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Chapter 5 : PowerPoint Presentation GO! with Microsoft Excel 2007 Comprehensive 1e - Original Chapter 5 Chapter 5 Making Decisions with Functions. Objectives. Create Text Functions Create Statistical Functions Insert Date and Time Functions Create Logical Functions and Insert a Comment. - PowerPoint PPT Presentation

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Chapter 5: PowerPoint Presentation GO! with Microsoft Excel 2007 Comprehensive 1e - Original Chapter 5

Chapter 5Making Decisions with Functions

with Microsoft Excel 2007 Comprehensive 1e 2008 Pearson Prentice Hall#

1ObjectivesCreate Text FunctionsCreate Statistical FunctionsInsert Date and Time FunctionsCreate Logical Functions and Insert a Commentwith Microsoft Excel 2007 Comprehensive 1e 2008 Pearson Prentice Hall#ObjectivesInsert Financial FunctionsCreate What-If Analysis with Goal SeekDetermine Future Value and Present Value

with Microsoft Excel 2007 Comprehensive 1e 2008 Pearson Prentice Hall#Create Text FunctionsFunctions are built-in formulas that complete tasks quickly.Functions are usually used for complex mathematical calculations.They are also used for formatting purposes.

with Microsoft Excel 2007 Comprehensive 1e 2008 Pearson Prentice Hall#Create Text FunctionsText functions, such as the TRIM and PROPER functions, format text or add text to a cell.The PROPER function capitalizes the first letter of each word in a cell entry.

The TRIM function removes all spaces from text except for single spaces between words.

with Microsoft Excel 2007 Comprehensive 1e 2008 Pearson Prentice Hall#Create Text Functions

=UPPER(A2) Changes text to all UPPERCASE (NANCY DAVOLIO) =LOWER(A2) Changes text to all lowercase (nancy davolio) =PROPER(A2) Changes text to Title Case (Nancy Davolio)with Microsoft Excel 2007 Comprehensive 1e 2008 Pearson Prentice Hall#Create Statistical FunctionsStatistical functions provide statistical analysis of a worksheet.The median is the value at the midpoint of a series of numbers.The mode is the value that occurs the most often in a list of numbers.with Microsoft Excel 2007 Comprehensive 1e 2008 Pearson Prentice Hall#

7Create Statistical FunctionsAfter you type an = (equal sign) and the beginning letters of a function, Excel displays a dynamic list of valid functions.

List of function choiceswith Microsoft Excel 2007 Comprehensive 1e 2008 Pearson Prentice Hall#Figure 5.5

8Create Statistical FunctionsThe COUNT function counts the number of cells in the selected range that contain numeric values.The COUNTA function counts the number of cells in the range that are not empty.with Microsoft Excel 2007 Comprehensive 1e 2008 Pearson Prentice Hall#Insert Date and Time FunctionsDate and time functions can be static or volatile. A static date or time remains the same and does not change. A volatile date or time is updated each time the worksheet is used.

with Microsoft Excel 2007 Comprehensive 1e 2008 Pearson Prentice Hall#Insert Date and Time FunctionsThe TODAY function returns the current date. Each time the worksheet is opened, the TODAY function recalculates so the current date displays.Click the Formulas tab, and in the Function Library group, click the Date and Time button. From the displayed list click TODAY.

with Microsoft Excel 2007 Comprehensive 1e 2008 Pearson Prentice Hall#Logical functions test a logical comparison between expressions.They determine whether the conditions are true or false.

Create Logical Functions and Insert a Commentwith Microsoft Excel 2007 Comprehensive 1e 2008 Pearson Prentice Hall#The AND function tests two or more arguments to see whether they are true or false. Returns TRUE if all arguments are true. Returns FALSE if any argument is not true.The OR function tests two or more arguments to see whether they are true or false and returns TRUE when any one of the arguments is true.Create Logical Functions and Insert a Commentwith Microsoft Excel 2007 Comprehensive 1e 2008 Pearson Prentice Hall#Create Logical Functions and Insert a CommentComments can provide additional information that explains the data in a worksheet.A comment is a remark that is attached to a specific cell but does not display with the worksheet.An indicator alerts the user that a comment is attached to the cell.with Microsoft Excel 2007 Comprehensive 1e 2008 Pearson Prentice Hall#Printing comments:Comments can be printed as they are displayed.Or they can be printed as text at the end of the worksheet.

Create Logical Functions and Insert a Commentwith Microsoft Excel 2007 Comprehensive 1e 2008 Pearson Prentice Hall#Create Logical Functions and Insert a Comment

CommentComments groupRed triangle indicatescomment is in cell

with Microsoft Excel 2007 Comprehensive 1e 2008 Pearson Prentice Hall#Figure 5.15

16Insert Financial FunctionsExcel provides more than 50 financial functions.Three functions that are frequently used are: Future value: FV (rate, periods, payment)Payment: PMT (rate, periods, loan amount)Present value: PV (rate, periods, payment) with Microsoft Excel 2007 Comprehensive 1e 2008 Pearson Prentice Hall#Insert Financial Functions

Formulas tabRequired argumentsName of functionwith Microsoft Excel 2007 Comprehensive 1e 2008 Pearson Prentice Hall#Figure 5.22

18Create What-If Analysis with Goal Seek Goal Seek is one of Excels what-if analysis tools.Its used to find a specific value for a cell by adjusting the value in another cell.

with Microsoft Excel 2007 Comprehensive 1e 2008 Pearson Prentice Hall#Create What-If Analysis with Goal SeekTo use Goal Seek: Select the Data tab. In the Data Tools group, click the What-If Analysis button.In the displayed list, click Goal Seek.

with Microsoft Excel 2007 Comprehensive 1e 2008 Pearson Prentice Hall#Create What-If Analysis with Goal SeekWhat-If Analysis buttonData Tools groupGoal Seek dialog box

with Microsoft Excel 2007 Comprehensive 1e 2008 Pearson Prentice Hall#Figure 5.34

21Determine Future Value and Present ValueTwo financial functions that are used frequently in business are FV and PV:Future value (FV) is the amount that an investment made today will be worth in the future.Present value (PV) is the amount of money invested now in order to have a specific amount of money at a future time.with Microsoft Excel 2007 Comprehensive 1e 2008 Pearson Prentice Hall#Covered ObjectivesCreate Text FunctionsCreate Statistical FunctionsInsert Date and Time FunctionsCreate Logical Functions and Insert a Commentwith Microsoft Excel 2007 Comprehensive 1e 2008 Pearson Prentice Hall#Covered ObjectivesInsert Financial FunctionsCreate What-If Analysis with Goal SeekDetermine Future Value and Present Valuewith Microsoft Excel 2007 Comprehensive 1e 2008 Pearson Prentice Hall#