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9780619267407

Succeeding in Business with Microsoft Office Excel 2003: A Problem-Solving Approach

by
  • ISBN13:

    9780619267407

  • ISBN10:

    0619267402

  • Edition: CD
  • Format: Paperback
  • Copyright: 2005-03-15
  • Publisher: Cengage Learning
  • Purchase Benefits
List Price: $170.95

Summary

Succeeding in Business with Microsoft Excel 2003: A Problem-Solving Approach prepares students to analyze data and solve real-life business problems using Microsoft Excel as a tool. Moving beyond the basic ?point and click? focus of most computer applications texts, it challenges students to use critical thinking and analysis to find efficient and effective solutions to real-life situations.

Table of Contents

Preface xiv
Getting the Most Out of Succeeding in Business With Microsoft Office Excel 2003 xv
The Succeeding in Business Instructor Resources xvi
Succeeding in Business Series Walk-Through xviii
About the Authors xxii
Author Acknowledgements xxiii
Introduction: Introduction to Problem Solving and Decision Making with Microsoft Office Excel 2003
2(16)
About This Book and Microsoft Office Excel 2003
3(1)
The Relationship Between Problem Solving and Decision Making
4(1)
Information Overload
4(1)
Which Comes First: The Problem or the Decision?
5(1)
A Problem-Solving Process
6(1)
Problem Recognition
7(1)
Problem Statement
8(1)
Solution
8(4)
Problem Solving in This Book
12(1)
Skills Training
13(1)
Case Scenario
14(1)
The Company
14(1)
The Brand
14(1)
Key Players
14(1)
Company Goal: Expand the Product Line
15(1)
How Is Excel Used at TheZone?
15(1)
Chapter Summary
16(1)
Conceptual Review
16(2)
Applying Fundamental Excel Skills and Tools in Problem Solving
18(54)
Level 1: Identifying and Correcting Common Errors in Formatting and Formulas
20(16)
Excel 2003 Skills Training (powered by SAM)
20(1)
Examining a Basic Worksheet for Errors
20(2)
Correcting Formatting Problems
22(1)
Modifying Column Width
22(1)
Checking Error Messages
22(1)
Formatting Numbers
23(2)
Inserting a Title
25(2)
Correcting Errors in Formulas
27(2)
Checking Simple Formulas for Accuracy
29(1)
Using Formulas and Cell References Instead of Values
29(1)
Determining Order of Precedence
30(1)
Understanding Precision Versus Display
30(3)
Checking Accuracy in Formula Updates
33(2)
Steps To Success: Level 1
35(1)
Level 2: Calculating and Comparing Data Using Simple Functions
36(12)
Excel 2003 Skills Training (powered by SAM)
36(1)
Working with Multiple Worksheets
37(1)
Calculating Totals using the Sum Function
38(2)
Calculating Quickly with AutoSum
40(1)
Calculating Average, Minimum, and Maximum Values
41(3)
Calculating the Number of Values using the Count and Counta Functions
44(1)
Steps To Success: Level 2
45(3)
Level 3: Analyzing Cell References When Writing and Copying Formulas
48(15)
Excel 2003 Skills Training (powered by SAM)
48(1)
Creating a Budget Workbook
48(1)
Organizing the Workbook
49(3)
Understanding Relative Cell Referencing
52(2)
Understanding Absolute and Mixed Cell Referencing
54(4)
Naming a Cell or Cell Range
58(1)
Writing a Formula to Subtotal the Cost of Goods Sold
58(1)
Writing a Formula to Calculate Selling Expense
59(1)
Writing a Formula to Calculate Projected Earnings
59(1)
Completing the Budget Workbook
60(1)
Steps To Success: Level 3
61(2)
Chapter Summary
63(9)
Conceptual Review
64(2)
Case Problems
66(1)
Level 1 -- Purchasing a Computer for Grusee & Associates
66(2)
Level 2 -- Compiling Relocation Information for Devcon Finn, Inc.
68(1)
Level 3 -- Analyzing Regional Sales Information for CKG Auto
69(3)
Solving Problems with Statistical Analysis Tools
72(74)
Level 1: Using Statistical Functions to Compare Data Values
74(22)
Excel 2003 Skills Training (powered by SAM)
74(1)
Understanding Fundamentals of Statistics
74(5)
Controlling the Precision of Data Using the Round Function
79(3)
Rounding Values to the Nearest Hundredth
82(1)
Using Paste Special to Copy and Paste Data
83(3)
Calculating the Mean, Median, Mode, and Standard Deviation
86(2)
Managing Large Worksheets by Freezing Panes and Splitting the Window
88(3)
Comparing Current Values to Historical Values
91(1)
Calculating the Difference Between Two Sets of Data
92(1)
Calculating the Percent Difference Between Two Sets of Data
92(2)
Steps To Success: Level 1
94(2)
Level 2: Organizing and Evaluating Different Data Groupings
96(19)
Excel 2003 Skills Training (powered by SAM)
96(1)
Determining a Rank for Each Value in a Data Set
96(2)
Determining the Highest and Lowest Values in a Data Set
98(1)
Determining the Highest Value with the Large Function
99(2)
Determining the Lowest Value with the Small Function
101(1)
Determining the Number of Items That Meet Specified Criteria
102(5)
Determining a Total Value for Items That Meet Specified Criteria
107(6)
Steps To Success: Level 2
113(2)
Level 3: Extending the Analysis with What-If, Goal Seek, and Simulation
115(22)
Excel 2003 Skills Training (powered by SAM)
115(1)
Evaluating a Larger Data Set
115(2)
Specifying a Custom Number Format
117(1)
Understanding Custom Formatting Codes
118(3)
Considering Alternatives: What-If Analysis and Goal Seek
121(1)
Performing What-If Analysis
122(1)
Using the Goal Seek Tool to Work Backward
123(3)
Combining Countif and Sumif to Analyze Data in Specific Categories
126(3)
Analyzing Data Through Simulation
129(1)
Randomly Assigning a Number Between Two Values Using the Randbetween Function
130(2)
Assigning a Random Value Using the Rand Function
132(1)
Calculating Probable Costs Using a Round Function
132(2)
Completing the Cost Benefit Analysis
134(1)
Steps To Success: Level 3
135(2)
Chapter Summary
137(9)
Conceptual Review
137(2)
Case Problems
139(1)
Level 1 -- Analyzing Sales for Cremes Ice Cream
139(2)
Level 2 -- Analyzing Demographic Data for La Rosa Restaurant
141(1)
Level 3 -- Determining Inventory levels for CKG Auto
142(4)
Determining Effective Data Display with Charts
146(58)
Level 1: Analyzing Basic Chart Types
148(20)
Excel 2003 Skills Training (powered by SAM)
148(1)
Visualizing Data
148(4)
Effective Charting in Excel
152(1)
Determining the Appropriate Chart Type and Chart Options
153(13)
Steps To Success: Level 1
166(2)
Level 2: Evaluating Chart Sub-types
168(18)
Excel 2003 Skills Training (powered by SAM)
168(1)
Examining Sub-Types for Various Chart Types
168(1)
Adding Things Up: Stacked Chart Options
168(2)
Summing to 100%: Alternatives to Pie Charts
170(1)
Slicing the Pie Too Thin: Summarizing Too Much Detail in Pie Charts
171(5)
Monitoring a Business with Stock Charts
176(8)
Steps To Success: Level 2
184(2)
Level 3: Exploring More Advanced Chart Types
186(12)
Excel 2003 Skills Training (powered by SAM)
186(1)
Evaluating the Effectiveness of Radar, Bubble, and Dashboard Charts
186(1)
Understanding Radar Charts
186(3)
Understanding Bubble Charts
189(4)
Creating a Management Dashboard
193(4)
Steps To Success: Level 3
197(1)
Chapter Summary
198(6)
Conceptual Review
200(1)
Case Problems
201(1)
Level 1 -- Illustrating Travel Data for the Indiana Department of Tourism
201(1)
Level 2 -- Analyzing Stock Performance for Universal Investments
201(1)
Level 3 -- Illustrating Patterns in Gas Prices for CKG Auto
202(2)
Applying Logic in Decision Making
204(68)
Level 1: Analyzing Data Using Relational Operators and Boolean Logical Functions
206(25)
Excel 2003 Skills Training (powered by SAM)
206(1)
Reviewing Financial Criteria Related to Credit
206(4)
Using Relational Operators to Compare Two Values
210(3)
Using Boolean Logical Functions to Evaluate a List of Values and Determine a Single True or False Value
213(2)
Using the OR Function to Evaluate Criteria
215(4)
Using the AND Function to Evaluate Criteria
219(3)
Using the NOT Function to Evaluate Criteria
222(1)
Applying Conditional Formatting to a Worksheet
223(1)
Applying Conditional Formatting Based on Cell Value
223(3)
Applying Conditional Formatting Based on the Results of a Formula
226(3)
Steps To Success: Level 1
229(2)
Level 2: Analyzing Data Using IF Functions and Nested Functions
231(15)
Excel 2003 Skills Training (powered by SAM)
231(1)
Introduction to IF Functions and Nested Functions
231(1)
Writing Simple IF Functions
231(3)
Writing an IF Function with a Logical Test That Evaluates True/False Values
234(1)
Writing and IF Function with a Logical Test That Performs a Simple Calculation
234(3)
Writing IF Functions with Nested Functions
237(2)
Constructing a Simple Nested IF Function
239(3)
The Order of Logical Tests for Non-Mutually Exclusive Criteria
242(1)
The Order of Logical Tests for Mutually Exclusive Criteria
243(1)
The Order of Logical Tests for Criteria Between a Range of Values
243(1)
Steps To Success: Level 2
244(2)
Level 3: Creating Complex Logical Constructs for Solving Problems
246(15)
Excel 2003 Skills Training (powered by SAM)
246(1)
Evaluating More Complex Criteria
246(2)
Using an IF Function to Combine Sets of Criteria
248(2)
Using the None of Construct
250(3)
Using the Only Construct
253(3)
Nesting Boolean Logical Operators to Analyze Criteria
256(1)
Completing the Complex Nested IF Formula
257(3)
Steps To Success: Level 3
260(1)
Chapter Summary
261(11)
Conceptual Review
262(2)
Case Problems
264(1)
Level 1 -- Evaluating Job Applicants for Winston, Winston & Coombs
264(3)
Level 2 -- Estimating Painting Job Costs for RJ Construction
267(2)
Level 3 -- Analyzing Dealership Promotions for CKG Auto
269(3)
Retrieving Data for Computation, Analysis, and Reference
272(74)
Level 1: Performing Basic Lookups to Calculate and Evaluate Data
274(17)
Excel 2003 Skills Training (powered by SAM)
274(1)
Working with Lookup Tables
274(2)
Retrieving Data From a Vertical Lookup Table
276(3)
Examining the Vlookup Algorithm
279(3)
Retrieving an Exact Match
282(3)
Retrieving Data From a Horizontal Lookup Table
285(4)
Steps To Success: Level 1
289(2)
Level 2: Performing More Complex Lookups Involving Multiple Worksheets and Multidimensional Tables
291(18)
Excel 2003 Skills Training (powered by SAM)
291(1)
Retrieving Data From Multiple Worksheets
291(2)
Using Vlookup with Multiple Worksheets
293(2)
Looking Up Data in a One-Row or One-Column Range
295(4)
Retrieving Data From Multidimensional Tables
299(1)
Using the Index Function with a Two-Dimensional Table
300(3)
Using the Index Function with a Three-Dimensional Table
303(3)
Steps To Success: Level 2
306(3)
Level 3: Nesting Lookup and Reference Functions to Retrieve and Calculate Data
309(27)
Excel 2003 Skills Training (powered by SAM)
309(1)
Refining the Order Form
309(4)
Preventing Errors in Data Retrieval
313(2)
Using the ISBLANK Function
315(2)
Nesting Lookup Functions to Calculate the Price Per Unit
317(1)
Nesting VLOOKUP in an If Function to Determine the lookup_value
318(1)
Using the Choose Function to Determine the table_array
319(2)
Determining the col_index_num
321(1)
Determining the range_lookup
322(1)
Creating the Nested VLOOKUP Formula
323(1)
Calculating Totals
324(1)
Calculating the Discount Amount
325(1)
Calculating the Shipping Costs Using Match and Index Functions
326(3)
Determining the reference Argument of the Index Function
329(1)
Determining the row_num of the Index Function
329(1)
Determining the col_num of the Index Function by Using the Match Function
329(2)
Determining the area_num of the Index Function
331(1)
Creating the Complex Index Formula and Completing the Worksheet
332(2)
Steps To Success: Level 3
334(2)
Chapter Summary
336(10)
Conceptual Review
337(2)
Case Problems
339(1)
Level 1 -- Evaluating Tax Rates for the Arlington Group
339(2)
Level 2 -- Calculating Travel Costs at America Travels
341(2)
Level 3 -- Creating a Cost Estimate Form for CKG Auto
343(3)
Evaluating the Financial Impact of Loans and Investments
346(66)
Level 1: Calculating Values For Simple Financial Transactions
348(18)
Excel 2003 Skills Training (powered by SAM)
348(1)
Understanding How Interest is Calculated
348(1)
Calculating Simple Interest
348(1)
Calculating Compound Interest
349(1)
Reviewing Alternative Financing Options
350(1)
Using the PMT Function to Determine a Loan Payment
351(1)
The Arguments of the PMT Function
352(1)
Understanding Cash Flow (Inputs and Outputs)
353(1)
Specifying Consistent Units of Time
354(1)
Determining the Value of the Loan Payment
354(1)
Using a Financial Function with Cell Referencing
355(1)
Using the Rate, NPER, PV, and FV Functions
356(1)
Determining the Future Value of a Financial Transaction
357(2)
Determining the Present Value of a Financial Transaction
359(1)
Determining the Interest Rate of a Financial Transaction
360(1)
Determining the Number of Periods of a Financial Transaction
361(2)
Selecting a Financing Option
363(2)
Steps To Success: Level 1
365(1)
Level 2: Creating a Projected Cash Flow Estimate and Amortization Table
366(20)
Excel 2003 Skills Training (powered by SAM)
366(1)
Designing The Cash Flow Estimate Worksheet
366(2)
Identifying the Missing Data Elements
368(2)
Setting Up An Amortization Table
370(1)
Calculating Principal and Interest Payments
371(2)
Calculating Principal and Interest Payments Between Two Periods
373(3)
Calculating Depreciation Using the SLN Function
376(3)
Alternative Depreciation Options Provided in Excel
379(1)
Calculating Taxes
380(2)
Completing the Analysis
382(2)
Steps To Success: Level 2
384(2)
Level 3: Evaluating the Financial Viability of Alternative Project Options
386(16)
Excel 2003 Skills Training (powered by SAM)
386(1)
Setting Up a Worksheet to Analyze Profitability
386(3)
Calculating Net Present Value
389(1)
Entering the NPV Function
389(1)
Setting Up a Table of Hurdle Rates
390(2)
Calculating the Internal Rate of Return
392(2)
Creating a Chart Showing the Hurdle Rate Versus NPV
394(1)
Calculating the Return on Investment
394(1)
Determining the Payback Period
395(3)
Setting Up the Worksheet For the Low Capital Option
398(2)
Evaluating the Results of the Analysis
400(1)
Steps To Success: Level 3
400(2)
Chapter Summary
402(10)
Conceptual Review
402(2)
Case Problems
404(1)
Level 1 -- Evaluating Loan Options for Flowers By Diana
404(2)
Level 2 -- Creating a Mortgage Calculator for TriState Savings & Loan
406(2)
Level 3 -- Analyzing Purchasing Versus Leasing Options for CKG Auto
408(4)
Organizing Data for Effective Analysis
412(66)
Level 1: Importing and Structuring Text Data in Excel Worksheets
414(23)
Excel 2003 Skills Training (powered by SAM)
414(1)
Working With Text Data
414(2)
Combining Text Using the Concatenate Function
416(2)
Extracting Characters from a Text String
418(1)
Removing Spaces from a Text String
419(1)
Determining the Position of a Character Within a Text String
420(1)
Sorting and Removing Invalid Data
421(3)
Working With Nonnumeric Data
424(2)
Labeling and Sorting Data
426(1)
Analyzing Data by Creating Subtotals
427(2)
Creating And Working With An Excel List
429(2)
Sorting an Excel List
431(1)
Filtering an Excel List
431(3)
Adding Data to an Excel List
434(2)
Steps To Success: Level 1
436(1)
Level 2: Analyzing Data Imported from a Database and Organizing Data with a Pivottable Report
437(24)
Excel 2003 Skills Training (powered by SAM)
437(1)
Importing Data From a Database into Excel
437(2)
Importing an Access Table into Excel
439(2)
Using the Query Wizard to Select Data from a Database
441(2)
Making Calculations With Date and Time Data
443(4)
Analyzing Data Using a Pivottable Report
447(1)
Creating a PivotTable Report
447(3)
Analyzing Data Using the Row, Column, and Data Areas
450(3)
Adding Fields to the Page Area
453(2)
Evaluating Data Using a Pivotchart Report
455(2)
Importing Information From the Web into Excel
457(2)
Steps To Success: Level 2
459(2)
Level 3: Importing and Exporting XML Data
461(12)
Excel 2003 Skills Training (powered by SAM)
461(1)
Understanding Markup languages and XML
461(1)
XML Documents
462(1)
Analyzing XML Data With Excel
463(1)
Importing XML Data as an XML List
464(2)
Adding an XML Map to a Workbook
466(2)
Exporting XML Data
468(3)
Steps To Success: Level 3
471(2)
Chapter Summary
473(5)
Conceptual Review
473(2)
Case Problems
475(1)
Level 1 -- Importing and Analyzing Data for Johnson Equipment
475(1)
Level 2 -- Analyzing Manager Performance at Home Station
476(1)
Level 3 -- Creating a Loan Application and Amortization for CKG Auto
477(1)
Using Data Tables and Excel Scenarios for What-If Analysis
478(64)
Level 1: Using Data Tables to Perform Break-Even and Sensitivity Analysis
480(22)
Excel 2003 Skills Training (powered by SAM)
480(1)
Conducting Break-Even and Sensitivity Analyses
480(2)
Analyzing What-If Results With Data Tables
482(1)
Preparing a Worksheet for Data Tables
483(3)
Varying One Value in a What-If Analysis
486(2)
Setting Up a One-Variable Data Table's Structure
488(1)
Completing a One-Variable Data Table
489(2)
Interpreting One-Variable Data Tables
491(3)
Varying Two Values in a What-If Analysis
494(1)
Setting Up a Two-Variable Data Table's Structure
495(1)
Completing a Two-Variable Data Table
496(2)
Interpreting Two-Variable Data Tables
498(3)
Steps To Success: Level 1
501(1)
Level 2: Using Scenarios to Perform What-If Analysis
502(23)
Excel 2003 Skills Training (powered by SAM)
502(1)
Comparing The Results Of Complex Analyses
502(1)
Planning Scenarios
503(1)
Preparing the Inputs
503(2)
Preparing the Outputs
505(1)
Setting Up a Scenario
506(1)
Preparing a Worksheet for Scenarios
507(2)
Adding Scenarios to a Worksheet
509(4)
Viewing and Analyzing Scenarios
513(3)
Editing and Deleting Scenarios
516(2)
Generating Scenario Reports
518(1)
Creating Scenario Summaries
518(2)
Creating Scenario PivotTable Reports
520(2)
Creating Scenario PivotChart Reports
522(1)
Steps To Success: Level 2
523(2)
Level 3: Using Excel's Data Tables to Create a Simulation
525(11)
Excel 2003 Skills Training (powered by SAM)
525(1)
Understanding Simulation in Business
525(1)
Preparing a Worksheet for a Simulation Using a Data Table
526(3)
Developing a Simulation With a Two-Variable Data Table
529(1)
Structuring a Two-Variable Data Table for a Simulation
529(1)
Completing a Two-Variable Data Table for a Simulation
530(3)
Calculating Simulation Statistics
533(1)
Interpreting Simulation Results
534(1)
Steps To Success: Level 3
535(1)
Chapter Summary
536(6)
Conceptual Review
537(1)
Case Problems
538(1)
Level 1 -- Estimating Travel Expenses for Executive Transport, Inc.'s Customers
538(1)
Level 2 -- Evaluating Expansion Financing Options for Granite City Books
539(1)
Level 3 -- Analyzing Health Insurance Plan Options for CKG Auto
540(2)
Enhancing Decision Making with Slover
542(50)
Level 1: Solving Product Mix Questions Using Goal Seek and Solver
544(16)
Excel 2003 Skills Training (powered by SAM)
544(1)
The Other Side of What-If Analysis
544(1)
Performing What-If Analysis Using Goal Seek
545(1)
Creating a Solver Model
546(8)
Adding or Changing a Constraint in a Solver Model
554(2)
Saving a Solver Solution as a Scenario
556(1)
Analyzing Data Using a Solver Report
557(2)
Steps To Success: Level 1
559(1)
Level 2: Enhancing the Production Plan with Solver
560(12)
Excel 2003 Skills Training (powered by SAM)
560(1)
Adding Time Variables to the Production Plan
560(1)
Adding Formulas and Constraints to the Solver Model
561(2)
Troubleshooting an Infeasible Solution
563(1)
Troubleshooting an Unbounded Solution
564(1)
Identifying a Feasible Solution
564(2)
Visualizing the Constraints in a Solver Model
566(3)
Finding an Optimal Solution
569(1)
Steps To Success: Level 2
570(2)
Level 3: Managing Transportation Problems with Solver
572(15)
Excel 2003 Skills Training (powered by SAM)
572(1)
Developing a Distribution Plan Using Solver
572(1)
Setting Up a Worksheet for the Distribution Plan
573(4)
Saving a Solver Model
577(3)
Using Solver when Demand Exceeds Supply
580(2)
Assigning Contracts by Using Binary Constraints
582(2)
Evaluating Assignment Problems with Too Many Resources
584(2)
Steps To Success: Level 3
586(1)
Chapter Summary
587(5)
Conceptual Review
587(1)
Case Problems
588(1)
Level 1 -- Creating a Production Plan for ATC Inc.
588(1)
Level 2 -- Managing Purchases for Brightstar Toy Company
589(2)
Level 3 -- Assigning Specialists to Teams at CKG Auto
591(1)
Troubleshooting Workbooks and Creating Excel Applications
592(57)
Level 1: Preparing Error-Free Workbooks
594(22)
Excel 2003 Skills Training (powered by SAM)
594(1)
Planning an Excel Application
594(1)
Controlling Data Entry Errors
595(2)
Validating Data Using the Data Validation Tool
597(6)
Circling Invalid Data
603(1)
Protecting Workbooks
604(2)
Locking and Unlocking Cells
606(1)
Protecting a Worksheet
607(1)
Hiding and Displaying Rows and Columns
608(1)
Protecting a Workbook
609(2)
Documenting Workbooks
611(1)
Providing a Thorough Documentation Worksheet
612(1)
Including Comments in a Worksheet
613(2)
Steps To Success: Level 1
615(1)
Level 2: Preventing Errors in Formulas
616(14)
Excel 2003 Skills Training (powered by SAM)
616(1)
Auditing Formulas
616(1)
Using the Formula Auditing Tools
617(2)
Tracing and Solving Formula Errors
619(1)
Tracing Errors
620(2)
Identifying and Correcting Errors
622(2)
Tracing Precedent Cells
624(1)
Tracing Dependent Cells
625(3)
Setting Error-Checking Options
628(1)
Steps To Success: Level 2
629(1)
Level 3: Automating Excel Tasks
630(13)
Excel 2003 Skills Training (powered by SAM)
630(1)
Understanding Macros
630(1)
Recording a Macro
631(2)
Running a Macro
633(1)
Creating a Macro Button
634(2)
Editing a Macro in the Visual Basic Editor
636(6)
Steps To Success: Level 3
642(1)
Chapter Summary
643(6)
Conceptual Review
643(1)
Case Problems
644(1)
Level 1 -- Troubleshooting Formulas and Data Entry for a Payroll Data Workbook for Irene's Scrapbooking World
644(1)
Level 2 -- Troubleshooting Formulas for a Job Invoicing Workbook for David's Computer Repair
645(1)
Level 3 -- Projected Sales and Commissions for CKG Auto
646(3)
Glossary 649(11)
Index 660

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