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Excel Ch 02
Formulas and Functions
| Question | Answer |
|---|---|
| A formula in Excel must begin with: | an Equals (=) sign |
| A relative cell reference: | indicates a cell's relative location from the cell containing the formula; the reference changes when you copy the formula. |
| A circular reference: | occurs when a formula directly or indirectly refers to the cell containing the formula. |
| Excel displays a green arrow in the top left corner of a cell if it detects a: | potential error. |
| A function is a: | redefined formula that performs a calculation. |
| An argument (as it applies to Excel 2010): | is an input such as a cell reference or a value needed to complete a function. |
| The SUM function: | calculates the total of values contained in two or more cells. |
| For a BASIC/SIMPLE mathematical expression it is best to use: | Formulas, such as =B4+C4. |
| The AVERAGE function: | calculates the arithmetic mean or average of values in a range. |
| The MIN function: | displays the lowest value in a range. |
| The COUNT function: | tallies the number of cells in a range that contain values. |
| The COUNTA function: | tallies the number of cells in a range that are not empty. |
| The MAX function: | identifies the highest value in a range. |
| The TODAY function displays the current date (not time). | True |
| The NOW function evaluates a condition and returns one value if the condition is true and a different value if the condition is false. | False |
| The IF function evaluates a condition and returns one value if the condition is true and a different value if the condition is false. | True |
| A nested function is the lowest value for a specific category or series in a lookup. | False |
| A lookup table contains data for the basis of the lookup and the data to be retrieved. | True |
| The breakpoint is a reference to a cell containing a value to look up. | True |
| The VLOOKUP function looks up a value and returns a related result from a column in the lookup table. | True |
| The column index number is the periodic interest rate, such as a monthly interest rate. | True |
| The PMT function is the total number of payment periods. | False |
| The NPER is the total number of payment periods. | True |
| A range name indicates a cells relative location from the cell containing the formula. | False |
| To simplify entering ranges in formulas, you can use range names. | True |
| D15 contains the formula =$C$5*D15, what is the D15 in the formula | Circular reference |
| What function would most appropriately accomplish the same thing as =(B5+C5+D5+E5+F5)/5 | =averarage(B5:F5) |
| When you type a function, what appears after you type the opening parenthesis | Function Screen Tip |
| A formula containing the entry =-$B3 is copied to a cell one column to the right and two row down. How will the entry appear in the new location | =$B5 |
| Cell B10 contains a date, such 1/1/2012. Which formula will determine how many days are between that date and the the current date, given that the cell containing the formula is the formatted with Number Format | +TODAY()-B10 |
| Given that cellsA1, A2 andA3contain values 2, 2 and 10respectively, and B6, C6, and D6contain values 10, 20, and 30, respectively, what value will be returns by the function =IF(B6.A3, C6*A1, D6*A2)? | 90 |
| Given the function+VLOOKUP(C6,D12:F18,3), the entries in: | Range D12:D18 are in ascending order |
| The function =PMT(C5,C7,-C3)is stored in cell c15. What must be stores in cell c7? | Number of payment periods |
| Which of the following is not an appropriate use of the SUM function? | =SUM(D15-C15) |
| Which of the following is not an acceptable range name? | Goal for 2012 |