MSIS 3223 EXAM 1 UPDATED ACTUAL
QUESTIONS AND CORRECT ANSWERS
COMPLETE STUDY GUIDE
●● Relative Addressing
Answer: Using just the row/column label in cell references
Example: A2, C5, D10
●● Absolute Addressing
Answer: Using a $ before either the row, column, or both. This makes it
to where it does not change when copied or filed. Use this to keep a row
or column constant.
Example: $A$2, $C5, D$10
●● Using a $ sign before a row label (for example, B$4) keeps the
reference...
Answer: fixed to row 4 but allows the column reference to change if the
formula is copied to another cell.
●● Using a $ sign before a column label (for example, $B4) keeps the
reference to column B..
,Answer: fixed but allows the row reference to change.
●● Using a $ sign before both the row and column labels (for example,
$B$4) keeps the reference to cell B4...
Answer: fixed no matter where the formula is copied.
●● How to copy formulas
Answer: Copy/Paste button in home tab
Ctrl C/V
Drag bottom right corner of cell (fill handle) across a row or column
●● Basic Excel Functions
Answer: =MIN(range)
=MAX(range)
=SUM(range)
=AVERAGE(range)
=COUNT(range) - (must contain numbers)
=COUNTIF(range,criteria)
●● Locating a particular function in Excel
Answer: Formulas - function library
, ●● Net Present Value
Answer: measures the worth of a stream of cash flows, taking into
account the time value of money
=NPV(rate, value1, value2,...)
●● Descriptive Analytics
Answer: Use of data to understand past/current business performance
and make informed decisions. Provides insight into the past.
"What has happened?"
●● Predictive Analytics
Answer: predict the future by examining historical data, detecting
patterns or relationships in these data, and then extrapolating these
relationships forward in time.
"What could happen?"
●● Prescriptive analytics
Answer: identify the best alternatives to minimize or maximize some
objective.
QUESTIONS AND CORRECT ANSWERS
COMPLETE STUDY GUIDE
●● Relative Addressing
Answer: Using just the row/column label in cell references
Example: A2, C5, D10
●● Absolute Addressing
Answer: Using a $ before either the row, column, or both. This makes it
to where it does not change when copied or filed. Use this to keep a row
or column constant.
Example: $A$2, $C5, D$10
●● Using a $ sign before a row label (for example, B$4) keeps the
reference...
Answer: fixed to row 4 but allows the column reference to change if the
formula is copied to another cell.
●● Using a $ sign before a column label (for example, $B4) keeps the
reference to column B..
,Answer: fixed but allows the row reference to change.
●● Using a $ sign before both the row and column labels (for example,
$B$4) keeps the reference to cell B4...
Answer: fixed no matter where the formula is copied.
●● How to copy formulas
Answer: Copy/Paste button in home tab
Ctrl C/V
Drag bottom right corner of cell (fill handle) across a row or column
●● Basic Excel Functions
Answer: =MIN(range)
=MAX(range)
=SUM(range)
=AVERAGE(range)
=COUNT(range) - (must contain numbers)
=COUNTIF(range,criteria)
●● Locating a particular function in Excel
Answer: Formulas - function library
, ●● Net Present Value
Answer: measures the worth of a stream of cash flows, taking into
account the time value of money
=NPV(rate, value1, value2,...)
●● Descriptive Analytics
Answer: Use of data to understand past/current business performance
and make informed decisions. Provides insight into the past.
"What has happened?"
●● Predictive Analytics
Answer: predict the future by examining historical data, detecting
patterns or relationships in these data, and then extrapolating these
relationships forward in time.
"What could happen?"
●● Prescriptive analytics
Answer: identify the best alternatives to minimize or maximize some
objective.
