Chapter 2:
Excel Formulas
Chapter Skills
•
Recall the four goals of good spreadsheet design:
•
Copy and paste formulas using cell references
•
entering cell references into formulas
•
use absolute cell references in formulas
•
use relative cell references in formulas
•
use mixed cell references in formulas
•
Construct formulas using correct order or operations
(PEMDAS:
P
lease
E
xcuse
M
y
D
ear
A
unt
S
ally)
•
Use references to assumption cells in formulas
•
View all worksheet formulas
•
•
Recognize the advantages of using named cell ranges in Excel formulas
•
Use named cell ranges in formulas
•
Recall common causes of the following error values:
(For this chapter, you need to know cause(s) for only the first 3 error values listed
below.)
•
#######
(Introduced in Chapter 1)
•
#NAME?
•
#REF!
•
#VALUE!
(wait until Chapter 3 for this one)
•
Recall three
types
of errors encountered in Excel formulas
•
Troubleshoot formula errors using the
Evaluate Formula
feature
•
Properly apply worksheet protection
Chapter Vocabulary
•
cell reference: location (involves the row and the column)
•
absolute cell reference: references exact cell in old and new locations. Neither
column nor row adjustsuse the $ sign. So when you copy and paste it stays
exactly the same. $A$2 (both stay the same) F4 makes the cell absolute.
•
relative cell reference: (default reference) both row and column reference change
relative to the pasted location
•
mixed cell reference: row or column changes, but not both.
•
assumption cell
1
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“named” cell range (a.k.a. "range name")
•
formula error value
Chapter Demonstration 1
1.
Open the practice file “ProductMix_exCh2.xlsx” that is posted on Blackboard.
2.
Construct a formula in cell D7 that calculates the total product labor cost for Product 1.
a.
Select cell D7 and type in the = sign
b.
Select the cell (use mouse) that contains the unit cost for labor.
c.
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 Spring '08
 MTGriffin
 Formulas, relative cell reference

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