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MSIS 3223 Exam 1 (Appendix A1, Ch. 1-4) Questions And Corrrect Answers.
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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 si...

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  • October 31, 2024
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MSIS 3223 Exam 1 (Appendix A1, Ch. 1-
4) Questions And Corrrect Answers.
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.



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.

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