MSIS 3223 - Nord - Okstate - Exam 1 Questions With Correct Answers
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Course
MSIS 3223
Institution
MSIS 3223
EXAM STUDY MATERIALS July 26, 2024 9:30 AM
MSIS 3223 - Nord - Okstate - Exam 1
Questions With Correct Answers
Which of the following ways would 10 raised to the power of 2 × 5 raised to
the power of 3/ 100 - 73 be represented in an Excel spreadsheet? - answer10^2 * 5^3 / 100 -
73
Which of th...
MSIS 3223 - Nord - Okstate - Exam 1
Questions With Correct Answers
Which of the following ways would 10 raised to the power of 2 × 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 them forward
in time
Which of the following questions will prescriptive analytics help a company
EXAM STUDY MATERIALS July 26, 2024 9:30 AM
, 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.
Prescriptive decision models help: - answer✔✔decision makers identify the best solution to
decision problems.
Which decision model incorporates the process of optimization? - answer✔✔prescriptive
Which of the following is the first phase in problem solving? - answer✔✔recognizing the
problem
During which phase in problem solving is a formal model often developed? -
answer✔✔structuring the problem
________ is a logical function that returns one value if the condition is true
and another if the condition is false. - answer✔✔IF(condition, value if true, value if false)
In a MATCH function, if the match_type = 0, then ________. - answer✔✔MATCH finds the
first value that is exactly equal to lookup_value
Which of the following is true about constructing PivotTables? - answer✔✔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? - answer✔✔Insert tab
Roger wants to compare values across categories using vertical rectangles.
Which of the following charts must Roger use? - answer✔✔Clustered column chart
Which of the following charts provides a useful means for displaying data
over time? - answer✔✔Line Chart
Philip wishes to understand the relative proportion of each data source to the
EXAM STUDY MATERIALS July 26, 2024 9:30 AM
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