MSIS 3223 Exam 1 – Okstate Questions and Answers
MSIS 3223 Exam 1 – Okstate Questions and Answers
MSIS 3223 Exam 1 – Okstate Questions and Answers
MSIS 3223 Exam 1 – Okstate Questions and Answers
Raised to the power (exponentiation) - ANSWER-^
How would 10 raised to the p...
MSIS 3223 Exam 1 – Okstate Questions
and Answers
Addition in excel - ANSWER-+
Subtraction in Excel - ANSWER--
Multiplication in Excel - ANSWER-*
Division in Excel - ANSWER-/
Raised to the power (exponentiation) - ANSWER-^
How 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 * 5^3/100-73
relative address - ANSWER-A relative address uses just the row and column label in
the cell reference (for example A4 or C23)
absolute address - ANSWER-An absolute address uses a dollars sign ($) before either
the row or column or both (for example $A2, C$23, or $B$15)
How do you keep JUST a row fixed, but not the column? - ANSWER-Using a dollar sign
($) before a row label (for example B$4) keeps the reference fixed to row 4 but allows
the column reference to change if the formula is copied to another cell.
How do you keep both the column and row fixed? - ANSWER-A dollar sign before both
the row and column (for example $B$4) will keep the reference fixed for both the row
and column.
How do you copy a formula down a column and across a row? - ANSWER-first select
the cell or range, 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
What is the alternate way to copy a formula only using your keyboard? - ANSWER-
Another way to copy a formula in Excel is to select the cell with the formula to be
copied, and then press Ctrl-C on your Windows keyboard, click on the cell you wish to
copy to and then press Ctrl-V in Windows. With a MAC, use the Command key rather
than Ctrl
What is the easiest way to locate a particular function? - ANSWER-select a cell and
click on the Insert function button (fx) which can be found under the ribbon next to the
formula bar
, MIN(range) - ANSWER-finds the smallest value in a range of cells
MAX(range) - ANSWER-finds the largest value in a range of cells
SUM(range) - ANSWER-finds the sum of values in a range of cells
predicitive analytics - ANSWER-seeks to predict the future by examining historical data,
detecting patterns or relationships in these data, and then extrapolating these
relationships forward in time
Prescriptive Analytics - ANSWER-uses optimization to identify the best alternatives to
minimize or maximize some objective
Data - ANSWER-used in business decisions need to be reliable and valid
AVERAGE(range) - ANSWER-finds the average or mean of the values in a range of
cells
COUNT(range) - ANSWER-finds the number of cells in a range that contains numbers
COUNTIF(range, criteria) - ANSWER-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-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-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. Descriptive analytics summarizes data into meaningful charts and
reports, for example, about budgets, sales, revenues, or cost
Reliability - ANSWER-means that data are accurate and consistent
Validity - ANSWER-means that data correctly measure what they are supposed to
measure
Model - ANSWER-Many decision models can be formalized
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