1. Exploring Microsoft Excel 97 Chapter 3 Spreadsheets in Decision Making: What If? Office graphic copyright by Microsoft Corp.

2. Exploring Excel 97 Chapter 32 Objectives (1 of 2) 4 Use spreadsheets in decision making; use Goal Seek and Scenario Manager 4 Use PMT function 4 Use Paste Function 4 Use fill handle and AutoFill capability 4 Use pointing to create a formula

3. Exploring Excel 97 Chapter 33 Objectives (2 of 2) 4 Use Average, Max, Min, and Count functions in a worksheet 4 Use the If function to implement a decision and explain how the Vlookup function is used 4 Print and view large spreadsheets

4. Exploring Excel 97 Chapter 34 Overview 4 Spreadsheets are a tool for decision making 4 Use financial and statistical functions 4 Find desired end results with the Goal Seek command 4 Choose between solutions with Scenario Manager 4 Use relative and absolute cell references

5. Exploring Excel 97 Chapter 35 Using a Worksheet for Analyzing a Car Loan 4 Set up a worksheet template with initial conditions 4 Use a PMT function which requires interest rate/period, number of periods, and amount of loan 4 Use Goal Seek to set an end result

6. Exploring Excel 97 Chapter 36 Excel 97 Screen

7. Exploring Excel 97 Chapter 37 Analysis of a Car Loan Hands-On Exercise 1 4 Enter Descriptive Labels 4 Enter PMT function 4 What If 4 The Goal Seek Command 4 The Goal Seek Command continued

8. Exploring Excel 97 Chapter 38 Excel Features 4 Relative versus Absolute addressing in a worksheet 4 Using the fill handle to copy 4 Pointing to cell address for formulas or functions is more accurate 4 Using the Paste Function and the Formula Palette

9. Exploring Excel 97 Chapter 39 Mortgage Analysis Hands-On Exercise 2 4 Enter the Descriptive Labels and Initial Conditions 4 The Spell Check 4 The Fill Handle 4 Determine the 30-Year Payments 4 The Formula Palette 4 Copy the 15-Year Payments 4 Compute the Monthly Difference (Pointing) 4 The Finishing Touches 4 Print the Worksheet

10. Exploring Excel 97 Chapter 310 Using Functions 4 Statistical Functions-- MAX,MIN, AVERAGE, COUNT and COUNTA 4 Use functions over arithmetic expressions 4 IF function enhances decision making 4 VLOOKUP(vertical lookup) Function and its use

11. Exploring Excel 97 Chapter 311 Managing a Large Worksheet 4 Scrolling shows specific rows and columns 4 Freezing Panes keeps headings in sight 4 AutoFill capability enter series into adjacent cells 4 Scenario Manager enables evaluation of multiple conditions

12. Exploring Excel 97 Chapter 312 The Expanded Grade Book Hands-On Exercise 3 4 Open the Extended Grade Book 4 The AutoFill Capability 4 Format the Social Security Numbers 4 Scrolling and Freezing Panes 4 The IF Function 4 The VLOOKUP Function 4 Copy the IF and VLOOKUP Functions 4 Statistical Functions 4 Shortcut Menu 4 Create the No Curve Scenario 4 Add the Curve Scenario 4 View the Scenarios 4 Print the Worksheet

13. Exploring Excel 97 Chapter 313 Chapter 3 Summary (1 of 2) 4 Financial functions (PMT) 4 Statistical functions (Max, Min, Average,and Count) 4 Decision making functions (IF and Vlookup) 4 Copy using fill handle 4 Point to build a formula

14. Exploring Excel 97 Chapter 314 Chapter 3 Summary (2 of 2) 4 Scroll & Freeze Panes to view large spreadsheet 4 Tool for Decision Making using the Goal Seek and Scenario Manager 4 Isolate initial assumptions 4 Print worksheet with values and formulas

15. Exploring Excel 97 Chapter 315 Practice with Excel 1. Startup Airlines 2. Hot Spot Software Distributors 3. Object Linking and Embedding 4. Scenario Summary 5. Amortization Schedule 6. Compound Document 7. Mortgage Calculator

16. Exploring Excel 97 Chapter 316 Case Studies 4 The Financial Consultant 4 Compensation Analysis 4 The Automobile Dealership 4 The Lottery 4 A Penny a Day 4 Data Tables