Spreadsheet Modeling, Excel 2013: Advanced Section: Final

Please download the file final.xlsx and refer to Worksheet A. The standard
deviation (assume that the dataset represents a sample, not a population)
of the quantity sold per transaction is ________.
Round your answer to the nearest whole number, and enter just the
number; e.g., enter 71.5 as 72.

36 错了但不知道正确的是啥 无头绪

For the names listed below you would like to put each person's first name
in Column F and each person's last name in column G. The easiest way to
do this is use the _____________ feature.
Flash fill

Consider the cash flows seen here. The Internal Rate of return on the cash
flows (rounded to the nearest 1%) is ____________.
Enter just the number; e.g., 18%.
25%

You would like to show how the number of faculty at the end of year 10
depends on the quit rate and number of annual hires. We would like for
example, to have cell L10 give the number of Year 10 faculty if we hire 1
faculty member a year and 10% quit each year. Using the information in
the spreadsheets below, what would be the row input cell for a two-way
data table?
Note: If the answer is a formula, there is no need to begin that answer with
=. Please do not put any unnecessary spaces or () in your response.
E3
Consider the cash flows seen here. If we discount cash flows at 10% per
year, the Net Present Value (rounded to the nearest dollar) of these cash
flows as of 4/10/2011 is _____.

392

An airline sells 120 tickets for a flight that seats 100. Each ticket is non-
refundable and costs $200. The unit cost of flying a passenger (fuel, food,
etc.) is $80. If the flight is overbooked, each person who does not find a
seat is given $300 in cash. Assume it is equally likely that any number of
people between 91 and 120 show up for the flight. Rounded to the nearest
thousand (e.g., 18500 rounds to 19000), on the average how much
expected profit (ignoring fixed cost) will the flight generate?
Enter just the number; e.g., 11000.
14000

You would like to show how the number of faculty at the end of year 10
depends on the quit rate and number of annual hires. We would like for
example, to have cell L10 give the number of Year 10 faculty if we hire 1
faculty member a year and 10% quit each year. Using the information in
the spreadsheets below, what would be the column input cell for the two-
way data table?
Please do not put any unnecessary spaces or () in your response.
E4

Please download the file final.xlsx and refer to Worksheet A. Transaction

12 was the ___th largest transaction in terms of the Total.
Enter just the cardinal number; e.g., 9.
64

The value in cell A1 of a spreadsheet is needed to compute the value in

cell E3. The value in cell E3 is needed to compute the value in cell E10.
The value in cell E10 is needed to compute the value in cell A1. This
spreadsheet contains a _______ reference.
circular

In the spreadsheet shown below, we computed profit earned by selling

houses by entering the formula =F8-E8 in cell G8 and copying it down to
G9:G11. We used the word open to denote a house that is not yet sold.
Unfortunately, when a house has not yet been sold our spreadsheet shows
the #VALUE error, because you cannot subtract the buy price from the
word open. We would like to "error trap" Column G so that when a house
has been sold the correct profit has been computed and if the house has
not yet been sold a _ will be entered in Column G. How many of the
following formulas could be entered in cell G8 and copied down to G9:G11
to achieve this goal?

• I. IFERROR(F8-E8,"_ ")
• II. ISERROR(F8-E8," _")
• III. IF(COUNT(G8)>0,F8-E8,"_")
• IV. IFERROR(F8-E8,_)
• V. IFERROR(E8-F8,"_ ")

Just I
Just I and II
Just III
Just I and III
Just IV
Just I and IV
Just I and V

Refer to the screenshot below. Suppose we want to use the Subtotal

feature to create a summary of our sales data that lists the total units sold
by each salesperson in January, followed by the total units sold by each
salesperson in February, etc. What sort order should be implemented
before running the subtotals?
Sort by Month
Sort by Name
Sort by Units Sold
Sort by Name, then Month
Sort by Month, then Name
Sort by Units Sold, then Month

See the screenshot below. What function can be used in cell E5 to find the
unit sales of the person selected in cell E4? (Assume that the range
A1:B20 has been named lookup.)
=LOOKUP(E4,lookup,B,TRUE)
=LOOKUP(E4,lookup,B,FALSE)
=VLOOKUP(E4,lookup,2,TRUE)
=VLOOKUP(E4,lookup,2,FALSE)
=HLOOKUP(E4,lookup,2,TRUE)
=HLOOKUP(E4,lookup,2,FALSE

You want to average the numbers in the range B1:B30. You have named
this range of cells Data and wish to use this range name in your formula.
After typing Average( you should select the ______ key.
F3

You are going to borrow $500,000 to buy a house. Assume an annual

interest rate of 8%. The length of the loan is 30 years and you are making
payments at the end of each month. Your monthly payment is _____.s
Enter just the number (no dollar sign), as a positive number, rounded to
the nearest dollar; e.g., 4218.5 should be entered as 4219.
3669

Cells E5:E12 of the figure below give the actual sales of a product the first
8 years the product was on the market. In column F we want to compute
the cumulative sales for each year. For example, for Year 3 cumulative
sales were 77+58+78 = 213. Which of the following formulas would
efficiently compute cumulative sales if we could copy from F5 to F6:F12?
SUM($E$5:E5)

Please download the file final.xlsx and refer to Worksheet A. The fifth
largest transaction in terms of quantity sold is transaction number ____.
11

Please refer to Worksheet B in the file final.xlsx. The sum of the first digits
of all numbers listed in column A is ____. (For example, the first number
has a first digit of 1.
Enter just the number; e.g., 218.
108

Have you been handed a spreadsheet that contains a formula in cell D10
that computes Year 10 profits. You want to display all cells that are used to
compute Year 10 Profits. You should select which tool from the Ribbon
(two-word answer)?
trace precedents

Cell F7 tells whether or not we own or not own a stock at the beginning of
a day Cell G7 gives the price of the stock at the end of the day. We decide
whether to buy the stock, sell the stock or take no action based on the
following rule:
• If end price >=$50 and we own stock we will sell.
• If end price <=$35 and we do not own the stock we will buy.
• Otherwise we take no action.
Choose the formula that will correctly implement this strategy.
IF(AND(F7="own",G7>=50),"sell",IF(AND(F7="not
own",G7<=35),"buy","none"))

A university begins Year 1 with 80 faculty. They hire 4 faculty each year.
During each year 10% (rounded to the nearest integer) of the faculty
present at the beginning of the year leave the university. For example, in a
year where there are 73 faculty at the beginning of the year, 7 would
leave the university at the end of the year. The university wants to know
how many faculty they will have at the end of year 10. The resulting
spreadsheet can be found below. In cell G9 the first cell address referred to
was cell E9. If the formula is entered in cell G9 and is copied down to
G10:G18, what is it followed by?
-ROUND(E9*$E$3,0)

Please download the file final.xlsx and refer to Worksheet A. The average
(mean) sold per transaction is _________.
Round your answer to the nearest whole number, and enter just the
number; e.g., enter 71.5 as 72.
88

A company has revenue of $1000 in 2009. Our current estimate is that

revenues will grow 25% per year. Our profit each year will equal 20% of
revenue. What annual growth rate (rounded to the nearest 1%) in revenue
would yield a total profit of $15,000 for years 2009-2015 for this situation.
Enter just the number; e.g., 65%.

80%

If you have a pivot table and a pivot chart, each will respond to changes
made in the other; e.g., if you filter the pivot table to show only sales
made in the East, the pivot chart will automatically display only East sales
as well.

True
plisted below you would like to put each person's first name in Column F
and each person's last name in column G. The easiest way to do this is use
the _____________ feature.

Flash Fill

Refer to the screenshot below. Which of the following is another way of

retrieving the appropriate value for unit sales, given a name entered in
cell E4?

=INDEX(B2:B20, MATCH(E4,A2:A20,0))

Refer to the screenshot below. Suppose we would like to create a drop-

down box in cell E4 so that the user could enter a name by selecting the
name from a list. One way of accomplishing this would be via the _________
(two-word answer) feature from the Ribbon.

Data validation

Based on the influence chart below, what are the decision variable(s) for
this model?

Price

A company produces 3 products that use labor and raw material. The labor
usage, raw material usage, and profit per pound produced of each product
are seen below. 500 hours of labor and 300 pounds of raw material are
available. If fractional pounds of each product can be produced, what is
the maximum profit the company can earn (rounded to the nearest
dollar)?

Assume demand for each product is unlimited. Enter just the number; e.g.,
450.

600
Please download the file final.xlsx and refer to Worksheet B. The sum of
the second digits of all numbers listed in column A is ___. (For example,
the second number listed has a second digit of 4.)

Enter just the number; e.g., 91.

138

We have created 50 range names and want to delete 10 of the range

names. We should go to the ______ button.
Name manager

What function can be used in cell G8 to compute total revenue?

=SUMPRODUCT(G3:G6,H3:H6)

Based on the influence chart below, in order to compute revenue, it is

sufficient to know the values of _____ and _____.
Demand...Price

Suppose you want to count the number of nonblank cells in the cell range
A1:D100. What formula (using only a single Excel function) would you use?

Include the equal sign at the beginning—for example, =SUM(A1:A24)—but

do not include any unnecessary spaces or parentheses in your response.

=COUNTA(A1:D100)

Four relatives are going to give you money for your birthday. The amount
each relative gives you is equally likely to be any number between $0 and
$200. The chance that the total amount of money you receive is at most
$300 is ______.

Select the number closest to the following choices.

0.20

You are given the three dates shown below. If you add up the year in which
each date occurred and the month in which each date occurred what is
your total? For example, if a date were in August 2005 the date would
contribute 2005 +8 to our total sum.ss

Enter just the number; e.g., 2780.

6024

Suppose you have listed Le Napoleon's monthly sales of pear tortes in a

twelve-sheet workbook. The first worksheet contains January sales, the
second worksheet February sales, etc. The pear torte sales are always
listed in cell F7.

What multi-sheet (three-dimensional) formula would give the total pear

torte sales for the months March-July, inclusive? Assume that each
worksheet is named with the month name only, spelled out in full.

Include the equal sign at the beginning—for example, =SUM(A1:A24)—but

do not include any unnecessary spaces or parentheses in your response.
Also do not anchor any cells—i.e., do not use any $ characters.

=SUM(MARCH:JULY!F7)

Refer to the screenshot below. What function can be used in cell G3 (and
then copied through the range G3:L9) to summarize the total number of
transactions (assume that each row in the dataset represents one
transaction) by month and salesperson? Again assume that the three
columns of the dataset have been named Name, Month, and Units_Sold.

=COUNTIFS(Name,$F3,Month,G$2)
See the screenshot below. What function can be used in cell G3 (and then
copied through the range G3:L9) to summarize the total number of units
sold by month and salesperson? Assume that the three columns of the
dataset have been named Name, Month, and Units_Sold.

=SUMIFS(Units_Sold,Month,G$2,Name,$F3)

If you forget to create a pivot chart at the same time as a pivot table, you
need to start over and re-create the pivot table to be able to add a pivot
chart.

False

A company produces products at 2 plants each of which have a capacity of

producing 75 units. 50 units of each product must be shipped to each of
three customers. We know the cost of shipping a unit of the product from
each plant to each customer. Our goal is to minimize the total cost of
shipping the needed units to the customers. If we use the Excel Solver to
try and minimize the total cost of meeting customer demand we will need
how many variable cells?

Please download the file final.xlsx and refer to Worksheet B for the
following question. How many of the listed numbers have a first digit less
than or equal to 4?

Enter just the number; e.g., 76.

25

Refer to the screenshot below. Suppose you want to use a pivot table to
summarize units sold by month, with each salesperson’s name listed in a
separate row and each month listed in a separate column. Identify the
fields that should appear in the Rows, Columns, and Values portion of the
Pivot Table Areas section.
Rows: Name; Columns: Month; Values: Units Sold

Suppose we want to highlight the year number for each year during which
sales were at least 5% higher than the previous year. We would begin by
selecting the cell range D6:D12 and choose Conditional Formatting from
the Ribbon. Then you would select new rules followed by the Use a
Formula option. Finally you would enter the following formula.

(E6/E5)>1.05

Suppose cell B10 contains the price of a stock in 5 months. Consider a 5

month European call option with an exercise price of $40. The value of the
call option in 5 months is $0 if the stock price in 5 months is <=$40.
Otherwise the value of the call option in 5 months is the Stock Price in 5
months - 40. How many of the following formulas will yield the correct
value of the call option?

• I. IF(B10>40,40-B10,0)

• II. IF(B10>40, B10-40,0)

• III. MAX(B10-40,0)

• IV. MIN( 0, 40-B10)

II and III

Based on the influence chart below, what is the outcome measure for this
model?

Profit

You would like to show how the number of faculty at the end of year 10
depends on the quit rate and number of annual hires. We would like for
example, to have cell L10 give the number of ending Year 10 faculty if we
hire 1 faculty member a year and 10% quit each year. Using the
information in the spreadsheets below, what formula would be entered in
cell J9?

Please do not put any unnecessary spaces or () in your response.

=G18