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Formulas and Functions
Open the file Exercomp
 Right click on Yearly
Sales and insert a new
worksheet for Info
 Fill in the
documentation as
shown
 Right click and rename
the tab Info
Entering a Formula
 A formula is an expression that returns a value
 A formula is written using operators that combine
different values, returning a single value that is then
displayed in the cell
 The most commonly used operators are arithmetic
operators
 The order of precedence is a set of predefined
rules used to determine the sequence in which
operators are applied in a calculation
Entering a Formula
Entering a Formula
Entering a Formula
 Click the cell in which you want the formula results to
appear
 Type + or = and an expression that calculates a
value using cell references and arithmetic operators
 Point to all cell references!
 Press the Enter key or press the Tab key to complete
the formula
Formulas usually use relative references
The Golden Rule of creating formulas
 Keep it simple
 Always Point
 When in doubt, break it out
 Format to eyeball
 Copy for accuracy
 Document all assumptions – use absolute
references if need!
 Use range names to make formulas make sense
 Have Excel help you create functions.
Demo!
Introducing Functions
 A function is a named operation that returns a value
 For example, to add the values in the range A1:A10,
you could enter the following long formula:
=A1+A2+A3+A4+A5+A6+A7+A8+A9+A10
Or, you could use the SUM function to accomplish
the same thing:
=SUM(A1:A10)
Entering Functions with
AutoSum
 The AutoSum button quickly inserts Excel functions
that summarize all the values in a column or row
using a single statistic
 Sum of the values in the column or row
 Average value in the column or row
 Total count of numeric values in the column or row
 Minimum value in the column or row
 Maximum value in the column or row
Hands on – Entering totals in Exercomp
Absolute References – F4
Predicting a Sales Increase
Mixed Reference
Function Syntax – get help!
Insert Function
Insert Function
VLookup
Vlookup – What value to lookup
Vlookup – Selecting the table
Vlookup – Selecting the Column
Result
Hlookup
Working with Logical Functions
 A logical function is a function that works with
values that are either true or false
 The IF function is a logical function that returns one
value if the statement is true and returns a different
value if the statement is false
 IF(logical_test, value_if_true, [value_if_false])
Working with Logical Functions
 A comparison operator is a symbol that indicates
the relationship between two values
Working with Logical Functions
 =IF(A1="YES", "DONE", "RESTART")
 =IF(A1="MAXIMUM", MAX(B1:B10), MIN(B1:B10))
 =IF(D33>0, $K$10, 0)
Working with Logical Functions
Working with Date Functions
Conditional formatting

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Day 4 more on formulas and functions

  • 2. Open the file Exercomp  Right click on Yearly Sales and insert a new worksheet for Info  Fill in the documentation as shown  Right click and rename the tab Info
  • 3. Entering a Formula  A formula is an expression that returns a value  A formula is written using operators that combine different values, returning a single value that is then displayed in the cell  The most commonly used operators are arithmetic operators  The order of precedence is a set of predefined rules used to determine the sequence in which operators are applied in a calculation
  • 6. Entering a Formula  Click the cell in which you want the formula results to appear  Type + or = and an expression that calculates a value using cell references and arithmetic operators  Point to all cell references!  Press the Enter key or press the Tab key to complete the formula
  • 7. Formulas usually use relative references
  • 8. The Golden Rule of creating formulas  Keep it simple  Always Point  When in doubt, break it out  Format to eyeball  Copy for accuracy  Document all assumptions – use absolute references if need!  Use range names to make formulas make sense  Have Excel help you create functions.
  • 10. Introducing Functions  A function is a named operation that returns a value  For example, to add the values in the range A1:A10, you could enter the following long formula: =A1+A2+A3+A4+A5+A6+A7+A8+A9+A10 Or, you could use the SUM function to accomplish the same thing: =SUM(A1:A10)
  • 11. Entering Functions with AutoSum  The AutoSum button quickly inserts Excel functions that summarize all the values in a column or row using a single statistic  Sum of the values in the column or row  Average value in the column or row  Total count of numeric values in the column or row  Minimum value in the column or row  Maximum value in the column or row
  • 12. Hands on – Entering totals in Exercomp
  • 14. Predicting a Sales Increase
  • 16. Function Syntax – get help!
  • 19.
  • 21. Vlookup – What value to lookup
  • 23. Vlookup – Selecting the Column
  • 26. Working with Logical Functions  A logical function is a function that works with values that are either true or false  The IF function is a logical function that returns one value if the statement is true and returns a different value if the statement is false  IF(logical_test, value_if_true, [value_if_false])
  • 27. Working with Logical Functions  A comparison operator is a symbol that indicates the relationship between two values
  • 28. Working with Logical Functions  =IF(A1="YES", "DONE", "RESTART")  =IF(A1="MAXIMUM", MAX(B1:B10), MIN(B1:B10))  =IF(D33>0, $K$10, 0)
  • 29. Working with Logical Functions
  • 30. Working with Date Functions