Excel can play an important role in decision-making by allowing users to perform quantitative analysis, model different scenarios through "what-if" analysis, and leverage large amounts of organized data. Users should consider their goals, requirements, and limitations when building spreadsheet models. Both quantitative and qualitative factors can influence decisions, and having either too much or too little information available can potentially impact outcomes. Problem-solving and decision-making are related processes, with problem-solving informing the identification and evaluation of different choices.

1. 1-Weekly Assignments Content What role can Excel play in decision-
making?
1-Weekly Assignments ContentWhat role can Excel play in decision-making?
ExplainDescribe the general model of problem-solving presented in the text. What are the
three main phases and the different analysis steps involved? ExplainWhat should you
consider before building a spreadsheet model? ExplainGive an example of each of the
following: a quantitative basis for making a decision and a qualitative basis for making a
decision. ExplainDescribe a situation in which having access to large amounts of
information had a positive impact on your decision-making. ExplainWhat is the relationship
between problem solving and decision making? Explain.Define what a knowledge worker is
and discuss the significance of the knowledge worker in today’s business world.
ExplainDescribe a time you have performed a what-if analysis? Explain. Describe a situation
in which having access to large amounts of information had a negative impact on your
decision-making. ExplainDefine and differentiate between the terms information and data.
Explain