How Formulas Can Enhance Excel Worksheet
Formulas can be useful when designing spreadsheets; sometimes, it’s necessary to manually compute certain factors or specify calculations based on relative cell references.
For this discussion, research two or three Excel functions (“=SOMETHING”) that could be useful when applying statistics in an Excel worksheet. Develop an original response to the following questions:
What is the background and purpose of each formula?
How could each formula be useful for the hypothetical scenarios in this class or another statistical purpose in academic research?
How Formulas Can Enhance Excel Worksheet
Author’s Name
Institutional Affiliation
Course Code and Name
Professor’s Name
Date
How Formulas Can Enhance Excel Worksheet
Excel formulas are vital in designing spreadsheets since they facilitate calculations based on relative cell references. In particular, Excel is one of the powerful data analysis tools that is frequently used by statisticians when analyzing small and medium-scale data (Lee, Kerler, & Ivancevich, 2018). The two primary Excel functions that could be useful in statistics emphasized in this paper are SUM and AVERAGE.
The SUM function is used to calculate the sum or total values of the cell range selected. The most significant thing about this Excel function is that it can be inserted manually to calculate the sum of specific values in the selected cells (Qarkaxhija, 2018). For instance, let’s