MSIS 3223 QUIZZES WITH CORRECT ANSWERS
(GRADED A)
/. Which of the following would 10 raised to the power of 2 x 5 raised to the power of
3/100 -73 be represented in excel?
a. 10(2) * 5(3) / 100 ^ 73
b. 10^2 * 5^3/100 -73
c. 10*2 ^ 5*3/100 -73
d. 10(2) ^ 5(3) / 100 -73 - Answer-✅B. 10^2 * 5^3/100-73
/.Which of the following is a difference between relative addressing and absolute
addressing when using cell formulas in Excel?
a. A relative address uses just rows and column label in the cell reference; an absolute
address uses a dollar sign before either the row or column label.
b. A relative address uses a dollar sign before either the row or column label; an
absolute address uses just row and column label in the cell reference.
c. A relative address uses a dollar sign before either the row or column label; an
absolute address uses the ampersand symbol before either the row or column label.
d. A relative address uses only the column label in the cell reference; and absolute
address uses the row. - Answer-✅A. A relative address uses just rows 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.
a. Select the cell or range
b. Press Ctrl-Enter
c. Press Ctrl-C
d. Select the whole spreadsheet - Answer-✅A. Select 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.
a. %
b. $
c. Sigma
d. Fx - Answer-✅D. Fx
, /.The Excel function of _______ is used to fund the largest value in a range of cells.
a. SUM(range)
b. MAX(range)
c. COUNT(range)
d. COUNTIF(range, criteria) - Answer-✅B. MAX(range)
/.___________ measures the worth of a stream of cash flows, taking into account the
time value of money.
a. Adjusted present value
b. Internal rate of return
c. Accounting rate of return
d. Net present value - Answer-✅D. Net present value
/.Descriptive analytics:
a. Can predict risk and find relationships in data not readily apparent with traditional
analyses
b. Helps companies classify their customers into segments to develop specific
marketing campaigns
c. Helps detect hidden patterns in large quantities of data to group to group data into
sets to predict behavior
d. Can use mathematical techniques with optimization to make decisions that take into
account the uncertainty in the data - Answer-✅B. Helps companies classify their
customers into segments to develop specific marketing campaigns
/.Predictive analytics:
a. Summarizes data into meaningful charts and reports that can be standardized or
customized
b. Uses data to determine a course of action to be executed in a given situation
c. Detects patterns in historical data and extrapolates them forward in time
d. Identifies the best alternatives to minimize or maximize an objective - Answer-✅C.
Detects patterns in historical data and extrapolates them forward in time
/.Which of the following questions will prescriptive analytics help a company address?
a. What will happen if demand falls by 10% or if supplier prices go up to 5%?
b. What is the best way of shipping goods from their factories to minimize costs?
c. How many and what types of complaints did they resolve?
d. What do they expect to pay for fuel over the next several months? - Answer-✅B.
What is the best way of shipping goods from their factories to minimize costs?
(GRADED A)
/. Which of the following would 10 raised to the power of 2 x 5 raised to the power of
3/100 -73 be represented in excel?
a. 10(2) * 5(3) / 100 ^ 73
b. 10^2 * 5^3/100 -73
c. 10*2 ^ 5*3/100 -73
d. 10(2) ^ 5(3) / 100 -73 - Answer-✅B. 10^2 * 5^3/100-73
/.Which of the following is a difference between relative addressing and absolute
addressing when using cell formulas in Excel?
a. A relative address uses just rows and column label in the cell reference; an absolute
address uses a dollar sign before either the row or column label.
b. A relative address uses a dollar sign before either the row or column label; an
absolute address uses just row and column label in the cell reference.
c. A relative address uses a dollar sign before either the row or column label; an
absolute address uses the ampersand symbol before either the row or column label.
d. A relative address uses only the column label in the cell reference; and absolute
address uses the row. - Answer-✅A. A relative address uses just rows 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.
a. Select the cell or range
b. Press Ctrl-Enter
c. Press Ctrl-C
d. Select the whole spreadsheet - Answer-✅A. Select 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.
a. %
b. $
c. Sigma
d. Fx - Answer-✅D. Fx
, /.The Excel function of _______ is used to fund the largest value in a range of cells.
a. SUM(range)
b. MAX(range)
c. COUNT(range)
d. COUNTIF(range, criteria) - Answer-✅B. MAX(range)
/.___________ measures the worth of a stream of cash flows, taking into account the
time value of money.
a. Adjusted present value
b. Internal rate of return
c. Accounting rate of return
d. Net present value - Answer-✅D. Net present value
/.Descriptive analytics:
a. Can predict risk and find relationships in data not readily apparent with traditional
analyses
b. Helps companies classify their customers into segments to develop specific
marketing campaigns
c. Helps detect hidden patterns in large quantities of data to group to group data into
sets to predict behavior
d. Can use mathematical techniques with optimization to make decisions that take into
account the uncertainty in the data - Answer-✅B. Helps companies classify their
customers into segments to develop specific marketing campaigns
/.Predictive analytics:
a. Summarizes data into meaningful charts and reports that can be standardized or
customized
b. Uses data to determine a course of action to be executed in a given situation
c. Detects patterns in historical data and extrapolates them forward in time
d. Identifies the best alternatives to minimize or maximize an objective - Answer-✅C.
Detects patterns in historical data and extrapolates them forward in time
/.Which of the following questions will prescriptive analytics help a company address?
a. What will happen if demand falls by 10% or if supplier prices go up to 5%?
b. What is the best way of shipping goods from their factories to minimize costs?
c. How many and what types of complaints did they resolve?
d. What do they expect to pay for fuel over the next several months? - Answer-✅B.
What is the best way of shipping goods from their factories to minimize costs?
