Unit 4 - Spreadsheet Concepts Flashcards
What does a computer model do?
It allows you to create a ‘virtual’ representation of the item within the computer
What is an advantage of using software to create a model of something?
The designer can ask questions of the object before it is built!
Allows for changing individual components as the model evolves to see how they react!
Effects can be gauged at the touch of a button, without the expense or risk of building the real thing!
What are the two types of modelling?
Mathematical Modelling (financial, calculations, spreadsheets etc.) Modelling of objects (rooms, buildings, cars etc.)
C1+D1
$C$1+$D$1
$C1 + D$1
One is Absolute another is Relative and one is Mixed Cell Refrence. Which is which?
Relative / Absolute / Mixed Cell reference
What are the four characteristics of a model that allow it to manipulate numbers and text?
Variables
Rules
Formulae
Functions
What is a variable?
a variable is something that can be changed and is normally associated with a cell reference (e.g. C4) or a cell name (e.g. NAME_Rate).
What is a Formula?
It is a method for representing a calculation in a spreadsheet
What are rules in the context of spreadsheets?
Rules are a set of procedures that must be followed
What are SUM MAX & COUNTIF examples of?
Reserved Words in a Function
What is a ‘What if?’ question ?
A ‘What if?’ question is an attempt to find out what is going to happen in the future. It requires that a value is changed so other values can be recalculated
What are the two parts of a ‘What if?’ question?
What could be changed
The question to be applied
For example if a shop takes on two more staff (the change), how much more profit does the shop have to make to afford them (the question)
What does a spreadsheet model do?
A spreadsheet model comprises a set of data about something and a set of rules that control what the data does.
What is a model?
A model is an artificial re-creation of an object or event that should behave in the same way as the real thing.
Name two advantages of a spreadsheet model?
Graphs can be produced: these will change automatically as the values change.
It is likely to be quicker and cheaper to build a computer model than the real thing.
The model can be saved and backed up: if the original is lost or corrupted there is a copy.
he model can be shared between different people in different locations
It is safer to run a simulation / model under extreme conditions than the real thing.
Name two disadvantages of a spreadsheet model?
The model may not be a 100% accurate representation of the real world.
If the model relates to people then an accurate result may not be given.
Many variable need to be considered and it is easy to miss something out. This may lead to unexpected or misleading results.
Producing an effective model might be very time consuming and expensive. Running the model might require expensive hardware or additional software.