MSIS FINAL EXAM 3223 ALI OKSTATE.
EXAM QUESTIONS WITH 100%
CORRECT ANSWERS | LATEST
VERSION 2025/2026.
The process of developing good, useful, and correct spreadsheet models is known as
spreadsheet engineering
T/F - ANS True
In predictive modeling, validity refers to how well a model represents reality
T/F - ANS True
Two-way data tables can evaluate only one output variable
T/F - ANS True
Models can capture every detail of a real problem
T/F - ANS False
Verification is the process of ensuring that a model is accurate and free from logical errors
T/F - ANS True
1 | Page @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
, Excel Formula Auditing tools (in the Formulas tab) help you validate the formulas and check for
errors
T/F - ANS True
One useful Excel tool is the data error feature, which allows you to define acceptable input
values in a spreadsheet and provides an error alert if an invalid entry is made
T/F - ANS False
A wide variety of practical problems in business analytics can be modeled using spreadsheets
T/F - ANS True
Which of the following is a visual representation of a descriptive model that shows how the
elements of the model influence, or relate to, others?
Precedence diagram
Influence diagram
Scatter chart - ANS Influence Diagram
Adding more realism to a model reduces its complexity
T/F - ANS False
T/F: as Monte Carlo simulation is essentially statistical sampling, the larger the number of trials
used, the more precise the results. - ANS True
T/F: Uniform or triangular distributions are used in the absence of data. - ANS True
T/F: Risk analysis seeks to examine the impact of uncertain inputs on various outputs. -
ANS True
2 | Page @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
EXAM QUESTIONS WITH 100%
CORRECT ANSWERS | LATEST
VERSION 2025/2026.
The process of developing good, useful, and correct spreadsheet models is known as
spreadsheet engineering
T/F - ANS True
In predictive modeling, validity refers to how well a model represents reality
T/F - ANS True
Two-way data tables can evaluate only one output variable
T/F - ANS True
Models can capture every detail of a real problem
T/F - ANS False
Verification is the process of ensuring that a model is accurate and free from logical errors
T/F - ANS True
1 | Page @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
, Excel Formula Auditing tools (in the Formulas tab) help you validate the formulas and check for
errors
T/F - ANS True
One useful Excel tool is the data error feature, which allows you to define acceptable input
values in a spreadsheet and provides an error alert if an invalid entry is made
T/F - ANS False
A wide variety of practical problems in business analytics can be modeled using spreadsheets
T/F - ANS True
Which of the following is a visual representation of a descriptive model that shows how the
elements of the model influence, or relate to, others?
Precedence diagram
Influence diagram
Scatter chart - ANS Influence Diagram
Adding more realism to a model reduces its complexity
T/F - ANS False
T/F: as Monte Carlo simulation is essentially statistical sampling, the larger the number of trials
used, the more precise the results. - ANS True
T/F: Uniform or triangular distributions are used in the absence of data. - ANS True
T/F: Risk analysis seeks to examine the impact of uncertain inputs on various outputs. -
ANS True
2 | Page @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
