Question: "DECISION MAKING USING DATA/INFORMATION

Students will be given a new small business idea selling specific products to customers. Using Microsoft Excel, students will develop data models to simulate an application that provides business information through data for decision making. Students will build the Excel to model the business operation, formulate the data into information, utilize the information to analyze scenarios, and draw conclusions for the business concept.

Your final Microsoft Excel project workbook (file) will include the following worksheets (tabs). Specific instructions, concepts, expectations, and demo will be provided during scheduled class hours (or via a video for online students). It is highly recommended you attend all classes (or review the video) to obtain the skills and understanding to complete this assignment.

The Business Idea:

• You are planning to open a small electronic store selling three electronic products.

You will be provided an Excel Template as a starting point. The Excel Template will contain the following sheets (Tabs) which you are to make functional as instructed in class:

• Configuration

• Marketing Model

• HR Model

• Accounting Model

• "Graph & Charts"

Instructions: • For each sheet, the cell colored in yellow are decision variable cells. Within these cells, users of your excel data model will be able to change the values contained within it. Decision variables are decision points that a decision maker, as a potential owner of this simulated business, may decide and/or test so the model will generate calculated results to help determine how this business can be viable or profitable.

• For each sheet, the cell colored in gray are calculated values. Within these cells, you are expected to develop formulas so the sheet can yield correct calculated results based on the decision values entered into the decision variable cells.

• For all decision variables and calculated value cells, you are to make sure the formatting of the cell is correct. Example: if the cell represents a percentage, it should be formatted to %.

• You are not to rearrange and/or reformat the layout within each sheet. The one exception is you are free to design your graphs in the last sheet as long as it meets the requirement stated in the template. "

Information related to above question is enclosed below:

Attachment:- Spring2018StudentTemplate1.rar