Exam 6: What-If Analysis

arrow
  • Select Tags
search iconSearch Question
flashcardsStudy Flashcards
  • Select Tags

Goal Seek is a what-if analysis tool.

(True/False)
4.8/5
(65)
Match each of the following tools to its best description of its function:
Step value
Enables you to experiment with different variables to observe how they affect the outcome.
Stop value
Memorable name substitution for formulas
What-if analysis
Value increments when filling a series
Correct Answer:
Verified
Premises:
Responses:
Step value
Enables you to experiment with different variables to observe how they affect the outcome.
Stop value
Memorable name substitution for formulas
What-if analysis
Value increments when filling a series
Range name
The value that is changed in what-if analysis.
Substitution value
The ending value for the series
(Matching)
4.9/5
(72)

To set up this two-variable data table, what is in B9? To set up this two-variable data table, what is in B9?

(Multiple Choice)
4.8/5
(90)

Excel must have at least one formula in one-variable data table.

(True/False)
4.9/5
(77)

A one-variable data table can be built ________.

(Multiple Choice)
4.7/5
(83)

It is a good idea to use a custom format to label the top left corner of a two-variable data table with a readable label.

(True/False)
4.8/5
(87)

To create range names for multiple cells at once, use the ________ tool.

(Multiple Choice)
5.0/5
(86)

________ specify the restrictions or limitations imposed on a spreadsheet model as Solver finds an optimum value.

(Multiple Choice)
4.9/5
(82)

A list of active and inactive Add-ins is in the ________.

(Multiple Choice)
4.8/5
(67)

Scenario Manager can manage up to ________ scenarios.

(Multiple Choice)
4.9/5
(92)

A(n)________ is the changeable input value used in a what-if analysis.

(Short Answer)
4.8/5
(97)

Use the ________ to edit, delete and create range names.

(Short Answer)
4.9/5
(77)

To add a column header of Payment for the calculation column in a one-variable data table, Select the cell with the calculation formula and then ________.

(Multiple Choice)
4.7/5
(76)

A valid character to separate words in a range name is ________.

(Short Answer)
4.9/5
(88)

________ analysis enables you to compare how changes affect a related outcome.

(Short Answer)
4.9/5
(78)

________ enables you to experiment with different variables or assumptions so you can compare the related outcomes.

(Multiple Choice)
4.9/5
(67)

Optimization models find the highest, lowest, or exact value for one particular result.

(True/False)
4.7/5
(66)

A(n)________ is a rule that Solver must enforce to reach the objective value.

(Multiple Choice)
4.9/5
(75)

________ are the limits or restrictions placed on a Solver model.

(Short Answer)
4.8/5
(79)

What are the row and column input cells in this table? What are the row and column input cells in this table?

(Multiple Choice)
4.8/5
(62)
Showing 21 - 40 of 100
close modal

Filters

  • Essay(0)
  • Multiple Choice(0)
  • Short Answer(0)
  • True False(0)
  • Matching(0)