ISM 3011 Answers

Feb 3rd, 2012
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University of South Florida
Course: ISM
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ism 3011 Pin It Use the excel sheet as a reference. question one: Let's calculate the Closing Cost (in column M) for ALL properties. It is determined based on the Style of the property and is summarized in the look-up table in R24:T26. Note that on th elook-up table, the first column is the style of the property, the second column is the county code, and the third column is the corresponding closing cost. The county code is not used for the calculation. Select ALL of the correct answers below. You will have to get all the answers right in order to receive credit for this question. a. The correct formula for property #101 is: =VLOOKUP(M2,$R$24:$T$26,3,TRUE) b. The correct formula for property #101 is: =VLOOKUP(E2,$R$24:$T$26,3,FALSE) c. The correct formula for property #101 is: =VLOOKUP(M2,$R$24:$T$26,2,FALSE) d. The closing cost for property #125 is $400. e. The correct formula for property #101 is:

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Question ONEa. The correct formula for property #101 is: =VLOOKUP(M2,$R$24:$T$26,3,TRUE)Answer: FALSEb. The correct formula for property #101 is: =VLOOKUP(E2,$R$24:$T$26,3,FALSE)Ans: TRUEc. The correct formula for property #101 is: =VLOOKUP(M2,$R$24:$T$26,2,FALSE)ANSWER: FALSEd. The closing cost for property #125 is $400. TRUEe. The correct formula for property #101 is: =VLOOKUP(E2,$R$24:$T$26,2,TRUE)Ans: FALSEQuestion number two:Go to the bottom of the list. The average of all the Sales Price is listed in cell J120. Notice that Propery #218 is listed but not sold yet. How much does Property #218 need to be sold at (to be shown in cell J119) in order for the average sales price to become $100,800? Only enter whole number in the answer box; no dollar sign, no comma, no decimal point.

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