Deck 8: Calculating Data With Formulas and Functions

Question 1

A mixed reference "locks" one part of the cell reference while the other part can change.

Answer 1

True

Question 2

To display the current date and time, which is updated each time the workbook is reopened,
use the TODAY function.

Answer 2

False

Question 3

An error value indicates that some part of a function is preventing Excel from returning a calculated value. ________________

Answer 3

False
formula

Question 4

Optional arguments are always placed first in the argument list.

Question 5

The Fill Formatting Only option, which is the default, copies both the content and the formatting. ______________

Question 6

An argument can be any type of value including text, numbers, cell references, or even other formulas or functions. _______________

Question 7

Functions are organized in the Function Library group on the FORMULAS tab.

Question 8

Goal Seek automates the trial-and-error process by allowing you to specify a value for
a calculated item, which Excel uses to determine the input value needed to reach that
goal. _________________________

Question 9

The WORKDAY function displays the date of the weekday a specific number of weekdays past a starting date.

Question 10

One challenge of nesting functions is to make sure that you include all of the parentheses.

Question 11

By default, AutoFill copies only the content not the formatting of the original range to the selected range.

Question 12

A trial-and-error method lets you explore the impact that changing input values has on the
calculated values in the workbook. _________________________

Question 13

The IF function is a logical function that returns one value if a condition is true, and returns a different value if that condition is false.

Question 14

A lookup table organizes numbers or text into categories. _____________

Question 15

A constant is a value in a formula that doesn't change.

Question 16

Lookup tables can be constructed for exact match or approximate match lookups.

Question 17

The following mixed reference in the formula, $A5, has an absolute column reference and a relative row reference. _________________________

Question 18

An error value begins with a pound sign (#) followed by an error name that indicates the type of error.

Question 19

The statement "A1 >= B1" tests whether the value in cell A1 is lesser than or equal to the value in cell B1. _________________________

Question 20

When a formula includes a cell reference, Excel interprets that cell reference as being located relative to the position of the current cell. _________________

Question 21

After you describe a function in the Search for a function box in the Insert Function dialog box, click ____.

A) Go
B) Select
C) Insert
D) Next

Question 22

MATCHING
a.NOW
b.error value
c.COUNTA
d.<
e.MEDIAN
f.Mon, Tues, Wed, Thurs, Fri
g.F4
h.absolute
i.nested
j.mixed
AutoFill pattern

Question 23

MATCHING
a.NOW
b.error value
c.COUNTA
d.<
e.MEDIAN
f.Mon, Tues, Wed, Thurs, Fri
g.F4
h.absolute
i.nested
j.mixed
Used to cycle through reference types

Question 24

Referring to the figure above, which number represents the COUNT function?

A) 1
B) 2
C) 3
D) 4

Question 25

MATCHING
a.NOW
b.error value
c.COUNTA
d.<
e.MEDIAN
f.Mon, Tues, Wed, Thurs, Fri
g.F4
h.absolute
i.nested
j.mixed
A function inside another function

Question 26

MATCHING
a.NOW
b.error value
c.COUNTA
d.<
e.MEDIAN
f.Mon, Tues, Wed, Thurs, Fri
g.F4
h.absolute
i.nested
j.mixed
A date and time function

Question 27

The numbers, text, or cell references used by the function to return a value are called ____.

A) expressions
B) arguments
C) data
D) values

Question 28

Referring to the figure above, the last entry shown in Column K is 644.7953813. There is a black "plus sign" on the lower right edge of the cell that is the ____.

A) fill handle
B) Auto Fill Options button
C) formula finder
D) function finder

Question 29

MATCHING
a.NOW
b.error value
c.COUNTA
d.<
e.MEDIAN
f.Mon, Tues, Wed, Thurs, Fri
g.F4
h.absolute
i.nested
j.mixed
Contains both relative and absolute references.

Question 30

Which of the following is a Statistical function?

A) INT
B) RAND
C) ROUND
D) AVERAGE

Question 31

MATCHING
a.NOW
b.error value
c.COUNTA
d.<
e.MEDIAN
f.Mon, Tues, Wed, Thurs, Fri
g.F4
h.absolute
i.nested
j.mixed
A comparison operator

Question 32

MATCHING
a.NOW
b.error value
c.COUNTA
d.<
e.MEDIAN
f.Mon, Tues, Wed, Thurs, Fri
g.F4
h.absolute
i.nested
j.mixed
A Statistical function that calculates the middle value of a collection of numbers

Question 33

Which of the following is a Math & Trig function? ____

A) INT
B) COUNT
C) MIN
D) AVERAGE

Question 34

MATCHING
a.NOW
b.error value
c.COUNTA
d.<
e.MEDIAN
f.Mon, Tues, Wed, Thurs, Fri
g.F4
h.absolute
i.nested
j.mixed
References that are fixed

Question 35

MATCHING
a.NOW
b.error value
c.COUNTA
d.<
e.MEDIAN
f.Mon, Tues, Wed, Thurs, Fri
g.F4
h.absolute
i.nested
j.mixed
Function counts the number of nonblank cells in the specified range

Question 36

MATCHING
a.NOW
b.error value
c.COUNTA
d.<
e.MEDIAN
f.Mon, Tues, Wed, Thurs, Fri
g.F4
h.absolute
i.nested
j.mixed
Indicate that some part of formula is preventing Excel from returning a calculated value.

Question 37

=ROUND(AVERAGE(A1:A100),2) is an example of a(n) ____ function.

A) complex
B) logical
C) absolute
D) nested

Question 38

Referring to the figure above, the last entry shown in Column K is 644.7953813. There is an icon in the cell underneath the 644.7953813 which is the ____.

A) fill handle
B) Auto Fill Options button
C) formula finder
D) function finder

Question 39

The ____ category of Excel functions returns (true-false) values

A) Information
B) Statistical
C) Logical
D) Math & Trig

Question 40

The ____ category of Excel functions retrieves data from multidimensional databases involving online analytical processing.

A) OLAP
B) Cube
C) Logical
D) Text

Question 41

One of the great advantages of ____ references is that you can quickly generate row and column totals without having to worry about revising the formulas as you copy them to new locations.

A) cell
B) relative
C) absolute
D) formula

Question 42

Which of the following is not a comparison operator? ____

A) =
B) <=
C) <<
D) <>

Question 43

When you copy a formula that contains an absolute reference to a new location, the reference ____.

A) is updated automatically
B) does not change
C) becomes bold
D) has a dotted outline in its cell

Question 44

____ arguments may provide more control over the returned value.

A) Relative
B) Required
C) Optional
D) Absolute

Question 45

In the formula =INT(AVERAGE(A1:A100)), which would occur first? ____

A) The average of the values in the range A1:A100 is added to the integer.
B) The average of the integer value is calculated.
C) The average of the values in the range A1:A100 is calculated.
D) The integer portion of the value is extracted.

Question 46

Which function counts how many cells in a range contain numbers, where value1, value2, and so forth are text, numbers, or cell references?

A) SUM
B) COUNT
C) COUNTA
D) AUTOSUM

Question 47

FUNCTION(argument1, argument2, ...) is ____.

A) the syntax of writing optional arguments
B) an example of a formula
C) the general syntax of all functions
D) the general syntax of all formulas

Question 48

Excel functions are organized into ____ categories.

A) 8
B) 10
C) 11
D) 12

Question 49

Referring to the figure above, which number refers difference between the scheduled and
Attended workouts.

A) 1
B) 2
C) 3
D) 4

Question 50

Absolute references are marked with a ____.

A) <
B) :
C) $
D) !

Question 51

If an optional argument is not included, Excel assumes a(n) ____ value for it.

A) default
B) generic
C) static
D) absolute

Question 52

In "SUM(number1 [, number2, number3, ...])", number 1, number 2, and number 3 may be numbers or ____.

A) letters
B) cell references
C) symbols
D) operators

Question 53

In the following formula: =IF(A1="YES", "DONE", "RESTART"), what happens if A1= "NO"?

A) The formula returns the text "RESTART".
B) The formula returns the text "DONE".
C) The formula returns the text "NO".
D) The formula returns the text "NO, RESTART".

Question 54

Which of the following is not a date function? ____

A) YEAR
B) NOW
C) AND
D) TODAY

Question 55

When you nest functions, you should have ____.

A) the equal sign
B) the same number of left and right parentheses
C) at least two functions
D) the correct number of brackets

Question 56

Which of the following is not an Excel function category? ____

A) Math & Trig
B) Algebra
C) Statistical
D) Text

Question 57

Which category of Excel functions returns information about the format, location, or contents of worksheet cells? ____

A) Location
B) Information
C) Reference
D) Description

Question 58

Use ____ references when you want different formulas to refer to the same cell.

A) mixed
B) relative
C) absolute
D) fixed

Question 59

The ____ function returns the maximum value in the range.

A) TOP
B) FIRST
C) MAX
D) MOST

Question 60

Another name for the middle value is the ____ value.

A) mode
B) center
C) median
D) relative

Question 61

Susan is in charge of the inventory reports for her company. She will need to find specific inventory items as well as project increases in inventory costs. To get ready she will create a worksheet and use the Microsoft Excel 2013 Analysis tools.
Susan designs a worksheet with the inventory number, description, quantity, unit cost, reorder point and value. To find values in tables of data, and insert them in another location in the worksheet such as cells or in formulas, she will use ________.

A) Max function
B) Lookup function
C) CountA function
D) Sum function

Question 62

=IF(G22= "x ", SUM(H22:J22), " ") with display ______ if G22 is not equal to "x".

A) a blank cell
B) the result of the SUM
C) dashes
D) False

Question 63

Ellen is a recent college graduate. She has decided to open a T-Shirt business and would like to create budget worksheet using Microsoft Excel 2013. She need to keep track of her expenses and income for the year.
Ellen has entered all of her monthly expenses. She needs to create a formula that will deduct her monthly expenses from her monthly income. Since her monthly income is the same amount each month, she uses a(n)____ to identify the cell containing the income value.

A) relative reference
B) absolute reference
C) mixed reference
D) fixed reference

Question 64

The Insert Function dialog box has a(n) ____ option.

A) search
B) formatting
C) find and replace
D) expand/collapse

Question 65

Using AutoFill, what would be the extended series of the initial entry Jan? ___

A) uary
B) Feb, Mar, Apr
C) Kan, Lan, Man, Nan
D) Jan1, Jan2, Jan3,

Question 66

If the VLOOKUP function cannot find the lookup value, the _________ error value is displayed in the cell.

A) #VALUE
B) #N/A
C) #ERROR
D) #NULL

Question 67

Using the AutoFill Options button, the Fill Without Formatting option copies the ____ but not the formatting.

A) functions
B) content
C) cell references
D) left-aligns

Question 68

In the formula =IF(A1=B1, C1, C2), the result will be C2 if ____.

A) A is equal to B
B) A does not equal B
C) A1+B1 is equal to C1
D) A1>B1 is equal to C2

Question 69

Susan is in charge of the inventory reports for her company. She will need to find specific inventory items as well as project increases in inventory costs. To get ready she will create a worksheet and use the Microsoft Excel 2013 Analysis tools.
Susan needs to use a lookup function to find an exact match of an inventory item, so she will set the range_lookup value to _______ .

A) EXACT
B) 1
C) TRUE
D) FALSE

Question 70

Susan is in charge of the inventory reports for her company. She will need to find specific inventory items as well as project increases in inventory costs. To get ready she will create a worksheet and use the Microsoft Excel 2013 Analysis tools.
Susan uses VLOOKUP to retrieve the return value from a vertical lookup table. When she enters the VLOOKUP function, specifying the lookup value and other criteria, the lookup value cannot be found. It displays ______ error value in the cell.

A) #####
B) #Value
C) #N/A
D) Value not found

Question 71

Ellen is a recent college graduate. She has decided to open a T-Shirt business and would like to create budget worksheet using Microsoft Excel 2013. She need to keep track of her expenses and income for the year.
Ellen's spending varies from month to month. She wants to calculate the total expenses for each month. She wants to see all of the arguments associated with the SUM function so she clicks the ____ then clicks SUM to open the Function Arguments dialog box.

A) Math & Trig button in the Formula group
B) Math & Trig button in the Function Library group
C) Financial button in the Formual group
D) Financial button in the Function Library group

Question 72

______ functions find values in tables of data and insert them in another location in the worksheet such as cells or in formulas.

A) Sum
B) Average
C) Lookup
D) Find

Question 73

A logical function is a function that works with values that are either ____.

A) right or wrong
B) absolute or relative
C) positive or negative
D) true or false

Question 74

One way to perform a _________ is by changing one or more of the input values
To see how they affect the calculated results.

A) goal seek
B) gunction
C) search
D) what-if analysis

Question 75

Ellen is a recent college graduate. She has decided to open a T-Shirt business and would like to create budget worksheet using Microsoft Excel 2013. She need to keep track of her expenses and income for the year.
Ellen opens Excel 2013 and enters her monthly income for one year beginning with January. To create a series of months, she can ____.

A) Type = Jan-Dec in cell A1 and then press Enter.
B) Type January in cell A1 and then drag the filll handle.
C) Type =YEAR in cell A1 and then press Enter.
D) Type =DATE(Jan, Dec) in cell A1 and then press Enter.

Question 76

The Insert Function button is in the ____ group.

A) Calculation
B) Function Library
C) Sort & Filter
D) Home

Question 77

____ references are seldom used other than when creating tables of calculated values such as a multiplication table in which the values of the formula or function can be found in the initial rows and columns of the table.

A) Absolute
B) Relative
C) Mixed
D) Matched

Question 78

The fill handle copies ____.

A) content only
B) formats only
C) content and formats
D) formats and cell references

Question 79

Ellen is a recent college graduate. She has decided to open a T-Shirt business and would like to create budget worksheet using Microsoft Excel 2013. She need to keep track of her expenses and income for the year.
Ellen is expecting to get a 3% raise next year. She enters .03 in cell D2 so that she can predict her monthly income for the next year. What function key will make D2 an absolute reference?

A) F2
B) F4
C) F6
D) F1

Question 80

Ellen is a recent college graduate. She has decided to open a T-Shirt business and would like to create budget worksheet using Microsoft Excel 2013. She need to keep track of her expenses and income for the year.
Ellen wants to find out what her median monthly spending is. The monthly totals for her spending appear in the range A10:L10. Which of the following is NOT a way to enter the MEDIAN function into her database?

A) Type =MEDIAN(A10:L10) into an empty cell.
B) Select the range A10:L10, click the Quick Analysis button, click TOTALS, and then click Median.
C) Click the More Functions button in the Function Library group on the FORMULAS tab, point to Statistical, and then click MEDIAN.
D) Click the Insert Function button in the Function Library group on the FORMULAS tab, scroll the Select a function list, then click MEDIAN.