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GOAL SEEK AND SOLVER Both of these tools come with the standard Excel package, but Solver has to be installed. If it is not on your computer, do the following:

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Presentation on theme: "GOAL SEEK AND SOLVER Both of these tools come with the standard Excel package, but Solver has to be installed. If it is not on your computer, do the following:"— Presentation transcript:

1 GOAL SEEK AND SOLVER Both of these tools come with the standard Excel package, but Solver has to be installed. If it is not on your computer, do the following: Open Excel and go to Tools|AddIns After clicking AddIns, you’ll get a drop- down menu; scroll down to Solver Add-in and click the box.

2 GOAL SEEK AND SOLVER Suppose we’re trying to graph the Equation y = x^3-2x^2-3x-121 We can do this in Excel as follows:

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4 Now we want to find the x such that the corresponding y is 21. You can tell from the table that the value will be somewhere between 5 and 6. To solve for it, we go to the Excel command Tools|Goal Seek.

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6 We can do the same calculation with Solver.

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8 The difference between Solver and Goal Seek. Solver remembers, Goal Seek forgets Solver is more flexible We use the function y = x^2-7x-14

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10 There are two roots. If you use Goal Seek, you cannot specify which x to find. With Solver, however, you can specify constraints on the variables:

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