Using the Internet, conduct a thorough search for more information on using What-If Analysis as outlined in eText Excel Module 8. Choose one bullet listed below and explain and also include a reason to use in your worksheet for your bullet from the following:

Choose only one from the following and explain in detail; do not just list the steps to create unless stated:

Session 8.3

• Explore the principles of a product mix
• Run Solver to calculate optimal solutions
• Create and apply constraints to a Solver model
• Save and load a Solver model

You may also answer one of the following questions with a 150-word count to reply to my post and meet the requirement:

1. What is an add-in?
2. What are three options for the objective cell using Solver?
3. What is an objective cell? What is a variable cell?
4. What are the six types of constraints you can put on a cell in a Solver model?
5. What is an iterative process?
6. What is the difference between a binding constraint and a nonbinding constraint?
7. In the Solver report, what is meant by the term "slack"?