Exam 2: Formulas and Functions

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If a cell containing the formula =$B$14 is not copy and pasted,but moved four columns over and four rows down,what would the resultant cell reference become?

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D

If the cell reference $A5 in a formula is copied and pasted over two columns and down two rows from its original cell,what the cell reference become in the new cell.

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B

It is very important to sort the first column in a table lookup array in descending order.

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False

In a lookup table,the number of the column which contains the return values is called the ________.

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Where does Excel automatically display statistics like count,average,and sum when a range of values is selected?

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Match the result with the function using the following numbers, 21, 42, 97, 1, 14, 199 [to two decimal places]:
1
COUNT
62.33
MAX
31.50
AVERAGE
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Responses:
1
COUNT
62.33
MAX
31.50
AVERAGE
199
MEDIAN
6
MIN
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The ________ function finds the largest value in a range.

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What describes a function's purpose?

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If a cell containing =B$14 is copy and pasted three columns over and two rows down,what would the resultant cell reference become?

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What error will you get if you type a function name incorrectly?

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Match the example with the function or feature:
=$A$54
Mixed reference
=A54
Ensures text entry
=$A54
Function
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=$A$54
Mixed reference
=A54
Ensures text entry
=$A54
Function
=SUM(A54:B97)
Absolute reference
"Ohio"
Relative reference
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What type of cell reference should be used when a value remains constant?

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The most used logical function is the IF function.

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Match the following terms with their description:
Function ScreenTip
Matches letters as you type
Quick Analysis
Can be used to apply formatting and insert basic functions
Logical test
A set of rules
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Responses:
Function ScreenTip
Matches letters as you type
Quick Analysis
Can be used to apply formatting and insert basic functions
Logical test
A set of rules
Formula AutoComplete
Evaluates to True or False
Syntax
Pop-up description
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The MIN and MAX functions can be used with ________ as well as numbers.

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If you are looking up exact values in a lookup table then it does not matter how the table is sorted.

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The default calculation using the PMT function will produce a negative number.

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What does the AVERAGE function not ignore?

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In the PMT function,the PV argument refers to the ________ of the loan.

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The test argument in an IF statement must evaluate to either ________.

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