10.7: Chapter Review - Key Terms

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Key Terms

absolute cell reference: one in which the cell reference is fixed, regardless of where you copy the formula

array: selection of rows or columns that do not have to be contiguous

auditing formulas: process of using Excel tools to monitor and fix errors in worksheets

average: number found by adding up a group of values, and then dividing it by the number of values you added up; also called the mean

background: canvas that is displayed behind the cell contents of a worksheet

basic financial functions: main functions used for calculating loan installments, investment returns, net present value of capital investments, mortgage payment comparisons, and many more real-world applications

cell range: selection of rows or columns that is given a name to make it easier for the worksheet designer to find that specific group of cells later

Cell Style: tool that lets you select other font sizes and background colors

comparison operators: inequality symbols used in math; includes <, >, $\geq$ , $\leq$ , =, and <>

complex formula: one that uses several operators to calculate an output

Data Table: scenario-building tool in Excel that lets users choose a set of cells on the spreadsheet, and then outputs different solutions or forecasts depending on different scenarios

filter: tool in Excel that lets the user select certain criteria so that only data with that criteria is shown

Format Painter: tool that lets you copy a certain range’s formatting and apply it to a new range

logical functions: long formulas with embedded logical tests that often use comparison operators to search for delimited data

MAX: function that finds the highest value in a dataset

MIN: function that finds the lowest value in a dataset

mixed cell reference: one that uses a combination of both relative and absolute cell references

order of operations: universal law of math used to prescribe the order of doing each calculation in an equation

PivotTable: tool in Excel that lets users create interactive charts and tables from raw datasets

relative cell reference: one in which the cell reference in a formula or function updates automatically to reference an adjacent cell when you copy that formula or function to another cell

standard deviation: common statistical tool used by many data analysts that calculates the variability of the figures in a dataset from the arithmetic mean

tracing dependent functions: finding the source of an error in a formula by finding any cells affected by the active cell

tracing precedent functions: finding the source of an error in a formula by locating the cells that provide the data to perform the calculation in the active cell

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