Exam 27: Using Functions

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The ____________________(text) function converts the first letter of each word in the specified cell to uppercase and the rest to lowercase.

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PROPER

The ____ function replaces existing text in a specified cell with new text.

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C

The ____________________ is the value the function uses to perform a calculation, including a number, text, or a cell reference that acts as an operand.

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The rounding operation requires two arguments, which are separated by a comma.

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The function ____ returns the estimated variance of the numbers in the range.

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=ROUND(142.3433,-2) returns 142.34 .

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____ helps you enter a formula with a valid function name and arguments. As you begin to type the function name, a list of function names appears below the active cell.

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Case EX 5-2 Sam is using the functions within Excel to complete questions in a school homework assignment. Sam needs to round some figures in a worksheet. The Round function is considered to be a _____ function.

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Please briefly describe the DATE and NOW functions, including how the formula is written, any arguments involved, and a situation of when you would use that function: DATE and NOW.

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Because Excel includes so many functions, the best way to select a function is from the Excel Help.

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The AND function returns the result of ____ if any or all of the arguments are false.

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A keyboard shortcut is a shorthand way to write an equation that performs a calculation.

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The ____ function returns the current date and time based on the computer's date and time settings.

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FIGURE EX 5-1 FIGURE EX 5-1   In Figure EX 5-1 above, the annual interest rate is ____. In Figure EX 5-1 above, the annual interest rate is ____.

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In a PMT function, the argument indicated by fv refers to ____.

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Logical functions can determine the average, standard deviation, or variance of a range of data.

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The selection is the body of numbers the statistics will describe.

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You must use double brackets to enclose the text you want the IF function to return in the second and third arguments.

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Some mathematical operations, such as addition, subtraction, multiplication, and division, do not require functions.

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The primary financial functions are future value, present value, and payment .

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