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Setting the right prices for your products or services is crucial for business success. However, manually calculating prices can be time-consuming and error-prone. To simplify this process, you can create a dynamic pricing calculator in Microsoft Excel.
We will take you through the steps to build a versatile pricing calculator that can handle various pricing strategies and scenarios.
Frequency data, in simple terms, records how often specific values or categories appear in a dataset. For instance, it could show how many students scored within certain test score ranges or how many cars were sold by different brands in a month. It’s important for understanding the distribution of values in your dataset.
To calculate the variance of frequency data, you’ll use a formula that’s a bit different from the standard one. The formula for variance of a frequency distribution looks like this:
Allocative efficiency is a crucial concept in economics that signifies the optimal distribution of goods and services in a market. It occurs when the price of a good or service equals the marginal benefit consumers receive from it.
To determine allocative efficiency, market participants must have access data freely and make informed decisions about production and consumption. We show you how to find allocative efficiency in Excel using a graphical method.
Turnaround time (TAT) refers to the total time it takes to complete a task or process, from start to finish. In the context of Excel, calculating TAT involves determining the difference between two dates and times in order to determine the duration of an event or process.
Compound interest is the interest that is earned on both the initial principal and the accumulated interest. It is different from simple interest, which is calculated only on the initial principal. Compound interest is a powerful way to grow your money over time, as it allows you to earn interest on interest.
We will show you how to calculate compound interest in Excel using two methods: the FV function and the POWER function. Both functions can take into account the frequency of compounding, such as monthly, quarterly, or annually.
In this Excel tutorial, you’ll learn how to calculate net interest margin in Excel.
In this Excel tutorial, you learn how to calculate economic value of equity in Excel.
In this Excel tutorial you will learn how to Calculate RSI Indicator in Excel spreadsheet.
The Relative Strength Index (RSI) is a popular momentum indicator in technical analysis that helps determine whether a stock is overbought or oversold. It ranges from 0 to 100, with values above 70 indicating an overbought condition and values below 30 suggesting an oversold state. You can calculate the RSI indicator in an Excel spreadsheet by following these steps.
In this Excel tutorial lesson, you will learn how to convert grams to ounces and ounces to grams using the Microsoft Excel application.
In this tutorial, you’ll learn different methods to convert yards to meters and meters to yards using Excel, including simple multiplication or division, the CONVERT function, and VBA code. Additionally, you’ll learn how to convert meters to yards and feet.