excel master series-chi square-independence-test-in-excel

10
How To Find Out What Makes Your Customers Buy More Using the Chi-Square Independence Test in Excel http:// blog.excelmasterseries.co m /

Upload: stone55

Post on 21-Jan-2015

2.165 views

Category:

Education


0 download

DESCRIPTION

excel master series-Chi square-independence-test-in-excel

TRANSCRIPT

Page 1: excel master series-Chi square-independence-test-in-excel

How To Find Out What Makes Your Customers Buy More Using

the Chi-Square Independence Test in Excel

http://blog.excelmasterseries.com/

Page 2: excel master series-Chi square-independence-test-in-excel

What Is the Chi-Square Independence Test?

● The Chi-Square Independence Test Determines Whether Two Attributes of One Object Are Related (Not Independent) ● We Will Use the Chi-Square Independence Test Here To Find Out If Order Size Is Related To the Time a Customer Spends On a Commercial Web Site

http://blog.excelmasterseries.com/

Page 3: excel master series-Chi square-independence-test-in-excel

The 3 Steps In the Chi-Square Independence Test in Excel

1) Arrange the Sample Data In a Contingency Table 2) Calculate the Chi-Square Statistic for the Sampled Data 3) Compare the Calculated Chi-Square Statistic With the Critical Chi-Square Statistic http://blog.excelmasterseries.com/

Page 4: excel master series-Chi square-independence-test-in-excel

1) Arrange the Sample Data In a Contingency Table as Shown

http://blog.excelmasterseries.com/

Page 5: excel master series-Chi square-independence-test-in-excel

Calculate How Many Would Be Expected To Be In Each Group

http://blog.excelmasterseries.com/

Page 6: excel master series-Chi square-independence-test-in-excel

Comparing Expected With Actual

Page 7: excel master series-Chi square-independence-test-in-excel

2) Calculate the Chi-Square Statistic for the Sample Data

http://blog.excelmasterseries.com/

Page 8: excel master series-Chi square-independence-test-in-excel

Calculate the Critical Chi-Square Statistic

http://blog.excelmasterseries.com/

Page 9: excel master series-Chi square-independence-test-in-excel

3) Compare the Calculated Chi-Square Statistic With the Critical Chi-Square Statistic

If the Calculated Chi-Square Statistic is Greater than the Critical Chi-Square Statistic, We Can Say With the Required Certainty (In This Case, 99% Certainty) That The 2 Attributes (Order Size and Time On Site) Are Related

http://blog.excelmasterseries.com/

Page 10: excel master series-Chi square-independence-test-in-excel