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Constructing Basic Formulas and using functions

Constructing Basic Formulas and using functions. Microsoft Excel. 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).

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Constructing Basic Formulas and using functions

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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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