Which phrase best describes a scenario in Excel 2016? a type of what-if analysis that allows a user to define a single variable for a single function or formula a type of what-if analysis that allows a user to define multiple variables for multiple functions or formulas a type of chart analysis that allows a user to predict outcomes using data a type of chart analysis that allows a user to set predetermined outcomes using data

The phrase that best describes a scenario in Excel 2016 is "a type of what-if analysis that allows a user to define multiple variables for multiple functions or formulas."

Explanation:

A scenario analysis is an evaluation process which attempts to consider the outcomes of different scenarios or situations in order to predict their effects on planned objectives.

In Excel 2016, the Scenario Manager is one of the three what-if-analysis tools that helps one to see the impact of changing input values without changing the actual data.  This implies that through the Scenario Manager, one can change or substitute input values for multiple cells (maximum up to 32).

the specific actions take by the fed. what the fed was attempting to do by taking these actions. the result of the actions taken by the fed

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