The most commonly used software tool for data analysis is the electronic spreadsheet package.Data analysis packages are basically the software tools that are used to structure are rearrange data for their study and manipulation to achieve some desired results.
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What Is an Electronic Spreadsheet?Accountants have used physical spreadsheets, which are large sheets of paper that organize data in rows and columns for analysis, for hundreds of years. Electronic spreadsheets, which emerged in the late 1970s, have advantages for both businesses and teachers.
FunctionElectronic spreadsheets organize information into software-defined rows and columns. The spreadsheet program then adds up the data, using a formula, to give a total or sum.
The rows and columns of a spreadsheet make up cells that form a grid. The user enters data in the cells and types in formulas (or uses pre-programmed formulas called "functions") to perform mathematical calculations on the data. If the user changes numerical data, the spreadsheet automatically recalculates.
Users can illustrate points and trends by displaying the data as a graph or chart.
Spreadsheets enable both businesses and students to create "what if" scenarios by easily manipulating data. In addition, they save the time and labor of calculating by hand.
In teaching, electronic spreadsheets help students learn to identify relationships and patterns in numerical data. Business users can use them to base decisions on different possible scenarios.
The common software productivity suite of Microsoft Excel has two primary graphical interface components. The individuals spaces for data entry are known as cells, while groups of vertical cells are known as columns.