What Is the Purpose of an Excel What-If Scenario

question 25

Multiple Choice

What is the purpose of an Excel What-if scenario?

• A)A two-variable goal seek tool
• B)Any what-if analysis
• C)A tool that changes one variable through several iterations
• D)Detailed set of values that represent different possible situations

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Definitions:

Bureau of Labor Statistics

The Bureau of Labor Statistics is a unit of the United States Department of Labor, responsible for collecting and analyzing economic data related to labor market activity, working conditions, and price changes.

Unemployment Rates

The part of the labor force that finds itself unemployed and is in search of job opportunities.

Adult Population

The segment of the population that is 18 years and older; often used in statistics such as employment or eligibility for voting.

Age

The length of time that a person or object has existed.