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MSIS 3223 Exam 1 – Okstate/114 Questions with Verified Answers
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MSIS 3223 Exam 1 – Okstate/114 Questions with Verified Answers
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MSIS 3223 Exam 1 – Okstate/114Questions with Verified Answers
Addition in excel - -+
- Subtraction in Excel - --
- Multiplication in Excel - -*
- Division in Excel - -/
- Raised to the power (exponentiation) - -^
- How would 10 raised to the power of 2 × 5 raised to the power of 3/ 100 -
73 be represented in an Excel spreadsheet? - -10^2 * 5^3/100-73
- relative address - -A relative address uses just the row and column label in
the cell reference (for example A4 or C23)
- absolute address - -An absolute address uses a dollars sign ($) before
either the row or column or both (for example $A2, C$23, or $B$15)
- How do you keep JUST a row fixed, but not the column? - -Using a dollar
sign ($) before a row label (for example B$4) keeps the reference fixed to
row 4 but allows the column reference to change if the formula is copied to
another cell.
- How do you keep both the column and row fixed? - -A dollar sign before
both the row and column (for example $B$4) will keep the reference fixed for
both the row and column.
- How do you copy a formula down a column and across a row? - -first select
the cell or range, 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
- What is the alternate way to copy a formula only using your keyboard? - -
Another way to copy a formula in Excel is to select the cell with the formula
to be copied, and then press Ctrl-C on your Windows keyboard, click on the
cell you wish to copy to and then press Ctrl-V in Windows. With a MAC, use
the Command key rather than Ctrl
, - What is the easiest way to locate a particular function? - -select a cell and
click on the Insert function button (fx) which can be found under the ribbon
next to the formula bar
- MIN(range) - -finds the smallest value in a range of cells
- MAX(range) - -finds the largest value in a range of cells
- SUM(range) - -finds the sum of values in a range of cells
- AVERAGE(range) - -finds the average or mean of the values in a range of
cells
- COUNT(range) - -finds the number of cells in a range that contains
numbers
- COUNTIF(range, criteria) - -finds the number of cells within a range that
meet a specified criterion
- Net Present Value (NPV) - -measures the worth of a stream of cash flows,
taking into account the time value of money.
- Discount Rate - -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? - -means that the investment will provide added value
because the projected return exceeds the discount rate
- Descriptive analytics - -the most commonly used and most-well
understood type of analytics. Descriptive analytics summarizes data into
meaningful charts and reports, for example, about budgets, sales, revenues,
or cost
- predicitive analytics - -seeks to predict the future by examining historical
data, detecting patterns or relationships in these data, and then
extrapolating these relationships forward in time
- Prescriptive Analytics - -uses optimization to identify the best alternatives
to minimize or maximize some objective
- Data - -used in business decisions need to be reliable and valid
- Reliability - -means that data are accurate and consistent
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