Which of the following analysis tools allows us to add logical constraints to the potential solutions it considers?Group of answer choicesSolverScenario ManagerPivot TablesExcel does not have an analysis tool with logical constraints.
Question
Which of the following analysis tools allows us to add logical constraints to the potential solutions it considers?Group of answer choicesSolverScenario ManagerPivot TablesExcel does not have an analysis tool with logical constraints.
Solution
The analysis tool that allows us to add logical constraints to the potential solutions it considers is the Solver.
Here's a step-by-step explanation:
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Solver is a Microsoft Excel add-in program that you can use for what-if analysis.
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You use the Solver add-in to define and solve optimization problems.
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These optimization problems can be subject to certain constraints, such as the limits of available resources.
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Solver adjusts the values in the decision variable cells to satisfy the limits on constraint cells and produce the result you want for the objective cell.
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You can change the settings for the Solver add-in in the Solver Parameters dialog box.
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Therefore, Solver allows us to add logical constraints to the potential solutions it considers.
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