How to Use the Excel Scenario Manager for Scenario Analysis
What is the purpose of the "Summary" worksheet generated by the Scenario Manager in Microsoft Excel?
a. To present scenarios based on different input values
b. To provide an organized summary of scenarios and their results
c. To calculate averages and totals for scenarios
d. To create visual charts for scenario analysis
Answer:
b. To provide an organized summary of scenarios and their results
When using the Scenario Manager in Microsoft Excel, the "Summary" worksheet is generated to provide an organized summary of the different scenarios and their corresponding results. This worksheet helps users to easily view and analyze the outcomes of various scenarios that have been created and calculated.
The "Summary" worksheet typically includes a table or a list that outlines the different scenarios defined by the user. Each scenario is presented with a name or identifier and the corresponding values assigned to the input variables. Additionally, the worksheet may include a summary of the calculated results for each scenario, such as totals, averages, or other relevant metrics.
By presenting the scenarios in an outline format, the "Summary" worksheet offers a clear and structured overview of the different scenarios and their outcomes. This allows users to compare the results of each scenario more easily, aiding in decision-making and scenario-based analysis within Excel.