7-8 Excel Exam Questions With Correct
Answers
An OR function evaluates to TRUE only if all of the conditions are true. - answerFalse
The YEARFRAC function returns the number of the month in a year. - answerFalse
Which function returns the relative position of a value? - answerMATCH
Why would y...
An OR function evaluates to TRUE only if all of the conditions are true. - answer✔✔False
The YEARFRAC function returns the number of the month in a year. - answer✔✔False
Which function returns the relative position of a value? - answer✔✔MATCH
Why would you nest MATCH in an INDEX function? - answer✔✔To use the position returned
in the Match function as an argument in the index function
Which of the following are not arguments for the IPMT function? - answer✔✔Collection
What is the first argument of an IF function? - answer✔✔Logical_test
A Truth Table is a matrix that provides true or false for every possible combination for an OR,
NOT, or AND criteria combination. - answer✔✔True
What effect does paying an extra small bit of principal on a mortgage have on the life of a 30
year loan? - answer✔✔It saves money in interest and shortens the length of the loan.
If you need to find out how many days between two dates, which function would you use? -
answer✔✔days
Which database function returns the lowest value from the dataset based on your criteria? -
answer✔✔dmin
An empty cell in the criteria in an Advanced Filter will display no records. - answer✔✔false
The MONTH function would return 25 when used on a cell containing August 25, 2018. -
answer✔✔false
NPER calculates the periodic interest rate of an investment or loan. - answer✔✔false
what is <> equivalent to in advanced filters - answer✔✔not equal to
The YEARFRAC calculates ________. - answer✔✔the fraction of a year in days between two
dates
, EXAM STUDY MATERIALS 8/7/2024 11:29 AM
The FREQUENCY function determines the strength of the relationship between two data sets. -
answer✔✔false
What is the Criteria2 argument of: - answer✔✔Black
What is the sum_range argument of: - answer✔✔C2:C64
Which of the following is not an argument in the PERCENTRANK.INC and
PERCENTRANK.EXC functions? - answer✔✔criteria
Inferential statistics and Descriptive statistics are the same thing. - answer✔✔false
The ________ function returns the variance of a sample of numerical data - answer✔✔VAR.S
STDEV.S calculates the standard deviation of a sample. - answer✔✔True
The FORECAST.ETS function returns a confidence interval for a forecast at all future dates. -
answer✔✔False
Which function returns the standard deviation of a population including logical values and text? -
answer✔✔STDEVPA
What would be the result of this formula:
=AVERAGEIF(A2:A64,"Green",C2:C64)? - answer✔✔An average of the values in the C
column when the values in the A column are Green
This is the first 4 lines of an excel list of 3082 records.
Which formula counts the number of Gold Level Members in the entire list? -
answer✔✔=COUNTIF(A2:A3083,"Gold")
________ is a measure of how two set of data vary simultaneously and is calculated by taking
the average of each product of the deviation of a data point. - answer✔✔Covariance
What is MS in an ANOVA summary report? - answer✔✔Mean of the sample squared
What are the two arguments for the FREQUENCY function? - answer✔✔data_array, bins_array
Which of the following is an allowable quart argument in a QUARTILE.EXC function? -
answer✔✔2
Which of the following is an Excel Add-in? - answer✔✔Analysis ToolPak
=AVERAGEIFS(C2:C64,A2:A64,"Blue",B2:B64,"Black") - answer✔✔false
A(n) ________ is a dataset that contains a manageable subset of a population. -
answer✔✔sample
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