+ Reply to Thread
Results 1 to 10 of 10

Type formula in Excel format

  1. #1
    Valued Forum Contributor
    Join Date
    02-07-2013
    Location
    Philippines
    MS-Off Ver
    Excel Online; 365
    Posts
    610

    Type formula in Excel format

    Hi Experts,

    I'm trying to determine the number of audit samples required in a call center with the following parameters:

    Transaction/Volume: 110,000
    No. of Agents (population): 100
    Confidence level: 95%

    I found this formula onlineFormula.jpg.

    I've attached a sample workbook and i followed the formula but i can't match the answer in the website.Book1.xlsx

    Based from additional research N is the population or in this case the # of agents


    Please help.

    Thank you,
    Last edited by bhenlee; 03-13-2024 at 02:21 AM.
    If I've helped U pls click on d *Add Reputation

  2. #2
    Forum Moderator AliGW's Avatar
    Join Date
    08-10-2013
    Location
    Retired in Ipswich, Suffolk, but grew up in Sawley, Derbyshire (England)
    MS-Off Ver
    MS 365 Subscription Insider Beta Channel v. 2406 (Windows 11 23H2 64-bit)
    Posts
    81,712

    Re: Type formula in Excel format

    Which of your values is e and which is z? What is N?

    What have you tried so far?
    Ali


    Enthusiastic self-taught user of MS Excel who's always learning!
    Don't forget to say "thank you" in your thread to anyone who has offered you help.
    You can reward them by clicking on * Add Reputation below their user name on the left, if you wish.

    Forum Rules (updated August 2023): please read them here.

  3. #3
    Forum Moderator AliGW's Avatar
    Join Date
    08-10-2013
    Location
    Retired in Ipswich, Suffolk, but grew up in Sawley, Derbyshire (England)
    MS-Off Ver
    MS 365 Subscription Insider Beta Channel v. 2406 (Windows 11 23H2 64-bit)
    Posts
    81,712

    Re: Type formula in Excel format

    With no idea of expcted result, I tried this:

    Please Login or Register  to view this content.
    AliGW on MS365 Beta Channel (Windows 11) 64 bit

    A
    B
    C
    1
    110000
    N
    2
    100
    p
    113276.3
    3
    98%
    z
    4
    0.05
    e
    Sheet: Sheet1

  4. #4
    Forum Expert avk's Avatar
    Join Date
    07-12-2007
    Location
    India
    MS-Off Ver
    Microsoft Office 2013
    Posts
    3,223

    Re: Type formula in Excel format

    I also trying this. Which i assume.

    Formula: copy to clipboard
    Please Login or Register  to view this content.


    Formula: copy to clipboard
    Please Login or Register  to view this content.


    File Attach.
    Attached Files Attached Files


    atul


    If my answer (or that of other members) has helped you, please say "Thanks" by clicking the Add Reputation button at the foot of one of their posts.

    Also: if your problem is solved, please take the time to mark your thread as SOLVED by going to the top of your first post, selecting "Thread Tools" and then "Mark thread as solved".

  5. #5
    Valued Forum Contributor
    Join Date
    02-07-2013
    Location
    Philippines
    MS-Off Ver
    Excel Online; 365
    Posts
    610

    Re: Type formula in Excel format

    thank you for the help Experts. The result in the website is 285 based on the following parameters:

    Monthly Call Volume: 110,000
    No. of Agents (population): 100
    Confidence level: 95%

    I've included the link to the website in the sample workbook Book1.xlsx. I'm trying to understand how they came with 285.
    Last edited by bhenlee; 03-13-2024 at 03:15 AM.

  6. #6
    Forum Moderator AliGW's Avatar
    Join Date
    08-10-2013
    Location
    Retired in Ipswich, Suffolk, but grew up in Sawley, Derbyshire (England)
    MS-Off Ver
    MS 365 Subscription Insider Beta Channel v. 2406 (Windows 11 23H2 64-bit)
    Posts
    81,712

    Re: Type formula in Excel format

    Sorry - I have no idea about the calculations you've already tried - I just don't understand them or your logic. I'm out.

  7. #7
    Forum Expert romperstomper's Avatar
    Join Date
    08-13-2008
    Location
    East Sussex, UK
    MS-Off Ver
    365, varying versions/builds
    Posts
    21,300

    Re: Type formula in Excel format

    That formula just returns whatever value you put in for N.
    Anyone who confuses correlation and causation ends up dead.

  8. #8
    Forum Moderator AliGW's Avatar
    Join Date
    08-10-2013
    Location
    Retired in Ipswich, Suffolk, but grew up in Sawley, Derbyshire (England)
    MS-Off Ver
    MS 365 Subscription Insider Beta Channel v. 2406 (Windows 11 23H2 64-bit)
    Posts
    81,712

    Re: Type formula in Excel format

    Do you mean the formula in post #1 or one of the attempts to create it in Excel?

  9. #9
    Forum Expert romperstomper's Avatar
    Join Date
    08-13-2008
    Location
    East Sussex, UK
    MS-Off Ver
    365, varying versions/builds
    Posts
    21,300

    Re: Type formula in Excel format

    Both. (the formula in the last workbook is a straight recreation of the one in the picture).

  10. #10
    Forum Guru
    Join Date
    04-13-2005
    Location
    North America
    MS-Off Ver
    2002/XP and 2007
    Posts
    15,889

    Re: Type formula in Excel format

    It appears to me to be an error on the website's part in defining p or in describing how p goes into the formula or something.

    Analyzing the function, I see, as rorya began to suggest, a horizontal asymptote at y=N. As p approaches +/-infinity, y approaches N from the positive side. I also note to vertical asymptotes at denominator=0 (p~-0.06 and p~1.06. Exact values can be found by solving the quadratic equation).

    I note that I can use Solver/goal seek to find that y=285 when p~1.092 (or -0.092), but I don't see how to get either of those values from 110000 calls and 100 agents.

    I dug into the source code for your calculator's website. I see that they are calculating sample size as:
    Please Login or Register  to view this content.
    or what looks like numerator=z^2*0.5*(1-0.5)/e^2, denominator =1+(numerator-1)/(callvolume/agents). If I put 1100 into B3 and 0.5 into B6 of your spreadsheet, then your spreadsheet will calculate 285 for the sample size. It appears that they did a very poor job of describing their calculation scheme.
    Quote Originally Posted by shg
    Mathematics is the native language of the natural world. Just trying to become literate.

+ Reply to Thread

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Replies: 3
    Last Post: 07-03-2018, 06:47 PM
  2. [SOLVED] Using ADO to write to an Excel file - Type Format
    By mc84excel in forum Excel Programming / VBA / Macros
    Replies: 18
    Last Post: 03-25-2014, 06:55 PM
  3. Replies: 3
    Last Post: 08-04-2012, 07:22 PM
  4. can formula If type into conditional format ?
    By choy96 in forum Excel General
    Replies: 2
    Last Post: 12-22-2010, 12:21 PM
  5. [SOLVED] forcing cell format type in excel using com?
    By Daryl in forum Excel Programming / VBA / Macros
    Replies: 1
    Last Post: 04-19-2006, 09:45 AM
  6. Adding new 'Type' to Format->Number->Time->Type
    By Alex Vinokur in forum Excel General
    Replies: 5
    Last Post: 09-26-2005, 04:05 PM
  7. [SOLVED] date type format which is supported by excel 2003
    By kanchan in forum Excel Charting & Pivots
    Replies: 2
    Last Post: 09-21-2005, 07:05 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Search Engine Friendly URLs by vBSEO 3.6.0 RC 1