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MSIS 3223 - Nord - Okstate - Exam 1 Questions With Correct Answers!!
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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 the following is a difference between relative addressing and absolute addressing when using cell formulas in Exc...

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  • November 1, 2024
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  • 2024/2025
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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^ - 73



Which of the following is a difference between relative addressing and

absolute addressing when using cell formulas in Excel? - ANSWERA 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. - ANSWERselect 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. - ANSWERfx



The Excel function of ________ is used to find the largest value in a range of

cells. - ANSWERMAX(range)



________ measures the worth of a stream of cash flows, taking into account

the time value of money. - ANSWERNet present value



Descriptive analytics: - ANSWERhelps companies classify their customers into segments to develop
specific

marketing campaigns.



Predictive analytics: - ANSWERdetects patterns in historical data and extrapolates them forward in
time

, Which of the following questions will prescriptive analytics help a company

address? - ANSWERWhat 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? - ANSWERvisual model



Decision variables: - ANSWERcan be selected at the discretion of the decision maker



Descriptive decision models: - ANSWERdescribe relationships but do not tell a manager what to do.



Prescriptive decision models help: - ANSWERdecision makers identify the best solution to decision
problems.



To select a chart type in Excel from the Charts group, which tab has to be

accessed? - ANSWERInsert tab



Roger wants to compare values across categories using vertical rectangles.

Which of the following charts must Roger use? - ANSWERClustered column chart




Which decision model incorporates the process of optimization? - ANSWERprescriptive



Which of the following is the first phase in problem solving? - ANSWERrecognizing the problem



During which phase in problem solving is a formal model often developed? - ANSWERstructuring the
problem



________ is a logical function that returns one value if the condition is true

and another if the condition is false. - ANSWERIF(condition, value if true, value if false)

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