Before Staring Work on a Spreadsheet, Julie Sketches a Rough

question 38

Multiple Choice

Before staring work on a spreadsheet, Julie sketches a rough draft of how the finished spreadsheet might look. Julie is performing which step of the modeling process?

• A) Plan.
• B) Build.
• C) Test.
• D) Analyze.
• E) None of the answer choices are correct.

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Definitions:

Probability

The quantification of the probability of an event happening, represented by a numerical value ranging from 0 to 1.

Total Income

The sum of all earnings or revenue generated by an individual or entity, including wages, investment returns, and other sources.

Wealth

The total value of all financial assets and physical possessions owned by an individual or entity, minus any liabilities owed.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values.