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Instructions
Analyzing Used Car Sales Data with Pivot Tables and Pivot Charts
The instructor in the tutorial video presented the following by using used car sales data:
Introduction to Pivot Tables: Explained what Pivot Tables are and why they are useful for summarizing and analyzing large datasets in Excel.
Creating a Pivot Table: Demonstrated how to create a Pivot Table by selecting the used car sales data range and inserting a Pivot Table from the “Insert” tab in Excel.
Setting Up a Pivot Table: Walked through the process of setting up a Pivot Table by dragging and dropping fields into different areas—such as Rows, Columns, Values, and Filters—to organize and summarize data.
Customizing a Pivot Table: Showed how to customize the Pivot Table by sorting, filtering, and grouping data, as well as changing the summary functions (e.g., sum, average, count).
Using Pivot Charts: Explained how to create Pivot Charts for a visual representation of Pivot Table data, helping to further analyze and present findings.
Best Practices: Offered tips and best practices for effectively using Pivot Tables, including keeping data well-organized and understanding the relationships between different fields.
For this homework assignment, using the provided used car sales data in the Excel spreadsheet, your task is to create a comprehensive analysis that demonstrates the average profit margin of different cars, segmented by brand, model, and color. You will use Pivot Tables and Pivot Charts to visualize this data effectively.
Instructions:
Open the Provided Data File:
Access the Excel spreadsheet provided for this lesson.
Create Pivot Tables:
By Brand:
Create a Pivot Table that shows the average profit margin for each car brand.
By Model:
Create a separate Pivot Table that displays the average profit margin for each car model.
By Color:
Create another Pivot Table that illustrates the average profit margin for each car color.
Insert Pivot Charts:
Brand:
For the Pivot Table showing average profit margins by brand, insert a Pivot Chart to visualize the data.
Model:
For the Pivot Table showing average profit margins by model, insert a different Pivot Chart for clear visualization.
Color:
For the Pivot Table showing average profit margins by color, insert a Pivot Chart to represent the data visually.
Format Your Pivot Tables and Charts:
Ensure each Pivot Table is well-organized and easy to read.
Format each Pivot Chart for clarity, including appropriate chart titles, labels, and any other necessary elements.
Save Your Work:
Save your Excel workbook with the completed Pivot Tables and Pivot Charts.
Submit Your Assignment:
Submit the saved Excel file to BrightSpace by the deadline for credit.
Deliverables:
Three Pivot Tables: Average profit margins by Brand, Model, and Color.
Three Pivot Charts: Visualizations corresponding to the Pivot Tables (one for each criterion).
Due Date: Friday midnight, August 2, 2024
Additional Notes:
Make sure your Pivot Tables and Charts are clearly labeled.
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