Spreadsheet models are referred to as what-if models because ...

[PhilipSeeMore]

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.

[karmakat49]

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]

Thank you

[karmakat49]

No problemo