Exam 23: Excel : What-If Analysis

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________ scenarios can be created within Scenario Manager.

(Short Answer)
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Which dialog box enables you to specify the result cells for a scenario summary report?

(Multiple Choice)
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Match the following terms with the corresponding description.
Scenario Summary Report
Cells containing scenario variables
Comments
Notes regarding the creation date of a scenario
Scenario Manager
An organized structured table of the scenarios,their input values,and their respective results
Correct Answer:
Verified
Premises:
Responses:
Scenario Summary Report
Cells containing scenario variables
Comments
Notes regarding the creation date of a scenario
Scenario Manager
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
Changing cells
Detailed sets of values that represent different possible situations
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Goal Seek is an Excel add-in.

(True/False)
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What is the maximum number of scenarios supported by Scenario Manager?

(Multiple Choice)
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Scenario Manager is an Excel add-in.

(True/False)
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Which of the following tools can manipulate changing variable cells?

(Multiple Choice)
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A two-variable data table allows two variables but only one result.

(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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Where do scenario summary reports appear?

(Multiple Choice)
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________ is the best what-if analysis tool to solve complex linear and nonlinear problems.

(Multiple Choice)
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If Doug would like to determine how many hot dogs to sell at a profit margin of $10.00 to raise $250.00 without constraints,which what-if analysis tool should he use?

(Multiple Choice)
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Goal Seek can be set to minimize the objective cell.

(True/False)
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Scenario Manager can be set to maximize the objective cell.

(True/False)
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Scenario Manager can create PivotTable reports.

(True/False)
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What is the best tool to determine the required downpayment to reach a $700 car payment?

(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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Which what-if analysis tool is best to determine the optimal amount of shoes to produce in order to maximize profit and use 100% of materials?

(Multiple Choice)
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All what-if analysis tools are located in the ________ tab.

(Short Answer)
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Match the following terms with the corresponding description.
Solver
An add-in application that manipulates variables based on constraints to find the optimal solution to a problem
Variable
An input value that can change to other values to affect the results of a situation
Objective cell
Specifies the cell that contains a formula that produces a value that you want to optimize
Correct Answer:
Verified
Premises:
Responses:
Solver
An add-in application that manipulates variables based on constraints to find the optimal solution to a problem
Variable
An input value that can change to other values to affect the results of a situation
Objective cell
Specifies the cell that contains a formula that produces a value that you want to optimize
Goal Seek
A tool that identifies the necessary input value to obtain a desired goal
Scenario Manager
Enables you to define and manage scenarios to compare how they affect results
(Matching)
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(35)
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