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Excel Chapter 2
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Terms in this set (35)
Absolute cell reference
A designation that provides a permanent reference to a specific cell. When you copy a formula containing an absolute reference, the cell reference in the copied formula does not change, regardless of where you copy the formula. An absolute cell reference appears with a dollar sign before both the column letter and the row number, such as $b$4.
Argument
A variable or constant input, such as a cell reference or value, needed to complete a function. The entire group of arguments for a function is enclosed in parentheses.
AVERAGE function
A predefined formula that calculates the arithmetic mean, or average, of values in a range.
Breakpoint
The lowest value for a specific category or series in a lookup table.
Circular reference
A situation that occurs when a formula contains a direct or an indirect reference to the cell containing the formula.
Column index number
The number of the column in the lookup table that contains the return values.
COUNT function
A predefined formula that tallies the number of cells in a range that contain values you can use in calculations, such as the numerical and date data, but excludes blank cells or text entries from the tally.
COUNTA function
A predefined formula that tallies the number of cells in a range that are not blank; that is, cells that contain data, whether a value, text, or a formula.
COUNTBLANK function
A predefined formula that tallies the number of cells in a range that are blank.
Formula AutoComplete
A feature that displays a list of functions and defined names that match letters as you type a formula.
Function
A predefined computation that simplifies creating a complex calculation and produces a result based on inputs known as arguments.
Function ScreenTip
A small pop-up description that displays the arguments for a function as you enter it directly in a cell.
HLOOKUP function
A predefined formula that looks up a value in a horizontal lookup table where the first row contains the values to compare with the lookup value.
IF function
A predefined logical formula that evaluates a condition and returns one value if the condition is true and a different condition if the value is false.
Logical test
An expression that evaluates to true or false; the first argument in an IF function.
Lookup table
A range that contains data for the basis of the lookup and data to be retrieved. In a vertical lookup table, the first column contains a list of values to compare to the lookup value. In a horizontal lookup table, the first row contains a list of values to compare to the lookup value.
Lookup value
The cell reference of the cell that contains the value to look up within a lookup table.
MAX function
A predefined formula that finds the highest value in a range.
MEDIAN function
A predefined formula that finds the midpoint value, which is the value that one half of the values in a list are above or below.
MIN function
A predefined formula that finds the lowest value in a range.
Mixed cell reference
A designation that combines an absolute cell reference with a relative cell reference.
Nested function
A function that contains another function embedded inside one or more of its arguments.
NOW function
A predefined formula that uses the computer's clock to display the current date and time in a cell.
Nper
The number of payment periods over the life of a loan or investment; the second argument in the PMT function.
PMT function
A predefined formula in Excel that calculates the periodic loan payment.
Pv
The present value of a loan or an annuity; the third argument in the PMT function and refers to the original amount of the loan.
Quick Analysis
A tool that provides a fast way to analyze a selected range of data by inserting basic calculations, charts, convert the data to a table, or apply conditional formatting or other analytical features.
Range name
A word or string of characters assigned to one or more cells. It can be up to 255 letters, characters, or numbers but must start with a letter or underscore and have no spaces or special symbols.
Rate
The periodic interest rate; the percentage of interest paid for each payment period; the first argument in the PMT function.
Relative cell reference
A designation that indicates a cell's relative location within the worksheet using the column letter and row number, such as b5. when a formula containing a relative cell reference is copied, the cell references in the copied formula change relative to the position of the copied formula.
SUM function
A predefined formula that calculates the total of values contained in two or more cells.
Syntax
The rules that dictate the structure and components required to perform the necessary calculations in an equation or to evaluate expressions.
Table array
The range that contains the body of the lookup table, excluding column labels. The first column must be in ascending order to find a value in a range, or it can be in any order to look up an exact value. It is the second argument within a VLOOKUP or HLOOKUP function.
TODAY function
A predefined formula that displays the current date in a cell.
VLOOKUP function
A predefined formula that looks up a value and returns a related result from the lookup table.
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