4/29/10 Class 20 Reaction

We went over the first excel assignment and I learned a couple new things, such as the 2 components in the what-if analysis: goal seeking and scenario manager. I don't know a lot about excel, except for the few basic things we learned in the Business Stats course. So I know how to find averages, standard deviation, the mean, and some other formulas, but I never knew about this what-if analysis.

I feel that now that I know about this data tool, I will definitely use it more often, especially for later on in the future. It is so simple to use, but yet so effective.

Another new thing I learned in class was using the dollar signs (ie, $B$2) to tell excel that it cannot change to another column or row when you want to click and drag to compute the other values. It has to stay in that cell. We were taught it in Stats, but I never fully understood its purpose.

I like doing these homeworks because it allows me to put everything that I am actually learning in the lectures into some real life situation. It helps keep me focused, where as with lectures I can sometimes drift in and out.




I have one more question, but it is about the final exam......What chapters are going to be covered on it? Just chapter 10?