Vocabulary and Functions
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
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| A process of changing values to see how those changes affect the outcome of formulas in an Excel worksheet. | What-if Analysis
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| A type of what-if analysis that concentrates on an activity at or around the point at which a product breaks even - in other words, the point at which the expenses of creating and selling the product are equal to the revenue it produces; where P=$0. | Break-Even Analysis
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| A type of what-if analysis that attempts to examine how sensitive the results of an analysis are to changes in the assumptions. | Sensitivity Analysis
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| A type of data table that has only one input cell and many result cells. | One-Variable Data Table
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| A type of data table that has two input cells, but only one result cell. | Two-Variable Data Table
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| A set of values stored in a worksheet that describes different situations, such as worst-case, likely case, and best-case, or the result of a Solver model, that is saved in a worksheet so you can load and review it later. | Scenario
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| A tool in Excel that allows you to create, edit, and summarize scenario models. | Scenario Manager
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| The function used to sum a series of products. | SUMPRODUCT Function
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