An optimization problem is one where you have to make the best decision (choose the best investments, minimize your company’s costs, find the class schedule with the fewest morning classes, or so on).
Solver allows you to use an Excel spreadsheet to easily solve problems with multiple variables. We'll look at a couple of examples to see what Solver can do and how easy it is to use. Solver is an add ...
Excel can solve equations through several of its mathematical functions, but the single Excel tool that works on the largest variety of equations is the program's Solver Add-in. This tool reads an ...
Stratified mean-per-unit sampling is a key tool used by auditors. The popularity of this statistical procedure arises from its unique ability to produce trustworthy ...
Solving linear programming problems in a spreadsheet yields equations for maximizing business profits. As applied to business, linear programming typically involves an objective formula, such as unit ...
Modern measurement techniques allow researchers to gather ever more data in less time. In many cases, however, the primary or raw data have to be further analyzed, be it for the verification of a ...
In the first part of this blog, Using Solver in Excel, Part 1, we started looking at what we can do with the Solver add-in to the Excel spreadsheet program. We looked at using Solver for the design of ...
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