1. ACOT Intro/Copyright Succeeding in Business with Microsoft Excel 2010: Chapter1

2. Course Learning Outcomes Upon completion of this course, students will be able to: Navigate online computer platforms to acquire and distribute information. Apply Excel skills and tools in business problem solving. Solve problems with statistical analysis tools. Apply logic in decision making. Retrieve data for computation, analysis, and reference. Evaluate the financial impact of loans and investments. Organize data for effective analysis. Apply data tables and excel scenarios for what-if analysis. Synthesize smart worksheets. Enhance decision making with Solver. Succeeding in Business with Microsoft Excel 2010: Chapter2

3. Roadmap Succeeding in Business with Microsoft Excel 20103 Applying Logic in Decision Making Chapter 4

4. Chapter Objectives Succeeding in Business with Microsoft Excel 2010: Chapter4

5. Reviewing Financial Criteria Related to Credit Dun & Bradstreet® (D&B) – Widely used financial reporting services – Provides financial information about corporations and institutions and extensive analyses on each company’s creditworthiness and payment history (PAYDEX® index) Create formulas by applying several credit approval indicator rules to each customer’s data Succeeding in Business with Microsoft Excel 20105 Level 1 home

6. Sample Worksheet Succeeding in Business with Microsoft Excel 20106 Level 1 home D&B data includes credit rating class, PAYDEX score, and stress risk class.

7. Using Relational Operators to Compare Two Values To determine if the relational expression is TRUE or FALSE Can be used to compare – Two values – Text labels – Dates Succeeding in Business with Microsoft Excel 20107 Level 1 home

8. Using Relational Operators Succeeding in Business with Microsoft Excel 20108 Level 1 home

9. Using Relational Operators Succeeding in Business with Microsoft Excel 20109 Level 1 home

10. Question Succeeding in Business with Microsoft Excel 201010

11. Question Succeeding in Business with Microsoft Excel 201011

12. Using Boolean Logical Functions to Evaluate a List of Values and Determine a Single True or False Value ANDUsed to determine if all arguments are TRUE ORUsed to determine if either argument is TRUE NOTEvaluates only one logical argument to determine if it is FALSE Succeeding in Business with Microsoft Excel 201012 Level 1 home

13. Outcomes for the AND, OR, and NOT Functions Succeeding in Business with Microsoft Excel 201013 Level 1 home

14. Using the OR Function to Evaluate Criteria OR (logical1,logical2,….) Returns a value of TRUE if either criteria is met Returns a value of FALSE only if all arguments in the function are FALSE Succeeding in Business with Microsoft Excel 201014 Level 1 home

15. Using the OR Function Succeeding in Business with Microsoft Excel 201015 Level 1 home

16. Question Succeeding in Business with Microsoft Excel 201016

17. Question Succeeding in Business with Microsoft Excel 201017

18. Using the AND Function to Evaluate Criteria AND (logical1,logical2,…) Returns a value of TRUE only if all arguments in the function are TRUE Succeeding in Business with Microsoft Excel 201018 Level 1 home

19. Using the AND Function Succeeding in Business with Microsoft Excel 201019 Level 1 home

20. Using the AND Function Succeeding in Business with Microsoft Excel 201020 Level 1 home

21. Using the NOT Function to Evaluate Criteria NOT (logical1) Takes only one argument and changes a single TRUE value to FALSE or vice versa – NOT(TRUE) returns the value of FALSE – NOT(FALSE) returns the value of TRUE Succeeding in Business with Microsoft Excel 201021 Level 1 home

22. Using the NOT Function Succeeding in Business with Microsoft Excel 201022 Level 1 home

23. Question Succeeding in Business with Microsoft Excel 201023

24. Question Succeeding in Business with Microsoft Excel 201024

25. Applying Conditional Formatting to a Worksheet Identifies a set of conditions and specifies formatting of a cell if those conditions are met Criteria can be specified based on: – Value in the cell being formatted – Results of a specified formula that returns a Boolean value Succeeding in Business with Microsoft Excel 201025 Level 1 home

26. Applying Conditional Formatting Based on Cell Value Select cell or cell range to be formatted Click Conditional Formatting button arrow in Styles group on Home tab Select Data Bars, Color Scales, or Icon Sets from the menu to open a gallery of options Point to a format to preview it in the selected cells, and click the desired format to apply it Succeeding in Business with Microsoft Excel 201026 Level 1 home

27. Conditional Formatting Based on Cell Value Succeeding in Business with Microsoft Excel 201027 Level 1 home

28. Conditional Formatting Based on Cell Value Succeeding in Business with Microsoft Excel 201028 Level 1 home

29. Applying Conditional Formatting Based on the Results of a Formula Highlight a single row as the range Specify two separate conditions based on two different formulas Succeeding in Business with Microsoft Excel 201029 Level 1 home

30. Conditional Formatting Based on the Results of a Formula Succeeding in Business with Microsoft Excel 201030 Level 1 home

31. Question Succeeding in Business with Microsoft Excel 201031

32. Question Succeeding in Business with Microsoft Excel 201032

33. Introduction to IF Functions and Nested Functions IF function – Boolean logical function that returns different values (TRUE or FALSE) depending on how the specified condition evaluates – =IF(logical_test,value_if_true,value_if_false) Nested function (permitted by IF function) – Contains additional formulas and/or functions as one or more of its arguments Provides flexibility of choosing between two different sets of criteria, and up to seven different levels of logical tests Succeeding in Business with Microsoft Excel 201033 Level 2 home

34. Writing an IF Function with a Logical Test That Evaluates TRUE/FALSE Values Succeeding in Business with Microsoft Excel 201034 Level 2 home

35. Writing an IF Function with a Logical Test That Performs a Simple Calculation Succeeding in Business with Microsoft Excel 201035 Level 2 home

36. Writing an IF Function with a Logical Test That Performs a Simple Calculation Succeeding in Business with Microsoft Excel 201036 Level 2 home

37. Writing IF Functions with Nested Functions Succeeding in Business with Microsoft Excel 201037 Level 2 home

38. Constructing a Simple Nested IF Function Succeeding in Business with Microsoft Excel 201038 Level 2 home Nesting IF functions, one inside the other, allows you to ask a question, then another question depending on the outcome of the first question, and so on

39. Constructing a Simple Nested IF Function Succeeding in Business with Microsoft Excel 201039 Level 2 home

40. Constructing a Simple Nested IF Function Succeeding in Business with Microsoft Excel 201040 Level 2 home

41. Question Succeeding in Business with Microsoft Excel 201041

42. Question Succeeding in Business with Microsoft Excel 201042

43. Order of Logical Tests Order of logical tests for non-mutually exclusive criteria Order of logical tests for mutually exclusive criteria Order of logical tests for criteria between a range of values Succeeding in Business with Microsoft Excel 201043 Level 2 home

44. Evaluating More Complex Criteria Techniques to create more complex logical constructs (combinations of multiple logical operations) to determine if none of the criteria are TRUE for a list of items, even if only certain criteria are TRUE for a list of items By nesting levels of IF functions, multiple sets of criteria can be sequentially analyzed until a final value is returned Succeeding in Business with Microsoft Excel 201044 Level 3 home

45. Using an IF Function to Combine Sets of Criteria Reject Further Evaluate Accept Succeeding in Business with Microsoft Excel 201045 Level 3 home

46. Using an IF Function to Combine Sets of Criteria Succeeding in Business with Microsoft Excel 201046 Level 3 home

47. Using an IF Function to Combine Sets of Criteria Succeeding in Business with Microsoft Excel 201047 Level 3 home

48. Using the None Of Construct Evaluates if none of the rules are met Combines two steps into one by nesting the formula Example: =NOT(OR(K3:K21)) Succeeding in Business with Microsoft Excel 201048 Level 3 home

49. Using the Only Construct Determines if only Rule #1 evaluates to TRUE, and, if so, to recommend further evaluation; OR if only Rule #2 and/or Rule #3 evaluates to TRUE and not Rule #1 Always has a positive condition to be evaluated AND a negative condition to be evaluated – An OR function is required for either the positive condition or the negative condition if more than one item being evaluated falls in that category Succeeding in Business with Microsoft Excel 201049 Level 3 home

50. Using the Only Construct Succeeding in Business with Microsoft Excel 201050 Level 3 home

51. Using the Only Construct Succeeding in Business with Microsoft Excel 201051 Level 3 home

52. Nesting Boolean Logical Operators to Analyze Criteria Succeeding in Business with Microsoft Excel 201052 Level 3 home Evaluate all parts of the Further Evaluate criteria

53. Completing the Complex Nested IF Formula Succeeding in Business with Microsoft Excel 201053 Level 3 home

54. Completing the Complex Nested IF Formula Succeeding in Business with Microsoft Excel 201054 Level 3 home

55. Question Succeeding in Business with Microsoft Excel 201055

56. Question Succeeding in Business with Microsoft Excel 201056

57. Conclusion Succeeding in Business with Microsoft Excel 201057