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Create a new tab (worksheet) labeled IF, and set up an empty table like the one in the Data tab. Populate the table by linking the cells to the data in the Data tab. Use the IF function to complete the items below:a) Sum the costs incurred by full-time employees.b) Sum the cost incurred by contract employees.c) Provide a rationale statement. The statement may be typed directly into the Excel document underneath the chart.3. Create a new tab labeled Pivot & Pie. From the data in the IF tab, create a pivot table and a pie chart that shows the following:a) Show the employee status.b) Show the employee namec) Show the employee cost.d) Provide a rationale statement.4. Create a new tab labeled MMM, and set up an empty table like the one in the Data tab. Populate the table by linking the cells to the data in the Data tab, then complete the following:a) Calculate the mean, median, and mode of the hourly wages. Then, multiply the total project hours times each one.b) Provide a written rationale statement for how you calculated mean, median, and mode.c) Provide a summary describing how each measure (mean, median, and mode) could be used for this project, and include your recommendation on which is the most appropriate and why.
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