Barnett, Raymond, Michael Ziegler, and Karl Byleen. College Mathematics for Business, Economics, Life Sciences, and Social Sciences, 13e, Pearson, 2015.
Haeussler, Ernest, Richard Paul, and Richard Wood, Introductory Mathematical Analysis for Business, Economics and the Life and Social Sciences, 13e, Pearson, 2011.
Three Excel functions are helpful with matrices: MMULT for matrix multiplication, MINVERSE for finding the inverse of the matrix, and MDETERM for finding the determinant of a matrix.
To multiply matrices in Excel, use MMULT as follows:
Highlight all the cells that will contain the resulting matrix.
Type = MMULT(matrix1, matrix2), where matrix1 and matrix2 are the cell ranges for the two matrices being multiplied.
Instead of just pressing Enter, press
Pressing
The MINVERSE function is illustrated in cells F14:G15 of Program M5.1A. Remember that the entire range of the matrix (F14:G15) must be highlighted before entering the MINVERSE function. Pressing
The MDETERM function is used to find the determinant of a matrix. This is illustrated in cell F19 of Program M5.1A. The numerical result is shown in Program M5.1B.