MSIS 3223 Exam 1 Questions and Answers (Graded A)
Which of the following ways would 10 raised to the power of 2 x 5 raised to the power of 3/100 - 73 be represented in an excel spreadsheet? - ANSWER-10^2^5^3 / 100 - 73
Which of the following is a difference between relative addressing and abs...
MSIS 3223 Exam 1 Questions and Answers (Graded A)
Which of the following ways would 10 raised to the power of 2 x 5 raised to the power of
3/100 - 73 be represented in an excel spreadsheet? - ANSWER-10^2^5^ - 73
Which of the following is a difference between relative addressing and absolute addressing when using cell formulas in excel? - ANSWER-A relative address uses just the row and column label in the cell reference; an absolute address uses a dollar sign before either the row or column label
To copy a formula from a single cell or range of cells down a column or across a row, first _________, click and hold the mouse on the small square in the lower right hand corner of the cell, and drag the formula to the "target" cells which you wish to copy. - ANSWER-Select the cell or range
The easiest way to locate a particular function is to select a cell and click on the Insert function button represented by ___________ on the Excel ribbon. - ANSWER-fx
The Excel function of _________ is used to find the largest value in a range of cells. - ANSWER-MAX(range)
___________ measures the worth of a stream of cash flows, taking into account the time value of money. - ANSWER-Net present value
Descriptive analytics: - ANSWER-helps companies classify their customers into segments to develop specific marketing campaigns
Predictive analytics: - ANSWER-detects patterns in historical data and extrapolates then
foward in time
Which of the following question will prescriptive analytics help a company address? - ANSWER-What is the best way of shipping goods from their factories to minimize costs?
The demand for coffee beans over a period of three months has been represented in the form of an L shaped curve. Which form of model was used here? - ANSWER-visual model
Decision variables: - ANSWER-can be selected at the discretion of the decision maker
Descriptive decision models: - ANSWER-describe relationships but do not tell a manager what to do
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