MANAGERIAL COMPUTING

MODELLING
WITH

MICROSOFT EXCEL
SESSION 1

MODELLING
Mathematical Modeling
Mathematical Modeling - No precise definition
Some connection with real life situation as contrasted
with Pure maths

MATHEMATICAL MODELLING
REAL WORLD
REAL WORLD
PROBLEMS

MATHEMATICAL WORLD
MATHEMATICAL
PROBLEM

MAKE
ASSUMPTIONS

FORMULATE
EQUATIONS

REAL WORLD
SOLUTIONS

INTERPRET
SOLUTIONS

SOLVE
EQUATIONS

MATHEMATICAL MODELLING
Eg. You have forgotten to bring laptop to
class and have arrived 5 minutes before the
class starts
Time = Distance / Speed

TITLE BAR
MENU BAR
TOOL BAR

FORMULA BAR

ACTIVE CELL

Basics
View Menu
Checkboxes Gridlines, Formula
Bar, Headings
Full Screen, Esc
Zoom, Zoom to Selection

Worksheet
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RENAMING WORKSHEET
Right Click on the Worksheet Name
Choose Rename
Give new name
Else double click on Worksheet Name &
give new name

WHATS NEW IN EXCEL 2010

CUSTOMIZABLE RIBBON
File, Options, Customize Ribbon
(or)
Right click anywhere on Ribbon(Menu Bar), Customize
Ribbon

Eg. Click say Developer tab

Ok
Tab & Group
New Tab, New Group
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WHATS NEW IN EXCEL 2010

QUICK ACCESS
functions)

TOOLBAR

(for frequently

File, Options, Quick Access Toolbar

(or)
Right click anywhere on Quick Access Toolbar,
Customize Quick Access Toolbar
Add/Remove Commands

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used

WHATS NEW IN EXCEL 2010

ADD INS
File
Options
Add Ins
Manage Excel Add-Ins, Go
Analysis ToolPak

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FUNCTIONS

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FUNCTIONS
Functions are predefined formulas for
mathematical operations
They perform calculations by using specific
values, called Arguments
Arguments indicate data/range of cells
Eg. SUM function adds values/ranges of cells

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Functions
SYNTAX:
1. Function name,
2. Followed by an opening parenthesis
3. Then arguments for the function, separated by
commas (arguments are Numbers/Text,
arrays/Cell references/Constants/Formulas/or
other functions)
4. Followed by a closing parenthesis
= FUNCTION (Argument1,Argument2)
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INSERT FUNCTION - STATISTICAL OPERATIONS

FORMULA TAB
INSERT FUNCTION

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Statistical Function Category

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Easy to Use Functions

MEASURES OF CENTRAL TENDENCY:

AVERAGE (MEAN)
MEDIAN
MODE

MEASURES OF DISPERSION:
STANDARD DEVIATION
GENERAL:
SUM
COUNT

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1. SUM Function
Sales Calls Example
2_Sales Calls.xlsx
Sum of all sales cold calls made by 9 different employees?
The data appears in cells C2 through 10,
C2:C10 (Data Array)

X SUM (C 2 : C10)

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Data Array
C2:C10 is sometimes written with dollars
signs, $C$2:$C$10, difference is,
C2:C10 Will change accordingly if formula
is pulled & expanded over a row/column
(Relative Cell Referencing)
$C$2:$C$10 Will remain static even if
formula is pulled & expanded over a
row/column (Absolute Cell Referencing)

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2. AVERAGE (Mean) Function

Sales Calls Example
2_Sales Calls.xlsx
Average(Mean) No. of Sales cold calls made per employee?

Xi
X
AVERAGE (C 2 : C10)
n

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AVERAGE Function
Located in Statistical Category
Formulas
Insert Function

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3. Standard Deviation
(Measure of Central Tendency)
Sales Calls Example
(2_Sales Calls.xlsx)

sx

2
x x
n 1

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3. Standard Deviation
=STDEV.P(C2:C10) (Standard Deviation
of entire population)
=STDEVA(C2:C10) (Standard Deviation
Estimate based on sample from entire
population)

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4. SUMPRODUCT
Returns sum of products of corresponding
ranges/arrays.
Sales Calls Example (2_Sales Calls.xlsx)
Steps:
1. In A23, type Total Sales
2. In B23, = SUMPRODUCT(C2:C10,C13:C21)

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5. Median: The median of a sample is middle

observation dividing lower half from upper half
when data is listed from smallest to largest.
6. Mode(rarely used): Most frequently occurring
value in the sample. If no value occurs more than
once, the mode does not exist. Previous versions of
Excel use MODE function. Same as
MODE.SNGL in current version. If data set has
more than one mode, MODE/MODE.SNGL function
returns the first mode it finds.
1_Central Tendency.xlsx

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BASIC ARITHMETIC
5_Basic Arithmetic.xlsx
SUBTRACTION FORMULA
To subtract cells, use the - sign.
DIVISION FORMULA
To divide cells, use the / sign.
MULTIPLICATION FORMULA
To multiply cells, use the * sign.

EXPONENTIATION FORMULA
For exponentiation, use the ^ sign
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