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Question: What Is Microsoft Excel and When Would I Use It? Answer: Excel Is An Electronic Spreadsheet Program

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Question: What is Microsoft Excel and When Would I Use it?

Answer:
Excel is an Electronic Spreadsheet Program
Excel is an electronic spreadsheet program that can be used for storing,
organizing and manipulating data.
When you look at the Excel screen (refer to the example on this page)
you see a rectangular table or grid of rows and columns. The horizontal
rows are identified by numbers (1,2,3) and the vertical columns with
letters of the alphabet (A,B,C). For columns beyond 26, columns are
identified by two or more letters such as AA, AB, AC.
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The intersection point between a column and a row is a small
rectangular box known as acell. A cell is the basic unit for storing data in
the spreadsheet. Because an Excel spreadsheet contains thousands of
these cells, each is given a cell reference or address to identify it.
The cell reference is a combination of the column letter and the row
number such as A3, B6, AA345.

Data Types, Formulas, and Functions


The types of data that a cell can hold include numbers, text or formulas.
Just as in math class, formulas are used for calculations usually
involving data contained in other cells. Excel and other electronic
spreadsheets include a number of built in formulas used for common
tasks known asfunctions.
Excel and Financial Data
Spreadsheets are often used to store financial data. Formulas and
functions that are used on this type of data include:

 Performing basic mathematical operations such as summing columns


and rows of figures.
 Finding values such as profit or loss.
 Calculating repayment plans for loans or mortgages.
 Finding the average, maximum, or minimum values in a specified
range of data.
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Excel's Other Uses
Other common operations that Excel can be used for include:

 graphing or charting data to assist users in identifying data trends.


 sorting and filtering data to find specific information.
The information garnered in a spreadsheet can easily be incorporated
into electronic presentations, web pages, or printed off in report form.

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