributions here.
Gotta love the Friday 13th formula 😀
Great tips from you all! Thanks a lot for sharing! bsamson, particularly you helped me on a terribly annoying task. 🙂
(BTW, Chandoo, it's not exactly "Find if a range is normally distributed" what my suggestion does. It checks if two proportions are statistically different. I probably gave you a bad explanation on twitter, but it'd be probably better if you fix it here... 🙂 )
Great compilation Chandoo
For the "Clean your text before you lookup"
=VLOOKUP(CLEAN(TRIM(E20)),F5:G18,2,0)
I would like to share a method to convert a number-stored-as-text before you lookup:
=VLOOKUP(E20+0,F5:G18,2,0)
@Peder, yeah, I loved that formula
@Aires: Sorry, I misunderstood your formula. Corrected the heading now.
@John.. that is a cool tip.
Hey Chandoo,
That p-value formula is really great for a statistics person like me.
What a p-value essentially is, is the probability that the results obtained from a statistical test aren't valid. So for example, if my p value is .05, there's a 5% probability that my results are wrong.
You can play with this if you install the Data Analysis Toolpak (which will perform some statistical tests for you AND provide the P Value.)
Let's say for example I've got two weeks of data (separated into columns) with the number of hours worked per day. I want to find out if the total number of hours I worked in week two were really all the different than week one.
Week1 Week2
10 11
12 9
9 10
7 8
5 8
Go to Data > Data Analysis > T-Test Assuming Unequal Variances > OK
In the Variable 1 Box, select the range of data for week 1.
In the Variable 2 Box, select the range of data for week 2.
Check "Labels"
In the Alpha box, select a value (in percentage terms) for how tolerant you are of error.
.05 is the general standard; that is to say I am willing to accept a 95% level of confidence that my result is accuarate.
Select a range output.
Excel calculates a number of results: Average (mean) for each week's data, etc.
You'll notice however that there are two P Values; one-tail and two-tail. (one tail tests are for > or .05), the number of hours I worked in week two is statistically equivalent to the number of hours I worked in week one.
So here’s a way you might want to use this. You put up a new entry on your blog. You think it’s the best entry ever! So you pull your webstats for this week and compare it to last week. You gather data for each week on the length of time a visitor spends on your website. The question you’re trying to prove statistically is whether there’s an average increase in the amount of time spent on your website this week as compared to last week (as a result of your fancy new blog post). You can run the same statistical test I illustrated above to find out. Incidentally, it matters very little to the stat test whether the quantity of visitors differs or not.
Anyhow, the Data Analysis toolpack doesn't perform a lot of stat tests that folks like me would like to have access to. In those cases I have to either use different software, or write some very complicated mathematical formulas. Having this p-value formula makes my life a LOT easier!
Thanks!
Eric~
Fantastic stuf..One line explanation is cool.
Thanks to all the contributors
OS
Take FirstName, MI, LastName in access (you can fix it to work in excel) capitalize first letter of each and lowercase the rest and add ". " if MI exists then same for last name:
Full Name: Format(Left([FirstName],1),">") & Format(Right([FirstName]),Len([FirstName])-1),"") & ". ","") & Format(Left([LastName],1),">") & Format(Right([LastName],Len([LastName])-1),"<")
I teach excel, access, etc etc for a living and i have my access students build this formula one step at a time from the inside out to show how formulas can be made even if it looks complicated. Yes I know I could just do IsNull([MI]) and reverse the order in the Iif() function but the point here is to nest as many functions as possible one by one (also I illustrate how it will fail without the Not() as it is)
Extract the month from a date
The easiest formula for this is =MONTH(a1)
It will return a 1 for January, 2 for February etc.
if in a column we write the value of total person for eg. 10 if we spent 1.33 paise each person then how we get total amount in next column and the result will in round form plzzzzz solve my problem sir................... thank u
@Anjali
If the value 10 is in B2 and 1.33 paise is in C2 the formula in D2 could be =B2*C2
If the values are a column of values you can copy the formula down by copy/paste or drag the small black handle at the bottom right corner of cell D2
kindly share with me new forumulas.
How to convert a figure like 870.70 into 870 but 871.70 into 880 using excel formula ? Please help.