1. A)Examine the Analysis worksheet and apply appropriate range names to cells D17:D20. B)In D23:28, calculate the ratio of each cities median household income to Murfreesboros median household income. Murfreesboro will have a ratio of 1 (its income divided by itself), and other cities will be > 1 when the income is higher than Murfreesboros. Assume that MTSULiveHere keeps the rental rates for its apartments based on the differences in income in the cities as compared to Murfreesboro (meaning that cities with a greater household income will charge more for rent). You decide that youd like to live in Smyrna. If Murfreesboro charges $1000 per month for rent, calculate the rental price for Smyrna in cell D7 (use an outside reference for the $1000 base rate, Label in cell F16, the rate in cell G16).
2. Set up the structure of a one-variable data table in the marked cells that shows the apartment rental price, electricity charge, pet food expense, and projected housing expense given changes in the average price of pet food from $1.50 to $3.10 by increments of $0.20.
3. Instruct Excel to complete the one-variable data table. HINT: To complete the one-variable data table successfully, be sure to select the correct data table range. If you instruct Excel to complete an incorrect range, you cannot just delete any extra results that might have appeared at the bottom or right of the intended data table area. When you try to do so, you will receive the Cannot change part of a data table error message. You cannot delete only some results from a filled-in data table; you must delete all results values from a one-variable data table if you want to delete any results.
4. Add headings and basic formatting to the data table so it has a more professional appearance.
5. In the marked cells, create the structure for a two-variable data table that shows the total projected housing expense given the interaction between average pet food prices from $1.50 to $3.10 by increments of $0.20 and pounds of food consumed per week from 5 to 25 by increments of 2 pounds per week.
6. Instruct Excel to complete the two-variable data table.
7. Add headings and some basic formatting to the data table so it has a more professional appearance.