Answered: Help me respond to this The Goal Seek…

Computer Networking: A Top-Down Approach (7th Edition)

7th Edition

ISBN:9780133594140

Author:James Kurose, Keith Ross

Publisher:James Kurose, Keith Ross

Chapter1: Computer Networks And The Internet

Section: Chapter Questions

Problem R1RQ: What is the difference between a host and an end system? List several different types of end...

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Question

Help me respond to this The Goal Seek tool is especially useful for doing sensitivity analysis in financial modeling and is widely used by management majors and business owner. But there are many other uses that may prove helpful to you. On the whole, whenever you want a formula to return a specific result but are not sure what input value within the formula to adjust to get that result, stop guessing and use the Excel Goal Seek function! It will also help budget and how u pay your worker are suppose to get pay hours and so you can keep track of how many hour they put in for the week.

Expert Solution

Step 1

Goal Seek is Excel's built-in What-If Analysis tool that shows how one value in a formula impacts another. More precisely, it determines what value you should enter in an input cell to get the desired result in a formula cell.

The best thing about Excel Goal Seek is that it performs all calculations behind the scenes, and you are only asked to specify these three parameters: