Exam 10: Data Tables, scenario Manager, and Solver

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

A two-variable data table returns ________ result(s)for each combination of two variables.

(Multiple Choice)
4.9/5
(35)

The scroll bar is a type of ________ tool because of the ability to calculate numerous outputs in other cells by referencing the target cell in formulas and functions.

(Short Answer)
4.8/5
(28)

The initial results of Goal Seek are automatically entered into a new worksheet.

(True/False)
4.8/5
(32)

A ________ analysis studies the relationship between fixed and variable costs,sales volume,and profits.

(Multiple Choice)
4.9/5
(40)

Goal seek is a form control that allows you to change a number in a target cell location in single-unit increments.

(True/False)
4.7/5
(48)

Changing a binding constraint also changes the optimal solution.

(True/False)
4.8/5
(34)

A ________ is a type of scenario tool that allows you to change a number in a target cell location in single-unit increments.

(Multiple Choice)
4.8/5
(31)

All of the following solving methods are available within the Solver Parameters dialog box EXCEPT ________.

(Multiple Choice)
4.8/5
(37)
Match the following terms to their description.
Solver
A mathematical method for determining how to attain the best outcome in a mathematical model
Evolutionary method
An add-in analysis tool that manipulates variables based on predetermined constraints to find the optimal solution
GRG Nonlinear method
The most complex method,which is used for nonlinear and nonsmooth models
Correct Answer:
Verified
Premises:
Responses:
Solver
A mathematical method for determining how to attain the best outcome in a mathematical model
Evolutionary method
An add-in analysis tool that manipulates variables based on predetermined constraints to find the optimal solution
GRG Nonlinear method
The most complex method,which is used for nonlinear and nonsmooth models
Linear programming
A linear model in which the variables are not raised to any powers and no transcendent functions are used
Simplex LP method
The default method for Solver,which is used for nonlinear and smooth models
(Matching)
4.8/5
(28)

The ________ is the default method that Excel's Solver uses.

(Multiple Choice)
4.9/5
(41)

What information is displayed in the first section of a Solver report?

(Multiple Choice)
4.9/5
(36)

________ makes the data easier to read and understand because it adds a visual or graphical element to the cells or values.

(Multiple Choice)
4.7/5
(42)

Which of the following is NOT one of the three cost types to consider when calculating the break-even point?

(Multiple Choice)
4.8/5
(29)

The three parameters available in Solver are objective cell,variable cell,and ________.

(Short Answer)
4.9/5
(34)

To view scenarios,click the ________ button in the Scenario Manager dialog box.

(Multiple Choice)
4.9/5
(43)

If you delete a scenario and change your mind,you can use the Undo button to undo your deletion.

(True/False)
4.7/5
(23)

When the golf course is open for business,they have to pay management salaries,insurance,depreciation of building and equipment,and so on,regardless of how many customers they have during the day.These are examples of variable costs.

(True/False)
4.8/5
(40)

Which What-If Analysis tool would be best at determining how much you can borrow for a car loan while paying only $275 a month?

(Multiple Choice)
4.9/5
(44)

Of the three What-If Analysis tools available on the Data tab,the ________ can compare more than two variables.

(Short Answer)
4.8/5
(37)

The Solver ________ Report displays various statistical characteristics about the given model,such as how many variables and rows it contains.

(Short Answer)
4.9/5
(37)
Showing 41 - 60 of 101
close modal

Filters

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