Exam 19: Excel: Formulas and Functions: Performing Quantitative Analysis

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Syntax:

(Multiple Choice)
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Match the terms to their descriptions:
Lookup table
range containing values or text that can be retrieved
Quick Analysis
lowest value for a category or in a series
Logical test
set of analytical tools in Excel 2013
Correct Answer:
Verified
Premises:
Responses:
Lookup table
range containing values or text that can be retrieved
Quick Analysis
lowest value for a category or in a series
Logical test
set of analytical tools in Excel 2013
Nested function
when one function is embedded as an argument within another function
Breakpoint
formula that contains either a value or an expression that evaluates to true or false
(Matching)
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What does the MEDIAN function do?

(Multiple Choice)
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Because the SUM function is a rarely used function it has no button on the Ribbon.

(True/False)
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A mixed cell reference:

(Multiple Choice)
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The ________ function category performs calculations such as averages and standard deviations.

(Short Answer)
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Match the function categories to their descriptions:
Lookup & Reference
looks up values in cells and creates links to cells
Logical
provides methods for manipulating date and time values
Statistical
performs test with AND,OR,and NOT
Correct Answer:
Verified
Premises:
Responses:
Lookup & Reference
looks up values in cells and creates links to cells
Logical
provides methods for manipulating date and time values
Statistical
performs test with AND,OR,and NOT
Date & Time
averages and standard deviations,for example
Financial
performs financial calculations such as payments rates,and present value.
(Matching)
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While lookup tables are typically designed vertically,they can also be designed horizontally.

(True/False)
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Match the math and statistical functions to their descriptions:
=ROUND(number,num_digits)
counts how often a value appears in a given range
=FREQUENCY(data_array,bins_array)
displays the absolute value of a number
=MODE.SNGL(number1,[number2],... )
rounds a value number down to the whole number
Correct Answer:
Verified
Premises:
Responses:
=ROUND(number,num_digits)
counts how often a value appears in a given range
=FREQUENCY(data_array,bins_array)
displays the absolute value of a number
=MODE.SNGL(number1,[number2],... )
rounds a value number down to the whole number
=INT(number)
displays the most frequently occurring value in a list
=ABS(number)
numbers of 5 and greater go up and less than 5 go down
(Matching)
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The IF function in Excel 2013 has ________ arguments.

(Short Answer)
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What is the F4 key used for in Excel 2013?

(Essay)
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The IF function only evaluates a condition if the condition is true.

(True/False)
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Formula ________ displays a list of functions and defined names that match the letters that you start typing when creating a formula.

(Short Answer)
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How are an input area on a worksheet and absolute cell references related?

(Essay)
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A nested function:

(Multiple Choice)
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The second argument for the IF function is the logical test.

(True/False)
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A(n)________ cell reference provides a permanent reference to a specific cell.

(Short Answer)
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A circular reference:

(Multiple Choice)
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In Excel 2013,the function name describes the purpose of the function.

(True/False)
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The TODAY function displays what is due to be done today.

(True/False)
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