What Are One-Way Data Tables?
One-way data tables are a statistical tool used to analyse the impact of one variable on another variable. A one-way data table consists of one input cell and one or more result cells. The input cell contains the variable that is being
changed, while the result cells contain the formulas or calculations that use the input cell.
As an example, consider a company that wants to evaluate the impact of different interest rates on their monthly loan payments. The interest rate is the input cell, while the monthly loan payment is the result cell. The company can create a one way data table to see how changes in the interest rate affect the monthly loan payment.
| Interest Rate (%) | Monthly Loan Payment ($) |
|---|---|
| 5 | 499.55 |
| 6 | 506.69 |
| 7 | 513.86 |
| 8 | 521.08 |
| 9 | 528.34 |
Read Complete Article On My Blog
https://cloudaffle.com/series/statistics-and-probability/one-way-data/
Top comments (0)