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Grading Sheet Major Assignment 1 Grading Sheet CompetencyRequirements for full credit(optional for student use) Did you meet the requirements?Points possibleYour pointsScoring comments Monthly BudgetNameYou have entered your full name in the field provided. (Note that entering your name on this sheet is required in order to complete your other sheets.)1 BudgetYou have listed at least 10 budget items total with at least 1 item in each category.10 You have entered the number of times purchased and purchase amount for each item, and at least 3 items are purchased more than once.10 Your Total Cost for each item is a formula multiplying the number of times purchased by the purchase amount, using appropriate cell references.10 Your Subtotal formulas are correct for each of your 5 sections.10 You have explicitly formatted your Cost Per Purchase, Total Cost, and Subtotal cells to display as Currency with the $ sign and 2 decimal places of precision.25 Summary and AnalysisYou have transferred your Subtotals from the Budget to the Summary and Analysis section, using formulas with cell references.5 Your Budget Total is correctly calculated from your Subtotals as a formula using cell references.2 Your Percentage of Total formulas are correctly calculated from the Subtotals and Budget Total in the Summary section, using cell references.10 All amounts are formatted as Currency showing the $ symbol and with 2 decimal places of precision, and all percentages are formatted as Percentage with 1 decimal place.11 ChartsYour bar chart correctly shows the Subtotals as bars, has the Budget Category entries as labels, and has an appropriate title and axis labels (3 points for including the chart, 1 point for each additional element).7 Your pie chart correctly shows the Percentages as pie slices and has an appropriate title (3 points for including the chart, 1 point each for showing the percentages as data labels and for having a correct title).5 Subtotals1060 Income AnalysisBest-Fit Line and Predicted IncomesYou have correctly calculated the slope and y-intercept for the data provided, using appropriate Excel functions.6 Your formulas for Predicted Incomes are correct, using cell references for the slope, y-intercept, and years of education.17 Your slope, y-intercept, and Predicted incomes are formatted as indicated in the instructions.19 ChartYou have included an XY-Scatterplot of the BLS data, adding an appropriate title and axis labels.6 You have added a trendline to your scatterplot, extending it to 8 years on the left and 24 years on the right.2 Subtotals500 ConversionsConversionsYou have identified the correct units for your final quantity, using the units abbreviations (including capitalization) provided in the conversion factors table.4 You have identified the conversion ratios to use, using correct units abbreviations from the table (including capitalization) and adding an N/A entry if fewer than 3 conversions are needed.10 Your formulas for the ratios are correct, using appropriate cell references.10 Your final quantity formulas are correct and use cell references for all inputs.8 Fahrenheit / Celsius ConversionsYour Fahrenheit to Celsius conversion formulas are correct and use cell references. The calculations are direct and do not use built-in Excel functions.4 Subtotals360 Totals1920 Percentage100.00%0.00% Scaled out of 100100.000.00 Monthly Budget 1 Enter your full name here. If your full name is less than 5 letters long, add additional letters 'X' at the end until you reach length 5Assignment Advisory: You must use the latest desktop version of Excel for Microsoft 365 for this assigment. (This is provided free by GCU; contact the Help Desk for more information and help installing the software.) Using an earlier version of Excel or a different spreadsheet program may result in missing or corrupted template elements. Copying cells from or into this template may likewise result in corrupted data. Legend If a cell is shadedYou should BlueEnter a text response GreenEnter a number GoldEnter an Excel formula Any other colorMake no changes Monthly Budget Housing and Utilities Budget ItemNumber of times purchased each monthCost per purchaseTotal cost Mortgage payment1$1,600.00$1,600.00Budget Summary and Analysis Budget CategorySubtotalPercentage of Total Housing and Utilities$1,600.00 Food and Entertainment Insurance, Health, and Medical Subtotal:$1,600.00Savings and Charitable Giving Food and EntertainmentMiscellaneous Budget ItemNumber of times purchased each monthCost per purchaseTotal cost Budget Total Subtotal: Insurance, Health, and Medical Budget ItemNumber of times purchased each monthCost per purchaseTotal cost Subtotal: Savings and Charitable Giving Budget ItemNumber of times purchased each monthCost per purchaseTotal cost Subtotal: Miscellaneous Budget ItemNumber of times purchased each monthCost per purchaseTotal cost Subtotal: 2 Below, you will develop a simplified monthly budget, including entries for 5 separate categories as given. You must enter at least 10 budget items total across all categories, with up to 5 entries per category. Each category must include at least one budget item. For at least 3 budget items, the number of times purchased per month must be greater than 1. Format all costs as Currency with 2 decimal places. 4 Below you will insert two charts for this data. First, insert a bar chart that shows each Subtotal amount as a bar, has the Budget Categories as bar labels, changes the chart title from the default, and adds axis titles for both axes. Then, insert a pie chart that shows the percentage of the Budget Total represented by each Budget Category based on the Percentage of Total column, changes the chart title from the default, and includes the percentages as data labels. 3 Here, use Excel formulas to transfer the subtotals and total from your budget into this table, and then calculate the percentage of the budget total represented by each category. Format the costs as Currency with two decimal places of precision and the percentages as Percentage with one decimal place of precision. Income Analysis Legend If a cell is shadedYou should BlueEnter a text response GreenEnter a number GoldEnter an Excel formula Any other colorMake no changes Your name from the Monthly Budget sheet:06 Add your chart here: an XY-scatterplot of the BLS Data in columns A and B (NOT the data in columns C and D) plus an auto trendline forecasting backward to 8 and forward to 24 years BLS DataPredicted Incomes Based on Best Fit Years of Education (X)Average Weekly Income (Y)Years of Education (X)Average Weekly Income (Y = m*X + b) 10Your full name entry must be longer8 12Your full name entry must be longer9 13Your full name entry must be longer10 14Your full name entry must be longer11 16Your full name entry must be longer12 18Your full name entry must be longer13 19Your full name entry must be longer14 20Your full name entry must be longer15 16 Best-Fit Line Parameters17 18 Slope (m)19 Y-Intercept (0, b)20 21 22 23 24 5 On this sheet, you will investigate the relationship between years of education and average income First, consider the following chart of education versus average income. Below it, use Excel functions to find the slope and y-intercept of the best-fit line for the given coordinates. Then, to the right, use the slope and y-intercept to calculate the average weekly income for all years of education from 8 through 24. Finally, create a chart showing the BLS data as a scatterplot, and add an auto trendline to this chart showing years of education versus predicted average income superimposed on the BLS data and forecasting backward to 8 years and forward to 24 years. (That is, the line should start at 8 years and end at 24 years on the horizontal axis.) Here, you should format your slope and y-intercept as numbers with 0 decimal places and your average weekly incomes as Currency with the $ symbol and 0 decimal places. In case you'd like to explore the data, numbers here are derived from Bureau of Labor Statistics figures at https://www.bls.gov/emp/tables/unemployment-earnings-education.htm. However, you don't need to take any steps related to this reference for the assignment. Conversions Quantity ofFirst Units=Conversion FactorSecond Units 1kilogram (kg)=2.20462pounds (lb)Legend 1fluid ounce (floz)=29.5735milliliter (mL)If a cell is shadedYou should 1ounce (oz)=28.3495gram (g)BlueEnter a text response 1kilogram (kg)=1000gram (g)GreenEnter a number 1gram (g)=1000milligram (mg)GoldEnter an Excel formula 1milligram (mg)=1000microgram (mcg)Any other colorMake no changes 1liter (L)=33.8140fluid ounces (floz) 1liter (L)=0.2642gallons (gal) 1teaspoon (tsp)=4.9289milliliter (mL) 1meter (m)=3.2808feet (ft) 1day (d)=24hours (h) Example: convert fluid ounces per kilogram to milliliters per poundA) Convert milligrams per liter to micrograms per fluid ounceB) Convert grams per hour to kilograms per dayC) Convert square feet per gallon to square meters per liter (hint: one conversion factor is applied twice)D) Convert milliliters per kilogram per hour to teaspoons per pound per day Initial quantity and units to convert from10floz/kg50mg/L20g/h5000ft^2/gal30mL/(kg*h) xxxxxx First ratio and units29.5735mL/floz xxxxxx Second ratio and units0.4535929094kg/lb xxx Third ratio and units ====== Final quantity and units to convert to134.1432990719mL/lb Fahrenheit Your full name entry must be longer Celsius Your full name entry must be longer 7 On this sheet, you will consider several conversions related to calculations you might see in a professional context. For each conversion, you'll identify and apply appropriate ratios to yield the given result. Remember that ratios can use either unit over the other, and that you should order ratios so that units cancel in the numerator and denominator for intermediate steps. First, examine this conversion factor table; you will use conversion factors from this table in your formulas in part 8. Note that if you use a ratio of the Second Units over the First Units, then your multiplier will be the conversion factor itself; on the other hand, if you use a ratio of the First Units over the Second units, then your multiplier will be 1 divided by the conversion factor. For example, when multiplying by lb/kg, you would multiply by D12; when multiplying by kg/lb, you would multiply by 1/D12. 8 Now, use entries from the conversion table to perform the following conversions. Note that you may use entries only from the table above, even if a more direct conversion is possible. For each part, the number of ratios required is shown in the table. Note that each of your ratio formulas will be either one of the conversion factors above (like =D13) or its reciprocal (like =1/D12), as illustrated in the example. (Equivalently, you could use the formulas =D13/A13 and =A12/D12.) No special formatting is required for the cells containing your formulas. In the blue cells, enter the ratio of units that you multiplied by for each conversion. You should use the abbreviations provided above, including capitalization as given. 9 Some conversions use ratios plus another additive term (summand). Here, you'll convert from Fahrenheit to Celsius and from Celsius to Fahrenheit, using the following symbolic formulas: Celsius to Fahrenheit: F = (9/5)*C + 32 Fahrenheit to Celsius: C = (5/9)*(F - 32) Use formulas to populate the two empty cells below: specifically, you should convert the value in from Fahrenheit in B50 to Celsius in B51 and from Celsius in C51 to Fahrenheit in C50. No special formatting