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please break this down step 𝑏𝑦 \ufeffstep Overview

In this assignment, you’ll continue to use the workbook titled Labor Hours that you created for your Module One assignment. You’ll be looking at data related to employees who are full-time staff members and those you hire as needed on a contract basis. You’ll use the SUMIF function to separate the data for each status (full-time or contract). \ufeffThen you’ll use a pivot table and a pie chart to show different ways of displaying the data. Finally, you’ll program a spreadsheet to figure out the mean, median, and mode. You’ll write a summary of these measures of central tendency.

Directions

For this assignment, complete the following steps in your Labor Hours workbook:

On the Data tab, do the following:

• Add a column titled Status.
• Use the information from the last bullet of the scenario box below to mark each employee as either F for full-time or C for contract.
• Create a new tab (worksheet) \ufefflabeled SUMIF. Set up an empty table like the one in the Data tab. Populate the table by linking the cells to the data in the Data tab. Use the SUMIF function to complete the items below:
• Sum the costs incurred by full-time employees.
• Sum the costs incurred by contract employees.
• Write a rationale statement. The statement may be typed directly into the Excel document underneath the chart.
• Create a new tab labeled Pivot & Pie. Use the data in the SUMIF tab to create a pivot table and a pie chart. Complete the following:
• Show the employee status.
• Show the employee’s name.
• Show the employee cost.
• Write a rationale statement.

Create a new tab labeled MMM and set up an empty table like the one in the Data tab. Populate the table by linking the cells to the data in the Data tab. Then, complete the following:

Figure out the mean, median, and mode of the hourly wages. Then multiply the total project hours times each one.

Write a rationale statement for how you calculated the mean, median, and mode.

Write a summary describing how each measure (mean, \ufeffmedian, and mode) \ufeffcould be used for this project. Include your recommendation on which is the most appropriate and why.

Note: Parts 2 \ufeffthrough 4 \ufeffof this assignment (and several future assignments in this course) \ufeffask you to provide a rationale statement. This is so your instructor can understand your thought process in case there is an error in your results. For example, imagine the assignment asks you to set up a spreadsheet to track each employee’s hours and costs. Then you are supposed to sum those hours. Your rationale statement might look something like this: “Create a table that identifies each person, their labor rate, and their hours worked. The table sums the hours worked and then multiplies the hours times the labor rate. The sums for each employee are then totaled.”

Scenario

You are looking at labor costs for a construction project using eight employees:

The employees’ \ufeffnames are Smith, Rodriquez, Daniel, Eli, Lee, Kim, Buster, and Green.

Each employee worked eight hours a day for five days.

The employees’ \ufeffwages per hour are as follows:

Smith: $8.95

Rodriguez: $11

Daniel: $14

Eli: $16

Lee: $19

Kim: $20

Buster: $25

Green: $40

Green, Kim, Eli, and Lee are full-time employees, and the others are contract employees.

Specifically, you must address the following rubric criteria:

Set up spreadsheets to address the analysis objectives.

Use the SUMIF function to sum costs correctly.

Use a pivot table and pie chart that display the correct information.

Make sure the programming correctly calculates the mean, median, and mode.

Write a summary about the differences between how the mean, median, and mode can be used, and provide a recommendation.

Write a rationale statement that fully addresses the programming decisions.