1. Pasewark & Pasewark Microsoft Office 2003: Introductory 1 INTRODUCTORY MICROSOFT EXCEL Lesson 5 – Function Formulas

2. Excel – Lesson 5 Microsoft Office 2003: Introductory Pasewark & Pasewark 2 Objectives Identify the parts of a function formula. Use function formulas to solve mathematical problems. Use function formulas to solve statistical problems. Use function formulas to solve financial problems.

3. Excel – Lesson 5 Microsoft Office 2003: Introductory Pasewark & Pasewark 3 Objectives (cont.) Use function formulas to insert times and dates in a worksheet. Use logical function formulas to make decisions with worksheet data.

4. Excel – Lesson 5 Microsoft Office 2003: Introductory Pasewark & Pasewark 4 Terms Used in This Lesson Argument Financial function Function formula Logical function Mathematical function Statistical function Trigonometric function

5. Excel – Lesson 5 Microsoft Office 2003: Introductory Pasewark & Pasewark 5 Function Formulas Special formulas that do not use operators to calculate a result =SUM (E4:E22)

6. Excel – Lesson 5 Microsoft Office 2003: Introductory Pasewark & Pasewark 6 Identify the Parts of a Function Formula A function formula has three components: – the equal sign – a function name – an argument The argument is a value, cell reference, range, or text that acts as an operand in a function formula. Argument is in parenthesis Example:=SUM (E4:E22)

7. Excel – Lesson 5 Microsoft Office 2003: Introductory Pasewark & Pasewark 7 Entering Functions Key in formula, putting = sign 1 st Or use Insert Function

8. Excel – Lesson 5 Microsoft Office 2003: Introductory Pasewark & Pasewark 8 Solving Mathematical Problems Mathematical and trigonometric functions are particularly useful for determining values such as – Logarithms – Factorials – Sines – Cosines – Tangents – Absolute values

9. Excel – Lesson 5 Microsoft Office 2003: Introductory Pasewark & Pasewark 9 Solving Mathematical Problems (cont.)

10. Excel – Lesson 5 Microsoft Office 2003: Introductory Pasewark & Pasewark 10 Solving Statistical Problems Statistical functions can also be used to determine – Average – Standard deviation – Variance – Maximums – Minimums – Counts

11. Excel – Lesson 5 Microsoft Office 2003: Introductory Pasewark & Pasewark 11 Solving Statistical Problems (cont.)

12. Excel – Lesson 5 Microsoft Office 2003: Introductory Pasewark & Pasewark 12 Solving Financial Problems Financial functions are used to analyze loans and investments. – Value of a series of equal payments – Present value of an investment – Payments required to repay a loan

13. Excel – Lesson 5 Microsoft Office 2003: Introductory Pasewark & Pasewark 13 Solving Financial Problems

14. Excel – Lesson 5 Microsoft Office 2003: Introductory Pasewark & Pasewark 14 Inserting Times and Dates Date and time functions may be used to – Convert serial numbers to a month, a day, or a year – Insert the current date or current time.

15. Excel – Lesson 5 Microsoft Office 2003: Introductory Pasewark & Pasewark 15 Text Function Used to convert text in a cell to all uppercase or lowercase letters Can also be used to repeat data

16. Excel – Lesson 5 Microsoft Office 2003: Introductory Pasewark & Pasewark 16 Using Logical Function Formulas Logical functions, such as the IF function, may be used to display text or values if certain conditions exist. For example, the IF function will determine whether a student has passed or failed a course. The function formula IF(C4>60,“PASS”,“FAIL”) will display “PASS” if the value in C4 is greater than 60 and “FAIL” if the value in C4 is not greater than 60.

17. Excel – Lesson 5 Microsoft Office 2003: Introductory Pasewark & Pasewark 17 Summary Function formulas are special formulas that do not require operators. Excel has more than 300 function formulas. Function formulas may be used to perform mathematical, statistical, financial, and logical operations. Function formulas may also be used to format text and insert dates and times.