Solved

Match Each of the Following What-If Analysis Tools to Its

Question 99

Matching

Match each of the following what-if analysis tools to its most likely use:

Premises:
Scenario Manager
Two-variable data table
Solver
One-variable data table
Goal Seek
Responses:
You want to know how many products your production line can make with the least waste.
You want to compare best-case,worst case and most-likely case scenarios for a business decision.
You want to compare the total interest paid on the lifetime of a loan with varying interest rates and terms.
You want to know what interest rate you need to find to make a loan payment exactly $500 per month.
You want to compare different calculations like monthly payment and total interest paid on a loan with the different interest rates.

Correct Answer:

Scenario Manager
Two-variable data table
Solver
One-variable data table
Goal Seek
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