Exam 5: Complex Conditional and Retrieval Functions

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All of the following statements are TRUE about the IF function EXCEPT:

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The IF function provides two outcomes,one when its logical test is true and one when its logical test is false.

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Match the following terms to their description.
Conditional aggregate function
A function that uses IF functions as arguments within another IF function
IFERROR function
A function that allows evaluation of multiple logical tests and enables linking or joining of functions or formulas
Conjunction function
A function that consolidates or summarizes a subset of data that has been filtered based upon one or more criteria
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Conditional aggregate function
A function that uses IF functions as arguments within another IF function
IFERROR function
A function that allows evaluation of multiple logical tests and enables linking or joining of functions or formulas
Conjunction function
A function that consolidates or summarizes a subset of data that has been filtered based upon one or more criteria
Nested IF
A function that calculates on a subset of data that meets specified criteria
Conditional statistical function
A function that evaluates if an error occurs and replaces an error message with a user supplied error message
(Matching)
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The ________ function returns the value of an element in a table or array selected by the row and column number indexes.

(Short Answer)
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The INDIRECT function is valuable because it can change a cell reference to a text string.

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A ________ IF function uses IF functions as arguments within another IF function.

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The first argument of the AVERAGEIF function is ________.

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The ________ argument of the COUNTIF function is the logical statement that will determine which cells to count.

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The ________ function sums data and allows for more than one filtering criteria.

(Short Answer)
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The OR function is used when any combination of logical tests has at least one TRUE outcome.

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Conditional math functions include SUMIF and SUMIFS functions.

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Which of the following is NOT a common logical function?

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All of the following statements are TRUE about conditional aggregate functions EXCEPT:

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The third argument of the VLOOKUP function is ________.

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The symbols < and > are examples of logical ________.

(Short Answer)
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Excel color codes parentheses for each function used in a nested function.

(True/False)
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The ________ function is a useful tool for detecting an error and displaying something more user friendly than the error message.

(Short Answer)
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The INDEX function works with the MATCH function extremely well because the MATCH function indicates the row where a match was found,and then the INDEX function can go to that row and another column to retrieve associated data.

(True/False)
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________ functions enable evaluation and choices to be integrated into an Excel spreadsheet.

(Multiple Choice)
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The third argument of the AVERAGEIF function is only required if one range of data is being averaged based on the ________ of a second range.

(Short Answer)
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