In MS-Excel, one can use the formula palette to

Question

In MS-Excel, one can use the formula palette to

1. A. Format cells containing numbers
2. B. Select and edit formula containing functions (Correct answer)
3. C. Enter data for a formula
4. D. Select a range of cells for a formula

Correct Answer

Option B — Select and edit formula containing functions

Detailed Solution & Explanation

The correct answer is Select and edit formula containing functions.

Key Points

• The formula palette, also called the Function Arguments dialog, opens when a function is inserted in MS Excel.
• It lets the user select a function and edit its arguments, showing a description and a live preview of the result.
• It is reached through the Insert Function (fx) button beside the formula bar.
• Formatting cells and selecting ranges are handled by other tools, not the formula palette.

Additional Information

• Every Excel formula begins with an equals sign (=), without which the entry is treated as plain text.
• Cell references come in two forms, and the distinction governs what happens when a formula is copied:
  • Relative (A1) — adjusts to the new position
  • Absolute ($A$1) — stays fixed, the $ locking column and/or row
• Functions most often tested are SUM, AVERAGE, COUNT, MAX, MIN, IF and VLOOKUP.