Exam 2: Formulas and Functions

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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.

(Multiple Choice)
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The ________ function finds the smallest value in a range.

(Short Answer)
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What does Excel use to indicate optional arguments in a function?

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FV is a required argument in the PMT function.

(True/False)
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A lookup table should contain at least two rows and two columns, not counting headings.

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The PMT function uses three required arguments and no optional arguments.

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

(Multiple Choice)
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Which of the following is not a valid lookup function?

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To look up an exact match, what should you enter in the range_lookup argument?

(Multiple Choice)
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There are rare occasions when both the second and third argument of an IF function are executed.

(True/False)
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The ________ feature in Excel displays various options when you type an equal (=)sign and then begin typing a function name.

(Short Answer)
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What keyboard shortcut will automatically update any formulas using =TODAY()or =NOW()?

(Multiple Choice)
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The TODAY()and NOW()functions are updated every time you open or ________ the spreadsheet.

(Short Answer)
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If you wanted to count the number of entries in a list that contained numbers, text, and blank cells, but ignore the blank cells, which function would you use?

(Multiple Choice)
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Match the following terms with their description:
Relative cell references
Required input in a function
Mixed cell references
Does not change when you copy and paste a formula
Function
Changes when you copy and paste a formula
Correct Answer:
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Premises:
Responses:
Relative cell references
Required input in a function
Mixed cell references
Does not change when you copy and paste a formula
Function
Changes when you copy and paste a formula
Argument
Part of it changes when you copy and paste a formula
Absolute cell references
Simplifies complex calculations
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A function's ________ defines the rules by which the function operates.

(Short Answer)
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What punctuation is used to separate the two cell references in a range?

(Multiple Choice)
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The VLOOKUP function has four required arguments.

(True/False)
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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.

(True/False)
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This is not a valid way to use the MAX function: =MAX(a4:d11, f1:f2)

(True/False)
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