29 Jul WHAT-IF ANALYSIS ASSESSES THE CHANGE IN OUTPUTS BASED ON A CHANGE IN INPUTS
15 Questions with Correct Answers Question 1 A tornado chart is a form of what-if analyses, which treats multiple inputs at once. Question 2 Business Analysts routinely build and analyze formal models in their professional lives. Question 3 During the problem solving process you can choose between two styles of thinking, convergent and divergent. Question 4 Model Assessment invloves evaluating the results of the model. Question 5 Optimization analysis assess what descision variables achieve the best possible value of an output. Question 6 Outcomes are a result of the descisions made Question 7 The What-if analysis assesses the change in outputs based on a change in inputs. Question 8 The best way to begin the process of building a spreadsheet is to draw an influence chart. Question 9 The multisheet format in Excel is called a Workbook. Question 10 The break-even analysis assesses the change in outputs based on a change in inputs. Question 11 Training which is important to improve the effectiveness of an analyst using spreedsheets is ______. Question 12 Using probability models to examine the uncertainty of data to examine risk is risk analysis. Question 13 When building a spreadsheet you should build everything at once and sort out the parts later rather than building a part at a time. Question 14 When designing a spreadsheet it is best to start by typing everything you know into the spreadsheet and then correcting mistakes rather than planning ahead. Question 15 You should design a spreadsheet in modules to bring together groups of similar items. Typically this modularization begins with the influence chart.
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