Which of the Following Tools Is Used to Create Decision

question 5

Multiple Choice

Which of the following tools is used to create decision trees in Excel?

• A) MegaStat
• B) Analytic Solver Platform
• C) Arena
• D) Data Analysis

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Definitions:

Basket Of Goods

This term refers to a fixed set of consumer products and services valued on a regular basis for the purpose of tracking inflation in an economy.

CPI

The Consumer Price Index, which measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

Proportion

An element, division, or percentage judged in comparison to its complete sum.

Ratio

A mathematical relationship between two numbers showing how many times the first number contains the second.