![]() ![]() The Solver is the data analysis tool that is used for solving problems. It works just as a goal seeks within excel. In the below example, we have the list of product units, total cost, unit price, and the total profit. The unit of the sold material is 7550 that has a selling price of 10/unit. The total profit is 23,000 whereas the total cost is around 52,500.īeing an owner of the business, I like to increase my profit to 30,000 using the unit prices. This is the case where the Solver will help me to estimate the times value and solve this issue. To use the Solver, follow the below-mentioned steps sequentially. Open the Solver that is given under the DATA tab.Confirm B7 as the objective cell that has the value of 30,000.With the help of shifting the cell value to B2. You find that there is a result window that opens on the screen.This signifies that the SOLVER has solved your problem. Therefore, to get a profit of 30,000, you need to increase the selling price by 1/unit. ![]() ![]() This means that you need to sell the product at the value of 11/unit rather than 10/unit. This is how you can use a data analysis tool in excel. You can find the Data Analysis option that is given under the Data tab option.Įxample 2: T-test AnalysisĪ t-test is used for testing the probability value.Ĭheck the below-mentioned example to understand the working of the t-test data analysis tool in excel.A new dialogue box will open when you select the data analysis option.Once you reach the options, you will find the different t-test options and select the Paired two-sample option. QUICK ANALYSIS TOOL IN EXCEL FOR MAC INSTALL.QUICK ANALYSIS TOOL IN EXCEL FOR MAC MAC OS.QUICK ANALYSIS TOOL IN EXCEL FOR MAC FOR MAC.QUICK ANALYSIS TOOL IN EXCEL FOR MAC HOW TO.QUICK ANALYSIS TOOL IN EXCEL FOR MAC FOR FREE. ![]()
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