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Show the results in the following scenarios in the worksheet: the best case scenario, and the worst case scenario, the moderate case scenario. Close the scenario manager dialog box when you are finished?
Show the results in the following scenarios in the worksheet: the best case scenario, and the worst case scenario, the moderate case scenario. Close the scenario manager dialog box when you are finished?
Final answer:The student's question involves using Excel's Scenario Manager and Solver tool to analyze different decision-making scenarios and optimize results. This involves playing interactive games, running comparative statics, and examining solver's behaviors in various scenarios.Explanation:The question relates to using scenario analysis in Microsoft Excel to study different outcomes in a decision-making process. In Excel, scenarios like the best case, worst case, and moderate case can be created using the Scenario Manager, which allows you to define and save different sets of values and switch between them to see different results. When using Excel's Solver tool, it finds the optimal solution by experimenting with different variable values within specified constraints, as detailed in the figures and steps mentioned.For instance, to play the Choice Game, you'll open an Excel workbook and read the Intro sheet followed by the Choice Game sheet to interact with the game. When it comes to running Comparative Statics in Excel, you'll click a button that prompts Excel's Solver to optimize at various values, and then the results can be arranged on a new worksheet where further analysis can be performed....