In General, an Excel Application Supports Your Decisions by Allowing

question 61

Short Answer

In general, an Excel application supports your decisions by allowing you to perform what-if ____________________ and other types of data analysis to model business situations.

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Definitions:

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of data, commonly using the mean, median, or mode.

Measures

Quantitative or qualitative tools used to assess, evaluate, or quantify variables of interest in research, testing, and evaluation.

Description

A detailed account or explanation of an object, person, or event.

Observable

Something that can be seen or noticed by others, often used in the context of behaviors or phenomena that can be directly witnessed.