100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
MSIS 3223 Exam 1 (Appendix A1, Ch. 1-4) Questions and Answers 100% Correct $11.99   Add to cart

Exam (elaborations)

MSIS 3223 Exam 1 (Appendix A1, Ch. 1-4) Questions and Answers 100% Correct

 0 view  0 purchase
  • Course
  • MSIS 3223
  • Institution
  • MSIS 3223

MSIS 3223 Exam 1 (MSIS 3223 Exam 1 (Appendix A1, Ch. 1-4) Questions and Answers 100% Correct MSIS 3223 Exam 1 (Appendix A1, Ch. 1-4) Questions and Answers 100% Correct A1, Ch. 1-4) Questions and Answers 100% Correct Cell references - ANSWER-_____ in formulas can be written with either relati...

[Show more]

Preview 2 out of 8  pages

  • October 29, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MSIS 3223
  • MSIS 3223
avatar-seller
NursingTutor1
MSIS 3223 Exam 1 (Appendix A1, Ch. 1-
4) Questions and Answers 100% Correct
Cell references - ANSWER-_____ in formulas can be written with either relative
addresses or absolute addresses.

Relative - ANSWER-A(n) _____ address uses just the row and column label in the cell
reference (for example A4 or C23).

Absolute - ANSWER-A(n) _____ address uses a dollar sign ($) before either the row or
column or both ($A2, C$23, or $B$15).

B$4 - ANSWER-Using a dollar sign ($) before a row label (for example _____) keeps
the reference fixed to row 4 but allows the column reference to change if the formula is
copied to another cell.

$B$4 - ANSWER-Using a dollar sign ($) before both the row and column (for example
_____) will keep the reference fixed for both the row and column.

Descriptive Analytics - ANSWER-The most commonly used and most-well understood
type of analytics. Summarizes data into meaningful charts & reports, for example, about
budgets, sales, revenues, or cost.

Predictive Analytics - ANSWER-Seeks to predict the future by examining historical data,
detecting patterns or relationships in these data, & then extrapolating these
relationships forward in time.

Prescriptive Analytics - ANSWER-Uses optimization to identify the best alternatives to
minimize or maximize some objective.

Insert - ANSWER-The easiest way to locate a particular function is to select a cell and
click the _____ function button (fx) which can be found under the ribbon next to the
formula bar.

MIN(range) - ANSWER-Function in Excel:
finds the smallest value in a range of cells.

MAX(range) - ANSWER-Function in Excel:
finds the largest value in a range of cells.

SUM(range) - ANSWER-Function in Excel:
finds the sum of values in a range of cells.

, AVERAGE(range) - ANSWER-Function in Excel:
finds the average of the values in a range of cells.

COUNT(range) - ANSWER-Function in Excel:
finds the number of cells in a range that contains numbers.

COUNTIF(range, criteria) - ANSWER-Function in Excel:
finds the number of cells within a range that meet a specified criterion.

Net Present Value (NPV) - ANSWER-Measures the worth of a stream of cash flows,
taking into account the time value of money.


Data - ANSWER-Assumed to be constant for purposes of the decision model.

Uncontrollable inputs - ANSWER-Quantities that can change but cannot be directly
controlled by the decision maker.

Decision options - ANSWER-Controllable, and can be selected at the discretion of the
decision maker. They are often called decision variables.

Discount Rate - ANSWER-The _____ reflects the opportunity costs of spending funds
now versus achieving a return through another investment, as well as the risks
associated with not receiving returns until a later time.

positive NPV - ANSWER-A _____ means that the investment will provide added value
because the projected return exceeds the discount rate.

decision - ANSWER-Many _____ models can be formalized using a model.

Model - ANSWER-A _____ is an abstraction or representation of a real system, idea, or
object. They capture the most important feature of a problem & present them in a form
that is easy to interpret.

description - ANSWER-A model can be as simple as a written or verbal _____ of some
phenomenon, a visual representation (visual model) such as a graph or flowchart, or a
mathematical or spreadsheet representation.

1. Data
2. Uncontrollable inputs
3. Decision options - ANSWER-The 3 types of input in a Decision Model:

Descriptive Models - ANSWER-Explain behavior & allow users to evaluate potential
decisions by asking "what-if?" questions. They describe relationships allowing a
manager to make a decision, without telling a manager what to do.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller NursingTutor1. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

83662 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$11.99
  • (0)
  Add to cart