MSIS 3223 Exam 1 (Appendix A1, Ch. 1-4) With Verified Questions & 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 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.
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.
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.
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.
decision - ANSWER: Many _____ models can be formalized using a model.
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