Exploring Excel Chapter 3 Spreadsheets in Decision Making: What If? By Robert T. Grauer Maryann Barber Exploring Microsoft Office 2000 - Exploring Excel Chapter 3

Exploring Microsoft Office 2000 - Exploring Excel Chapter 3 Objectives (1 of 2) Use spreadsheets in decision making; use Goal Seek and Scenario Manager Use PMT function Use Paste Function Use fill handle and AutoFill capability Use pointing to create a formula Exploring Microsoft Office 2000 - Exploring Excel Chapter 3

Exploring Microsoft Office 2000 - Exploring Excel Chapter 3 Objectives ( 2 of 2) Use AVERAGE, MAX, MIN, and COUNT functions in a worksheet Use the IF function to implement a decision and explain how the VLOOKUP function is used Print and view large spreadsheets Exploring Microsoft Office 2000 - Exploring Excel Chapter 3

Exploring Microsoft Office 2000 - Exploring Excel Chapter 3 Overview Learn to use spreadsheets as a tool in decision making Use financial and statistical functions Calculate different results with the Goal Seek command Choose between multiple sets of assumptions with Scenario Manager Use relative and absolute cell references Exploring Microsoft Office 2000 - Exploring Excel Chapter 3

Exploring Microsoft Office 2000 - Exploring Excel Chapter 3 Analysis of a Car Loan Can I afford it? How do I calculate for: rebates down payments interest rates years of loan Exploring Microsoft Office 2000 - Exploring Excel Chapter 3

Exploring Microsoft Office 2000 - Exploring Excel Chapter 3 Analysis of a Car Loan Set up a worksheet template with initial conditions Use a PMT function which requires interest rate/period, number of periods, and amount of loan Use Goal Seek to set an end result Exploring Microsoft Office 2000 - Exploring Excel Chapter 3

Exploring Microsoft Office 2000 - Exploring Excel Chapter 3 Hands-On Exercise 1 Enter Descriptive Labels Enter PMT function What If? The Goal Seek Command The Goal Seek Command continued Exploring Microsoft Office 2000 - Exploring Excel Chapter 3

Exploring Microsoft Office 2000 - Exploring Excel Chapter 3 Setting up Goal Seek Establish PMT interest rate term down payment Use Goal Seek change result changing one variable Exploring Microsoft Office 2000 - Exploring Excel Chapter 3

Getting the most from Excel Relative versus Absolute addressing in a worksheet Using the fill handle to copy Pointing to cell address for formulas or functions is more accurate Using the Paste Function and the Formula Palette Exploring Microsoft Office 2000 - Exploring Excel Chapter 3

Exploring Microsoft Office 2000 - Exploring Excel Chapter 3 Hands-On Exercise 2 Enter the Descriptive Labels and Initial Conditions The Spell Check The Fill Handle Determine the 30-Year Payments The Formula Palette Copy the 15-Year Payments Compute the Monthly Difference (Pointing) The Finishing Touches Print the Worksheet Exploring Microsoft Office 2000 - Exploring Excel Chapter 3

Variable Mortgage Rates Exploring Microsoft Office 2000 - Exploring Excel Chapter 3

Using Functions in Excel Statistical Functions--MAX,MIN, AVERAGE, COUNT and COUNTA Use functions over arithmetic expressions IF function enhances decision making VLOOKUP(vertical lookup) Function and its use Exploring Microsoft Office 2000 - Exploring Excel Chapter 3

Managing Large Worksheets Scrolling shows specific rows and columns Freezing Panes allows headings to be seen while scrolling AutoFill capability enter series into adjacent cells Scenario Manager enables evaluation of multiple conditions Exploring Microsoft Office 2000 - Exploring Excel Chapter 3

Exploring Microsoft Office 2000 - Exploring Excel Chapter 3 Hands-On Exercise 3 Open the Expanded Grade Book The AutoFill Capability Format the Social Security Numbers Scrolling and Freezing Panes The IF Function The VLOOKUP Function Copy the IF and VLOOKUP Functions Exploring Microsoft Office 2000 - Exploring Excel Chapter 3

Hands-On Exercise 3 cont’d Statistical Functions Shortcut Menu Create the No Curve Scenario Add the Curve Scenario View the Scenarios Print the Worksheet Exploring Microsoft Office 2000 - Exploring Excel Chapter 3

Exploring Microsoft Office 2000 - Exploring Excel Chapter 3 Finished Grade Book Exploring Microsoft Office 2000 - Exploring Excel Chapter 3

Exploring Microsoft Office 2000 - Exploring Excel Chapter 3 Summary (1 of 2) Financial functions (PMT) Statistical functions (MAX, MIN, AVERAGE, and COUNT) Decision making functions (IF and VLOOKUP) Copy using fill handle Point to build a formula Exploring Microsoft Office 2000 - Exploring Excel Chapter 3

Exploring Microsoft Office 2000 - Exploring Excel Chapter 3 Summary (2 of 2) Scroll & Freeze Panes to view large spreadsheet Tool for Decision Making using the Goal Seek and Scenario Manager Isolate initial assumptions Print worksheet with values and formulas Exploring Microsoft Office 2000 - Exploring Excel Chapter 3

Exploring Microsoft Office 2000 - Exploring Excel Chapter 3 Practice With Excel Startup Airlines Hot Spot Software Distributors Object Linking and Embedding Grouping and Outlines Amortization Table Compound Document Mortgage Calculator Professor’s Template Exploring Microsoft Office 2000 - Exploring Excel Chapter 3

Exploring Microsoft Office 2000 - Exploring Excel Chapter 3 Case Studies The Financial Consultant Compensation Analysis The Automobile Dealership The Lottery A Penny a Day Data Tables The Power of Compound Interest Exploring Microsoft Office 2000 - Exploring Excel Chapter 3