Chapter 2 – Formulas, Functions, Cell References

Perhaps the most valuable feature of Excel is its ability to produce mathematical outputs using the data in a workbook. This chapter reviews several mathematical outputs that you can produce in Excel through the construction of formulas and functions. The chapter begins with the construction of formulas for basic and complex mathematical computations. Then, we look at auditing formulas to make sure that our work is accurate, valid, and reliable. The third section reviews statistical functions, such as SUM, AVERAGE, MIN, and MAX, which can be applied to a range of cells. All of the functions and features used in this chapter will return in the rest of our book in some shape or form, so please invest sufficient time in practicing.


Adapted by Mary Schatz from How to Use Microsoft Excel: The Careers in Practice Series, adapted by The Saylor Foundation without attribution as requested by the work’s original creator or licensee, and licensed under CC BY-NC-SA 3.0.


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Excel For Decision Making Copyright © by Emese Felvegi; Noreen Brown; Barbara Lave; Julie Romey; Mary Schatz; Diane Shingledecker; and Robert McCarn is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.