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Select all statements that are correct. There may be more than one correct answer.

A. Solver can find the minimum of any function.
B. Solver can be used on functions of 2 variables.
C. Solver can run into problems when it has to move across a bend in the curve to find a solution.
D. Solver is more versatile than Goal Seek.
E. Solver uses a version of Newton's method to find extrema.
F. It is easiest to think of Solver as a more powerful version of Goal Seek.
G. Solver will only find a root if the function actually has one.
H. None of the above.

Answer :

Final answer:

The correct statements regarding the Solver tool are that it can find the minimum of any function, be used on functions of 2 variables, is more versatile than Goal Seek, and is like a more powerful version of Goal Seek.

Explanation:

The comprehension question from section 3.5, An Introduction to Solver, in the context of Business Calculus with Excel inquires about the capabilities and limitations of the Solver tool. The correct statements are:

  • Solver can find the minimum of any function.
  • Solver can be used on functions of 2 variables.
  • Solver is more versatile than Goal Seek.
  • It is easiest to think of Solver as a more powerful version of Goal Seek.

Some clarifications to the remaining statements include that Solver may run into problems across a bend in the curve and it uses iterative methods, which might be conceptually similar but not strictly Newton's method. Solver will only find a root if one exists within the constraints of the problem and the provided search vicinity.

Learn more about Solver Functionality here:

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