Test Bank for Business Analytics, 2/E 2nd Edition James R. Evans

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Business Analytics(Evans)
Chapter 2 Analytics on Spreadsheets
1) Which of the following symbols is used to represent exponents in Excel?
A) ^
B) *
C) #
D) !
Answer: A
Diff: 1
Blooms: Remember
Topic: Basic Excel Skills
LO1: Find buttons and menus in the Excel 2010 ribbon.
LO2: Use a modern software tool to perform statistical calculations.
2) Which of the following ways would 10
2
× 5
3
/ 100 – 73 be represented in an Excel
spreadsheet?
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: C
Diff: 1
Blooms: Understand
Topic: Basic Excel Skills
LO1: Write correct formulas in an Excel worksheet.
LO2: Use a modern software tool to perform statistical calculations.
3) Which of the following is a difference between relative addressing and absolute addressing
when using cell formulas in Excel?
A) 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.
B) A relative address uses a dollar sign before either the row or column label; an absolute
address uses just the row and column label in the cell reference.
C) A relative address uses justthe row and column label in the cell reference; an absolute
address uses a dollar sign before either the row or column label.
D) A relative address uses only the column label in the cell reference; an absolute address uses
the row.
Answer: C
Diff: 2
Blooms: Remember
Topic: Basic Excel Skills
LO1: Apply relative and absoluteaddressing in Excel formulas.
LO2: Use a modern software tool to perform statistical calculations.
Use the data given below to answer the following question(s)
Below is the spreadsheet for demand prediction of a company that sells chocolates.
4) Given that D = a-bP, where D,is demand, “a” and “b,” are linear constants, and P, is price,
from the below spreadsheet, how will the formula in B9 be represented in Excel using relative
addressing?
A) B4-B5*A9
B) C5-C6*A10
C) B4-B5*A10
D) B5-B6*A10
Answer: A
Diff: 2
Blooms: Apply
AACSB: Analytic Skills
Topic: Basic Excel Skills
LO1: Copy formulas from one cell toanother or to a range of cells.
LO2: Use a modern software tool to perform statistical calculations.
5) If a dollar sign is used after the column in B5 (B$5), how will the formula at B8 be
represented in C9 using absolute addressing?
A) C3-B$5*C9
B) C5-C$6*B9
C) C5-C$6*C9
D) C5-C$5*B9
Answer: D
Diff: 2
Blooms: Apply
AACSB: Analytic Skills
Topic: Basic Excel Skills
LO1: Apply relative and absoluteaddressing in Excel formulas.
LO2: Use a modern software tool to perform statistical calculations.
A B C
1
Demand Prediction
Models
2
3 Linear Model
4 A 10,000
5 B 10
6
7 Price Demand
8 $50 9,500
9 $55 9,450
10 $45 9,550
6) If a dollar sign is used before the column label B4 ($B4), how will the formula at B10 be
represented in C11 using absolute addressing?
A) $B5-C6*B11
B) $C5-C6*A10
C) $B4-C5*B11
D) $A5-C6*B11
Answer: A
Diff: 2
Blooms: Apply
AACSB: Analytic Skills
Topic: Basic Excel Skills
LO1: Apply relative and absoluteaddressing in Excel formulas.
LO2: Use a modern software tool to perform statistical calculations.
7) If, in the spreadsheet, cells B9 and B10 were empty, which of the following formulas should
be entered in B8 so that the formula can be dragged to B9 and B10 to obtain their correct values?
A) B4-B5*A8
B) B4-B5*$A8
C) $B4-B5*$A8
D) $B$4-$B$5*$A8
Answer: D
Diff: 2
Blooms: Apply
AACSB: Analytic Skills
Topic: Basic Excel Skills
LO1: Copy formulas from one cell toanother or to a range of cells.
LO2: Use a modern software tool to perform statistical calculations.
8) Using a $ sign before a column label ________.
A) keeps the reference to both the row and column fixed
B) keeps the reference to the row fixed, butallows the column reference to change
C) keeps the reference to column fixed, but allows the row reference to change
D) allows both the row and column references to change
Answer: C
Diff: 1
Blooms: Remember
AACSB: Analytic Skills
Topic: Basic Excel Skills
LO1: Copy formulas from one cell toanother or to a range of cells.
LO2: Use a modern software tool to perform statistical calculations.