A set of rules that governs the structure and components for properly entering a function |
Syntax |

Displays the current date |
TODAY |

indicates a cell’s specific location, the cell reference does not change when you copy the formula |
Absolute cell reference |

An input, such as a cell reference or value, needed to complete a function |
Argument |

Identifies the highest value in a range |
MAX Function |

Tallies the number of cells in a range that contains values |
COUNT Function |

Looks up a value in a vertical lookup table and returns a related result from the lookup table |
VLOOKUP |

A range that contains data for the basis of the lookup and data to be retrieved |
Lookup Table |

Calculates the arithmetic mean, or average of values in a range |
AVERAGE |

Indentifies the midpoint value in a set of values |
MEDIAN Function |

Displays current date and time |
TODAY Function |

Evaluates a condition and returns one value if the condition is true and a different value if the condition if false |
IF Function |

Calculates the total of values contained in two or more cells |
SUM Function |

Calculates the periodic payment for a loan with a fixed interest rate and fixed term |
PMT Function |

Indicates cells location from the cell containing the formula; the cell reference changes when the formula is copied |
Relative Cell Reference |

Contains both an absolute and relative cell reference in a formula; the absolute part does not change but the relative part does when you copy your formula |
Mixed Cell Reference |

An expression that evaluates true or false |
Logical Test |

Displays lowest value in a range |
MIN Function |

If Cell E15 contains the formula =$c$5*J$15, what type of reference is the J$15 in the formula? |
Mixed Reference |

What function would most efficiently accomplish the same thing as =(B5+C5+D5+E5+F5)/5? |
=AVERAGE(B5:F5) |

When you start to type =AV, what feature displays a list of functions and defined names? |
Formula AutoComplete |

A formula containing the entry =$B3 is copied to a cell one column to the right and two rows down. How will the entry appear in its new location? |
=$B5 |

Which of the following functions should be used to insert the current date and time in a cell? |
=NOW() |

Which of the following is not an argument of the IF function? |
A) value_if_true B) value_if_false C) logical_test D) lookup_value Answer is D) |

Which of the following is not true about the VLOOKUP function? |
A)The lookup table must be in ascending order B)the lookup table must be in descending order C)The default match type is approximate D)The match type must be false when completing Answer is B) |

The function =PMT(C5,C7,-C3) is stored in cell C15. What must be stored in cell C5? |
Periodic Interest Rate |

Which of the following is not an appropriate use of the SUM function? |
A) =SUM(B3:B45) B) =SUM(F1:G10) C)=SUM(A8:A15,D8:15) D)=SUM(D15-C15) Answer is D) |

What is the keyboard shortcut to create an absolute reference? |
F4 |

# Excel Chapter 2

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