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Advantage Series MS Office XP Excel 2002
Advantage Series: Microsoft® Excel 2002
Sarah Hutchinson-Clifford
Glen Coulthard

Decision-Making Using Excel

Hands-On Exercises

Dave Beauvais, Super User: Creating a Two-Input Data Table

Dave is considering buying a car. Currently, he can afford a $200 car payment and a $500 down payment. He has decided to create a two-input data table to see how expensive a car he can purchase based on what kind of rate he can get on a car loan. Assume the role of Dave and perform the steps that he identifies.

  1. Open the EX09XTRA01 Excel file.
  2. Save the file as "Dave’s Car" to your personal storage location.
  3. Define a series of possible car prices in cells E1 through J1.
  4. SELECT: cell E1

    TYPE: 6000

    SELECT: cell F1

    TYPE: 7000

  5. Use the fill handle to complete the series to cell J1.
  6. SELECT: the cell range from E1 to F1

    DRAG: the fill handle to cell J1 or until the ScreenTip shows "11000,"as shown in Figure 9.1

    Figure 9.1

    Preparing a two-input data table

    <a onClick="window.open('/olcweb/cgi/pluginpop.cgi?it=gif:: ::/sites/dl/free/0072470941/26807/ECh09_acq_Image1.gif','popWin', 'width=NaN,height=NaN,resizable,scrollbars');" href="#"><img valign="absmiddle" height="16" width="16" border="0" src="/olcweb/styles/shared/linkicons/image.gif"> (24.0K)</a>

  7. Now, define a set of possible loan rates in cells D3 through D20
  8. SELECT: cell D3

    TYPE: 1%

    SELECT: cell D4

    TYPE: 2%

    Use the fill handle to complete the series to cell D20 or until the ScreeenTip shows "18%"

  9. Now enter a reference to the outcome formula in the top left-hand corner of the data table:
    SELECT: cell D2
    TYPE: =b6
    PRESS: Enter key
  10. To create the data table:
    SELECT: cell range from D2 to J20
    CHOOSE: Data, Table
    The Table dialog box appears.
  11. On your own, move the Table dialog box so that the input cells are visible. Then, do the following:
    CLICK: in the Row input cell text box
    CLICK: cell B2
    CLICK: in the Column input cell text box
    CLICK: cell B4
  12. CLICK: OK command button to proceed
    The values for the data table are calculated and then displayed.
  13. On your own, format the data table to appear similar to Figure 9.2.
  14.  

    Figure 9.2

    A two-input data table

    <a onClick="window.open('/olcweb/cgi/pluginpop.cgi?it=gif:: ::/sites/dl/free/0072470941/26807/ECh09_acq_Image3.gif','popWin', 'width=NaN,height=NaN,resizable,scrollbars');" href="#"><img valign="absmiddle" height="16" width="16" border="0" src="/olcweb/styles/shared/linkicons/image.gif"> (25.0K)</a>

  15. Save and then close the workbook.

Data File: ex09xtra01 (13.0K)


Waxing Nostalgic Records: Using Scenarios

Al Lincoln, the owner of Waxing Nostalgic Records, is considering raising the price of the used records in his bargain bin. Based on previous experience, he guesses that he will lose about 10% of his monthly sales if he raises the price $1 and about 40% of his monthly sales if he raises the price $2. He decides to use Excel’s Scenario Manager to help find what would be best from a profit standpoint. Assume the role of Al and perform the steps that he identifies.

  1. Open the EX09XTRA02 Excel file.
  2. Save the worksheet as "Bargain Bin" to your personal storage location.
  3. CHOOSE: Tools, Scenarios
    The Scenario Manager dialog box appears with a message stating that no scenarios are yet defined.
  4. To add a new scenario that describes the union’s demands:
    CLICK: Add command button
    The Add Scenario dialog box appears, as shown in Figure 9.3.
  5.  

    Figure 9.3

    Add Scenario dialog box

    <a onClick="window.open('/olcweb/cgi/pluginpop.cgi?it=gif:: ::/sites/dl/free/0072470941/26807/ECh09_acq_Image4.gif','popWin', 'width=NaN,height=NaN,resizable,scrollbars');" href="#"><img valign="absmiddle" height="16" width="16" border="0" src="/olcweb/styles/shared/linkicons/image.gif"> (7.0K)</a>

  6. In the Scenario name text box:
    TYPE: Raise by $1
    PRESS: Tab key
  7. In the Changing cells text box, replace the current selection by entering the following cells:
    TYPE: B3,B5
  8. You must now define the input values for each of the changing cells:
    CLICK: OK command button
  9. To enter the scenario variables:
    TYPE: 900 in the 1: NumberSold text box
    PRESS: Tab key
    TYPE: 4.00 in the 2: RecordPrice text box
    CLICK: OK command button
  10. To create a second scenario:
    CLICK: Add command button
    The Add Scenario dialog box reappears.
  11. TYPE: Raise by $2 in the Scenario name text box
    CLICK: OK command button
    The Scenario Values dialog box appears.
  12. Enter the values for the management proposal:
    TYPE: 600 in the 1: NumberSold text box
    PRESS: Tab key
    TYPE: 5.00 in the 2: RecordPrice text box
  13. To complete the dialog box:
    CLICK: OK command button
    The Scenario Manager dialog reappears with two scenarios called "Raise by $1" and "Raise by $2."
  14. To show the "Raise by $2" scenario:
    SELECT: "Raise by $2" in the Scenarios list box
    CLICK: Show command button
  15. Practice showing the two different scenarios using the Show command button.
  16. Save and then close the document.

Data File: ex09xtra02 (13.0K)


Saganaki Motors Computer Help Desk: Creating a PivotTable

Richard Brown is the head of the Saganaki Motors Computer Help Desk. His department is required to log all calls so that the Help Desk services can be billed to individual departments. In this exercise, Richard will create a PivotTable to summarize one day’s log sheet. Assume the role of Richard and perform the steps that he identifies.

  1. Open the EX09XTRA03 Excel file and save it to your personal storage location as "Help Desk Report".
  2. Launch the PivotTable and PivotChart Wizard.
  3. In the wizard, select the options required to create a PivotTable report on a new worksheet. Your screen should now appear similar to Figure 9.4
  4. Figure 9.4

    Creating a PivotTable

    <a onClick="window.open('/olcweb/cgi/pluginpop.cgi?it=gif:: ::/sites/dl/free/0072470941/26807/ECh09_acq_Image6.gif','popWin', 'width=NaN,height=NaN,resizable,scrollbars');" href="#"><img valign="absmiddle" height="16" width="16" border="0" src="/olcweb/styles/shared/linkicons/image.gif"> (15.0K)</a>

  5. Using the PivotTable Field List window, drag the Name field item to the "Drop Column Fields Here" area. Then, drag the Dept field item to the "Drop Column Fields Here" area.
  6. Drag the Time To Solve field item into the data area.
  7. Customize the Time To Solve data field so that the worksheet shows the sum of Time To Solve. Reformat the Time To Solve data cells to a time format. Your PivotTable should now resemble the one in figure 9.5.
  8. Figure 9.5

    Complete PivotTable

    <a onClick="window.open('/olcweb/cgi/pluginpop.cgi?it=gif:: ::/sites/dl/free/0072470941/26807/ECh09_acq_Image7.gif','popWin', 'width=NaN,height=NaN,resizable,scrollbars');" href="#"><img valign="absmiddle" height="16" width="16" border="0" src="/olcweb/styles/shared/linkicons/image.gif"> (6.0K)</a>

  9. Save and then close the file.

Data File: ex09xtra03 (25.0K)





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