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Master Excel Formulas: Construct, Compute, and Enhance Your Spreadsheets

Learn to construct basic formulas, use functions, and unlock valuable features in Microsoft Excel. Discover mathematical outputs, statistical functions, common operators, and the power of cell references. Improve your budgeting skills with practical tasks.

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Master Excel Formulas: Construct, Compute, and Enhance Your Spreadsheets

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  1. Constructing Basic Formulas and using functions Microsoft Excel

  2. Valuable Features • Excel has the ability to produce mathematical outputs through: • Basic and complex mathematical computations • Statistical functions (which can be applied to a range of cells)

  3. Commonly Used Mathematical Operators

  4. Typical Excel Formulas

  5. In a SUM formula, the cell references can consist of a single cell or a block of cells. Excel refers to these references as a range. Using the SUM Function

  6. AutoSum • The Autosum functions allows a user to create simple calculations by selecting cells. • The cursor must be placed in the cell where the answer will appear.

  7. Cell references • Why Use Cell References? • Cell references enable Excel to dynamically produce new outputs when one or more inputs in the referenced cells are changed. • Cell references also allow you to trace how outputs are being calculated in a formula. • Never use a calculator to determine a mathematical output and type it into the cell location of a worksheet, this eliminates cell-referencing benefits and the ability to trace a formula.

  8. Relative referencing • When you use cell references in a formula, Excel automatically adjusts the cell references when the formula is pasted into new cell locations

  9. The Formula Bar • Allows the user to view and edit data or formulas within cells. • To edit, simply use the F2 key or click your mouse in the formula window.

  10. Budgeting Task • A personal budget is a vital tool to use when making financial decisions. • Review the terms listed in Table 2.1

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