Exam 13: What If Analysis

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When calculating the optimal blend of down payment and interest rate to purchase an automobile,a limit of no more than a $10,000 down payment is an example of which of the following?

(Multiple Choice)
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Which what-if analysis tool is best to determine the number of t-shirts to sell in order to earn $500 with no constraints?

(Multiple Choice)
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Scenario summary reports are placed on/in a ________.

(Short Answer)
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This analysis tool has the ability to handle multiple adjustable cells while minimizing,maximizing,or meeting goals.

(Multiple Choice)
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Solver models can be restored from the ________.

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Where do scenario summary reports appear?

(Multiple Choice)
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Substitution values can be manually entered.

(True/False)
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In order to complete a two-variable data table,a formula or reference to a formula must be entered in the top-left corner.

(True/False)
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A(n)________ specifies the cell that contains a formula that produces a value that you want to optimize with Solver.

(Short Answer)
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When creating a one-variable data table with substitution values in a horizontal row,the formula reference must be on the row below and one column to the left of the first substitution value.

(True/False)
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Match the following terms with the corresponding description.
Goal Seek
A tool that identifies the necessary input value to obtain a desired goal
Solver
An add-in application that manipulates variables based on constraints to find the optimal solution to a problem
Set Cell
The formula cell to be optimized with Goal Seek
Correct Answer:
Verified
Premises:
Responses:
Goal Seek
A tool that identifies the necessary input value to obtain a desired goal
Solver
An add-in application that manipulates variables based on constraints to find the optimal solution to a problem
Set Cell
The formula cell to be optimized with Goal Seek
Objective cell
A new worksheet that contains the results of the Solver Add-in
Solver Report
specifies the cell that contains a formula that produces a value that you want to optimize
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Solver constraints can be set to restrict values to integers.

(True/False)
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Which is the best tool for determining the optimal blend of products to produce in order to maximize profit?

(Multiple Choice)
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The Solver add-in appears in which tab group when active in Excel?

(Multiple Choice)
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Which of the following tools is best suited for comparing the effects of two variables on a formula?

(Multiple Choice)
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When creating substitution values using the Series dialog box,what is the last number used in the substitution values?

(Multiple Choice)
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Which of the following tools is best suited for comparing the effects of one set of substitution values on a formula?

(Multiple Choice)
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What is the difference between a one-variable and two-variable data table?

(Essay)
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Deleted Solver constraints can be restored.

(True/False)
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Match the following terms with the corresponding description.
Changing cells
An organized structured table of the scenarios,their input values,and their respective results
Scenario
Enables you to define and manage scenarios to compare how they affect results
Scenario Summary Report
Detailed sets of values that represent different possible situations
Correct Answer:
Verified
Premises:
Responses:
Changing cells
An organized structured table of the scenarios,their input values,and their respective results
Scenario
Enables you to define and manage scenarios to compare how they affect results
Scenario Summary Report
Detailed sets of values that represent different possible situations
Comments
Notes regarding the creation date of a scenario
Scenario Manager
Cells containing scenario variables
(Matching)
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