Discussion Questions

  1. Give an example (besides the ones noted in the text) of a mental model, a visual model, and a mathematical or spreadsheet model.
  2. Give an example of a decision-making situation in which you used a mental model.
  3. Give an example of a decision-making situation in which you used a mathematical or spreadsheet model.
  4. Discuss the importance of model flexibility.
  5. Discuss the importance of a model being well documented.
  6. Explain the steps of the spreadsheet modeling process.
  7. Give an example (besides the one used in the text) of when using Goal Seek would be helpful.
  8. Give an example (besides the one used in the text) of when using a Data Table would be helpful.
  9. What are absolute and relative cell references?
  10. Why is it important to use absolute and relative cell references?
  11. When are tables of numbers useful in the decision-making process? When are graphs of those numbers useful?

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