This project includes information on housing in the United States from 1970 to 2010.
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1 Topics Use statistical functions Use cell references Use AutoFill Write formulas Use the RANK.EQ function Background Information This project includes information on housing in the United States from 1970 to Instructions IMPORTANT: Complete the steps below in the order they are given. Completing the steps out of order may complicate the assignment or result in an incorrect result. 1. Download and extract the provided Data Files ZIP file. It contains the following file for use in this assignment: a. housing.xlsx Information on housing in the United States [1] [3]. Sheet: Homes 1970 Number Number of occupied homes in Number Number of occupied homes in Number Number of occupied homes in Number Number of occupied homes in Number Number of occupied homes in Pctg of All Housing Percentage Empty column Top 10 State Text Empty column Top 10 State Text Empty column. Page 1 of 5 Version 2.7
2 Sheet: Home Values 1970 Currency Median home value in Currency Median home value in Currency Median home value in Currency Median home value in Currency Median home value in Average Value Currency Empty column. Inflation-Adjusted Currency Empty column Rank Number Empty column Rank Class Text Empty column. Home Pricing Text Empty column. Sheet: Total Values 1970 Number Empty column Number Empty column Number Empty column Number Empty column Number Empty column. Home Pricing Text Empty column Change Text Empty column. Sparkline Sparkline Empty column. State (Region) Text Empty column. Sheet: Forecasts Region Text Region where the county is located Homes Number Number of occupied homes in Homes Number Number of occupied homes in Homes Number Number of occupied homes in Homes Number Number of occupied homes in Homes Number Number of occupied homes in Homes Number Empty column Median Home Currency Forecasted median home value in Value 2020 Total Homes Value Currency Empty column. Page 2 of 5 Version 2.7
3 Sheet: Analysis Questions Question Number Text Question being answered. Response Text Response to the analysis question prompt. 2. Open the housing.xlsx workbook in Microsoft Excel. Use statistical functions / Use cell references / Use AutoFill 3. We need to perform additional calculations to analyze the Homes sheet data. a. Using relative cell references, enter the minimum value formula into the cells as indicated below. i. C56: =MIN(C4:C54) ii. C56 through G56: AutoFill the formula from cell C56. b. Using absolute cell references, enter the maximum value formula into the cells as indicated below. i. C57: =MAX($C$4:$C$54) ii. C57 through G57: AutoFill the formula from cell C57. iii. D57 through G57: Modify the formula so it displays the correct maximum value for each year (column). Continue to use absolute cell references. c. Using row-absolute mixed cell references, enter the average value formula into the cells as indicated below. i. C58: =AVERAGE(C$4:C$54) ii. C58 through G58: AutoFill the formula from cell C58. d. Using column-absolute mixed cell references, enter the median value formula into the cells as indicated below. i. C59: =MEDIAN($C4:$C54) ii. C59 through G59: AutoFill the formula from cell C59. iii. D59 through G59: Modify the formula so it displays the correct median value for each year (column). Continue to use columnabsolute mixed cell references. Page 3 of 5 Version 2.7
4 4. We need to perform additional calculations to analyze the Home Values sheet data. a. Calculate the average of the median home values for each state using the SUM() and COUNT() functions by entering the formula into the cells as indicated below. Write formulas i. H4: =SUM(C4:G4)/COUNT(C4:G4) ii. H4 through H54: AutoFill the formula from cell H4. 5. On the Homes sheet, we want to use a formula to calculate the percentage of occupied homes located in each state in a. In column H, calculate the percentage of occupied homes in each state using the formula: [2010] [Total of 2010] 6. On the Forecasts sheet, we want to use formulas to forecast the number and value of occupied homes in a. In column G, calculate the forecasted number of homes in each region in 2020 using the formula: [2010 Homes] (1 + [ Homes Change Rate]) b. In column I, calculate the total value of homes in 2020 using the formula: [2020 Homes] [2020 Median Home Value] Use the RANK.EQ function 7. On the Home Values sheet, we want to use a formula to rank the states by median home value. a. In column J, use the RANK.EQ() function to rank each state by its 2010 median home value. 8. Starting in row 2 of the Analysis Questions sheet, answer the analysis question below. Respond to one question per row. b. California accounts for the largest share (10.8%) of all occupied homes in the country. Does this necessarily mean that the state s population is the largest? Page 4 of 5 Version 2.7
5 Grading Rubric PARTICIPATION PROJECT INSTRUCTIONS: MICROSOFT EXCEL This assignment is worth 8 points. It will be graded by your instructor using this rubric: Standard Student made reasonable effort in correctly completing assignment. Meets Requirements (8 points) Assignment is at least 70% complete and correct, or student contacted instructor for help on incorrect or incomplete items. Does Not Meet Requirements (0 points) Assignment is less than 70% complete and correct, and student did not contact instructor for assistance on incorrect or incomplete items. This rubric will be used for peer evaluation of this assignment: Standard Excellent Satisfactory Assignment is Assignment is at Assignment is 70%- correct and least 90% complete 89% complete and complete. and correct. correct. Needs Improvement Assignment is less than 70% complete and correct. The analysis question in Step 8b will be evaluated using this rubric: Standard Answer is reasonable. Answer is supported. Meets Requirements Answer addresses the question prompt and is factually correct or a reasonable interpretation of available data. Logical rationale is provided to support the given answer. Does Not Meet Requirements Answer does not address the question prompt, is factually incorrect, or is an unreasonable interpretation of available data. Logical rationale is not provided to support the given answer. References [1] Census of Population and Housing, U.S. Census Bureau. Available: [2] Median Housing Value of Owner-Occupied Housing Units, U.S. Census Bureau, Available: c=bkmk. [3] Historical Census of Housing Tables Home Values, U.S. Census Bureau, Jun. 06, Available: Page 5 of 5 Version 2.7
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