The purpose of the Goal Seek function in Excel is: Group of answer choices To evaluate what needs to be changed in the input variables in order to achieve a certain output variable value To evaluate what can be done to the output variable value in order to update the values of input variables To evaluate what needs to be changed in the input variables in order to maximise the value of the output variable To evaluate what needs to be changed in the output variable’s value in order to minimise mistakes To evaluate the best calculation in order to achieve a certain goal.
Question
The purpose of the Goal Seek function in Excel is: Group of answer choices
To evaluate what needs to be changed in the input variables in order to achieve a certain output variable value
To evaluate what can be done to the output variable value in order to update the values of input variables
To evaluate what needs to be changed in the input variables in order to maximise the value of the output variable
To evaluate what needs to be changed in the output variable’s value in order to minimise mistakes
To evaluate the best calculation in order to achieve a certain goal.
Solution 1
The purpose of the Goal Seek function in Excel is to evaluate what needs to be changed in the input variables in order to achieve a certain output variable value. This function is particularly useful when you have a desired result in mind and need to find the right input to achieve that result. Here's how you can use it:
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First, you need to have a formula in Excel that you want to use Goal Seek with. This formula should involve at least one variable input.
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Go to the "Data" tab in Excel and click on "What-If Analysis" in the "Forecast" group.
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Select "Goal Seek" from the drop-down menu.
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In the "Goal Seek" dialog box, you need to fill in three pieces of information: the "Set cell" (which is the formula you want to use), the "To value" (which is the desired result), and the "By changing cell" (which is the variable input you want to adjust).
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Click "OK" to run Goal Seek. Excel will then adjust the variable input until the formula outputs the desired result.
Remember, Goal Seek only works with one variable input at a time. If you have multiple variable inputs, you'll need to use Solver instead.
Solution 2
The purpose of the Goal Seek function in Excel is to evaluate what needs to be changed in the input variables in order to achieve a certain output variable value. This function is a part of what-if analysis tools in Excel that allows you to change the data in specified cells to achieve a desired result in a particular cell.
Here are the steps to use Goal Seek function in Excel:
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First, you need to set up a basic formula. For example, if you want to find out how much sales you need to make to reach a certain profit, you would set up a formula that calculates profit based on sales.
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Next, go to the 'Data' tab in Excel and click on 'What-If Analysis' in the 'Forecast' group.
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Select 'Goal Seek' from the drop-down menu.
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In the 'Goal Seek' dialog box, you need to fill in three fields: 'Set Cell' (the cell with the formula),
Similar Questions
The Goal Seek command allow the user to get the desired result by making changes in *One cell.Two Cells.Three Cells.N no. of cells.
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