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Author Question: Spreadsheet models are referred to as what-if models because they: a. are mathematical and ... (Read 156 times)

PhilipSeeMore

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on: Jun 24, 2018
Spreadsheet models are referred to as what-if models because they:
 a. are mathematical and logic-based models.
  b. allow easy instantaneous recalculation for a change in model inputs.
  c. come preloaded on computers.
  d. have specialized functions to perform detailed analysis.

Question 2

Summarize the steps of the Deming cycle.


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karmakat49

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Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

a) Plan: Develop a plan for a possible improvement to the product or the process through which the product is made.
b) Do: Apply potential improvement in a small-scale test.
c) Check: Evaluate the change to see if it was successful.
d) Act: Based on results: adopt the plan, abandon the plan, or use the information gained to revise the plan and go through cycle again.


PhilipSeeMore

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Reply #2 on: Jun 24, 2018
Thank you


karmakat49

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Reply #3 on: Jun 24, 2018
No problemo


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