Compare break-even analysis and sensitivity analysis.
Answer to relevant QuestionsExplain the difference between a “what-if” analysis and Goal Seek by giving an example based on the worksheet shown in Question 11. Explain how you must vary the setup of a two-variable data table to run a simulation. What are the types of Solver reports? What information is described in an answer report? What is the difference between a binding status and a not binding status? What is slack? What are two advantages of creating a constraints table in a worksheet that includes a Solver model? Identify three ways to run a macro in Excel.
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