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What role can Excel play in decision-making

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Reference no: EM133185075

1. What role can Excel play in decision-making? Explain

2. Describe the general model of problem-solving presented in the text. What are the three main phases and the different analysis steps involved? Explain

3. What should you consider before building a spreadsheet model? Explain

4. Give an example of each of the following: a quantitative basis for making a decision and a qualitative basis for making a decision. Explain

5. Describe a situation in which having access to large amounts of information had a positive impact on your decision-making. Explain

6. What is the relationship between problem solving and decision making? Explain.

7. Define what a knowledge worker is and discuss the significance of the knowledge worker in today's business world. Explain

8. Describe a time you have performed a what-if analysis? Explain.

9. Describe a situation in which having access to large amounts of information had a negative impact on your decision-making. Explain

10. Define and differentiate between the terms information and data. Explain

Reference no: EM133185075

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