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Statistically significantly higher than average

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  1. #1
    Registered User
    Join Date
    05-29-2012
    Location
    EU
    MS-Off Ver
    Excel 2007
    Posts
    17

    Question Statistically significantly higher than average

    Dear Colleagues,

    I've the following data table:

    Group Case Variable 1 Variable 2 Variable 3 ...
    Group A C0001 545646 56465456 3 ...
    Group A C0002 878946 5645465456 13 ...
    Group A C0003 456456 2123 321231 ...
    Group B C0004 545646 131321 54564 ...
    Group B C0005 5656 1311 564 ...
    ... ... ... ... ... ...

    I need to make the following statements about each case:
    • Given case is statistically significantly higher than average
    • Given case is statistically significantly lower than average
    • Given case is not statistically significantly different from the average

    I have to merge the statements in one table that will be dynamically colour coded depending on the selected group. I have defined a number of dynamic offset formulas:
    • case_value - returns value for each case from the table depending on case number and variable number
    • group_values - return the values for the whole (Group A, B, etc.) depending on the selected variable
    • variable_value - returns the variable values for whole column depending on the selected variables

    What I presently need is to develop a formula that will take value 1 for cases that are statistically significantly higher than average, 2 for cases that are statistically significantly lower than average and 0 for cases that are not not statistically significantly different from the average. I have no problem with devising additional lookup and offsets formulas that will pull required strings of data from the data table. What I would like to know is how I get from numerical data to underlined logic formula that will return the value depending on the characteristics of statistical significance. I came across this helpful page, but unfortunately, it's not enough for me. Needles to say, I will appreciate any help!
    Last edited by konradz; 05-16-2013 at 12:47 PM.

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