Interpreting Data Using MS Excel
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Describe ways in which the use of MS Excel as a tool for interpreting data can be used by a manager of an organization.
What potential legal and ethical issues could arise if the information gained in this survey was used to create an ideal profile of characteristics that the company looked for when hiring employees?
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Solution Summary
This solution of 498 words explains the utility of MS Excel and how it is an important tool for interpreting data using various features. It also discusses the legal and ethical issues using a survey to hire employees.
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Excel is a very powerful tool - and I use it every single day in my work place to interpret data. I could use it to calculate means, frequencies, standard deviations... all of these are necessary to conduct statistical testing. I could conduct regression analysis which will help my firm build forecasting models. There are also may more statistical functions that could be conducted using Excel - if a person does not have access to a more powerful program (like SPSS) than Excel could easily take its place.
Excel also helps me format my data in a clear and efficient way. If you are given a spread sheet, you could then clean it up in Excel and make the document look the way that you want it to ...
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