MSIS 3223 Exam 1 Questions and Answers 100% Pass
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? - -10^2^5^3 / 100 - 73
Which of the following is a difference between relative addressing and absolute addr...
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? - -10^2^5^ - 73
Which of the following is a difference between relative addressing and absolute addressing when using
cell formulas in excel? - -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. - -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. - -fx
The Excel function of _________ is used to find the largest value in a range of cells. - -MAX(range)
___________ measures the worth of a stream of cash flows, taking into account the time value of
money. - -Net present value
Descriptive analytics: - -helps companies classify their customers into segments to develop
specific marketing campaigns
Predictive analytics: - -detects patterns in historical data and extrapolates then foward in time
Which of the following question will prescriptive analytics help a company address? - -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? - -visual model
Decision variables: - -can be selected at the discretion of the decision maker
Descriptive decision models: - -describe relationships but do not tell a manager what to do
Prescriptive decision models help: - -decision makers identify the best solution to decision
problems
Which decision model incorporates the process of optimization? - -prescriptive
Which of the following is the first phase in problem solving? - -recognizing the problem
During which phase in problem solving is a formal model often developed? - -structuring the
problem
_________ is a logical function that returns one value if the condition is true and another if the condition
is false. - -IF(condition, value if true, value if false)
In a MATCH function, if the match_type = 0, then _________ - -MATCH finds the first value that is
exactly equal to lookup_value
Which of the following is true about constructing PivotTables? - -Dragging a field into the Report
Filter area allows addition of a third dimension to the analysis
To select a chart type in Excel from the charts group, which tab has to be accessed? - -Insert tab
Roger wants to compare values across categories using vertical rectangles. Which of the following charts
must Roger use? - -Clustered column chart
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