Excel Attempts to Guess Which Cells You Want to Include

question 37

True/False

Excel attempts to guess which cells you want to include in the function by looking for ranges that are adjacent to the selected cell and that contain numeric data.

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Definitions:

Trade-offs

The concept of sacrificing one good or action to obtain another, acknowledging that having more of one thing likely means having less of another.

Expected Value

A calculated average of all possible values in a probability distribution, weighted by their respective chances of occurrence.

Expected Utility

The anticipated value of an outcome, calculated by multiplying the utility of the outcome by the probability of its occurrence.

Risk-averse

Characterized by the preference to avoid risk, leading individuals or entities to choose the option with the least risk when faced with uncertain outcomes.