DAVERAGE

See Also
Averages the values in a column of a list or database that match conditions you specify.
Syntax
DAVERAGE(database,field,criteria)
Database is the range of cells that makes up the list or database. A database is a list of related data in which rows of related
information are records, and columns of data are fields. The first row of the list contains labels for each column.
Field indicates which column is used in the function. Field can be given as text with the column label enclosed between double
quotation marks, such as "Age" or "Yield," or as a number that represents the position of the column within the list: 1 for the first
column, 2 for the second column, and so on.
Criteria is the range of cells that contains the conditions you specify. You can use any range for the criteria argument, as long as it
includes at least one column label and at least one cell below the column label for specifying a condition for the column.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
1. Create a blank workbook or worksheet.
2. Select the example in the Help topic. Do not select the row or column headers.

Selecting an example from Help
3. Press CTRL+C.
4. In the worksheet, select cell A1, and press CTRL+V.
5. To switch between viewing the results and viewing the formulas that return the results, press CTRL+` (grave accent), or on the
Tools menu, point to Formula Auditing, and then click Formula Auditing Mode.

1
2
3
4
5
6
7
8
9
10
A B C D E F
Tree Height Age Yield Profit Height
Apple >10 <16
Pear
Tree Height Age Yield Profit
Apple 18 20 14 105.00
Pear 12 12 10 96.00
Cherry 13 14 9 105.00
Apple 14 15 10 75.00
Pear 9 8 8 76.80
Apple 8 9 6 45.00
Formula Description (Result)
=DCOUNT
(A4:E10,"Age",A1:F2)
This function looks at the records of apple trees between a height of
10 and 16 and counts how many of the Age fields in those records
contain numbers. (1)
=DCOUNTA
(A4:E10,"Profit",A1:F2)
This function looks at the records of apple trees between a height of
10 and 16 and counts how many of the Profit fields in those records
are not blank. (1)
=DMAX
(A4:E10,"Profit",A1:A3)
The maximum profit of apple and pear trees. (105)
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Tips
You can use any range for the criteria argument, as long as it includes at least one column label and at least one cell below the
column label for specifying the condition.
For example, if the range G1:G2 contains the column label Income in G1 and the amount 10,000 in G2, you could define the range
as MatchIncome and use that name as the criteria argument in the database functions.
Although the criteria range can be located anywhere on the worksheet, do not place the criteria range below the list. If you add
more information to the list by using the Form command on the Data menu, the new information is added to the first row below
the list. I f the row below the list is not blank, Microsoft Excel cannot add the new information.
Make sure the criteria range does not overlap the list.
To perform an operation on an entire column in a database, enter a blank line below the column labels in the criteria range.
Examples of criteria
Multiple conditions in a single column
If you have two or more conditions for a single column, type the criteria directly below each other in separate rows. For example,
the following criteria range displays the rows that contain either "Davolio," "Buchanan," or "Suyama" in the Salesperson column.
One condition in two or more columns
To find data that meets one condition in two or more columns, enter all the criteria in the same row of the criteria range. For
example, the following criteria range displays all rows that contain "Produce" in the Type column, "Davolio" in the Salesperson
column, and sales values greater than $1,000.
One condition in one column or another
To find data that meets either a condition in one column or a condition in another column, enter the criteria in different rows of
the criteria range. For example, the following criteria range displays all rows that contain either "Produce" in the Type column,
=DMI N
(A4:E10,"Profit",A1:B2)
The minimum profit of apple trees over 10 in height. (75)
=DSUM
(A4:E10,"Profit",A1:A2)
The total profit from apple trees. (225)
=DSUM
(A4:E10,"Profit",A1:F2)
The total profit from apple trees with a height between 10 and 16. (75)
=DPRODUCT
(A4:E10,"Yield",A1:B2)
The product of the yields from apple trees with a height greater than
10. (140)
=DAVERAGE
(A4:E10,"Yield",A1:B2)
The average yield of apple trees over 10 feet in height. (12)
=DAVERAGE
(A4:E10,3,A4:E10)
The average age of all trees in the database. (13)
=DSTDEV
(A4:E10,"Yield",A1:A3)
The estimated standard deviation in the yield of apple and pear trees if
the data in the database is only a sample of the total orchard
population. (2.97)
=DSTDEVP
(A4:E10,"Yield",A1:A3)
The true standard deviation in the yield of apple and pear trees if the
data in the database is the entire population. (2.65)
=DVAR
(A4:E10,"Yield",A1:A3)
The estimated variance in the yield of apple and pear trees if the data
in the database is only a sample of the total orchard population. (8.8)
=DVARP
(A4:E10,"Yield",A1:A3)
The true variance in the yield of apple and pear trees if the data in the
database is the entire orchard population. ( 7.04)
=DGET
(A4:E10,"Yield",A1:A3)
Returns the #NUM! error value because more than one record meets
the criteria.
Salesperson
Davolio
Buchanan
Suyama
Type Salesperson Sales
Produce Davolio >1000
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"Davolio" in the Salesperson column, or sales values greater than $1,000.
One of two sets of conditions for two columns
To find rows that meet one of two sets of conditions, where each set includes conditions for more than one column, type the
criteria in separate rows. For example, the following criteria range displays the rows that contain both "Davolio" in the Salesperson
column and sales values greater than $3,000, and also displays the rows for salesperson Buchanan with sales values greater than
$1,500.
More than two sets of conditions for one column
To find rows that meet greater than two sets of conditions, include multiple columns with the same column heading. For example,
the following criteria range displays sales that are between 5,000 and 8,000 in addition to sales that are less than 500.
Conditions created as the result of a formula
You can use a calculated value that is the result of a formula (formula: A sequence of values, cell references, names, functions, or
operators in a cell that together produce a new value. A formula always begins with an equal sign (=).) as your criterion. When
you use a formula to create a criterion, do not use a column label for a criteria label; either keep the criteria label blank or use a
label that is not a column label in the list. For example, the following criteria range displays rows that have a value in column C
greater than the average of cells C7:C10.
Notes
The formula you use for a condition must use a relative reference (relative reference: In a formula, the address of a cell based
on the relative position of the cell that contains the formula and the cell referred to. If you copy the formula, the reference
automatically adjusts. A relative reference takes the form A1.) to refer to the column label (for example, Sales) or the
corresponding field in the first record. All other references in the formula must be absolute references (absolute cell reference:
In a formula, the exact address of a cell, regardless of the position of the cell that contains the formula. An absolute cell
reference takes the form $A$1.), and the formula must evaluate to TRUE or FALSE. I n the formula example, "C7" refers to the
field (column C) for the first record (row 7) of the list.
You can use a column label in the formula instead of a relative cell reference or a range name. When Microsoft Excel displays
an error value such as #NAME? or #VALUE! in the cell that contains the criterion, you can ignore this error because it does not
affect how the list is filtered.
When evaluating data, Microsoft Excel does not distinguish between uppercase and lowercase characters.
Type Salesperson Sales
Produce
Davolio
>1000
Salesperson Sales
Davolio >3000
Buchanan >1500
Sales Sales
>5000 <8000
<500
=C7>AVERAGE($C$7:$C$10)
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DCOUNT
See Also
Counts the cells that contain numbers in a column of a list or database that match conditions you specify.
The field argument is optional. I f field is omitted, DCOUNT counts all records in the database that match the criteria.
Syntax
DCOUNT(database,field,criteria)
Database is the range of cells that makes up the list or database. A database is a list of related data in which rows of related
information are records, and columns of data are fields. The first row of the list contains labels for each column.
Field indicates which column is used in the function. Field can be given as text with the column label enclosed between double
quotation marks, such as "Age" or "Yield," or as a number that represents the position of the column within the list: 1 for the first
column, 2 for the second column, and so on.
Criteria is the range of cells that contains the conditions you specify. You can use any range for the criteria argument, as long as it
includes at least one column label and at least one cell below the column label for specifying a condition for the column.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
1. Create a blank workbook or worksheet.
2. Select the example in the Help topic. Do not select the row or column headers.

Selecting an example from Help
3. Press CTRL+C.
4. In the worksheet, select cell A1, and press CTRL+V.
5. To switch between viewing the results and viewing the formulas that return the results, press CTRL+` (grave accent), or on the
Tools menu, point to Formula Auditing, and then click Formula Auditing Mode.

1
2
3
4
5
6
7
8
9
10
A B C D E F
Tree Height Age Yield Profit Height
Apple >10 <16
Pear
Tree Height Age Yield Profit
Apple 18 20 14 105.00
Pear 12 12 10 96.00
Cherry 13 14 9 105.00
Apple 14 15 10 75.00
Pear 9 8 8 76.80
Apple 8 9 6 45.00
Formula Description (Result)
=DCOUNT
(A4:E10,"Age",A1:F2)
This function looks at the records of apple trees between a height of
10 and 16 and counts how many of the Age fields in those records
contain numbers. (1)
=DCOUNTA
(A4:E10,"Profit",A1:F2)
This function looks at the records of apple trees between a height of
10 and 16 and counts how many of the Profit fields in those records
are not blank. (1)
=DMAX The maximum profit of apple and pear trees. (105)
Page 1of 3 DCOUNT
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Tips
You can use any range for the criteria argument, as long as it includes at least one column label and at least one cell below the
column label for specifying the condition.
For example, if the range G1:G2 contains the column label Income in G1 and the amount 10,000 in G2, you could define the range
as MatchIncome and use that name as the criteria argument in the database functions.
Although the criteria range can be located anywhere on the worksheet, do not place the criteria range below the list. If you add
more information to the list by using the Form command on the Data menu, the new information is added to the first row below
the list. I f the row below the list is not blank, Microsoft Excel cannot add the new information.
Make sure the criteria range does not overlap the list.
To perform an operation on an entire column in a database, enter a blank line below the column labels in the criteria range.
Examples of criteria
Multiple conditions in a single column
If you have two or more conditions for a single column, type the criteria directly below each other in separate rows. For example,
the following criteria range displays the rows that contain either "Davolio," "Buchanan," or "Suyama" in the Salesperson column.
One condition in two or more columns
To find data that meets one condition in two or more columns, enter all the criteria in the same row of the criteria range. For
example, the following criteria range displays all rows that contain "Produce" in the Type column, "Davolio" in the Salesperson
column, and sales values greater than $1,000.
One condition in one column or another
(A4:E10,"Profit",A1:A3)
=DMI N
(A4:E10,"Profit",A1:B2)
The minimum profit of apple trees over 10 in height. (75)
=DSUM
(A4:E10,"Profit",A1:A2)
The total profit from apple trees. (225)
=DSUM
(A4:E10,"Profit",A1:F2)
The total profit from apple trees with a height between 10 and 16. (75)
=DPRODUCT
(A4:E10,"Yield",A1:B2)
The product of the yields from apple trees with a height greater than
10. (140)
=DAVERAGE
(A4:E10,"Yield",A1:B2)
The average yield of apple trees over 10 feet in height. (12)
=DAVERAGE
(A4:E10,3,A4:E10)
The average age of all trees in the database. (13)
=DSTDEV
(A4:E10,"Yield",A1:A3)
The estimated standard deviation in the yield of apple and pear trees if
the data in the database is only a sample of the total orchard
population. (2.97)
=DSTDEVP
(A4:E10,"Yield",A1:A3)
The true standard deviation in the yield of apple and pear trees if the
data in the database is the entire population. (2.65)
=DVAR
(A4:E10,"Yield",A1:A3)
The estimated variance in the yield of apple and pear trees if the data
in the database is only a sample of the total orchard population. (8.8)
=DVARP
(A4:E10,"Yield",A1:A3)
The true variance in the yield of apple and pear trees if the data in the
database is the entire orchard population. ( 7.04)
=DGET
(A4:E10,"Yield",A1:A3)
Returns the #NUM! error value because more than one record meets
the criteria.
Salesperson
Davolio
Buchanan
Suyama
Type Salesperson Sales
Produce Davolio >1000
Page 2of 3 DCOUNT
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To find data that meets either a condition in one column or a condition in another column, enter the criteria in different rows of
the criteria range. For example, the following criteria range displays all rows that contain either "Produce" in the Type column,
"Davolio" in the Salesperson column, or sales values greater than $1,000.
One of two sets of conditions for two columns
To find rows that meet one of two sets of conditions, where each set includes conditions for more than one column, type the
criteria in separate rows. For example, the following criteria range displays the rows that contain both "Davolio" in the Salesperson
column and sales values greater than $3,000, and also displays the rows for salesperson Buchanan with sales values greater than
$1,500.
More than two sets of conditions for one column
To find rows that meet greater than two sets of conditions, include multiple columns with the same column heading. For example,
the following criteria range displays sales that are between 5,000 and 8,000 in addition to sales that are less than 500.
Conditions created as the result of a formula
You can use a calculated value that is the result of a formula (formula: A sequence of values, cell references, names, functions, or
operators in a cell that together produce a new value. A formula always begins with an equal sign (=).) as your criterion. When
you use a formula to create a criterion, do not use a column label for a criteria label; either keep the criteria label blank or use a
label that is not a column label in the list. For example, the following criteria range displays rows that have a value in column C
greater than the average of cells C7:C10.
Notes
The formula you use for a condition must use a relative reference (relative reference: In a formula, the address of a cell based
on the relative position of the cell that contains the formula and the cell referred to. If you copy the formula, the reference
automatically adjusts. A relative reference takes the form A1.) to refer to the column label (for example, Sales) or the
corresponding field in the first record. All other references in the formula must be absolute references (absolute cell reference:
In a formula, the exact address of a cell, regardless of the position of the cell that contains the formula. An absolute cell
reference takes the form $A$1.), and the formula must evaluate to TRUE or FALSE. I n the formula example, "C7" refers to the
field (column C) for the first record (row 7) of the list.
You can use a column label in the formula instead of a relative cell reference or a range name. When Microsoft Excel displays
an error value such as #NAME? or #VALUE! in the cell that contains the criterion, you can ignore this error because it does not
affect how the list is filtered.
When evaluating data, Microsoft Excel does not distinguish between uppercase and lowercase characters.
Type Salesperson Sales
Produce
Davolio
>1000
Salesperson Sales
Davolio >3000
Buchanan >1500
Sales Sales
>5000 <8000
<500
=C7>AVERAGE($C$7:$C$10)
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DCOUNTA
See Also
Counts the nonblank cells in a column of a list or database that match conditions you specify.
The field argument is optional. I f field is omitted, DCOUNTA counts all records in the database that match the criteria.
Syntax
DCOUNTA(database,field,criteria)
Database is the range of cells that makes up the list or database. A database is a list of related data in which rows of related
information are records, and columns of data are fields. The first row of the list contains labels for each column.
Field indicates which column is used in the function. Field can be given as text with the column label enclosed between double
quotation marks, such as "Age" or "Yield," or as a number that represents the position of the column within the list: 1 for the first
column, 2 for the second column, and so on.
Criteria is the range of cells that contains the conditions you specify. You can use any range for the criteria argument, as long as it
includes at least one column label and at least one cell below the column label for specifying a condition for the column.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
9
10
A B C D E F
Tree Height Age Yield Profit Height
Apple >10 <16
Pear
Tree Height Age Yield Profit
Apple 18 20 14 105.00
Pear 12 12 10 96.00
Cherry 13 14 9 105.00
Apple 14 15 10 75.00
Pear 9 8 8 76.80
Apple 8 9 6 45.00
Formula Description (Result)
=DCOUNT
(A4:E10,"Age",A1:F2)
This function looks at the records of apple trees between a height of
10 and 16 and counts how many of the Age fields in those records
contain numbers. (1)
=DCOUNTA
(A4:E10,"Profit",A1:F2)
This function looks at the records of apple trees between a height of
10 and 16 and counts how many of the Profit fields in those records
are not blank. (1)
=DMAX
(A4:E10,"Profit",A1:A3)
The maximum profit of apple and pear trees. (105)
=DMI N
(A4:E10,"Profit",A1:B2)
The minimum profit of apple trees over 10 in height. (75)
=DSUM
(A4:E10,"Profit",A1:A2)
The total profit from apple trees. (225)
=DSUM
(A4:E10,"Profit",A1:F2)
The total profit from apple trees with a height between 10 and 16. (75)
=DPRODUCT
(A4:E10,"Yield",A1:B2)
The product of the yields from apple trees with a height greater than
10. (140)
=DAVERAGE
(A4:E10,"Yield",A1:B2)
The average yield of apple trees over 10 feet in height. (12)
=DAVERAGE
(A4:E10,3,A4:E10)
The average age of all trees in the database. (13)
=DSTDEV
(A4:E10,"Yield",A1:A3)
The estimated standard deviation in the yield of apple and pear trees if
the data in the database is only a sample of the total orchard
Page 1of 3 DCOUNTA
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Tips
You can use any range for the criteria argument, as long as it includes at least one column label and at least one cell below the
column label for specifying the condition.
For example, if the range G1:G2 contains the column label Income in G1 and the amount 10,000 in G2, you could define the range
as MatchIncome and use that name as the criteria argument in the database functions.
Although the criteria range can be located anywhere on the worksheet, do not place the criteria range below the list. If you add
more information to the list by using the Form command on the Data menu, the new information is added to the first row below
the list. I f the row below the list is not blank, Microsoft Excel cannot add the new information.
Make sure the criteria range does not overlap the list.
To perform an operation on an entire column in a database, enter a blank line below the column labels in the criteria range.
Examples of criteria
Multiple conditions in a single column
If you have two or more conditions for a single column, type the criteria directly below each other in separate rows. For example,
the following criteria range displays the rows that contain either "Davolio," "Buchanan," or "Suyama" in the Salesperson column.
One condition in two or more columns
To find data that meets one condition in two or more columns, enter all the criteria in the same row of the criteria range. For
example, the following criteria range displays all rows that contain "Produce" in the Type column, "Davolio" in the Salesperson
column, and sales values greater than $1,000.
One condition in one column or another
To find data that meets either a condition in one column or a condition in another column, enter the criteria in different rows of
the criteria range. For example, the following criteria range displays all rows that contain either "Produce" in the Type column,
"Davolio" in the Salesperson column, or sales values greater than $1,000.
One of two sets of conditions for two columns
To find rows that meet one of two sets of conditions, where each set includes conditions for more than one column, type the
criteria in separate rows. For example, the following criteria range displays the rows that contain both "Davolio" in the Salesperson
column and sales values greater than $3,000, and also displays the rows for salesperson Buchanan with sales values greater than
$1,500.
population. (2.97)
=DSTDEVP
(A4:E10,"Yield",A1:A3)
The true standard deviation in the yield of apple and pear trees if the
data in the database is the entire population. (2.65)
=DVAR
(A4:E10,"Yield",A1:A3)
The estimated variance in the yield of apple and pear trees if the data
in the database is only a sample of the total orchard population. (8.8)
=DVARP
(A4:E10,"Yield",A1:A3)
The true variance in the yield of apple and pear trees if the data in the
database is the entire orchard population. ( 7.04)
=DGET
(A4:E10,"Yield",A1:A3)
Returns the #NUM! error value because more than one record meets
the criteria.
Salesperson
Davolio
Buchanan
Suyama
Type Salesperson Sales
Produce Davolio >1000
Type Salesperson Sales
Produce
Davolio
>1000
Salesperson Sales
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More than two sets of conditions for one column
To find rows that meet greater than two sets of conditions, include multiple columns with the same column heading. For example,
the following criteria range displays sales that are between 5,000 and 8,000 in addition to sales that are less than 500.
Conditions created as the result of a formula
You can use a calculated value that is the result of a formula (formula: A sequence of values, cell references, names, functions, or
operators in a cell that together produce a new value. A formula always begins with an equal sign (=).) as your criterion. When
you use a formula to create a criterion, do not use a column label for a criteria label; either keep the criteria label blank or use a
label that is not a column label in the list. For example, the following criteria range displays rows that have a value in column C
greater than the average of cells C7:C10.
Notes
The formula you use for a condition must use a relative reference (relative reference: In a formula, the address of a cell based
on the relative position of the cell that contains the formula and the cell referred to. If you copy the formula, the reference
automatically adjusts. A relative reference takes the form A1.) to refer to the column label (for example, Sales) or the
corresponding field in the first record. All other references in the formula must be absolute references (absolute cell reference:
In a formula, the exact address of a cell, regardless of the position of the cell that contains the formula. An absolute cell
reference takes the form $A$1.), and the formula must evaluate to TRUE or FALSE. I n the formula example, "C7" refers to the
field (column C) for the first record (row 7) of the list.
You can use a column label in the formula instead of a relative cell reference or a range name. When Microsoft Excel displays
an error value such as #NAME? or #VALUE! in the cell that contains the criterion, you can ignore this error because it does not
affect how the list is filtered.
When evaluating data, Microsoft Excel does not distinguish between uppercase and lowercase characters.
Davolio >3000
Buchanan >1500
Sales Sales
>5000 <8000
<500
=C7>AVERAGE($C$7:$C$10)
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DGET
See Also
Extracts a single value from a column of a list or database that matches conditions you specify.
Syntax
DGET(database,field,criteria)
Database is the range of cells that makes up the list or database. A database is a list of related data in which rows of related
information are records, and columns of data are fields. The first row of the list contains labels for each column.
Field indicates which column is used in the function. Field can be given as text with the column label enclosed between double
quotation marks, such as "Age" or "Yield," or as a number that represents the position of the column within the list: 1 for the first
column, 2 for the second column, and so on.
Criteria is the range of cells that contains the conditions you specify. You can use any range for the criteria argument, as long as it
includes at least one column label and at least one cell below the column label for specifying a condition for the column.
Remarks
If no record matches the criteria, DGET returns the #VALUE! error value.
If more than one record matches the criteria, DGET returns the #NUM! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
9
10
A B C D E F
Tree Height Age Yield Profit Height
Apple >10 <16
Pear
Tree Height Age Yield Profit
Apple 18 20 14 105.00
Pear 12 12 10 96.00
Cherry 13 14 9 105.00
Apple 14 15 10 75.00
Pear 9 8 8 76.80
Apple 8 9 6 45.00
Formula Description (Result)
=DCOUNT
(A4:E10,"Age",A1:F2)
This function looks at the records of apple trees between a height of
10 and 16 and counts how many of the Age fields in those records
contain numbers. (1)
=DCOUNTA
(A4:E10,"Profit",A1:F2)
This function looks at the records of apple trees between a height of
10 and 16 and counts how many of the Profit fields in those records
are not blank. (1)
=DMAX
(A4:E10,"Profit",A1:A3)
The maximum profit of apple and pear trees. (105)
=DMI N
(A4:E10,"Profit",A1:B2)
The minimum profit of apple trees over 10 in height. (75)
=DSUM
(A4:E10,"Profit",A1:A2)
The total profit from apple trees. (225)
=DSUM
(A4:E10,"Profit",A1:F2)
The total profit from apple trees with a height between 10 and 16. (75)
=DPRODUCT
(A4:E10,"Yield",A1:B2)
The product of the yields from apple trees with a height greater than
10. (140)
=DAVERAGE
(A4:E10,"Yield",A1:B2)
The average yield of apple trees over 10 feet in height. (12)
=DAVERAGE The average age of all trees in the database. (13)
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Tips
You can use any range for the criteria argument, as long as it includes at least one column label and at least one cell below the
column label for specifying the condition.
For example, if the range G1:G2 contains the column label Income in G1 and the amount 10,000 in G2, you could define the range
as MatchIncome and use that name as the criteria argument in the database functions.
Although the criteria range can be located anywhere on the worksheet, do not place the criteria range below the list. If you add
more information to the list by using the Form command on the Data menu, the new information is added to the first row below
the list. I f the row below the list is not blank, Microsoft Excel cannot add the new information.
Make sure the criteria range does not overlap the list.
To perform an operation on an entire column in a database, enter a blank line below the column labels in the criteria range.
Examples of criteria
Multiple conditions in a single column
If you have two or more conditions for a single column, type the criteria directly below each other in separate rows. For example,
the following criteria range displays the rows that contain either "Davolio," "Buchanan," or "Suyama" in the Salesperson column.
One condition in two or more columns
To find data that meets one condition in two or more columns, enter all the criteria in the same row of the criteria range. For
example, the following criteria range displays all rows that contain "Produce" in the Type column, "Davolio" in the Salesperson
column, and sales values greater than $1,000.
One condition in one column or another
To find data that meets either a condition in one column or a condition in another column, enter the criteria in different rows of
the criteria range. For example, the following criteria range displays all rows that contain either "Produce" in the Type column,
"Davolio" in the Salesperson column, or sales values greater than $1,000.
One of two sets of conditions for two columns
To find rows that meet one of two sets of conditions, where each set includes conditions for more than one column, type the
criteria in separate rows. For example, the following criteria range displays the rows that contain both "Davolio" in the Salesperson
column and sales values greater than $3,000, and also displays the rows for salesperson Buchanan with sales values greater than
(A4:E10,3,A4:E10)
=DSTDEV
(A4:E10,"Yield",A1:A3)
The estimated standard deviation in the yield of apple and pear trees if
the data in the database is only a sample of the total orchard
population. (2.97)
=DSTDEVP
(A4:E10,"Yield",A1:A3)
The true standard deviation in the yield of apple and pear trees if the
data in the database is the entire population. (2.65)
=DVAR
(A4:E10,"Yield",A1:A3)
The estimated variance in the yield of apple and pear trees if the data
in the database is only a sample of the total orchard population. (8.8)
=DVARP
(A4:E10,"Yield",A1:A3)
The true variance in the yield of apple and pear trees if the data in the
database is the entire orchard population. ( 7.04)
=DGET
(A4:E10,"Yield",A1:A3)
Returns the #NUM! error value because more than one record meets
the criteria.
Salesperson
Davolio
Buchanan
Suyama
Type Salesperson Sales
Produce Davolio >1000
Type Salesperson Sales
Produce
Davolio
>1000
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$1,500.
More than two sets of conditions for one column
To find rows that meet greater than two sets of conditions, include multiple columns with the same column heading. For example,
the following criteria range displays sales that are between 5,000 and 8,000 in addition to sales that are less than 500.
Conditions created as the result of a formula
You can use a calculated value that is the result of a formula (formula: A sequence of values, cell references, names, functions, or
operators in a cell that together produce a new value. A formula always begins with an equal sign (=).) as your criterion. When
you use a formula to create a criterion, do not use a column label for a criteria label; either keep the criteria label blank or use a
label that is not a column label in the list. For example, the following criteria range displays rows that have a value in column C
greater than the average of cells C7:C10.
Notes
The formula you use for a condition must use a relative reference (relative reference: In a formula, the address of a cell based
on the relative position of the cell that contains the formula and the cell referred to. If you copy the formula, the reference
automatically adjusts. A relative reference takes the form A1.) to refer to the column label (for example, Sales) or the
corresponding field in the first record. All other references in the formula must be absolute references (absolute cell reference:
In a formula, the exact address of a cell, regardless of the position of the cell that contains the formula. An absolute cell
reference takes the form $A$1.), and the formula must evaluate to TRUE or FALSE. I n the formula example, "C7" refers to the
field (column C) for the first record (row 7) of the list.
You can use a column label in the formula instead of a relative cell reference or a range name. When Microsoft Excel displays
an error value such as #NAME? or #VALUE! in the cell that contains the criterion, you can ignore this error because it does not
affect how the list is filtered.
When evaluating data, Microsoft Excel does not distinguish between uppercase and lowercase characters.
Salesperson Sales
Davolio >3000
Buchanan >1500
Sales Sales
>5000 <8000
<500
=C7>AVERAGE($C$7:$C$10)
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DMAX
See Also
Returns the largest number in a column of a list or database that matches conditions you specify.
Syntax
DMAX(database,field,criteria)
Database is the range of cells that makes up the list or database. A database is a list of related data in which rows of related
information are records, and columns of data are fields. The first row of the list contains labels for each column.
Field indicates which column is used in the function. Field can be given as text with the column label enclosed between double
quotation marks, such as "Age" or "Yield," or as a number that represents the position of the column within the list: 1 for the first
column, 2 for the second column, and so on.
Criteria is the range of cells that contains the conditions you specify. You can use any range for the criteria argument, as long as it
includes at least one column label and at least one cell below the column label for specifying a condition for the column.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
9
10
A B C D E F
Tree Height Age Yield Profit Height
Apple >10 <16
Pear
Tree Height Age Yield Profit
Apple 18 20 14 105.00
Pear 12 12 10 96.00
Cherry 13 14 9 105.00
Apple 14 15 10 75.00
Pear 9 8 8 76.80
Apple 8 9 6 45.00
Formula Description (Result)
=DCOUNT
(A4:E10,"Age",A1:F2)
This function looks at the records of apple trees between a height of
10 and 16 and counts how many of the Age fields in those records
contain numbers. (1)
=DCOUNTA
(A4:E10,"Profit",A1:F2)
This function looks at the records of apple trees between a height of
10 and 16 and counts how many of the Profit fields in those records
are not blank. (1)
=DMAX
(A4:E10,"Profit",A1:A3)
The maximum profit of apple and pear trees. (105)
=DMI N
(A4:E10,"Profit",A1:B2)
The minimum profit of apple trees over 10 in height. (75)
=DSUM
(A4:E10,"Profit",A1:A2)
The total profit from apple trees. (225)
=DSUM
(A4:E10,"Profit",A1:F2)
The total profit from apple trees with a height between 10 and 16. (75)
=DPRODUCT
(A4:E10,"Yield",A1:B2)
The product of the yields from apple trees with a height greater than
10. (140)
=DAVERAGE
(A4:E10,"Yield",A1:B2)
The average yield of apple trees over 10 feet in height. (12)
=DAVERAGE
(A4:E10,3,A4:E10)
The average age of all trees in the database. (13)
=DSTDEV
(A4:E10,"Yield",A1:A3)
The estimated standard deviation in the yield of apple and pear trees if
the data in the database is only a sample of the total orchard
population. (2.97)
Page 1of 3 DMAX
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Tips
You can use any range for the criteria argument, as long as it includes at least one column label and at least one cell below the
column label for specifying the condition.
For example, if the range G1:G2 contains the column label Income in G1 and the amount 10,000 in G2, you could define the range
as MatchIncome and use that name as the criteria argument in the database functions.
Although the criteria range can be located anywhere on the worksheet, do not place the criteria range below the list. If you add
more information to the list by using the Form command on the Data menu, the new information is added to the first row below
the list. I f the row below the list is not blank, Microsoft Excel cannot add the new information.
Make sure the criteria range does not overlap the list.
To perform an operation on an entire column in a database, enter a blank line below the column labels in the criteria range.
Examples of criteria
Multiple conditions in a single column
If you have two or more conditions for a single column, type the criteria directly below each other in separate rows. For example,
the following criteria range displays the rows that contain either "Davolio," "Buchanan," or "Suyama" in the Salesperson column.
One condition in two or more columns
To find data that meets one condition in two or more columns, enter all the criteria in the same row of the criteria range. For
example, the following criteria range displays all rows that contain "Produce" in the Type column, "Davolio" in the Salesperson
column, and sales values greater than $1,000.
One condition in one column or another
To find data that meets either a condition in one column or a condition in another column, enter the criteria in different rows of
the criteria range. For example, the following criteria range displays all rows that contain either "Produce" in the Type column,
"Davolio" in the Salesperson column, or sales values greater than $1,000.
One of two sets of conditions for two columns
To find rows that meet one of two sets of conditions, where each set includes conditions for more than one column, type the
criteria in separate rows. For example, the following criteria range displays the rows that contain both "Davolio" in the Salesperson
column and sales values greater than $3,000, and also displays the rows for salesperson Buchanan with sales values greater than
$1,500.
=DSTDEVP
(A4:E10,"Yield",A1:A3)
The true standard deviation in the yield of apple and pear trees if the
data in the database is the entire population. (2.65)
=DVAR
(A4:E10,"Yield",A1:A3)
The estimated variance in the yield of apple and pear trees if the data
in the database is only a sample of the total orchard population. (8.8)
=DVARP
(A4:E10,"Yield",A1:A3)
The true variance in the yield of apple and pear trees if the data in the
database is the entire orchard population. ( 7.04)
=DGET
(A4:E10,"Yield",A1:A3)
Returns the #NUM! error value because more than one record meets
the criteria.
Salesperson
Davolio
Buchanan
Suyama
Type Salesperson Sales
Produce Davolio >1000
Type Salesperson Sales
Produce
Davolio
>1000
Salesperson Sales
Davolio >3000
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More than two sets of conditions for one column
To find rows that meet greater than two sets of conditions, include multiple columns with the same column heading. For example,
the following criteria range displays sales that are between 5,000 and 8,000 in addition to sales that are less than 500.
Conditions created as the result of a formula
You can use a calculated value that is the result of a formula (formula: A sequence of values, cell references, names, functions, or
operators in a cell that together produce a new value. A formula always begins with an equal sign (=).) as your criterion. When
you use a formula to create a criterion, do not use a column label for a criteria label; either keep the criteria label blank or use a
label that is not a column label in the list. For example, the following criteria range displays rows that have a value in column C
greater than the average of cells C7:C10.
Notes
The formula you use for a condition must use a relative reference (relative reference: In a formula, the address of a cell based
on the relative position of the cell that contains the formula and the cell referred to. If you copy the formula, the reference
automatically adjusts. A relative reference takes the form A1.) to refer to the column label (for example, Sales) or the
corresponding field in the first record. All other references in the formula must be absolute references (absolute cell reference:
In a formula, the exact address of a cell, regardless of the position of the cell that contains the formula. An absolute cell
reference takes the form $A$1.), and the formula must evaluate to TRUE or FALSE. I n the formula example, "C7" refers to the
field (column C) for the first record (row 7) of the list.
You can use a column label in the formula instead of a relative cell reference or a range name. When Microsoft Excel displays
an error value such as #NAME? or #VALUE! in the cell that contains the criterion, you can ignore this error because it does not
affect how the list is filtered.
When evaluating data, Microsoft Excel does not distinguish between uppercase and lowercase characters.
Buchanan >1500
Sales Sales
>5000 <8000
<500
=C7>AVERAGE($C$7:$C$10)
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DMI N
See Also
Returns the smallest number in a column of a list or database that matches conditions you specify.
Syntax
DMI N(database,field,criteria)
Database is the range of cells that makes up the list or database. A database is a list of related data in which rows of related
information are records, and columns of data are fields. The first row of the list contains labels for each column.
Field indicates which column is used in the function. Field can be given as text with the column label enclosed between double
quotation marks, such as "Age" or "Yield," or as a number that represents the position of the column within the list: 1 for the first
column, 2 for the second column, and so on.
Criteria is the range of cells that contains the conditions you specify. You can use any range for the criteria argument, as long as it
includes at least one column label and at least one cell below the column label for specifying a condition for the column.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
9
10
A B C D E F
Tree Height Age Yield Profit Height
Apple >10 <16
Pear
Tree Height Age Yield Profit
Apple 18 20 14 105.00
Pear 12 12 10 96.00
Cherry 13 14 9 105.00
Apple 14 15 10 75.00
Pear 9 8 8 76.80
Apple 8 9 6 45.00
Formula Description (Result)
=DCOUNT
(A4:E10,"Age",A1:F2)
This function looks at the records of apple trees between a height of
10 and 16 and counts how many of the Age fields in those records
contain numbers. (1)
=DCOUNTA
(A4:E10,"Profit",A1:F2)
This function looks at the records of apple trees between a height of
10 and 16 and counts how many of the Profit fields in those records
are not blank. (1)
=DMAX
(A4:E10,"Profit",A1:A3)
The maximum profit of apple and pear trees. (105)
=DMI N
(A4:E10,"Profit",A1:B2)
The minimum profit of apple trees over 10 in height. (75)
=DSUM
(A4:E10,"Profit",A1:A2)
The total profit from apple trees. (225)
=DSUM
(A4:E10,"Profit",A1:F2)
The total profit from apple trees with a height between 10 and 16. (75)
=DPRODUCT
(A4:E10,"Yield",A1:B2)
The product of the yields from apple trees with a height greater than
10. (140)
=DAVERAGE
(A4:E10,"Yield",A1:B2)
The average yield of apple trees over 10 feet in height. (12)
=DAVERAGE
(A4:E10,3,A4:E10)
The average age of all trees in the database. (13)
=DSTDEV
(A4:E10,"Yield",A1:A3)
The estimated standard deviation in the yield of apple and pear trees if
the data in the database is only a sample of the total orchard
population. (2.97)
Page 1of 3 DMIN
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Tips
You can use any range for the criteria argument, as long as it includes at least one column label and at least one cell below the
column label for specifying the condition.
For example, if the range G1:G2 contains the column label Income in G1 and the amount 10,000 in G2, you could define the range
as MatchIncome and use that name as the criteria argument in the database functions.
Although the criteria range can be located anywhere on the worksheet, do not place the criteria range below the list. If you add
more information to the list by using the Form command on the Data menu, the new information is added to the first row below
the list. I f the row below the list is not blank, Microsoft Excel cannot add the new information.
Make sure the criteria range does not overlap the list.
To perform an operation on an entire column in a database, enter a blank line below the column labels in the criteria range.
Examples of criteria
Multiple conditions in a single column
If you have two or more conditions for a single column, type the criteria directly below each other in separate rows. For example,
the following criteria range displays the rows that contain either "Davolio," "Buchanan," or "Suyama" in the Salesperson column.
One condition in two or more columns
To find data that meets one condition in two or more columns, enter all the criteria in the same row of the criteria range. For
example, the following criteria range displays all rows that contain "Produce" in the Type column, "Davolio" in the Salesperson
column, and sales values greater than $1,000.
One condition in one column or another
To find data that meets either a condition in one column or a condition in another column, enter the criteria in different rows of
the criteria range. For example, the following criteria range displays all rows that contain either "Produce" in the Type column,
"Davolio" in the Salesperson column, or sales values greater than $1,000.
One of two sets of conditions for two columns
To find rows that meet one of two sets of conditions, where each set includes conditions for more than one column, type the
criteria in separate rows. For example, the following criteria range displays the rows that contain both "Davolio" in the Salesperson
column and sales values greater than $3,000, and also displays the rows for salesperson Buchanan with sales values greater than
$1,500.
=DSTDEVP
(A4:E10,"Yield",A1:A3)
The true standard deviation in the yield of apple and pear trees if the
data in the database is the entire population. (2.65)
=DVAR
(A4:E10,"Yield",A1:A3)
The estimated variance in the yield of apple and pear trees if the data
in the database is only a sample of the total orchard population. (8.8)
=DVARP
(A4:E10,"Yield",A1:A3)
The true variance in the yield of apple and pear trees if the data in the
database is the entire orchard population. ( 7.04)
=DGET
(A4:E10,"Yield",A1:A3)
Returns the #NUM! error value because more than one record meets
the criteria.
Salesperson
Davolio
Buchanan
Suyama
Type Salesperson Sales
Produce Davolio >1000
Type Salesperson Sales
Produce
Davolio
>1000
Salesperson Sales
Davolio >3000
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More than two sets of conditions for one column
To find rows that meet greater than two sets of conditions, include multiple columns with the same column heading. For example,
the following criteria range displays sales that are between 5,000 and 8,000 in addition to sales that are less than 500.
Conditions created as the result of a formula
You can use a calculated value that is the result of a formula (formula: A sequence of values, cell references, names, functions, or
operators in a cell that together produce a new value. A formula always begins with an equal sign (=).) as your criterion. When
you use a formula to create a criterion, do not use a column label for a criteria label; either keep the criteria label blank or use a
label that is not a column label in the list. For example, the following criteria range displays rows that have a value in column C
greater than the average of cells C7:C10.
Notes
The formula you use for a condition must use a relative reference (relative reference: In a formula, the address of a cell based
on the relative position of the cell that contains the formula and the cell referred to. If you copy the formula, the reference
automatically adjusts. A relative reference takes the form A1.) to refer to the column label (for example, Sales) or the
corresponding field in the first record. All other references in the formula must be absolute references (absolute cell reference:
In a formula, the exact address of a cell, regardless of the position of the cell that contains the formula. An absolute cell
reference takes the form $A$1.), and the formula must evaluate to TRUE or FALSE. I n the formula example, "C7" refers to the
field (column C) for the first record (row 7) of the list.
You can use a column label in the formula instead of a relative cell reference or a range name. When Microsoft Excel displays
an error value such as #NAME? or #VALUE! in the cell that contains the criterion, you can ignore this error because it does not
affect how the list is filtered.
When evaluating data, Microsoft Excel does not distinguish between uppercase and lowercase characters.
Buchanan >1500
Sales Sales
>5000 <8000
<500
=C7>AVERAGE($C$7:$C$10)
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DPRODUCT
See Also
Multiplies the values in a column of a list or database that match conditions you specify.
Syntax
DPRODUCT(database,field,criteria)
Database is the range of cells that makes up the list or database. A database is a list of related data in which rows of related
information are records, and columns of data are fields. The first row of the list contains labels for each column.
Field indicates which column is used in the function. Field can be given as text with the column label enclosed between double
quotation marks, such as "Age" or "Yield," or as a number that represents the position of the column within the list: 1 for the first
column, 2 for the second column, and so on.
Criteria is the range of cells that contains the conditions you specify. You can use any range for the criteria argument, as long as it
includes at least one column label and at least one cell below the column label for specifying a condition for the column.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
9
10
A B C D E F
Tree Height Age Yield Profit Height
Apple >10 <16
Pear
Tree Height Age Yield Profit
Apple 18 20 14 105.00
Pear 12 12 10 96.00
Cherry 13 14 9 105.00
Apple 14 15 10 75.00
Pear 9 8 8 76.80
Apple 8 9 6 45.00
Formula Description (Result)
=DCOUNT
(A4:E10,"Age",A1:F2)
This function looks at the records of apple trees between a height of
10 and 16 and counts how many of the Age fields in those records
contain numbers. (1)
=DCOUNTA
(A4:E10,"Profit",A1:F2)
This function looks at the records of apple trees between a height of
10 and 16 and counts how many of the Profit fields in those records
are not blank. (1)
=DMAX
(A4:E10,"Profit",A1:A3)
The maximum profit of apple and pear trees. (105)
=DMI N
(A4:E10,"Profit",A1:B2)
The minimum profit of apple trees over 10 in height. (75)
=DSUM
(A4:E10,"Profit",A1:A2)
The total profit from apple trees. (225)
=DSUM
(A4:E10,"Profit",A1:F2)
The total profit from apple trees with a height between 10 and 16. (75)
=DPRODUCT
(A4:E10,"Yield",A1:B2)
The product of the yields from apple trees with a height greater than
10. (140)
=DAVERAGE
(A4:E10,"Yield",A1:B2)
The average yield of apple trees over 10 feet in height. (12)
=DAVERAGE
(A4:E10,3,A4:E10)
The average age of all trees in the database. (13)
=DSTDEV
(A4:E10,"Yield",A1:A3)
The estimated standard deviation in the yield of apple and pear trees if
the data in the database is only a sample of the total orchard
population. (2.97)
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Tips
You can use any range for the criteria argument, as long as it includes at least one column label and at least one cell below the
column label for specifying the condition.
For example, if the range G1:G2 contains the column label Income in G1 and the amount 10,000 in G2, you could define the range
as MatchIncome and use that name as the criteria argument in the database functions.
Although the criteria range can be located anywhere on the worksheet, do not place the criteria range below the list. If you add
more information to the list by using the Form command on the Data menu, the new information is added to the first row below
the list. I f the row below the list is not blank, Microsoft Excel cannot add the new information.
Make sure the criteria range does not overlap the list.
To perform an operation on an entire column in a database, enter a blank line below the column labels in the criteria range.
Examples of criteria
Multiple conditions in a single column
If you have two or more conditions for a single column, type the criteria directly below each other in separate rows. For example,
the following criteria range displays the rows that contain either "Davolio," "Buchanan," or "Suyama" in the Salesperson column.
One condition in two or more columns
To find data that meets one condition in two or more columns, enter all the criteria in the same row of the criteria range. For
example, the following criteria range displays all rows that contain "Produce" in the Type column, "Davolio" in the Salesperson
column, and sales values greater than $1,000.
One condition in one column or another
To find data that meets either a condition in one column or a condition in another column, enter the criteria in different rows of
the criteria range. For example, the following criteria range displays all rows that contain either "Produce" in the Type column,
"Davolio" in the Salesperson column, or sales values greater than $1,000.
One of two sets of conditions for two columns
To find rows that meet one of two sets of conditions, where each set includes conditions for more than one column, type the
criteria in separate rows. For example, the following criteria range displays the rows that contain both "Davolio" in the Salesperson
column and sales values greater than $3,000, and also displays the rows for salesperson Buchanan with sales values greater than
$1,500.
=DSTDEVP
(A4:E10,"Yield",A1:A3)
The true standard deviation in the yield of apple and pear trees if the
data in the database is the entire population. (2.65)
=DVAR
(A4:E10,"Yield",A1:A3)
The estimated variance in the yield of apple and pear trees if the data
in the database is only a sample of the total orchard population. (8.8)
=DVARP
(A4:E10,"Yield",A1:A3)
The true variance in the yield of apple and pear trees if the data in the
database is the entire orchard population. ( 7.04)
=DGET
(A4:E10,"Yield",A1:A3)
Returns the #NUM! error value because more than one record meets
the criteria.
Salesperson
Davolio
Buchanan
Suyama
Type Salesperson Sales
Produce Davolio >1000
Type Salesperson Sales
Produce
Davolio
>1000
Salesperson Sales
Davolio >3000
Page 2of 3 DPRODUCT
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More than two sets of conditions for one column
To find rows that meet greater than two sets of conditions, include multiple columns with the same column heading. For example,
the following criteria range displays sales that are between 5,000 and 8,000 in addition to sales that are less than 500.
Conditions created as the result of a formula
You can use a calculated value that is the result of a formula (formula: A sequence of values, cell references, names, functions, or
operators in a cell that together produce a new value. A formula always begins with an equal sign (=).) as your criterion. When
you use a formula to create a criterion, do not use a column label for a criteria label; either keep the criteria label blank or use a
label that is not a column label in the list. For example, the following criteria range displays rows that have a value in column C
greater than the average of cells C7:C10.
Notes
The formula you use for a condition must use a relative reference (relative reference: In a formula, the address of a cell based
on the relative position of the cell that contains the formula and the cell referred to. If you copy the formula, the reference
automatically adjusts. A relative reference takes the form A1.) to refer to the column label (for example, Sales) or the
corresponding field in the first record. All other references in the formula must be absolute references (absolute cell reference:
In a formula, the exact address of a cell, regardless of the position of the cell that contains the formula. An absolute cell
reference takes the form $A$1.), and the formula must evaluate to TRUE or FALSE. I n the formula example, "C7" refers to the
field (column C) for the first record (row 7) of the list.
You can use a column label in the formula instead of a relative cell reference or a range name. When Microsoft Excel displays
an error value such as #NAME? or #VALUE! in the cell that contains the criterion, you can ignore this error because it does not
affect how the list is filtered.
When evaluating data, Microsoft Excel does not distinguish between uppercase and lowercase characters.
Buchanan >1500
Sales Sales
>5000 <8000
<500
=C7>AVERAGE($C$7:$C$10)
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DSTDEV
See Also
Estimates the standard deviation of a population based on a sample by using the numbers in a column of a list or database that
match conditions you specify.
Syntax
DSTDEV(database,field,criteria)
Database is the range of cells that makes up the list or database. A database is a list of related data in which rows of related
information are records, and columns of data are fields. The first row of the list contains labels for each column.
Field indicates which column is used in the function. Field can be given as text with the column label enclosed between double
quotation marks, such as "Age" or "Yield," or as a number that represents the position of the column within the list: 1 for the first
column, 2 for the second column, and so on.
Criteria is the range of cells that contains the conditions you specify. You can use any range for the criteria argument, as long as it
includes at least one column label and at least one cell below the column label for specifying a condition for the column.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
9
10
A B C D E F
Tree Height Age Yield Profit Height
Apple >10 <16
Pear
Tree Height Age Yield Profit
Apple 18 20 14 105.00
Pear 12 12 10 96.00
Cherry 13 14 9 105.00
Apple 14 15 10 75.00
Pear 9 8 8 76.80
Apple 8 9 6 45.00
Formula Description (Result)
=DCOUNT
(A4:E10,"Age",A1:F2)
This function looks at the records of apple trees between a height of
10 and 16 and counts how many of the Age fields in those records
contain numbers. (1)
=DCOUNTA
(A4:E10,"Profit",A1:F2)
This function looks at the records of apple trees between a height of
10 and 16 and counts how many of the Profit fields in those records
are not blank. (1)
=DMAX
(A4:E10,"Profit",A1:A3)
The maximum profit of apple and pear trees. (105)
=DMI N
(A4:E10,"Profit",A1:B2)
The minimum profit of apple trees over 10 in height. (75)
=DSUM
(A4:E10,"Profit",A1:A2)
The total profit from apple trees. (225)
=DSUM
(A4:E10,"Profit",A1:F2)
The total profit from apple trees with a height between 10 and 16. (75)
=DPRODUCT
(A4:E10,"Yield",A1:B2)
The product of the yields from apple trees with a height greater than
10. (140)
=DAVERAGE
(A4:E10,"Yield",A1:B2)
The average yield of apple trees over 10 feet in height. (12)
=DAVERAGE
(A4:E10,3,A4:E10)
The average age of all trees in the database. (13)
=DSTDEV
(A4:E10,"Yield",A1:A3)
The estimated standard deviation in the yield of apple and pear trees if
the data in the database is only a sample of the total orchard
population. (2.97)
Page 1of 3 DSTDEV
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Tips
You can use any range for the criteria argument, as long as it includes at least one column label and at least one cell below the
column label for specifying the condition.
For example, if the range G1:G2 contains the column label Income in G1 and the amount 10,000 in G2, you could define the range
as MatchIncome and use that name as the criteria argument in the database functions.
Although the criteria range can be located anywhere on the worksheet, do not place the criteria range below the list. If you add
more information to the list by using the Form command on the Data menu, the new information is added to the first row below
the list. I f the row below the list is not blank, Microsoft Excel cannot add the new information.
Make sure the criteria range does not overlap the list.
To perform an operation on an entire column in a database, enter a blank line below the column labels in the criteria range.
Examples of criteria
Multiple conditions in a single column
If you have two or more conditions for a single column, type the criteria directly below each other in separate rows. For example,
the following criteria range displays the rows that contain either "Davolio," "Buchanan," or "Suyama" in the Salesperson column.
One condition in two or more columns
To find data that meets one condition in two or more columns, enter all the criteria in the same row of the criteria range. For
example, the following criteria range displays all rows that contain "Produce" in the Type column, "Davolio" in the Salesperson
column, and sales values greater than $1,000.
One condition in one column or another
To find data that meets either a condition in one column or a condition in another column, enter the criteria in different rows of
the criteria range. For example, the following criteria range displays all rows that contain either "Produce" in the Type column,
"Davolio" in the Salesperson column, or sales values greater than $1,000.
One of two sets of conditions for two columns
To find rows that meet one of two sets of conditions, where each set includes conditions for more than one column, type the
criteria in separate rows. For example, the following criteria range displays the rows that contain both "Davolio" in the Salesperson
column and sales values greater than $3,000, and also displays the rows for salesperson Buchanan with sales values greater than
$1,500.
=DSTDEVP
(A4:E10,"Yield",A1:A3)
The true standard deviation in the yield of apple and pear trees if the
data in the database is the entire population. (2.65)
=DVAR
(A4:E10,"Yield",A1:A3)
The estimated variance in the yield of apple and pear trees if the data
in the database is only a sample of the total orchard population. (8.8)
=DVARP
(A4:E10,"Yield",A1:A3)
The true variance in the yield of apple and pear trees if the data in the
database is the entire orchard population. ( 7.04)
=DGET
(A4:E10,"Yield",A1:A3)
Returns the #NUM! error value because more than one record meets
the criteria.
Salesperson
Davolio
Buchanan
Suyama
Type Salesperson Sales
Produce Davolio >1000
Type Salesperson Sales
Produce
Davolio
>1000
Salesperson Sales
Davolio >3000
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More than two sets of conditions for one column
To find rows that meet greater than two sets of conditions, include multiple columns with the same column heading. For example,
the following criteria range displays sales that are between 5,000 and 8,000 in addition to sales that are less than 500.
Conditions created as the result of a formula
You can use a calculated value that is the result of a formula (formula: A sequence of values, cell references, names, functions, or
operators in a cell that together produce a new value. A formula always begins with an equal sign (=).) as your criterion. When
you use a formula to create a criterion, do not use a column label for a criteria label; either keep the criteria label blank or use a
label that is not a column label in the list. For example, the following criteria range displays rows that have a value in column C
greater than the average of cells C7:C10.
Notes
The formula you use for a condition must use a relative reference (relative reference: In a formula, the address of a cell based
on the relative position of the cell that contains the formula and the cell referred to. If you copy the formula, the reference
automatically adjusts. A relative reference takes the form A1.) to refer to the column label (for example, Sales) or the
corresponding field in the first record. All other references in the formula must be absolute references (absolute cell reference:
In a formula, the exact address of a cell, regardless of the position of the cell that contains the formula. An absolute cell
reference takes the form $A$1.), and the formula must evaluate to TRUE or FALSE. I n the formula example, "C7" refers to the
field (column C) for the first record (row 7) of the list.
You can use a column label in the formula instead of a relative cell reference or a range name. When Microsoft Excel displays
an error value such as #NAME? or #VALUE! in the cell that contains the criterion, you can ignore this error because it does not
affect how the list is filtered.
When evaluating data, Microsoft Excel does not distinguish between uppercase and lowercase characters.
Buchanan >1500
Sales Sales
>5000 <8000
<500
=C7>AVERAGE($C$7:$C$10)
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DSTDEVP
See Also
Calculates the standard deviation of a population based on the entire population, using the numbers in a column of a list or
database that match conditions you specify.
Syntax
DSTDEVP(database,field,criteria)
Database is the range of cells that makes up the list or database. A database is a list of related data in which rows of related
information are records, and columns of data are fields. The first row of the list contains labels for each column.
Field indicates which column is used in the function. Field can be given as text with the column label enclosed between double
quotation marks, such as "Age" or "Yield," or as a number that represents the position of the column within the list: 1 for the first
column, 2 for the second column, and so on.
Criteria is the range of cells that contains the conditions you specify. You can use any range for the criteria argument, as long as it
includes at least one column label and at least one cell below the column label for specifying a condition for the column.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
9
10
A B C D E F
Tree Height Age Yield Profit Height
Apple >10 <16
Pear
Tree Height Age Yield Profit
Apple 18 20 14 105.00
Pear 12 12 10 96.00
Cherry 13 14 9 105.00
Apple 14 15 10 75.00
Pear 9 8 8 76.80
Apple 8 9 6 45.00
Formula Description (Result)
=DCOUNT
(A4:E10,"Age",A1:F2)
This function looks at the records of apple trees between a height of
10 and 16 and counts how many of the Age fields in those records
contain numbers. (1)
=DCOUNTA
(A4:E10,"Profit",A1:F2)
This function looks at the records of apple trees between a height of
10 and 16 and counts how many of the Profit fields in those records
are not blank. (1)
=DMAX
(A4:E10,"Profit",A1:A3)
The maximum profit of apple and pear trees. (105)
=DMI N
(A4:E10,"Profit",A1:B2)
The minimum profit of apple trees over 10 in height. (75)
=DSUM
(A4:E10,"Profit",A1:A2)
The total profit from apple trees. (225)
=DSUM
(A4:E10,"Profit",A1:F2)
The total profit from apple trees with a height between 10 and 16. (75)
=DPRODUCT
(A4:E10,"Yield",A1:B2)
The product of the yields from apple trees with a height greater than
10. (140)
=DAVERAGE
(A4:E10,"Yield",A1:B2)
The average yield of apple trees over 10 feet in height. (12)
=DAVERAGE
(A4:E10,3,A4:E10)
The average age of all trees in the database. (13)
=DSTDEV
(A4:E10,"Yield",A1:A3)
The estimated standard deviation in the yield of apple and pear trees if
the data in the database is only a sample of the total orchard
population. (2.97)
Page 1of 3 DSTDEVP
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Tips
You can use any range for the criteria argument, as long as it includes at least one column label and at least one cell below the
column label for specifying the condition.
For example, if the range G1:G2 contains the column label Income in G1 and the amount 10,000 in G2, you could define the range
as MatchIncome and use that name as the criteria argument in the database functions.
Although the criteria range can be located anywhere on the worksheet, do not place the criteria range below the list. If you add
more information to the list by using the Form command on the Data menu, the new information is added to the first row below
the list. I f the row below the list is not blank, Microsoft Excel cannot add the new information.
Make sure the criteria range does not overlap the list.
To perform an operation on an entire column in a database, enter a blank line below the column labels in the criteria range.
Examples of criteria
Multiple conditions in a single column
If you have two or more conditions for a single column, type the criteria directly below each other in separate rows. For example,
the following criteria range displays the rows that contain either "Davolio," "Buchanan," or "Suyama" in the Salesperson column.
One condition in two or more columns
To find data that meets one condition in two or more columns, enter all the criteria in the same row of the criteria range. For
example, the following criteria range displays all rows that contain "Produce" in the Type column, "Davolio" in the Salesperson
column, and sales values greater than $1,000.
One condition in one column or another
To find data that meets either a condition in one column or a condition in another column, enter the criteria in different rows of
the criteria range. For example, the following criteria range displays all rows that contain either "Produce" in the Type column,
"Davolio" in the Salesperson column, or sales values greater than $1,000.
One of two sets of conditions for two columns
To find rows that meet one of two sets of conditions, where each set includes conditions for more than one column, type the
criteria in separate rows. For example, the following criteria range displays the rows that contain both "Davolio" in the Salesperson
column and sales values greater than $3,000, and also displays the rows for salesperson Buchanan with sales values greater than
$1,500.
=DSTDEVP
(A4:E10,"Yield",A1:A3)
The true standard deviation in the yield of apple and pear trees if the
data in the database is the entire population. (2.65)
=DVAR
(A4:E10,"Yield",A1:A3)
The estimated variance in the yield of apple and pear trees if the data
in the database is only a sample of the total orchard population. (8.8)
=DVARP
(A4:E10,"Yield",A1:A3)
The true variance in the yield of apple and pear trees if the data in the
database is the entire orchard population. ( 7.04)
=DGET
(A4:E10,"Yield",A1:A3)
Returns the #NUM! error value because more than one record meets
the criteria.
Salesperson
Davolio
Buchanan
Suyama
Type Salesperson Sales
Produce Davolio >1000
Type Salesperson Sales
Produce
Davolio
>1000
Salesperson Sales
Davolio >3000
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More than two sets of conditions for one column
To find rows that meet greater than two sets of conditions, include multiple columns with the same column heading. For example,
the following criteria range displays sales that are between 5,000 and 8,000 in addition to sales that are less than 500.
Conditions created as the result of a formula
You can use a calculated value that is the result of a formula (formula: A sequence of values, cell references, names, functions, or
operators in a cell that together produce a new value. A formula always begins with an equal sign (=).) as your criterion. When
you use a formula to create a criterion, do not use a column label for a criteria label; either keep the criteria label blank or use a
label that is not a column label in the list. For example, the following criteria range displays rows that have a value in column C
greater than the average of cells C7:C10.
Notes
The formula you use for a condition must use a relative reference (relative reference: In a formula, the address of a cell based
on the relative position of the cell that contains the formula and the cell referred to. If you copy the formula, the reference
automatically adjusts. A relative reference takes the form A1.) to refer to the column label (for example, Sales) or the
corresponding field in the first record. All other references in the formula must be absolute references (absolute cell reference:
In a formula, the exact address of a cell, regardless of the position of the cell that contains the formula. An absolute cell
reference takes the form $A$1.), and the formula must evaluate to TRUE or FALSE. I n the formula example, "C7" refers to the
field (column C) for the first record (row 7) of the list.
You can use a column label in the formula instead of a relative cell reference or a range name. When Microsoft Excel displays
an error value such as #NAME? or #VALUE! in the cell that contains the criterion, you can ignore this error because it does not
affect how the list is filtered.
When evaluating data, Microsoft Excel does not distinguish between uppercase and lowercase characters.
Buchanan >1500
Sales Sales
>5000 <8000
<500
=C7>AVERAGE($C$7:$C$10)
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DSUM
See Also
Adds the numbers in a column of a list or database that match conditions you specify.
Syntax
DSUM(database,field,criteria)
Database is the range of cells that makes up the list or database. A database is a list of related data in which rows of related
information are records, and columns of data are fields. The first row of the list contains labels for each column.
Field indicates which column is used in the function. Field can be given as text with the column label enclosed between double
quotation marks, such as "Age" or "Yield," or as a number that represents the position of the column within the list: 1 for the first
column, 2 for the second column, and so on.
Criteria is the range of cells that contains the conditions you specify. You can use any range for the criteria argument, as long as it
includes at least one column label and at least one cell below the column label for specifying a condition for the column.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
9
10
A B C D E F
Tree Height Age Yield Profit Height
Apple >10 <16
Pear
Tree Height Age Yield Profit
Apple 18 20 14 105.00
Pear 12 12 10 96.00
Cherry 13 14 9 105.00
Apple 14 15 10 75.00
Pear 9 8 8 76.80
Apple 8 9 6 45.00
Formula Description (Result)
=DCOUNT
(A4:E10,"Age",A1:F2)
This function looks at the records of apple trees between a height of
10 and 16 and counts how many of the Age fields in those records
contain numbers. (1)
=DCOUNTA
(A4:E10,"Profit",A1:F2)
This function looks at the records of apple trees between a height of
10 and 16 and counts how many of the Profit fields in those records
are not blank. (1)
=DMAX
(A4:E10,"Profit",A1:A3)
The maximum profit of apple and pear trees. (105)
=DMI N
(A4:E10,"Profit",A1:B2)
The minimum profit of apple trees over 10 in height. (75)
=DSUM
(A4:E10,"Profit",A1:A2)
The total profit from apple trees. (225)
=DSUM
(A4:E10,"Profit",A1:F2)
The total profit from apple trees with a height between 10 and 16. (75)
=DPRODUCT
(A4:E10,"Yield",A1:B2)
The product of the yields from apple trees with a height greater than
10. (140)
=DAVERAGE
(A4:E10,"Yield",A1:B2)
The average yield of apple trees over 10 feet in height. (12)
=DAVERAGE
(A4:E10,3,A4:E10)
The average age of all trees in the database. (13)
=DSTDEV
(A4:E10,"Yield",A1:A3)
The estimated standard deviation in the yield of apple and pear trees if
the data in the database is only a sample of the total orchard
population. (2.97)
Page 1of 3 DSUM
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Tips
You can use any range for the criteria argument, as long as it includes at least one column label and at least one cell below the
column label for specifying the condition.
For example, if the range G1:G2 contains the column label Income in G1 and the amount 10,000 in G2, you could define the range
as MatchIncome and use that name as the criteria argument in the database functions.
Although the criteria range can be located anywhere on the worksheet, do not place the criteria range below the list. If you add
more information to the list by using the Form command on the Data menu, the new information is added to the first row below
the list. I f the row below the list is not blank, Microsoft Excel cannot add the new information.
Make sure the criteria range does not overlap the list.
To perform an operation on an entire column in a database, enter a blank line below the column labels in the criteria range.
Examples of criteria
Multiple conditions in a single column
If you have two or more conditions for a single column, type the criteria directly below each other in separate rows. For example,
the following criteria range displays the rows that contain either "Davolio," "Buchanan," or "Suyama" in the Salesperson column.
One condition in two or more columns
To find data that meets one condition in two or more columns, enter all the criteria in the same row of the criteria range. For
example, the following criteria range displays all rows that contain "Produce" in the Type column, "Davolio" in the Salesperson
column, and sales values greater than $1,000.
One condition in one column or another
To find data that meets either a condition in one column or a condition in another column, enter the criteria in different rows of
the criteria range. For example, the following criteria range displays all rows that contain either "Produce" in the Type column,
"Davolio" in the Salesperson column, or sales values greater than $1,000.
One of two sets of conditions for two columns
To find rows that meet one of two sets of conditions, where each set includes conditions for more than one column, type the
criteria in separate rows. For example, the following criteria range displays the rows that contain both "Davolio" in the Salesperson
column and sales values greater than $3,000, and also displays the rows for salesperson Buchanan with sales values greater than
$1,500.
=DSTDEVP
(A4:E10,"Yield",A1:A3)
The true standard deviation in the yield of apple and pear trees if the
data in the database is the entire population. (2.65)
=DVAR
(A4:E10,"Yield",A1:A3)
The estimated variance in the yield of apple and pear trees if the data
in the database is only a sample of the total orchard population. (8.8)
=DVARP
(A4:E10,"Yield",A1:A3)
The true variance in the yield of apple and pear trees if the data in the
database is the entire orchard population. ( 7.04)
=DGET
(A4:E10,"Yield",A1:A3)
Returns the #NUM! error value because more than one record meets
the criteria.
Salesperson
Davolio
Buchanan
Suyama
Type Salesperson Sales
Produce Davolio >1000
Type Salesperson Sales
Produce
Davolio
>1000
Salesperson Sales
Davolio >3000
Page 2of 3 DSUM
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More than two sets of conditions for one column
To find rows that meet greater than two sets of conditions, include multiple columns with the same column heading. For example,
the following criteria range displays sales that are between 5,000 and 8,000 in addition to sales that are less than 500.
Conditions created as the result of a formula
You can use a calculated value that is the result of a formula (formula: A sequence of values, cell references, names, functions, or
operators in a cell that together produce a new value. A formula always begins with an equal sign (=).) as your criterion. When
you use a formula to create a criterion, do not use a column label for a criteria label; either keep the criteria label blank or use a
label that is not a column label in the list. For example, the following criteria range displays rows that have a value in column C
greater than the average of cells C7:C10.
Notes
The formula you use for a condition must use a relative reference (relative reference: In a formula, the address of a cell based
on the relative position of the cell that contains the formula and the cell referred to. If you copy the formula, the reference
automatically adjusts. A relative reference takes the form A1.) to refer to the column label (for example, Sales) or the
corresponding field in the first record. All other references in the formula must be absolute references (absolute cell reference:
In a formula, the exact address of a cell, regardless of the position of the cell that contains the formula. An absolute cell
reference takes the form $A$1.), and the formula must evaluate to TRUE or FALSE. I n the formula example, "C7" refers to the
field (column C) for the first record (row 7) of the list.
You can use a column label in the formula instead of a relative cell reference or a range name. When Microsoft Excel displays
an error value such as #NAME? or #VALUE! in the cell that contains the criterion, you can ignore this error because it does not
affect how the list is filtered.
When evaluating data, Microsoft Excel does not distinguish between uppercase and lowercase characters.
Buchanan >1500
Sales Sales
>5000 <8000
<500
=C7>AVERAGE($C$7:$C$10)
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DVAR
See Also
Estimates the variance of a population based on a sample by using the numbers in a column of a list or database that match
conditions you specify.
Syntax
DVAR(database,field,criteria)
Database is the range of cells that makes up the list or database. A database is a list of related data in which rows of related
information are records, and columns of data are fields. The first row of the list contains labels for each column.
Field indicates which column is used in the function. Field can be given as text with the column label enclosed between double
quotation marks, such as "Age" or "Yield," or as a number that represents the position of the column within the list: 1 for the first
column, 2 for the second column, and so on.
Criteria is the range of cells that contains the conditions you specify. You can use any range for the criteria argument, as long as it
includes at least one column label and at least one cell below the column label for specifying a condition for the column.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
9
10
A B C D E F
Tree Height Age Yield Profit Height
Apple >10 <16
Pear
Tree Height Age Yield Profit
Apple 18 20 14 105.00
Pear 12 12 10 96.00
Cherry 13 14 9 105.00
Apple 14 15 10 75.00
Pear 9 8 8 76.80
Apple 8 9 6 45.00
Formula Description (Result)
=DCOUNT
(A4:E10,"Age",A1:F2)
This function looks at the records of apple trees between a height of
10 and 16 and counts how many of the Age fields in those records
contain numbers. (1)
=DCOUNTA
(A4:E10,"Profit",A1:F2)
This function looks at the records of apple trees between a height of
10 and 16 and counts how many of the Profit fields in those records
are not blank. (1)
=DMAX
(A4:E10,"Profit",A1:A3)
The maximum profit of apple and pear trees. (105)
=DMI N
(A4:E10,"Profit",A1:B2)
The minimum profit of apple trees over 10 in height. (75)
=DSUM
(A4:E10,"Profit",A1:A2)
The total profit from apple trees. (225)
=DSUM
(A4:E10,"Profit",A1:F2)
The total profit from apple trees with a height between 10 and 16. (75)
=DPRODUCT
(A4:E10,"Yield",A1:B2)
The product of the yields from apple trees with a height greater than
10. (140)
=DAVERAGE
(A4:E10,"Yield",A1:B2)
The average yield of apple trees over 10 feet in height. (12)
=DAVERAGE
(A4:E10,3,A4:E10)
The average age of all trees in the database. (13)
=DSTDEV
(A4:E10,"Yield",A1:A3)
The estimated standard deviation in the yield of apple and pear trees if
the data in the database is only a sample of the total orchard
population. (2.97)
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Tips
You can use any range for the criteria argument, as long as it includes at least one column label and at least one cell below the
column label for specifying the condition.
For example, if the range G1:G2 contains the column label Income in G1 and the amount 10,000 in G2, you could define the range
as MatchIncome and use that name as the criteria argument in the database functions.
Although the criteria range can be located anywhere on the worksheet, do not place the criteria range below the list. If you add
more information to the list by using the Form command on the Data menu, the new information is added to the first row below
the list. I f the row below the list is not blank, Microsoft Excel cannot add the new information.
Make sure the criteria range does not overlap the list.
To perform an operation on an entire column in a database, enter a blank line below the column labels in the criteria range.
Examples of criteria
Multiple conditions in a single column
If you have two or more conditions for a single column, type the criteria directly below each other in separate rows. For example,
the following criteria range displays the rows that contain either "Davolio," "Buchanan," or "Suyama" in the Salesperson column.
One condition in two or more columns
To find data that meets one condition in two or more columns, enter all the criteria in the same row of the criteria range. For
example, the following criteria range displays all rows that contain "Produce" in the Type column, "Davolio" in the Salesperson
column, and sales values greater than $1,000.
One condition in one column or another
To find data that meets either a condition in one column or a condition in another column, enter the criteria in different rows of
the criteria range. For example, the following criteria range displays all rows that contain either "Produce" in the Type column,
"Davolio" in the Salesperson column, or sales values greater than $1,000.
One of two sets of conditions for two columns
To find rows that meet one of two sets of conditions, where each set includes conditions for more than one column, type the
criteria in separate rows. For example, the following criteria range displays the rows that contain both "Davolio" in the Salesperson
column and sales values greater than $3,000, and also displays the rows for salesperson Buchanan with sales values greater than
$1,500.
=DSTDEVP
(A4:E10,"Yield",A1:A3)
The true standard deviation in the yield of apple and pear trees if the
data in the database is the entire population. (2.65)
=DVAR
(A4:E10,"Yield",A1:A3)
The estimated variance in the yield of apple and pear trees if the data
in the database is only a sample of the total orchard population. (8.8)
=DVARP
(A4:E10,"Yield",A1:A3)
The true variance in the yield of apple and pear trees if the data in the
database is the entire orchard population. ( 7.04)
=DGET
(A4:E10,"Yield",A1:A3)
Returns the #NUM! error value because more than one record meets
the criteria.
Salesperson
Davolio
Buchanan
Suyama
Type Salesperson Sales
Produce Davolio >1000
Type Salesperson Sales
Produce
Davolio
>1000
Salesperson Sales
Davolio >3000
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More than two sets of conditions for one column
To find rows that meet greater than two sets of conditions, include multiple columns with the same column heading. For example,
the following criteria range displays sales that are between 5,000 and 8,000 in addition to sales that are less than 500.
Conditions created as the result of a formula
You can use a calculated value that is the result of a formula (formula: A sequence of values, cell references, names, functions, or
operators in a cell that together produce a new value. A formula always begins with an equal sign (=).) as your criterion. When
you use a formula to create a criterion, do not use a column label for a criteria label; either keep the criteria label blank or use a
label that is not a column label in the list. For example, the following criteria range displays rows that have a value in column C
greater than the average of cells C7:C10.
Notes
The formula you use for a condition must use a relative reference (relative reference: In a formula, the address of a cell based
on the relative position of the cell that contains the formula and the cell referred to. If you copy the formula, the reference
automatically adjusts. A relative reference takes the form A1.) to refer to the column label (for example, Sales) or the
corresponding field in the first record. All other references in the formula must be absolute references (absolute cell reference:
In a formula, the exact address of a cell, regardless of the position of the cell that contains the formula. An absolute cell
reference takes the form $A$1.), and the formula must evaluate to TRUE or FALSE. I n the formula example, "C7" refers to the
field (column C) for the first record (row 7) of the list.
You can use a column label in the formula instead of a relative cell reference or a range name. When Microsoft Excel displays
an error value such as #NAME? or #VALUE! in the cell that contains the criterion, you can ignore this error because it does not
affect how the list is filtered.
When evaluating data, Microsoft Excel does not distinguish between uppercase and lowercase characters.
Buchanan >1500
Sales Sales
>5000 <8000
<500
=C7>AVERAGE($C$7:$C$10)
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DVARP
See Also
Calculates the variance of a population based on the entire population by using the numbers in a column of a list or database that
match conditions you specify.
Syntax
DVARP(database,field,criteria)
Database is the range of cells that makes up the list or database. A database is a list of related data in which rows of related
information are records, and columns of data are fields. The first row of the list contains labels for each column.
Field indicates which column is used in the function. Field can be given as text with the column label enclosed between double
quotation marks, such as "Age" or "Yield," or as a number that represents the position of the column within the list: 1 for the first
column, 2 for the second column, and so on.
Criteria is the range of cells that contains the conditions you specify. You can use any range for the criteria argument, as long as it
includes at least one column label and at least one cell below the column label for specifying a condition for the column.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
9
10
A B C D E F
Tree Height Age Yield Profit Height
Apple >10 <16
Pear
Tree Height Age Yield Profit
Apple 18 20 14 105.00
Pear 12 12 10 96.00
Cherry 13 14 9 105.00
Apple 14 15 10 75.00
Pear 9 8 8 76.80
Apple 8 9 6 45.00
Formula Description (Result)
=DCOUNT
(A4:E10,"Age",A1:F2)
This function looks at the records of apple trees between a height of
10 and 16 and counts how many of the Age fields in those records
contain numbers. (1)
=DCOUNTA
(A4:E10,"Profit",A1:F2)
This function looks at the records of apple trees between a height of
10 and 16 and counts how many of the Profit fields in those records
are not blank. (1)
=DMAX
(A4:E10,"Profit",A1:A3)
The maximum profit of apple and pear trees. (105)
=DMI N
(A4:E10,"Profit",A1:B2)
The minimum profit of apple trees over 10 in height. (75)
=DSUM
(A4:E10,"Profit",A1:A2)
The total profit from apple trees. (225)
=DSUM
(A4:E10,"Profit",A1:F2)
The total profit from apple trees with a height between 10 and 16. (75)
=DPRODUCT
(A4:E10,"Yield",A1:B2)
The product of the yields from apple trees with a height greater than
10. (140)
=DAVERAGE
(A4:E10,"Yield",A1:B2)
The average yield of apple trees over 10 feet in height. (12)
=DAVERAGE
(A4:E10,3,A4:E10)
The average age of all trees in the database. (13)
=DSTDEV
(A4:E10,"Yield",A1:A3)
The estimated standard deviation in the yield of apple and pear trees if
the data in the database is only a sample of the total orchard
population. (2.97)
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Tips
You can use any range for the criteria argument, as long as it includes at least one column label and at least one cell below the
column label for specifying the condition.
For example, if the range G1:G2 contains the column label Income in G1 and the amount 10,000 in G2, you could define the range
as MatchIncome and use that name as the criteria argument in the database functions.
Although the criteria range can be located anywhere on the worksheet, do not place the criteria range below the list. If you add
more information to the list by using the Form command on the Data menu, the new information is added to the first row below
the list. I f the row below the list is not blank, Microsoft Excel cannot add the new information.
Make sure the criteria range does not overlap the list.
To perform an operation on an entire column in a database, enter a blank line below the column labels in the criteria range.
Examples of criteria
Multiple conditions in a single column
If you have two or more conditions for a single column, type the criteria directly below each other in separate rows. For example,
the following criteria range displays the rows that contain either "Davolio," "Buchanan," or "Suyama" in the Salesperson column.
One condition in two or more columns
To find data that meets one condition in two or more columns, enter all the criteria in the same row of the criteria range. For
example, the following criteria range displays all rows that contain "Produce" in the Type column, "Davolio" in the Salesperson
column, and sales values greater than $1,000.
One condition in one column or another
To find data that meets either a condition in one column or a condition in another column, enter the criteria in different rows of
the criteria range. For example, the following criteria range displays all rows that contain either "Produce" in the Type column,
"Davolio" in the Salesperson column, or sales values greater than $1,000.
One of two sets of conditions for two columns
To find rows that meet one of two sets of conditions, where each set includes conditions for more than one column, type the
criteria in separate rows. For example, the following criteria range displays the rows that contain both "Davolio" in the Salesperson
column and sales values greater than $3,000, and also displays the rows for salesperson Buchanan with sales values greater than
$1,500.
=DSTDEVP
(A4:E10,"Yield",A1:A3)
The true standard deviation in the yield of apple and pear trees if the
data in the database is the entire population. (2.65)
=DVAR
(A4:E10,"Yield",A1:A3)
The estimated variance in the yield of apple and pear trees if the data
in the database is only a sample of the total orchard population. (8.8)
=DVARP
(A4:E10,"Yield",A1:A3)
The true variance in the yield of apple and pear trees if the data in the
database is the entire orchard population. ( 7.04)
=DGET
(A4:E10,"Yield",A1:A3)
Returns the #NUM! error value because more than one record meets
the criteria.
Salesperson
Davolio
Buchanan
Suyama
Type Salesperson Sales
Produce Davolio >1000
Type Salesperson Sales
Produce
Davolio
>1000
Salesperson Sales
Davolio >3000
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More than two sets of conditions for one column
To find rows that meet greater than two sets of conditions, include multiple columns with the same column heading. For example,
the following criteria range displays sales that are between 5,000 and 8,000 in addition to sales that are less than 500.
Conditions created as the result of a formula
You can use a calculated value that is the result of a formula (formula: A sequence of values, cell references, names, functions, or
operators in a cell that together produce a new value. A formula always begins with an equal sign (=).) as your criterion. When
you use a formula to create a criterion, do not use a column label for a criteria label; either keep the criteria label blank or use a
label that is not a column label in the list. For example, the following criteria range displays rows that have a value in column C
greater than the average of cells C7:C10.
Notes
The formula you use for a condition must use a relative reference (relative reference: In a formula, the address of a cell based
on the relative position of the cell that contains the formula and the cell referred to. If you copy the formula, the reference
automatically adjusts. A relative reference takes the form A1.) to refer to the column label (for example, Sales) or the
corresponding field in the first record. All other references in the formula must be absolute references (absolute cell reference:
In a formula, the exact address of a cell, regardless of the position of the cell that contains the formula. An absolute cell
reference takes the form $A$1.), and the formula must evaluate to TRUE or FALSE. I n the formula example, "C7" refers to the
field (column C) for the first record (row 7) of the list.
You can use a column label in the formula instead of a relative cell reference or a range name. When Microsoft Excel displays
an error value such as #NAME? or #VALUE! in the cell that contains the criterion, you can ignore this error because it does not
affect how the list is filtered.
When evaluating data, Microsoft Excel does not distinguish between uppercase and lowercase characters.
Buchanan >1500
Sales Sales
>5000 <8000
<500
=C7>AVERAGE($C$7:$C$10)
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DATE
See Also
Returns the sequential serial number that represents a particular date. If the cell format was General before the function was
entered, the result is formatted as a date.
Syntax
DATE(year,month,day)
Year The year argument can be one to four digits. Microsoft Excel interprets the year argument according to the date system you are
using. By default, Excel for Windows uses the 1900 date system; Excel for the Macintosh uses the 1904 date system.
For the 1900 date system
I f year is between 0 (zero) and 1899 (inclusive), Excel adds that value to 1900 to calculate the year. For example, DATE
( 108, 1, 2) returns J anuary 2, 2008 (1900+108).
I f year is between 1900 and 9999 (inclusive), Excel uses that value as the year. For example, DATE( 2008, 1, 2) returns
J anuary 2, 2008.
I f year is less than 0 or is 10000 or greater, Excel returns the #NUM! error value.
For the 1904 date system
I f year is between 4 and 1899 (inclusive), Excel adds that value to 1900 to calculate the year. For example, DATE( 108, 1, 2)
returns J anuary 2, 2008 (1900+108).
I f year is between 1904 and 9999 (inclusive), Excel uses that value as the year. For example, DATE( 2008, 1, 2) returns
J anuary 2, 2008.
I f year is less than 4 or is 10000 or greater or if year is between 1900 and 1903 (inclusive), Excel returns the #NUM! error value.
Month is a number representing the month of the year. If month is greater than 12, month adds that number of months to the first
month in the year specified. For example, DATE( 2008, 14, 2) returns the serial number representing February 2, 2009.
Day is a number representing the day of the month. If day is greater than the number of days in the month specified, day adds that
number of days to the first day in the month. For example, DATE( 2008, 1, 35) returns the serial number representing February
4, 2008.
Remarks
Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial number 1,
and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Excel for the Macintosh uses a
different date system as its default.
The DATE function is most useful in formulas where year, month, and day are formulas, not constants.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note To view the number as a serial number, select the cell and click Cells on the Format menu. Click the Number tab, and then
click General in the Category box.

1
2
A B C
Year Month Day
2008 1 1
Formula Description (Result)
=DATE(A2,B2,C2) Serial date for the date above, using the 1900 date system (1/1/2008 or 39448)
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DATEVALUE
See Also
Returns the serial number of the date represented by date_text. Use DATEVALUE to convert a date represented by text to a serial
number.
Syntax
DATEVALUE(date_text)
Date_text is text that represents a date in a Microsoft Excel date format. For example, "1/30/2008" or "30-J an-2008" are text strings
within quotation marks that represent dates. Using the default date system in Excel for Windows, date_text must represent a date from
J anuary 1, 1900, to December 31, 9999. Using the default date system in Excel for the Macintosh, date_text must represent a date
from J anuary 1, 1904, to December 31, 9999. DATEVALUE returns the #VALUE! error value if date_text is out of this range.
If the year portion of date_text is omitted, DATEVALUE uses the current year from your computer's built-in clock. Time information in
date_text is ignored.
Remarks
Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial number 1,
and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Excel for the Macintosh uses a
different date system as its default.
Most functions automatically convert date values to serial numbers.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note To view the number as a date, select the cell and click Cells on the Format menu. Click the Number tab, and then click Date
in the Category box.

1
2
3
4
5
A B
Formula Description (Result)
=DATEVALUE
("8/22/2008")
Serial number of the text date, using the 1900 date system (39682)
=DATEVALUE("22-AUG-
2008")
Serial number of the text date, using the 1900 date system (39682)
=DATEVALUE
("2008/02/23")
Serial number of the text date, using the 1900 date system (39501)
=DATEVALUE("5-J UL") Serial number of the text date, using the 1900 date system, and assuming the computer's built-in
clock is set to 2008 (39634)
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DAY
See Also
Returns the day of a date, represented by a serial number. The day is given as an integer ranging from 1 to 31.
Syntax
DAY(serial_number)
Serial_number is the date of the day you are trying to find. Dates should be entered by using the DATE function, or as results of
other formulas or functions. For example, use DATE(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered
as text.
Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
Values returned by the YEAR, MONTH and DAY functions will be Gregorian values regardless of the display format for the supplied date
value. For example, if the display format of the supplied date is Hijri, the returned values for the YEAR, MONTH and DAY functions will
be values associated with the equivalent Gregorian date.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
A
Date
15-Apr-2008
Formula Description (Result)
=DAY(A2) Day of the date above (15)
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DAYS360
See Also
Returns the number of days between two dates based on a 360-day year (twelve 30-day months), which is used in some
accounting calculations. Use this function to help compute payments if your accounting system is based on twelve 30-day months.
Syntax
DAYS360(start_date,end_date,method)
Start_date and end_date are the two dates between which you want to know the number of days. If start_date occurs after
end_date, DAYS360 returns a negative number. Dates should be entered by using the DATE function, or as results of other formulas or
functions. For example, use DATE(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
Method is a logical value that specifies whether to use the U.S. or European method in the calculation.

Remark
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Method Defined
FALSE or
omitted
U.S. (NASD) method. If the starting date is the 31st of a month, it becomes equal to the 30th of the same month. If the
ending date is the 31st of a month and the starting date is earlier than the 30th of a month, the ending date becomes
equal to the 1st of the next month; otherwise the ending date becomes equal to the 30th of the same month.
TRUE European method. Starting dates and ending dates that occur on the 31st of a month become equal to the 30th of the
same month.

1
2
3
A
Dates
1/30/2008
2/1/2008
Formula Description (Result)
=DAYS360(A2,A3) Number of days between the two dates above, based on a 360-day year (1)
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EDATE
See Also
Returns the serial number that represents the date that is the indicated number of months before or after a specified date (the
start_date). Use EDATE to calculate maturity dates or due dates that fall on the same day of the month as the date of issue.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
EDATE(start_date,months)
Start_date is a date that represents the start date. Dates should be entered by using the DATE function, or as results of other
formulas or functions. For example, use DATE(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as
text.
Months is the number of months before or after start_date. A positive value for months yields a future date; a negative value yields a
past date.
Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
If start_date is not a valid date, EDATE returns the #VALUE! error value.
If months is not an integer, it is truncated.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note To view the number as a date, select the cell and click Cells on the Format menu. Click the Number tab, and then click Date
in the Category box.

1
2
A
Date
01/15/2008
Formula Description (Result)
=EDATE(A2,1) The date, one month after the date above (February 15, 2008)
=EDATE(A2,-1) The date, one month before the date above (December 15, 2007)
=EDATE(A2,2) The date, two months after the date above (March 15, 2008)
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EOMONTH
See Also
Returns the serial number for the last day of the month that is the indicated number of months before or after start_date. Use
EOMONTH to calculate maturity dates or due dates that fall on the last day of the month.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
EOMONTH(start_date,months)
Start_date is a date that represents the starting date. Dates should be entered by using the DATE function, or as results of other
formulas or functions. For example, use DATE(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as
text.
Months is the number of months before or after start_date. A positive value for months yields a future date; a negative value yields a
past date.
If months is not an integer, it is truncated.
Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
If start_date is not a valid date, EOMONTH returns the #NUM! error value.
If start_date plus months yields an invalid date, EOMONTH returns the #NUM! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note To view the number as a date, select the cell and click Cells on the Format menu. Click the Number tab, and then click Date
in the Category box.

1
2
A
Date
01/01/2008
Formula Description (Result)
=EOMONTH(A2,1) Date of the last day of the month, one month after the date above (February 29, 2008)
=EOMONTH(A2,-3) Date of the last day of the month, three months before the date above (October 31, 2007)
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HOUR
See Also
Returns the hour of a time value. The hour is given as an integer, ranging from 0 (12:00 A.M.) to 23 (11:00 P.M.).
Syntax
HOUR(serial_number)
Serial_number is the time that contains the hour you want to find. Times may be entered as text strings within quotation marks (for
example, "6:45 PM"), as decimal numbers (for example, 0.78125, which represents 6:45 PM), or as results of other formulas or
functions (for example, TIMEVALUE("6:45 PM")).
Remark
Microsoft Excel for Windows and Excel for the Macintosh use different date systems as their defaults. Time values are a portion of a
date value and represented by a decimal number (for example, 12:00 PM is represented as 0.5 because it is half of a day).
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A
Time
3:30:30 AM
3:30:30 PM
15:30
Formula Description (Result)
=HOUR(A2) Hour of first time (3)
=HOUR(A3) Hour of second time (15)
=HOUR(A4) Hour of third time (15)
Page 1of 1 HOUR
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MI NUTE
See Also
Returns the minutes of a time value. The minute is given as an integer, ranging from 0 to 59.
Syntax
MI NUTE(serial_number)
Serial_number is the time that contains the minute you want to find. Times may be entered as text strings within quotation marks
(for example, "6:45 PM"), as decimal numbers (for example, 0.78125, which represents 6:45 PM), or as results of other formulas or
functions (for example, TIMEVALUE("6:45 PM")).
Remarks
Microsoft Excel for Windows and Microsoft Excel for the Macintosh use different date systems as their default. Time values are a
portion of a date value and represented by a decimal number (for example, 12:00 PM is represented as 0.5, since it is half of a day).
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
A
Time
4:48:00 PM
Formula Description (Result)
=MINUTE(A2) Minutes of the time above (48)
Page 1of 1 MINUTE
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MONTH
See Also
Returns the month of a date represented by a serial number. The month is given as an integer, ranging from 1 (J anuary) to 12
(December).
Syntax
MONTH(serial_number)
Serial_number is the date of the month you are trying to find. Dates should be entered by using the DATE function, or as results of
other formulas or functions. For example, use DATE(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered
as text.
Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
Values returned by the YEAR, MONTH and DAY functions will be Gregorian values regardless of the display format for the supplied date
value. For example, if the display format of the supplied date is Hijri (Hijri calendar: The lunar calendar that is used in Islamic regions.),
the returned values for the YEAR, MONTH and DAY functions will be values associated with the equivalent Gregorian date.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
A
Date
15-Apr-2008
Formula Description (Result)
=MONTH(A2) Month of the date above (4)
Page 1of 1 MONTH
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NETWORKDAYS
See Also
Returns the number of whole working days between start_date and end_date. Working days exclude weekends and any dates
identified in holidays. Use NETWORKDAYS to calculate employee benefits that accrue based on the number of days worked during
a specific term.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
NETWORKDAYS(start_date,end_date,holidays)
Important Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE
(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
Start_date is a date that represents the start date.
End_date is a date that represents the end date.
Holidays is an optional range of one or more dates to exclude from the working calendar, such as state and federal holidays and
floating holidays. The list can be either a range of cells that contains the dates or an array constant (array: Used to build single
formulas that produce multiple results or that operate on a group of arguments that are arranged in rows and columns. An array range
shares a common formula; an array constant is a group of constants used as an argument.) of the serial numbers that represent the
dates.
Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
If any argument is not a valid date, NETWORKDAYS returns the #VALUE! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note To convert the range of cells used for holidays in the last example into an array constant, select reference A4:A6 in the formula
and then press F9.

1
2
3
4
5
6
A B
Date Description
10/01/2008 Start date of project
3/01/2009 End date of project
11/26/2008 Holiday
12/4/2008 Holiday
1/21/2009 Holiday
Formula Description (Result)
=NETWORKDAYS(A2,A3) Number of workdays between the start and end date above (108)
=NETWORKDAYS(A2,A3,A4) Number of workdays between the start and end date above, excluding the first holiday (107)
=NETWORKDAYS
(A2,A3,A4:A6)
Number of workdays between the start and end date above, excluding every holiday above
(105)
Page 1of 1 NETWORKDAYS
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NOW
See Also
Returns the serial number of the current date and time. If the cell format was General before the function was entered, the result is
formatted as a date.
Syntax
NOW( )
Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
Numbers to the right of the decimal point in the serial number represent the time; numbers to the left represent the date. For
example, the serial number .5 represents the time 12:00 noon.
The NOW function changes only when the worksheet is calculated or when a macro that contains the function is run. It is not
updated continuously.
Page 1of 1 NOW
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SECOND
See Also
Returns the seconds of a time value. The second is given as an integer in the range 0 (zero) to 59.
Syntax
SECOND(serial_number)
Serial_number is the time that contains the seconds you want to find. Times may be entered as text strings within quotation marks
(for example, "6:45 PM"), as decimal numbers (for example, 0.78125, which represents 6:45 PM), or as results of other formulas or
functions (for example, TIMEVALUE("6:45 PM")).
Remark
Microsoft Excel for Windows and Microsoft Excel for the Macintosh use different date systems as their default. Time values are a
portion of a date value and represented by a decimal number (for example, 12:00 PM is represented as 0.5 because it is half of a day).
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A
Time
4:48:18 PM
4:48 PM
Formula Description
=SECOND(A2) Seconds in the first time (18)
=SECOND(A3) Seconds in the second time (0)
Page 1of 1 SECOND
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TI ME
See Also
Returns the decimal number for a particular time. If the cell format was General before the function was entered, the result is
formatted as a date.
The decimal number returned by TIME is a value ranging from 0 (zero) to 0.99999999, representing the times from 0:00:00 (12:00:00
AM) to 23:59:59 (11:59:59 P.M.).
Syntax
TI ME(hour,minute,second)
Hour is a number from 0 (zero) to 32767 representing the hour. Any value greater than 23 will be divided by 24 and the remainder
will be treated as the hour value. For example, TIME(27,0,0) = TIME(3,0,0) = .125 or 3:00 AM.
Minute is a number from 0 to 32767 representing the minute. Any value greater than 59 will be converted to hours and minutes. For
example, TIME(0,750,0) = TIME(12,30,0) = .520833 or 12:30 PM.
Second is a number from 0 to 32767 representing the second. Any value greater than 59 will be converted to hours, minutes, and
seconds. For example, TIME(0,0,2000) = TIME(0,33,22) = .023148 or 12:33:20 AM
Remark
Microsoft Excel for Windows and Microsoft Excel for the Macintosh use different date systems as their default. Time values are a
portion of a date value and represented by a decimal number (for example, 12:00 PM is represented as 0.5 because it is half of a day).
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note To view the time as a decimal number, select the cell and click Cells on the Format menu. Click the Number tab, and then
click General or Number in the Category box.

1
2
3
A B C
Hour Minute Second
12 0 0
16 48 10
Formula Description (Result)
=TIME(A2,B2,C2) Decimal part of a day, for the first time above (0.5)
=TIME(A3,B3,C3) Decimal part of a day, for the second time above (0.700115741)
Page 1of 1 TIME
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TI MEVALUE
See Also
Returns the decimal number of the time represented by a text string. The decimal number is a value ranging from 0 (zero) to
0.99999999, representing the times from 0:00:00 (12:00:00 AM) to 23:59:59 (11:59:59 P.M.).
Syntax
TI MEVALUE(time_text)
Time_text is a text string that represents a time in any one of the Microsoft Excel time formats; for example, "6:45 PM" and "18:45"
text strings within quotation marks that represent time.
Remarks
Date information in time_text is ignored.
Excel for Windows and Excel for the Macintosh use different date systems as their default. Time values are a portion of a date value
and represented by a decimal number (for example, 12:00 PM is represented as 0.5 because it is half of a day).
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note To view the number as a time, select the cell and click Cells on the Format menu. Click the Number tab, and then click Time
in the Category box.

1
2
3
A B
Formula Description (Result)
=TI MEVALUE("2:24 AM") Decimal part of a day, for the time (0.1)
=TI MEVALUE("22-Aug-2008 6:35 AM") Decimal part of a day, for the time (0.274305556)
Page 1of 1 TIMEVALUE
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BESSELI
See Also
Returns the modified Bessel function, which is equivalent to the Bessel function evaluated for purely imaginary arguments.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
1. On the Tools menu, click Add-Ins.
2. I n the Add-Ins available list, select the Analysis ToolPak box, and then click OK.
3. If necessary, follow the instructions in the setup program.
Syntax
BESSELI (x,n)
X is the value at which to evaluate the function.
N is the order of the Bessel function. If n is not an integer, it is truncated.
Remarks
If x is nonnumeric, BESSELI returns the #VALUE! error value.
If n is nonnumeric, BESSELI returns the #VALUE! error value.
If n < 0, BESSELI returns the #NUM! error value.
The n-th order modified Bessel function of the variable x is:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
1. Create a blank workbook or worksheet.
2. Select the example in the Help topic. Do not select the row or column headers.

Selecting an example from Help
3. Press CTRL+C.
4. In the worksheet, select cell A1, and press CTRL+V.
5. To switch between viewing the results and viewing the formulas that return the results, press CTRL+` (grave accent), or on the
Tools menu, point to Formula Auditing, and then click Formula Auditing Mode.

1
2
A B
Formula Description (Result)
=BESSELI(1.5, 1) Modified Bessel function at 1.5 with an order of 1 (0.981666)
Page 1of 1 BESSELI
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BESSELJ
See Also
Returns the Bessel function.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
BESSELJ (x,n)
X is the value at which to evaluate the function.
N is the order of the Bessel function. If n is not an integer, it is truncated.
Remarks
If x is nonnumeric, BESSELJ returns the #VALUE! error value.
If n is nonnumeric, BESSELJ returns the #VALUE! error value.
If n < 0, BESSELJ returns the #NUM! error value.
The n-th order Bessel function of the variable x is:

where:

is the Gamma function.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
A B
Formula Description (Result)
=BESSELJ (1.9, 2) Bessel function at 1.9 with an order of 2 (0.329926)
Page 1of 1 BESSELJ
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BESSELK
See Also
Returns the modified Bessel function, which is equivalent to the Bessel functions evaluated for purely imaginary arguments.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
BESSELK(x,n)
X is the value at which to evaluate the function.
N is the order of the function. If n is not an integer, it is truncated.
Remarks
If x is nonnumeric, BESSELK returns the #VALUE! error value.
If n is nonnumeric, BESSELK returns the #VALUE! error value.
If n < 0, BESSELK returns the #NUM! error value.
The n-th order modified Bessel function of the variable x is:

where J n and Yn are the J and Y Bessel functions, respectively.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
A B
Formula Description (Result)
=BESSELK(1.5, 1) Modified Bessel function at 1.5 with an order of 1 (0.277388)
Page 1of 1 BESSELK
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BESSELY
See Also
Returns the Bessel function, which is also called the Weber function or the Neumann function.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
BESSELY(x,n)
X is the value at which to evaluate the function.
N is the order of the function. If n is not an integer, it is truncated.
Remarks
If x is nonnumeric, BESSELY returns the #VALUE! error value.
If n is nonnumeric, BESSELY returns the #VALUE! error value.
If n < 0, BESSELY returns the #NUM! error value.
The n-th order Bessel function of the variable x is:

where:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
A B
Formula Description (Result)
=BESSELY(2.5, 1) Weber's Bessel function at 2.5 and an order of 1 (0.145918)
Page 1of 1 BESSELY
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BI N2DEC
See Also
Converts a binary number to decimal.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
BIN2DEC(number)
Number is the binary number you want to convert. Number cannot contain more than 10 characters (10 bits). The most significant
bit of number is the sign bit. The remaining 9 bits are magnitude bits. Negative numbers are represented using two's-complement
notation.
Remark
I f number is not a valid binary number, or if number contains more than 10 characters (10 bits), BIN2DEC returns the #NUM! error
value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Formula Description (Result)
=BI N2DEC(1100100) Converts binary 1100100 to decimal (100)
=BI N2DEC(1111111111) Converts binary 1111111111 to decimal (-1)
Page 1of 1 BIN2DEC
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BI N2HEX
See Also
Converts a binary number to hexadecimal.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
BIN2HEX(number,places)
Number is the binary number you want to convert. Number cannot contain more than 10 characters (10 bits). The most significant bit
of number is the sign bit. The remaining 9 bits are magnitude bits. Negative numbers are represented using two's-complement
notation.
Places is the number of characters to use. If places is omitted, BI N2HEX uses the minimum number of characters necessary. Places is
useful for padding the return value with leading 0s (zeros).
Remarks
I f number is not a valid binary number, or if number contains more than 10 characters (10 bits), BIN2HEX returns the #NUM! error
value.
If number is negative, BIN2HEX ignores places and returns a 10-character hexadecimal number.
If BIN2HEX requires more than places characters, it returns the #NUM! error value.
If places is not an integer, it is truncated.
If places is nonnumeric, BIN2HEX returns the #VALUE! error value.
If places is negative, BIN2HEX returns the #NUM! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Formula Description (Result)
=BI N2HEX(11111011, 4) Converts binary 11111011 to hexadecimal with 4 characters (00FB)
=BI N2HEX(1110) Converts binary 1110 to hexadecimal (E)
=BI N2HEX(1111111111) Converts binary 1111111111 to hexadecimal (FFFFFFFFFF)
Page 1of 1 BIN2HEX
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BI N2OCT
See Also
Converts a binary number to octal.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
BIN2OCT(number,places)
Number is the binary number you want to convert. Number cannot contain more than 10 characters (10 bits). The most significant
bit of number is the sign bit. The remaining 9 bits are magnitude bits. Negative numbers are represented using two's-complement
notation.
Places is the number of characters to use. I f places is omitted, BI N2OCT uses the minimum number of characters necessary. Places
is useful for padding the return value with leading 0s (zeros).
Remarks
I f number is not a valid binary number, or if number contains more than 10 characters (10 bits), BIN2OCT returns the #NUM! error
value.
If number is negative, BIN2OCT ignores places and returns a 10-character octal number.
If BIN2OCT requires more than places characters, it returns the #NUM! error value.
If places is not an integer, it is truncated.
If places is nonnumeric, BIN2OCT returns the #VALUE! error value.
If places is negative, BIN2OCT returns the #NUM! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Formula Description (Result)
=BI N2OCT(1001, 3) Converts binary 1001 to octal with 3 characters (011)
=BI N2OCT(1100100) Converts binary 1100100 to octal (144)
=BI N2OCT(1111111111) Converts binary 1111111111 to octal (7777777777)
Page 1of 1 BIN2OCT
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COMPLEX
See Also
Converts real and imaginary coefficients into a complex number of the form x + yi or x + yj.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
COMPLEX(real_num,i_num,suffix)
Real_num is the real coefficient of the complex number.
I_num is the imaginary coefficient of the complex number.
Suffix is the suffix for the imaginary component of the complex number. If omitted, suffix is assumed to be "i".
Note All complex number functions accept "i" and "j" for suffix, but neither "I" nor "J ". Using uppercase results in the #VALUE! error
value. All functions that accept two or more complex numbers require that all suffixes match.
Remarks
If real_num is nonnumeric, COMPLEX returns the #VALUE! error value.
If i_num is nonnumeric, COMPLEX returns the #VALUE! error value.
I f suffix is neither "i" nor "j", COMPLEX returns the #VALUE! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
A B
Formula Description (Result)
=COMPLEX(3,4) Complex number with 3 and 4 as the real and imaginary coefficients (3 + 4i)
=COMPLEX(3,4,"j") Complex number with 3 and 4 as the real and imaginary coefficients, and j as the suffix (3 + 4j)
=COMPLEX(0,1) Complex number with 0 and 1 as the real and imaginary coefficients (i)
=COMPLEX(1,0) Complex number with 1 and 0 as the real and imaginary coefficients (1)
Page 1of 1 COMPLEX
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CONVERT
See Also
Converts a number from one measurement system to another. For example, CONVERT can translate a table of distances in miles
to a table of distances in kilometers.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
CONVERT(number,from_unit,to_unit)
Number is the value in from_units to convert.
From_unit is the units for number.
To_unit is the units for the result. CONVERT accepts the following text values (in quotation marks) for from_unit and to_unit.





Weight and mass From_unit or to_unit
Gram "g"
Slug "sg"
Pound mass (avoirdupois) "lbm"
U (atomic mass unit) "u"
Ounce mass (avoirdupois) "ozm"
Distance From_unit or to_unit
Meter "m"
Statute mile "mi"
Nautical mile "Nmi"
Inch "in"
Foot "ft"
Yard "yd"
Angstrom "ang"
Pica (1/72 in.) "Pica"
Time From_unit or to_unit
Year "yr"
Day "day"
Hour "hr"
Minute "mn"
Second "sec"
Pressure From_unit or to_unit
Pascal "Pa"
Atmosphere "atm"
mm of Mercury "mmHg"
Force From_unit or to_unit
Newton "N"
Dyne "dyn"
Pound force "lbf"
Energy From_unit or to_unit
J oule "J "
Erg "e"
Page 1of 3 CONVERT
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The following abbreviated unit prefixes can be prepended to any metric from_unit or to_unit.
Thermodynamic calorie "c"
IT calorie "cal"
Electron volt "eV"
Horsepower-hour "HPh"
Watt-hour "Wh"
Foot-pound "flb"
BTU "BTU"
Power From_unit or to_unit
Horsepower "HP"
Watt "W"
Magnetism From_unit or to_unit
Tesla "T"
Gauss "ga"
Temperature From_unit or to_unit
Degree Celsius "C"
Degree Fahrenheit "F"
Degree Kelvin "K"
Liquid measure From_unit or to_unit
Teaspoon "tsp"
Tablespoon "tbs"
Fluid ounce "oz"
Cup "cup"
U.S. pint "pt"
U.K. pint "uk_pt"
Quart "qt"
Gallon "gal"
Liter "l"
Prefix Multiplier Abbreviation
exa 1E+18 "E"
peta 1E+15 "P"
tera 1E+12 "T"
giga 1E+09 "G"
mega 1E+06 "M"
kilo 1E+03 "k"
hecto 1E+02 "h"
dekao 1E+01 "e"
deci 1E-01 "d"
centi 1E-02 "c"
milli 1E-03 "m"
micro 1E-06 "u"
nano 1E-09 "n"
pico 1E-12 "p"
femto 1E-15 "f"
Page 2of 3 CONVERT
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Remarks
If the input data types are incorrect, CONVERT returns the #VALUE! error value.
If the unit does not exist, CONVERT returns the #N/A error value.
If the unit does not support an abbreviated unit prefix, CONVERT returns the #N/A error value.
If the units are in different groups, CONVERT returns the #N/A error value.
Unit names and prefixes are case-sensitive.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
atto 1E-18 "a"

1
2
3
4
5
A B
Formula Description (Result)
=CONVERT(1.0, "lbm", "kg") Converts 1 pound mass to kilograms (0.453592)
=CONVERT(68, "F", "C") Converts 68 degrees Fahrenheit to Celsius (20)
=CONVERT(2.5, "ft", "sec") Data types are not the same so an error is returned (#N/A)
=CONVERT(CONVERT(100,"ft","m"),"ft","m") Converts 100 square feet into square meters (9.290304).
Page 3of 3 CONVERT
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DEC2BI N
See Also
Converts a decimal number to binary.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
DEC2BI N(number,places)
Number is the decimal integer you want to convert. If number is negative, places is ignored and DEC2BIN returns a 10-character
(10-bit) binary number in which the most significant bit is the sign bit. The remaining 9 bits are magnitude bits. Negative numbers are
represented using two's-complement notation.
Places is the number of characters to use. I f places is omitted, DEC2BIN uses the minimum number of characters necessary. Places is
useful for padding the return value with leading 0s (zeros).
Remarks
I f number < -512 or if number > 511, DEC2BIN returns the #NUM! error value.
If number is nonnumeric, DEC2BIN returns the #VALUE! error value.
If DEC2BIN requires more than places characters, it returns the #NUM! error value.
If places is not an integer, it is truncated.
If places is nonnumeric, DEC2BIN returns the #VALUE! error value.
If places is negative, DEC2BIN returns the #NUM! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Formula Description (Result)
=DEC2BI N(9, 4) Converts decimal 9 to binary with 4 characters (1001)
=DEC2BI N(-100) Converts decimal -100 to binary (1110011100)
Page 1of 1 DEC2BIN
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DEC2HEX
See Also
Converts a decimal number to hexadecimal.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
DEC2HEX(number,places)
Number is the decimal integer you want to convert. If number is negative, places is ignored and DEC2HEX returns a 10-character
(40-bit) hexadecimal number in which the most significant bit is the sign bit. The remaining 39 bits are magnitude bits. Negative
numbers are represented using two's-complement notation.
Places is the number of characters to use. If places is omitted, DEC2HEX uses the minimum number of characters necessary. Places
is useful for padding the return value with leading 0s (zeros).
Remarks
I f number < -549,755,813,888 or if number > 549,755,813,887, DEC2HEX returns the #NUM! error value.
If number is nonnumeric, DEC2HEX returns the #VALUE! error value.
If DEC2HEX requires more than places characters, it returns the #NUM! error value.
If places is not an integer, it is truncated.
If places is nonnumeric, DEC2HEX returns the #VALUE! error value.
If places is negative, DEC2HEX returns the #NUM! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

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Formula Description (Result)
=DEC2HEX(100, 4) Converts decimal 100 to hexadecimal with 4 characters (0064)
=DEC2HEX(-54) Converts decimal -54 to hexadecimal (FFFFFFFFCA)
Page 1of 1 DEC2HEX
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DEC2OCT
See Also
Converts a decimal number to octal.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
DEC2OCT(number, places)
Number is the decimal integer you want to convert. If number is negative, places is ignored and DEC2OCT returns a 10-character
(30-bit) octal number in which the most significant bit is the sign bit. The remaining 29 bits are magnitude bits. Negative numbers are
represented using two's-complement notation.
Places is the number of characters to use. I f places is omitted, DEC2OCT uses the minimum number of characters necessary. Places
is useful for padding the return value with leading 0s (zeros).
Remarks
I f number < -536,870,912 or if number > 536,870,911, DEC2OCT returns the #NUM! error value.
If number is nonnumeric, DEC2OCT returns the #VALUE! error value.
If DEC2OCT requires more than places characters, it returns the #NUM! error value.
If places is not an integer, it is truncated.
If places is nonnumeric, DEC2OCT returns the #VALUE! error value.
If places is negative, DEC2OCT returns the #NUM! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

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Formula Description (Result)
=DEC2OCT(58, 3) Converts decimal 58 to octal (072)
=DEC2OCT(-100) Converts decimal to octal (7777777634)
Page 1of 1 DEC2OCT
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DELTA
See Also
Tests whether two values are equal. Returns 1 if number1 = number2; returns 0 otherwise. Use this function to filter a set of
values. For example, by summing several DELTA functions you calculate the count of equal pairs. This function is also known as
the Kronecker Delta function.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
1. On the Tools menu, click Add-Ins.
2. I n the Add-Ins available list, select the Analysis ToolPak box, and then click OK.
3. If necessary, follow the instructions in the setup program.
Syntax
DELTA(number1,number2)
Number1 is the first number.
Number2 is the second number. I f omitted, number2 is assumed to be zero.
Remarks
If number1 is nonnumeric, DELTA returns the #VALUE! error value.
If number2 is nonnumeric, DELTA returns the #VALUE! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

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Formula Description (Result)
=DELTA(5, 4) Checks whether 5 equals 4 (0)
=DELTA(5, 5) Checks whether 5 equals 5 (1)
=DELTA(0.5, 0) Checks whether 0.5 equals 0 (0)
Page 1of 1 DELTA
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ERF
See Also
Returns the error function integrated between lower_limit and upper_limit.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
ERF(lower_limit,upper_limit)
Lower_limit is the lower bound for integrating ERF.
Upper_limit is the upper bound for integrating ERF. If omitted, ERF integrates between zero and lower_limit.
Remarks
If lower_limit is nonnumeric, ERF returns the #VALUE! error value.
If lower_limit is negative, ERF returns the #NUM! error value.
If upper_limit is nonnumeric, ERF returns the #VALUE! error value.
If upper_limit is negative, ERF returns the #NUM! error value.


Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

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Formula Description (Result)
=ERF(0.74500) Error function integrated between 0 and 0.74500 (0.707929)
=ERF(1) Error function integrated between 0 and 1 (0.842701)
Page 1of 1 ERF
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ERFC
See Also
Returns the complementary ERF function integrated between x and infinity.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
ERFC(x)
X is the lower bound for integrating ERF.
Remarks
If x is nonnumeric, ERFC returns the #VALUE! error value.
If x is negative, ERFC returns the #NUM! error value.

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

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Formula Description (Result)
=ERFC(1) Complementary ERF function of 1 (0.1573)
Page 1of 1 ERFC
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FACTDOUBLE
See Also
Returns the double factorial of a number.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
FACTDOUBLE(number)
Number is the value for which to return the double factorial. If number is not an integer, it is truncated.
Remarks
If number is nonnumeric, FACTDOUBLE returns the #VALUE! error value.
If number is negative, FACTDOUBLE returns the #NUM! error value.
If number is even:

If number is odd:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

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Formula Description (Result)
=FACTDOUBLE(6) Double factorial of 6 (48)
=FACTDOUBLE(7) Double factorial of 7 (105)
Page 1of 1 FACTDOUBLE
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GESTEP
See Also
Returns 1 if number

step; returns 0 (zero) otherwise. Use this function to filter a set of values. For example, by summing
several GESTEP functions you calculate the count of values that exceed a threshold.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
GESTEP(number,step)
Number is the value to test against step.
Step is the threshold value. If you omit a value for step, GESTEP uses zero.
Remark
If any argument is nonnumeric, GESTEP returns the #VALUE! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

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Formula Description (Result)
=GESTEP(5, 4) Checks whether 5 is greater than or equal to 4 (1)
=GESTEP(5, 5) Checks whether 5 is greater than or equal to 5 (1)
=GESTEP(-4, -5) Checks whether -4 is greater than or equal to -5 (1)
=GESTEP(-1, 0) Checks whether -1 is greater than or equal to 0 (0)
Page 1of 1 GESTEP
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HEX2BI N
See Also
Converts a hexadecimal number to binary.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
HEX2BI N(number,places)
Number is the hexadecimal number you want to convert. Number cannot contain more than 10 characters. The most significant bit of
number is the sign bit (40th bit from the right). The remaining 9 bits are magnitude bits. Negative numbers are represented using
two's-complement notation.
Places is the number of characters to use. I f places is omitted, HEX2BIN uses the minimum number of characters necessary. Places is
useful for padding the return value with leading 0s (zeros).
Remarks
If number is negative, HEX2BIN ignores places and returns a 10-character binary number.
If number is negative, it cannot be less than FFFFFFFE00, and if number is positive, it cannot be greater than 1FF.
If number is not a valid hexadecimal number, HEX2BIN returns the #NUM! error value.
If HEX2BIN requires more than places characters, it returns the #NUM! error value.
If places is not an integer, it is truncated.
If places is nonnumeric, HEX2BI N returns the #VALUE! error value.
If places is negative, HEX2BIN returns the #NUM! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

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Formula Description (Result)
=HEX2BI N("F", 8) Converts hexadecimal F to binary, with 8 characters (00001111)
=HEX2BI N("B7") Converts hexadecimal B7 to binary (10110111)
=HEX2BIN("FFFFFFFFFF") Converts hexadecimal FFFFFFFFFF to binary (1111111111)
Page 1of 1 HEX2BIN
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HEX2DEC
See Also
Converts a hexadecimal number to decimal.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
HEX2DEC(number)
Number is the hexadecimal number you want to convert. Number cannot contain more than 10 characters (40 bits). The most
significant bit of number is the sign bit. The remaining 39 bits are magnitude bits. Negative numbers are represented using two's-
complement notation.
Remark
If number is not a valid hexadecimal number, HEX2DEC returns the #NUM! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

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Formula Description (Result)
=HEX2DEC("A5") Converts hexadecimal A5 to decimal (165)
=HEX2DEC("FFFFFFFF5B") Converts hexadecimal FFFFFFFF5B to decimal (-165)
=HEX2DEC("3DA408B9") Converts hexadecimal 3DA408B9 to decimal (1034160313)
Page 1of 1 HEX2DEC
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HEX2OCT
See Also
Converts a hexadecimal number to octal.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
HEX2OCT(number,places)
Number is the hexadecimal number you want to convert. Number cannot contain more than 10 characters. The most significant bit of
number is the sign bit. The remaining 39 bits are magnitude bits. Negative numbers are represented using two's-complement notation.
Places is the number of characters to use. If places is omitted, HEX2OCT uses the minimum number of characters necessary. Places
is useful for padding the return value with leading 0s (zeros).
Remarks
If number is negative, HEX2OCT ignores places and returns a 10-character octal number.
If number is negative, it cannot be less than FFE0000000, and if number is positive, it cannot be greater than 1FFFFFFF.
If number is not a valid hexadecimal number, HEX2OCT returns the #NUM! error value.
If HEX2OCT requires more than places characters, it returns the #NUM! error value.
If places is not an integer, it is truncated.
If places is nonnumeric, HEX2OCT returns the #VALUE! error value.
If places is negative, HEX2OCT returns the #NUM! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

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Formula Description (Result)
=HEX2OCT("F", 3) Converts hexadecimal F to octal with 3 characters (017)
=HEX2OCT("3B4E") Converts hexadecimal 3B4E to octal (35516)
=HEX2OCT("FFFFFFFF00") Converts hexadecimal FFFFFFFF00 to octal (7777777400)
Page 1of 1 HEX2OCT
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I MABS
See Also
Returns the absolute value (modulus) of a complex number in x + yi or x + yj text format.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
IMABS(inumber)
Inumber is a complex number for which you want the absolute value.
Remarks
Use COMPLEX to convert real and imaginary coefficients into a complex number.
The absolute value of a complex number is:

where:
z = x + yi
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

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Formula Description (Result)
=I MABS("5+12i") Absolute value of 5+12i (13)
Page 1of 1 IMABS
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I MAGI NARY
See Also
Returns the imaginary coefficient of a complex number in x + yi or x + yj text format.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
IMAGI NARY(inumber)
Inumber is a complex number for which you want the imaginary coefficient.
Remarks
Use COMPLEX to convert real and imaginary coefficients into a complex number.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

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Formula Description (Result)
=I MAGI NARY("3+4i") Imaginary coefficient of the complex number 3+4i (4)
=IMAGINARY("0-j") Imaginary coefficient of the complex number 0-j (-1)
=IMAGINARY(4) Imaginary coefficient 4 (0)
Page 1of 1 IMAGINARY
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I MARGUMENT
See Also
Returns the argument (theta), an angle expressed in radians, such that:

If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
IMARGUMENT(inumber)
Inumber is a complex number for which you want the argument .
Remarks
Use COMPLEX to convert real and imaginary coefficients into a complex number.
IMARGUMENT is calculated as follows:

where:
and
z = x + yi
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

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Formula Description (Result)
=IMARGUMENT("3+4i") Theta argument of 3+4i, in radians (0.927295)
Page 1of 1 IMARGUMENT
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I MCONJ UGATE
See Also
Returns the complex conjugate of a complex number in x + yi or x + yj text format.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
IMCONJ UGATE(inumber)
Inumber is a complex number for which you want the conjugate.
Remarks
2Use COMPLEX to convert real and imaginary coefficients into a complex number.
The conjugate of a complex number is:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

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Formula Description (Result)
=IMCONJ UGATE("3+4i") Complex conjugate of 3+4i (3 - 4i)
Page 1of 1 IMCONJ UGATE
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I MCOS
See Also
Returns the cosine of a complex number in x + yi or x + yj text format.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
IMCOS(inumber)
Inumber is a complex number for which you want the cosine.
Remarks
Use COMPLEX to convert real and imaginary coefficients into a complex number.
If inumber is a logical value, IMCOS returns the #VALUE! error value.
The cosine of a complex number is:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

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Formula Description (Result)
=IMCOS("1+i") Cosine of 1+i (0.83373 - 0.988898i)
Page 1of 1 IMCOS
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I MDI V
See Also
Returns the quotient of two complex numbers in x + yi or x + yj text format.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
IMDI V(inumber1,inumber2)
Inumber1 is the complex numerator or dividend.
Inumber2 is the complex denominator or divisor.
Remarks
Use COMPLEX to convert real and imaginary coefficients into a complex number.
The quotient of two complex numbers is:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
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A B
Formula Description (Result)
=I MDI V("-238+240i","10+24i") Quotient of the two complex numbers in the formula (5 + 12i)
Page 1of 1 IMDIV
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I MEXP
See Also
Returns the exponential of a complex number in x + yi or x + yj text format.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
IMEXP(inumber)
Inumber is a complex number for which you want the exponential.
Remarks
Use COMPLEX to convert real and imaginary coefficients into a complex number.
The exponential of a complex number is:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

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Formula Description (Result)
=IMEXP("1+i") Exponential of the complex number 1+i (1.468694 + 2.287355i)
Page 1of 1 IMEXP
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I MLN
See Also
Returns the natural logarithm of a complex number in x + yi or x + yj text format.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
IMLN(inumber)
Inumber is a complex number for which you want the natural logarithm.
Remarks
Use COMPLEX to convert real and imaginary coefficients into a complex number.
The natural logarithm of a complex number is:

where:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

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Formula Description (Result)
=IMLN("3+4i") Natural logarithm of 3+4i (1.609438 + 0.927295i)
Page 1of 1 IMLN
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I MLOG2
See Also
Returns the base-2 logarithm of a complex number in x + yi or x + yj text format.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
IMLOG2(inumber)
Inumber is a complex number for which you want the base-2 logarithm.
Remarks
Use COMPLEX to convert real and imaginary coefficients into a complex number.
The base-2 logarithm of a complex number can be calculated from the natural logarithm as follows:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

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Formula Description (Result)
=IMLOG2("3+4i") Base-2 logarithm of 3+4i (2.321928 + 1.337804i)
Page 1of 1 IMLOG2
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I MLOG10
See Also
Returns the common logarithm (base 10) of a complex number in x + yi or x + yj text format.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
IMLOG10(inumber)
Inumber is a complex number for which you want the common logarithm.
Remarks
Use COMPLEX to convert real and imaginary coefficients into a complex number.
The common logarithm of a complex number can be calculated from the natural logarithm as follows:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

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Formula Description (Result)
=I MLOG10("3+4i") Logarithm (base 10) of 3+4i (0.69897 + 0.402719i)
Page 1of 1 IMLOG10
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I MPOWER
See Also
Returns a complex number in x + yi or x + yj text format raised to a power.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
IMPOWER(inumber,number)
Inumber is a complex number you want to raise to a power.
Number is the power to which you want to raise the complex number.
Remarks
Use COMPLEX to convert real and imaginary coefficients into a complex number.
If number is nonnumeric, IMPOWER returns the #VALUE! error value.
Number can be an integer, fractional, or negative.
A complex number raised to a power is calculated as follows:

where:

and:

and:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

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Formula Description (Result)
=I MPOWER("2+3i", 3) 2+3i raised to the power of 3 (-46 + 9i)
Page 1of 1 IMPOWER
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I MPRODUCT
See Also
Returns the product of 2 to 29 complex numbers in x + yi or x + yj text format.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
IMPRODUCT(inumber1,inumber2,...)
Inumber1, inumber2, are 1 to 29 complex numbers to multiply.
Remarks
Use COMPLEX to convert real and imaginary coefficients into a complex number.
The product of two complex numbers is:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
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Formula Description (Result)
=I MPRODUCT("3+4i","5-3i") Product of the two complex numbers (27 + 11i)
=I MPRODUCT("1+2i",30) Product of a complex number and 30 (30 + 60i)
Page 1of 1 IMPRODUCT
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I MREAL
See Also
Returns the real coefficient of a complex number in x + yi or x + yj text format.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
IMREAL(inumber)
Inumber is a complex number for which you want the real coefficient.
Remarks
Use COMPLEX to convert real and imaginary coefficients into a complex number.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
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A B
Formula Description (Result)
=IMREAL("6-9i") Real coefficient of 6-9i (6)
Page 1of 1 IMREAL
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I MSI N
See Also
Returns the sine of a complex number in x + yi or x + yj text format.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
IMSI N(inumber)
Inumber is a complex number for which you want the sine.
Remarks
Use COMPLEX to convert real and imaginary coefficients into a complex number.
The sine of a complex number is:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
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A B
Formula Description (Result)
=I MSI N("3+4i") Sine of 3+4i (3.853738 - 27.016813i)
Page 1of 1 IMSIN
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I MSQRT
See Also
Returns the square root of a complex number in x + yi or x + yj text format.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
IMSQRT(inumber)
Inumber is a complex number for which you want the square root.
Remarks
Use COMPLEX to convert real and imaginary coefficients into a complex number.
The square root of a complex number is:

where:

and:

and:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
A B
Formula Description (Result)
=IMSQRT("1+i") Square root of 1+i (1.098684 + 0.45509i)
Page 1of 1 IMSQRT
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I MSUB
See Also
Returns the difference of two complex numbers in x + yi or x + yj text format.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
IMSUB(inumber1,inumber2)
Inumber1 is the complex number from which to subtract inumber2.
Inumber2 is the complex number to subtract from inumber1.
Remarks
Use COMPLEX to convert real and imaginary coefficients into a complex number.
The difference of two complex numbers is:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
A B
Formula Description (Result)
=I MSUB("13+4i","5+3i") Difference between the two complex numbers in the formula (8 + i)
Page 1of 1 IMSUB
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I MSUM
See Also
Returns the sum of two or more complex numbers in x + yi or x + yj text format.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
IMSUM(inumber1,inumber2,...)
Inumber1,inumber2,... are 1 to 29 complex numbers to add.
Remarks
Use COMPLEX to convert real and imaginary coefficients into a complex number.
The sum of two complex numbers is:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
A B
Formula Description (Result)
=I MSUM("3+4i","5-3i") Sum of the two complex numbers in the formula (8+i)
Page 1of 1 IMSUM
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OCT2BI N
See Also
Converts an octal number to binary.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
OCT2BIN(number,places)
Number is the octal number you want to convert. Number may not contain more than 10 characters. The most significant bit of
number is the sign bit. The remaining 29 bits are magnitude bits. Negative numbers are represented using two's-complement notation.
Places is the number of characters to use. I f places is omitted, OCT2BIN uses the minimum number of characters necessary. Places
is useful for padding the return value with leading 0s (zeros).
Remarks
If number is negative, OCT2BIN ignores places and returns a 10-character binary number.
I f number is negative, it cannot be less than 7777777000, and if number is positive, it cannot be greater than 777.
If number is not a valid octal number, OCT2BIN returns the #NUM! error value.
If OCT2BIN requires more than places characters, it returns the #NUM! error value.
If places is not an integer, it is truncated.
If places is nonnumeric, OCT2BIN returns the #VALUE! error value.
If places is negative, OCT2BIN returns the #NUM! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Formula Description (Result)
=OCT2BI N(3, 3) Converts octal 3 to binary with 3 characters (011)
=OCT2BI N(7777777000) Converts octal 7777777000 to binary (1000000000)
Page 1of 1 OCT2BIN
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OCT2DEC
See Also
Converts an octal number to decimal.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
OCT2DEC(number)
Number is the octal number you want to convert. Number may not contain more than 10 octal characters (30 bits). The most
significant bit of number is the sign bit. The remaining 29 bits are magnitude bits. Negative numbers are represented using two's-
complement notation.
Remark
If number is not a valid octal number, OCT2DEC returns the #NUM! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Formula Description (Result)
=OCT2DEC(54) Converts octal 54 to decimal (44)
=OCT2DEC(7777777533) Converts octal 7777777533 to decimal (-165)
Page 1of 1 OCT2DEC
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OCT2HEX
See Also
Converts an octal number to hexadecimal.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
OCT2HEX(number,places)
Number is the octal number you want to convert. Number may not contain more than 10 octal characters (30 bits). The most
significant bit of number is the sign bit. The remaining 29 bits are magnitude bits. Negative numbers are represented using two's-
complement notation.
Places is the number of characters to use. If places is omitted, OCT2HEX uses the minimum number of characters necessary. Places
is useful for padding the return value with leading 0s (zeros).
Remarks
If number is negative, OCT2HEX ignores places and returns a 10-character hexadecimal number.
If number is not a valid octal number, OCT2HEX returns the #NUM! error value.
If OCT2HEX requires more than places characters, it returns the #NUM! error value.
If places is not an integer, it is truncated.
If places is nonnumeric, OCT2HEX returns the #VALUE! error value.
If places is negative, OCT2HEX returns the #NUM! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Formula Description (Result)
=OCT2HEX(100, 4) Converts octal number 100 to hexadecimal with 4 characters (0040)
=OCT2HEX(7777777533) Converts octal number 7777777533 to hexadecimal (FFFFFFFF5B)
Page 1of 1 OCT2HEX
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ACCRI NT
See Also
Returns the accrued interest for a security that pays periodic interest.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
1. On the Tools menu, click Add-Ins.
2. I n the Add-Ins available list, select the Analysis ToolPak box, and then click OK.
3. If necessary, follow the instructions in the setup program.
Syntax
ACCRI NT(issue,first_interest,settlement,rate,par,frequency,basis)
Important Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE
(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
Issue is the security's issue date.
First_interest is the security's first interest date.
Settlement is the security's settlement date. The security settlement date is the date after the issue date when the security is traded
to the buyer.
Rate is the security's annual coupon rate.
Par is the security's par value. I f you omit par, ACCRI NT uses $1,000.
Frequency is the number of coupon payments per year. For annual payments, frequency = 1; for semiannual, frequency = 2; for
quarterly, frequency = 4.
Basis is the type of day count basis to use.

Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
Issue, first_interest, settlement, frequency, and basis are truncated to integers.
If issue, first_interest, or settlement is not a valid date, ACCRINT returns the #VALUE! error value.
If rate

0 or if par

0, ACCRINT returns the #NUM! error value.

If frequency is any number other than 1, 2, or 4, ACCRINT returns the #NUM! error value.
If basis < 0 or if basis > 4, ACCRINT returns the #NUM! error value.
If issue

settlement, ACCRINT returns the #NUM! error value.

ACCRINT is calculated as follows:

where:
Ai = number of accrued days for the ith quasi-coupon period within odd period.
NC = number of quasi-coupon periods that fit in odd period. If this number contains a fraction, raise it to the next whole number.
NLi = normal length in days of the ith quasi-coupon period within odd period.
Basis Day count basis
0 or omitted US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360
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Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
A B
Data Description
March 1, 2008 Issue date
August 31, 2008 First interest date
May 1, 2008 Settlement date
10.0% Coupon rate
1,000 Par value
2 Frequency is semiannual (see above)
0 30/360 basis (see above)
Formula Description (Result)
=ACCRINT(A2,A3,A4,A5,A6,A7,A8) Accrued interest for a treasury bond with the terms above (16.66666667)
=ACCRINT(DATE
(2008,3,5),A3,A4,A5,A6,A7,A8)
Accrued interest with the terms above, except the issue date is March 5, 2008.
(15.55555556)
Page 2of 2 ACCRINT
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ACCRI NTM
See Also
Returns the accrued interest for a security that pays interest at maturity.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
1. On the Tools menu, click Add-Ins.
2. I n the Add-Ins available list, select the Analysis ToolPak box, and then click OK.
3. If necessary, follow the instructions in the setup program.
Syntax
ACCRI NTM(issue,maturity,rate,par,basis)
Important Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE
(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
Issue is the security's issue date.
Maturity is the security's maturity date.
Rate is the security's annual coupon rate.
Par is the security's par value. I f you omit par, ACCRI NTM uses $1,000.
Basis is the type of day count basis to use.

Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
Issue, settlement, and basis are truncated to integers.
If issue or settlement is not a valid date, ACCRINTM returns the #VALUE! error value.
If rate

0 or if par

0, ACCRINTM returns the #NUM! error value.

If basis < 0 or if basis > 4, ACCRINTM returns the #NUM! error value.
If issue

settlement, ACCRINTM returns the #NUM! error value.

ACCRINTM is calculated as follows:

where:
A = Number of accrued days counted according to a monthly basis. For interest at maturity items, the number of days from the
issue date to the maturity date is used.
D = Annual Year Basis.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
1. Create a blank workbook or worksheet.
2. Select the example in the Help topic. Do not select the row or column headers.
Basis Day count basis
0 or omitted US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360
Page 1of 2 ACCRINTM
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Selecting an example from Help
3. Press CTRL+C.
4. In the worksheet, select cell A1, and press CTRL+V.
5. To switch between viewing the results and viewing the formulas that return the results, press CTRL+` (grave accent), or on the
Tools menu, point to Formula Auditing, and then click Formula Auditing Mode.

1
2
3
4
5
6
A B
Data Description
April 1, 2008 Issue date
J une 15, 2008 Maturity date
10.0% Percent coupon
$1,000 Par value
3 Actual/365 basis (see above)
Formula Description (Result)
=ACCRINTM(A2,A3,A4,A5,A6) The accrued interest for the terms above (20.54795)
Page 2of 2 ACCRINTM
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AMORDEGRC
See Also
Returns the depreciation for each accounting period. This function is provided for the French accounting system. If an asset is
purchased in the middle of the accounting period, the prorated depreciation is taken into account. The function is similar to
AMORLINC, except that a depreciation coefficient is applied in the calculation depending on the life of the assets.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
AMORDEGRC(cost,date_purchased,first_period,salvage,period,rate,basis)
Important Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE
(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
Cost is the cost of the asset.
Date_purchased is the date of the purchase of the asset.
First_period is the date of the end of the first period.
Salvage is the salvage value at the end of the life of the asset.
Period is the period.
Rate is the rate of depreciation.
Basis is the year basis to be used.

Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
This function will return the depreciation until the last period of the life of the assets or until the cumulated value of depreciation is
greater than the cost of the assets minus the salvage value.
The depreciation coefficients are:
The depreciation rate will grow to 50 percent for the period preceding the last period and will grow to 100 percent for the last
period.
I f the life of assets is between 0 (zero) and 1, 1 and 2, 2 and 3, or 4 and 5, the #NUM! error value is returned.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Basis Date system
0 or omitted 360 days (NASD method)
1 Actual
3 365 days in a year
4 360 days in a year (European method)
Life of assets (1/ rate) Depreciation coefficient
Between 3 and 4 years 1.5
Between 5 and 6 years 2
More than 6 years 2.5

1
2
3
4
A B
Data Description
2400 Cost
8/19/2008 Date purchased
Page 1of 2 AMORDEGRC
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5
6
7
8
12/31/2008 End of the first period
300 Salvage value
1 Period
15% Depreciation rate
1 Actual basis (see above)
Formula Description (Result)
=AMORDEGRC(A2,A3,A4,A5,A6,A7,A8) First period depreciation (776)
Page 2of 2 AMORDEGRC
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AMORLI NC
See Also
Returns the depreciation for each accounting period. This function is provided for the French accounting system. If an asset is
purchased in the middle of the accounting period, the prorated depreciation is taken into account.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
AMORLI NC(cost,date_purchased,first_period,salvage,period,rate,basis)
Important Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE
(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
Cost is the cost of the asset.
Date_purchased is the date of the purchase of the asset.
First_period is the date of the end of the first period.
Salvage is the salvage value at the end of the life of the asset.
Period is the period.
Rate is the rate of depreciation.
Basis is the year basis to be used.

Remark
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Basis Date system
0 or omitted 360 days (NASD method)
1 Actual
3 365 days in a year
4 360 days in a year (European method)

1
2
3
4
5
6
7
8
A B
Data Description
2400 Cost
8/19/2008 Date purchased
12/31/2008 End of the first period
300 Salvage value
1 Period
15% Depreciation rate
1 Actual basis (see above)
Formula Description (Result)
=AMORLINC(A2,A3,A4,A5,A6,A7,A7) First period depreciation (360)
Page 1of 1 AMORLINC
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COUPDAYBS
See Also
Returns the number of days from the beginning of the coupon period to the settlement date.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
COUPDAYBS(settlement,maturity,frequency,basis)
Important Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE
(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
Settlement is the security's settlement date. The security settlement date is the date after the issue date when the security is traded
to the buyer.
Maturity is the security's maturity date. The maturity date is the date when the security expires.
Frequency is the number of coupon payments per year. For annual payments, frequency = 1; for semiannual, frequency = 2; for
quarterly, frequency = 4.
Basis is the type of day count basis to use.

Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
The settlement date is the date a buyer purchases a coupon, such as a bond. The maturity date is the date when a coupon expires.
For example, suppose a 30-year bond is issued on J anuary 1, 2008, and is purchased by a buyer six months later. The issue date
would be J anuary 1, 2008, the settlement date would be J uly 1, 2008, and the maturity date would be J anuary 1, 2038, 30 years
after the J anuary 1, 2008, issue date.
All arguments are truncated to integers.
If settlement or maturity is not a valid date, COUPDAYBS returns the #VALUE! error value.
If frequency is any number other than 1, 2, or 4, COUPDAYBS returns the #NUM! error value.
If basis < 0 or if basis > 4, COUPDAYBS returns the #NUM! error value.
If settlement

maturity, COUPDAYBS returns the #NUM! error value.

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Basis Day count basis
0 or omitted US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360

1
2
3
4
5
A B
Data Description
J anuary 25, 2007 Settlement date
November 15, 2008 Maturity date
2 Semiannual coupon (see above)
1 Actual/actual basis (see above)
Formula Description (Result)
=COUPDAYBS
(A2,A3,A4,A5)
The number of days from the beginning of the coupon period to the settlement date, for a bond with
the above terms (71)
Page 1of 1 COUPDAYBS
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COUPDAYS
See Also
Returns the number of days in the coupon period that contains the settlement date.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
COUPDAYS(settlement,maturity,frequency,basis)
Important Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE
(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
Settlement is the security's settlement date. The security settlement date is the date after the issue date when the security is traded
to the buyer.
Maturity is the security's maturity date. The maturity date is the date when the security expires.
Frequency is the number of coupon payments per year. For annual payments, frequency = 1; for semiannual, frequency = 2; for
quarterly, frequency = 4.
Basis is the type of day count basis to use.

Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
The settlement date is the date a buyer purchases a coupon, such as a bond. The maturity date is the date when a coupon expires.
For example, suppose a 30-year bond is issued on J anuary 1, 2008, and is purchased by a buyer six months later. The issue date
would be J anuary 1, 2008, the settlement date would be J uly 1, 2008, and the maturity date is J anuary 1, 2038, 30 years after the
J anuary 1, 2008 issue date.
All arguments are truncated to integers.
If settlement or maturity is not a valid date, COUPDAYS returns the #VALUE! error value.
I f frequency is any number other than 1, 2, or 4, COUPDAYS returns the #NUM! error value.
If basis < 0 or if basis > 4, COUPDAYS returns the #NUM! error value.
If settlement

maturity, COUPDAYS returns the #NUM! error value.

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Basis Day count basis
0 or omitted US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360

1
2
3
4
5
A B
Data Description
J anuary 25, 2007 Settlement date
November 15, 2008 Maturity date
2 Semiannual coupon (see above)
1 Actual/actual basis (see above)
Formula Description (Result)
=COUPDAYS
(A2,A3,A4,A5)
The number of days in the coupon period that contains the settlement date, for a bond with the above
terms (181)
Page 1of 1 COUPDAYS
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COUPDAYSNC
See Also
Returns the number of days from the settlement date to the next coupon date.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
COUPDAYSNC(settlement,maturity,frequency,basis)
Important Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE
(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
Settlement is the security's settlement date. The security settlement date is the date after the issue date when the security is traded
to the buyer.
Maturity is the security's maturity date. The maturity date is the date when the security expires.
Frequency is the number of coupon payments per year. For annual payments, frequency = 1; for semiannual, frequency = 2; for
quarterly, frequency = 4.
Basis is the type of day count basis to use.

Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
The settlement date is the date a buyer purchases a coupon, such as a bond. The maturity date is the date when a coupon expires.
For example, suppose a 30-year bond is issued on J anuary 1, 2008, and is purchased by a buyer six months later. The issue date
would be J anuary 1, 2008, the settlement date would be J uly 1, 2008, and the maturity date would be J anuary 1, 2038, which is 30
years after the J anuary 1, 2008, issue date.
All arguments are truncated to integers.
If settlement or maturity is not a valid date, COUPDAYSNC returns the #VALUE! error value.
If frequency is any number other than 1, 2, or 4, COUPDAYSNC returns the #NUM! error value.
If basis < 0 or if basis > 4, COUPDAYSNC returns the #NUM! error value.
If settlement

maturity, COUPDAYSNC returns the #NUM! error value.

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Basis Day count basis
0 or omitted US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360

1
2
3
4
5
A B
Data Description
J anuary 25, 2007 Settlement date
November 15, 2008 Maturity date
2 Semiannual coupon (see above)
1 Actual/actual basis (see above)
Formula Description (Result)
=COUPDAYSNC
(A2,A3,A4,A5)
The number of days from the settlement date to the next coupon date, for a bond with the above
terms (110)
Page 1of 1 COUPDAYSNC
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COUPNCD
See Also
Returns a number that represents the next coupon date after the settlement date.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
COUPNCD(settlement,maturity,frequency,basis)
Important Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE
(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
Settlement is the security's settlement date. The security settlement date is the date after the issue date when the security is traded
to the buyer.
Maturity is the security's maturity date. The maturity date is the date when the security expires.
Frequency is the number of coupon payments per year. For annual payments, frequency = 1; for semiannual, frequency = 2; for
quarterly, frequency = 4.
Basis is the type of day count basis to use.

Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
The settlement date is the date a buyer purchases a coupon, such as a bond. The maturity date is the date when a coupon expires.
For example, suppose a 30-year bond is issued on J anuary 1, 2008, and is purchased by a buyer six months later. The issue date
would be J anuary 1, 2008, the settlement date would be J uly 1, 2008, and the maturity date would be J anuary 1, 2038, which is 30
years after the J anuary 1, 2008, issue date.
All arguments are truncated to integers.
If settlement or maturity is not a valid date, COUPNCD returns the #VALUE! error value.
If frequency is any number other than 1, 2, or 4, COUPNCD returns the #NUM! error value.
If basis < 0 or if basis > 4, COUPNCD returns the #NUM! error value.
If settlement

maturity, COUPNCD returns the #NUM! error value.

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Basis Day count basis
0 or omitted US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360

1
2
3
4
5
A B
Data Description
J anuary 25, 2007 Settlement date
November 15, 2008 Maturity date
2 Semiannual coupon (see above)
1 Actual/actual basis (see above)
Formula Description (Result)
=COUPNCD(A2,A3,A4,A5) The next coupon date after the settlement date, for a bond with the above terms (May 15, 2007)
Page 1of 2 COUPNCD
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Note To view the number as a date, select the cell and click Cells on the Format menu. Click the Number tab, and then click Date
in the Category box.
Page 2of 2 COUPNCD
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CUMI PMT
See Also
Returns the cumulative interest paid on a loan between start_period and end_period.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
CUMI PMT(rate,nper,pv,start_period,end_period,type)
Rate is the interest rate.
Nper is the total number of payment periods.
Pv is the present value.
Start_period is the first period in the calculation. Payment periods are numbered beginning with 1.
End_period is the last period in the calculation.
Type is the timing of the payment.

Remarks
Make sure that you are consistent about the units you use for specifying rate and nper. If you make monthly payments on a four-
year loan at an annual interest rate of 10 percent, use 10%/12 for rate and 4*12 for nper. If you make annual payments on the
same loan, use 10% for rate and 4 for nper.
Nper, start_period, end_period, and type are truncated to integers.
If rate

0, nper

0, or pv

0, CUMIPMT returns the #NUM! error value.

If start_period < 1, end_period < 1, or start_period > end_period, CUMIPMT returns the #NUM! error value.
I f type is any number other than 0 or 1, CUMIPMT returns the #NUM! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note The interest rate is divided by 12 to get a monthly rate. The years the money is paid out is multiplied by 12 to get the number of
payments.
Type Timing
0 (zero) Payment at the end of the period
1 Payment at the beginning of the period

1
2
3
4
A B
Data Description
9% Annual interest rate
30 Years of the loan
125,000 Present value
Formula Description (Result)
=CUMI PMT(A2/12,A3*12,A4,13,24,0) Total interest paid in the second year of payments, periods 13 through 24 (-11135.23)
=CUMI PMT(A2/12,A3*12,A4,1,1,0) I nterest paid in a single payment in the first month (-937.50)
Page 1of 1 CUMIPMT
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CUMPRI NC
See Also
Returns the cumulative principal paid on a loan between start_period and end_period.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
CUMPRI NC(rate,nper,pv,start_period,end_period,type)
Rate is the interest rate.
Nper is the total number of payment periods.
Pv is the present value.
Start_period is the first period in the calculation. Payment periods are numbered beginning with 1.
End_period is the last period in the calculation.
Type is the timing of the payment.

Remarks
Make sure that you are consistent about the units you use for specifying rate and nper. If you make monthly payments on a four-
year loan at an annual interest rate of 12 percent, use 12%/12 for rate and 4*12 for nper. If you make annual payments on the
same loan, use 12% for rate and 4 for nper.
Nper, start_period, end_period, and type are truncated to integers.
If rate

0, nper

0, or pv

0, CUMPRINC returns the #NUM! error value.

If start_period < 1, end_period < 1, or start_period > end_period, CUMPRINC returns the #NUM! error value.
I f type is any number other than 0 or 1, CUMPRINC returns the #NUM! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note The interest rate is divided by 12 to get a monthly rate. The years the money is paid out is multiplied by 12 to get the number of
payments.
Type Timing
0 (zero) Payment at the end of the period
1 Payment at the beginning of the period

1
2
3
4
A B
Data Description
9.00% Interest rate per annum
30 Term in years
125,000 Present value
Formula Description (Result)
=CUMPRINC
(A2/12,A3*12,A4,13,24,0)
The total principal paid in the second year of payments, periods 13 through 24 (-
934.1071)
=CUMPRI NC(A2/12,A3*12,A4,1,1,0) The principal paid in a single payment in the first month (-68.27827)
Page 1of 1 CUMPRINC
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DB
See Also
Returns the depreciation of an asset for a specified period using the fixed-declining balance method.
Syntax
DB(cost,salvage,life,period,month)
Cost is the initial cost of the asset.
Salvage is the value at the end of the depreciation (sometimes called the salvage value of the asset).
Life is the number of periods over which the asset is being depreciated (sometimes called the useful life of the asset).
Period is the period for which you want to calculate the depreciation. Period must use the same units as life.
Month is the number of months in the first year. If month is omitted, it is assumed to be 12.
Remarks
The fixed-declining balance method computes depreciation at a fixed rate. DB uses the following formulas to calculate depreciation
for a period:
(cost - total depreciation from prior periods) * rate
where:
rate = 1 - ((salvage / cost) ^ (1 / life)), rounded to three decimal places
Depreciation for the first and last periods is a special case. For the first period, DB uses this formula:
cost * rate * month / 12
For the last period, DB uses this formula:
((cost - total depreciation from prior periods) * rate * (12 - month)) / 12
Example 1
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Data Description
1,000,000 Initial cost
100,000 Salvage value
6 Lifetime in years
Formula Description (Result)
=DB(A2,A3,A4,1,7) Depreciation in first year, with only 7 months calculated (186,083.33)
=DB(A2,A3,A4,2,7) Depreciation in second year (259,639.42)
=DB(A2,A3,A4,3,7) Depreciation in third year (176,814.44)
=DB(A2,A3,A4,4,7) Depreciation in fourth year (120,410.64)
=DB(A2,A3,A4,5,7) Depreciation in fifth year (81,999.64)
=DB(A2,A3,A4,6,7) Depreciation in sixth year (55,841.76)
=DB(A2,A3,A4,7,7) Depreciation in seventh year, with only 5 months calculated (15,845.10)
Page 1of 1 DB
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DDB
See Also
Returns the depreciation of an asset for a specified period using the double-declining balance method or some other method you
specify.
Syntax
DDB(cost,salvage,life,period,factor)
Cost is the initial cost of the asset.
Salvage is the value at the end of the depreciation (sometimes called the salvage value of the asset).
Life is the number of periods over which the asset is being depreciated (sometimes called the useful life of the asset).
Period is the period for which you want to calculate the depreciation. Period must use the same units as life.
Factor is the rate at which the balance declines. If factor is omitted, it is assumed to be 2 (the double-declining balance method).
Important All five arguments must be positive numbers.
Remarks
The double-declining balance method computes depreciation at an accelerated rate. Depreciation is highest in the first period and
decreases in successive periods. DDB uses the following formula to calculate depreciation for a period:
((cost-salvage) - total depreciation from prior periods) * (factor/life)
Change factor if you do not want to use the double-declining balance method.
Use the VDB function if you want to switch to the straight-line depreciation method when depreciation is greater than the declining
balance calculation.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note The results are rounded to two decimal places.

1
2
3
4
A B
Data Description
2400 Initial cost
300 Salvage value
10 Lifetime in years
Formula Description (Result)
=DDB(A2,A3,A4*365,1) First day's depreciation. Microsoft Excel automatically assumes that factor is 2. (1.32)
=DDB
(A2,A3,A4*12,1,2)
First month's depreciation (40.00)
=DDB(A2,A3,A4,1,2) First year's depreciation (480.00)
=DDB(A2,A3,A4,2,1.5) Second year's depreciation using a factor of 1.5 instead of the double-declining balance method
(306.00)
=DDB(A2,A3,A4,10) Tenth year's depreciation. Microsoft Excel automatically assumes that factor is 2 (22.12)
Page 1of 1 DDB
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DI SC
See Also
Returns the discount rate for a security.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
DI SC(settlement,maturity,pr,redemption,basis)
Important Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE
(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
Settlement is the security's settlement date. The security settlement date is the date after the issue date when the security is traded
to the buyer.
Maturity is the security's maturity date. The maturity date is the date when the security expires.
Pr is the security's price per $100 face value.
Redemption is the security's redemption value per $100 face value.
Basis is the type of day count basis to use.

Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
The settlement date is the date a buyer purchases a coupon, such as a bond. The maturity date is the date when a coupon expires.
For example, suppose a 30-year bond is issued on J anuary 1, 2008, and is purchased by a buyer six months later. The issue date
would be J anuary 1, 2008, the settlement date would be J uly 1, 2008, and the maturity date would be J anuary 1, 2038, 30 years
after the J anuary 1, 2008, issue date.
Settlement, maturity, and basis are truncated to integers.
If settlement or maturity is not a valid serial date number, DI SC returns the #VALUE! error value.
If pr

0 or if redemption

0, DISC returns the #NUM! error value.

If basis < 0 or if basis > 4, DISC returns the #NUM! error value.
If settlement

maturity, DI SC returns the #NUM! error value.

DISC is calculated as follows:

where:
B = number of days in a year, depending on the year basis.
DSM = number of days between settlement and maturity.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Basis Day count basis
0 or omitted US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360
A B
Page 1of 2 DISC
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Note To view the number as a percent, select the cell and click Cells on the Format menu. Click the Number tab, and then click
Percentage in the Category box.
1
2
3
4
5
6
Data Description
J anuary 25, 2007 Settlement date
J une 15, 2007 Maturity date
97.975 Price
100 Redemption value
1 Actual/360 basis (see above)
Formula Description (Result)
=DISC(A2,A3,A4,A5,A6) The bond discount rate, for a bond with the above terms (0.052420213 or 5.24%)
Page 2of 2 DISC
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DOLLARDE
See Also
Converts a dollar price expressed as a fraction into a dollar price expressed as a decimal number. Use DOLLARDE to convert
fractional dollar numbers, such as securities prices, to decimal numbers.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
1. On the Tools menu, click Add-Ins.
2. I n the Add-Ins available list, select the Analysis ToolPak box, and then click OK.
3. If necessary, follow the instructions in the setup program.
Syntax
DOLLARDE(fractional_dollar,fraction)
Fractional_dollar is a number expressed as a fraction.
Fraction is the integer to use in the denominator of the fraction.
Remarks
If fraction is not an integer, it is truncated.
If fraction is less than 0, DOLLARDE returns the #NUM! error value.
If fraction is 0, DOLLARDE returns the #DIV/0! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
1. Create a blank workbook or worksheet.
2. Select the example in the Help topic. Do not select the row or column headers.

Selecting an example from Help
3. Press CTRL+C.
4. In the worksheet, select cell A1, and press CTRL+V.
5. To switch between viewing the results and viewing the formulas that return the results, press CTRL+` (grave accent), or on the
Tools menu, point to Formula Auditing, and then click Formula Auditing Mode.

1
2
3
A B
Formula Description (Result)
=DOLLARDE(1.02,16) Converts 1.02, read as 1 and 2/16, to a decimal number (1.125)
=DOLLARDE(1.1,32) Converts 1.1, read as 1 and 10/32, to a decimal number (1.3125)
Page 1of 1 DOLLARDE
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DOLLARFR
See Also
Converts a dollar price expressed as a decimal number into a dollar price expressed as a fraction. Use DOLLARFR to convert
decimal numbers to fractional dollar numbers, such as securities prices.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
DOLLARFR(decimal_dollar,fraction)
Decimal_dollar is a decimal number.
Fraction is the integer to use in the denominator of a fraction.
Remarks
If fraction is not an integer, it is truncated.
If fraction is less than 0, DOLLARFR returns the #NUM! error value.
If fraction is 0, DOLLARFR returns the #DIV/0! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Formula Description (Result)
=DOLLARFR(1.125,16) Converts the decimal number 1.125 to a number read as 1 and 2/16 (1.02)
=DOLLARFR(1.125,32) Converts the decimal number 1.125 to a number read as 1 and 1/8 (1.04)
Page 1of 1 DOLLARFR
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DURATI ON
See Also
Returns the Macauley duration for an assumed par value of $100. Duration is defined as the weighted average of the present
value of the cash flows and is used as a measure of a bond price's response to changes in yield.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
DURATI ON(settlement,maturity,coupon,yld,frequency,basis)
Important Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE
(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
Settlement is the security's settlement date. The security settlement date is the date after the issue date when the security is traded
to the buyer.
Maturity is the security's maturity date. The maturity date is the date when the security expires.
Coupon is the security's annual coupon rate.
Yld is the security's annual yield.
Frequency is the number of coupon payments per year. For annual payments, frequency = 1; for semiannual, frequency = 2; for
quarterly, frequency = 4.
Basis is the type of day count basis to use.

Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
The settlement date is the date a buyer purchases a coupon, such as a bond. The maturity date is the date when a coupon expires.
For example, suppose a 30-year bond is issued on J anuary 1, 2008, and is purchased by a buyer six months later. The issue date
would be J anuary 1, 2008, the settlement date would be J uly 1, 2008, and the maturity date would be J anuary 1, 2038, which is 30
years after the J anuary 1, 2008, issue date.
Settlement, maturity, frequency, and basis are truncated to integers.
If settlement or maturity is not a valid date, DURATION returns the #VALUE! error value.
If coupon < 0 or if yld < 0, DURATION returns the #NUM! error value.
If frequency is any number other than 1, 2, or 4, DURATION returns the #NUM! error value.
If basis < 0 or if basis > 4, DURATION returns the #NUM! error value.
If settlement

maturity, DURATION returns the #NUM! error value.

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Basis Day count basis
0 or omitted US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360

1
2
3
A B
Data Description
J anuary 1, 2008 Settlement date
J anuary 1, 2016 Maturity date
Page 1of 2 DURATION
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4
5
6
7
8% Percent coupon
9.0% Percent yield
2 Frequency is semiannual (see above)
1 Actual/actual basis (see above)
Formula Description (Result)
=DURATION(A2,A3,A4,A5,A6,A7) The duration, for the bond with the terms above (5.993775)
Page 2of 2 DURATION
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EFFECT
See Also
Returns the effective annual interest rate, given the nominal annual interest rate and the number of compounding periods per
year.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
EFFECT(nominal_ rate,npery)
Nominal_rate is the nominal interest rate.
Npery is the number of compounding periods per year.
Remarks
Npery is truncated to an integer.
If either argument is nonnumeric, EFFECT returns the #VALUE! error value.
If nominal_rate

0 or if npery < 1, EFFECT returns the #NUM! error value.

EFFECT is calculated as follows:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Data Description
5.25% Nominal interest rate
4 Number of compounding periods per year
Formula Description (Result)
=EFFECT(A2,A3) Effective interest rate with the terms above (0.053543 or 5.3543 percent)
Page 1of 1 EFFECT
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FV
See Also
Returns the future value of an investment based on periodic, constant payments and a constant interest rate.
Syntax
FV(rate,nper,pmt,pv,type)
For a more complete description of the arguments in FV and for more information on annuity functions, see PV.
Rate is the interest rate per period.
Nper is the total number of payment periods in an annuity.
Pmt is the payment made each period; it cannot change over the life of the annuity. Typically, pmt contains principal and interest but
no other fees or taxes. If pmt is omitted, you must include the pv argument.
Pv is the present value, or the lump-sum amount that a series of future payments is worth right now. If pv is omitted, it is assumed
to be 0 (zero), and you must include the pmt argument.
Type is the number 0 or 1 and indicates when payments are due. If type is omitted, it is assumed to be 0.

Remarks
Make sure that you are consistent about the units you use for specifying rate and nper. If you make monthly payments on a four-
year loan at 12 percent annual interest, use 12%/12 for rate and 4*12 for nper. I f you make annual payments on the same loan,
use 12% for rate and 4 for nper.
For all the arguments, cash you pay out, such as deposits to savings, is represented by negative numbers; cash you receive, such
as dividend checks, is represented by positive numbers.
Example 1
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note The annual interest rate is divided by 12 because it is compounded monthly.
Example 2
The example may be easier to understand if you copy it to a blank worksheet.
How?
Set type equal to If payments are due
0 At the end of the period
1 At the beginning of the period

1
2
3
4
5
6
A B
Data Description
6% Annual interest rate
10 Number of payments
-200 Amount of the payment
-500 Present value
1 Payment is due at the beginning of the period (see above)
Formula Description (Result)
=FV(A2/12, A3, A4, A5, A6) Future value of an investment with the above terms (2581.40)

1
2
3
4
A B
Data Description
12% Annual interest rate
12 Number of payments
-1000 Amount of the payment
Formula Description (Result)
Page 1of 2 FV
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Note The annual interest rate is divided by 12 because it is compounded monthly.
Example 3
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note The annual interest rate is divided by 12 because it is compounded monthly.
Example 4
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note The annual interest rate is divided by 12 because it is compounded monthly.
=FV(A2/12, A3, A4) Future value of an investment with the above terms (12,682.50)

1
2
3
4
5
A B
Data Description
11% Annual interest rate
35 Number of payments
-2000 Amount of the payment
1 Payment is due at the beginning of the year (see above)
Formula Description (Result)
=FV(A2/12, A3, A4,, A5) Future value of an investment with the above terms (82,846.25)

1
2
3
4
5
6
A B
Data Description
6% Annual interest rate
12 Number of payments
-100 Amount of the payment
-1000 Present value
1 Payment is due at the beginning of the year (see above)
Formula Description (Result)
=FV(A2/12, A3, A4, A5, A6) Future value of an investment with the above terms (2301.40)
Page 2of 2 FV
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FVSCHEDULE
See Also
Returns the future value of an initial principal after applying a series of compound interest rates. Use FVSCHEDULE to calculate the
future value of an investment with a variable or adjustable rate.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
FVSCHEDULE(principal,schedule)
Principal is the present value.
Schedule is an array of interest rates to apply.
Remark
The values in schedule can be numbers or blank cells; any other value produces the #VALUE! error value for FVSCHEDULE. Blank cells
are taken as zeros (no interest).
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
A B
Formula Description (Result)
=FVSCHEDULE(1,{0.09,0.11,0.1}) Future value of 1 with compound interest rates of 0.09,0.11,0.1 (1.33089)
Page 1of 1 FVSCHEDULE
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I NTRATE
See Also
Returns the interest rate for a fully invested security.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
INTRATE(settlement,maturity,investment,redemption,basis)
Important Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE
(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
Settlement is the security's settlement date. The security settlement date is the date after the issue date when the security is traded
to the buyer.
Maturity is the security's maturity date. The maturity date is the date when the security expires.
Investment is the amount invested in the security.
Redemption is the amount to be received at maturity.
Basis is the type of day count basis to use.

Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
The settlement date is the date a buyer purchases a coupon, such as a bond. The maturity date is the date when a coupon expires.
For example, suppose a 30-year bond is issued on J anuary 1, 2008, and is purchased by a buyer six months later. The issue date
would be J anuary 1, 2008, the settlement date would be J uly 1, 2008, and the maturity date would be J anuary 1, 2038, which is 30
years after the J anuary 1, 2008, issue date.
Settlement, maturity, and basis are truncated to integers.
If settlement or maturity is not a valid date, INTRATE returns the #VALUE! error value.
If investment

0 or if redemption

0, INTRATE returns the #NUM! error value.

If basis < 0 or if basis > 4, INTRATE returns the #NUM! error value.
If settlement

maturity, INTRATE returns the #NUM! error value.

INTRATE is calculated as follows:

where:
B = number of days in a year, depending on the year basis.
DIM = number of days from settlement to maturity.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Basis Day count basis
0 or omitted US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360
A B
Page 1of 2 INTRATE
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Note To view the number as a percentage, select the cell and click Cells on the Format menu. Click the Number tab, and then click
Percentage in the Category box.
1
2
3
4
5
6
Data Description
February 15, 2008 Settlement date
May 15, 2008 Maturity date
1,000,000 Investment
1,014,420 Redemption value
2 Actual/360 basis (see above)
Formula Description (Result)
=I NTRATE(A2,A3,A4,A5,A6) Discount rate, for the terms of the bond above (0.05768 or 5.77%)
Page 2of 2 INTRATE
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I PMT
See Also
Returns the interest payment for a given period for an investment based on periodic, constant payments and a constant interest
rate. For a more complete description of the arguments in IPMT and for more information about annuity functions, see PV.
Syntax
IPMT(rate,per,nper,pv,fv,type)
Rate is the interest rate per period.
Per is the period for which you want to find the interest and must be in the range 1 to nper.
Nper is the total number of payment periods in an annuity.
Pv is the present value, or the lump-sum amount that a series of future payments is worth right now.
Fv is the future value, or a cash balance you want to attain after the last payment is made. If fv is omitted, it is assumed to be 0 (the
future value of a loan, for example, is 0).
Type is the number 0 or 1 and indicates when payments are due. If type is omitted, it is assumed to be 0.

Remarks
Make sure that you are consistent about the units you use for specifying rate and nper. If you make monthly payments on a four-
year loan at 12 percent annual interest, use 12%/12 for rate and 4*12 for nper. I f you make annual payments on the same loan,
use 12% for rate and 4 for nper.
For all the arguments, cash you pay out, such as deposits to savings, is represented by negative numbers; cash you receive, such
as dividend checks, is represented by positive numbers.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note The interest rate is divided by 12 to get a monthly rate. The years the money is paid out is multiplied by 12 to get the number of
payments.
Set type equal to If payments are due
0 At the end of the period
1 At the beginning of the period

1
2
3
4
5
A B
Data Description
10% Annual interest
1 Period for which you want to find the interest
3 Years of loan
8000 Present value of loan
Formula Description (Result)
=I PMT(A2/12, A3*3, A4,
A5)
Interest due in the first month for a loan with the terms above (-22.41)
=IPMT(A2, 3, A4, A5) Interest due in the last year for a loan with the terms above, where payments are made yearly (-
292.45)
Page 1of 1 IPMT
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I RR
See Also
Returns the internal rate of return for a series of cash flows represented by the numbers in values. These cash flows do not have
to be even, as they would be for an annuity. However, the cash flows must occur at regular intervals, such as monthly or annually.
The internal rate of return is the interest rate received for an investment consisting of payments (negative values) and income (positive
values) that occur at regular periods.
Syntax
IRR(values,guess)
Values is an array or a reference to cells that contain numbers for which you want to calculate the internal rate of return.
Values must contain at least one positive value and one negative value to calculate the internal rate of return.
IRR uses the order of values to interpret the order of cash flows. Be sure to enter your payment and income values in the sequence
you want.
If an array or reference argument contains text, logical values, or empty cells, those values are ignored.
Guess is a number that you guess is close to the result of IRR.
Microsoft Excel uses an iterative technique for calculating IRR. Starting with guess, IRR cycles through the calculation until the
result is accurate within 0.00001 percent. I f I RR can't find a result that works after 20 tries, the #NUM! error value is returned.
In most cases you do not need to provide guess for the IRR calculation. If guess is omitted, it is assumed to be 0.1 (10 percent).
If IRR gives the #NUM! error value, or if the result is not close to what you expected, try again with a different value for guess.
Remarks
IRR is closely related to NPV, the net present value function. The rate of return calculated by IRR is the interest rate corresponding to a
0 (zero) net present value. The following formula demonstrates how NPV and IRR are related:
NPV( I RR( B1: B6) , B1: B6) equals 3.60E-08 [Within the accuracy of the I RR calculation, the value 3.60E-08 is effectively 0
(zero).]
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
A B
Data Description
-70,000 Initial cost of a business
12,000 Net income for the first year
15,000 Net income for the second year
18,000 Net income for the third year
21,000 Net income for the fourth year
26,000 Net income for the fifth year
Formula Description (Result)
=I RR(A2:A6) Investment's internal rate of return after four years (-2%)
=I RR(A2:A7) Internal rate of return after five years (9%)
=I RR(A2:A4,-10%) To calculate the internal rate of return after two years, you need to include a guess (-44%)
Page 1of 1 IRR
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I SPMT
See Also
Calculates the interest paid during a specific period of an investment. This function is provided for compatibility with Lotus 1-2-3.
Syntax
ISPMT(rate,per,nper,pv)
Rate is the interest rate for the investment.
Per is the period for which you want to find the interest, and must be between 1 and nper.
Nper is the total number of payment periods for the investment.
Pv is the present value of the investment. For a loan, pv is the loan amount.
Remarks
Make sure that you are consistent about the units you use for specifying rate and nper. If you make monthly payments on a four-
year loan at an annual interest rate of 12 percent, use 12%/12 for rate and 4*12 for nper. If you make annual payments on the
same loan, use 12% for rate and 4 for nper.
For all the arguments, the cash you pay out, such as deposits to savings or other withdrawals, is represented by negative numbers;
the cash you receive, such as dividend checks and other deposits, is represented by positive numbers.
For additional information about financial functions, see the PV function.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note The interest rate is divided by 12 to get a monthly rate. The number of years the money is paid out is multiplied by 12 to get the
number of payments.

1
2
3
4
5
A B
Data Description
10% Annual interest rate
1 Period
3 Number of years in the investment
8000000 Amount of loan
Formula Description (Result)
=I SPMT(A2/12,A3,A4*12,A5) I nterest paid for the first monthly payment of a loan with the above terms (-64814.8)
=I SPMT(A2,1,A4,A5) I nterest paid in the first year of a loan with the above terms (-533333)
Page 1of 1 ISPMT
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MDURATI ON
See Also
Returns the modified Macauley duration for a security with an assumed par value of $100.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
MDURATI ON(settlement,maturity,coupon,yld,frequency,basis)
Important Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE
(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
Settlement is the security's settlement date. The security settlement date is the date after the issue date when the security is traded
to the buyer.
Maturity is the security's maturity date. The maturity date is the date when the security expires.
Coupon is the security's annual coupon rate.
Yld is the security's annual yield.
Frequency is the number of coupon payments per year. For annual payments, frequency = 1; for semiannual, frequency = 2; for
quarterly, frequency = 4.
Basis is the type of day count basis to use.

Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
The settlement date is the date a buyer purchases a coupon, such as a bond. The maturity date is the date when a coupon expires.
For example, suppose a 30-year bond is issued on J anuary 1, 2008, and is purchased by a buyer six months later. The issue date
would be J anuary 1, 2008, the settlement date would be J uly 1, 2008, and the maturity date is J anuary 1, 2038, which is 30 years
after the J anuary 1, 2008, issue date.
Settlement, maturity, frequency, and basis are truncated to integers.
If settlement or maturity is not a valid date, MDURATION returns the #VALUE! error value.
If yld < 0 or if coupon < 0, MDURATION returns the #NUM! error value.
If frequency is any number other than 1, 2, or 4, MDURATION returns the #NUM! error value.
If basis < 0 or if basis > 4, MDURATION returns the #NUM! error value.
If settlement

maturity, MDURATION returns the #NUM! error value.

Modified duration is defined as follows:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Basis Day count basis
0 or omitted US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360
Page 1of 2 MDURATION
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1
2
3
4
5
6
7
A B
Data Description
J anuary 1, 2008 Settlement date
J anuary 1, 2016 Maturity date
8% Percent coupon
9.0% Percent yield
2 Frequency is semiannual (see above)
1 Actual/actual basis (see above)
Formula Description (Result)
=MDURATION(A2,A3,A4,A5,A6,A7) The modified duration, for the bond with the terms above (5.73567)
Page 2of 2 MDURATION
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MI RR
See Also
Returns the modified internal rate of return for a series of periodic cash flows. MI RR considers both the cost of the investment and
the interest received on reinvestment of cash.
Syntax
MI RR(values,finance_ rate,reinvest_rate)
Values is an array or a reference to cells that contain numbers. These numbers represent a series of payments (negative values) and
income (positive values) occurring at regular periods.
Values must contain at least one positive value and one negative value to calculate the modified internal rate of return. Otherwise,
MI RR returns the #DIV/0! error value.
If an array or reference argument contains text, logical values, or empty cells, those values are ignored; however, cells with the
value zero are included.
Finance_rate is the interest rate you pay on the money used in the cash flows.
Reinvest_rate is the interest rate you receive on the cash flows as you reinvest them.
Remarks
MI RR uses the order of values to interpret the order of cash flows. Be sure to enter your payment and income values in the
sequence you want and with the correct signs (positive values for cash received, negative values for cash paid).
If n is the number of cash flows in values, frate is the finance_rate, and rrate is the reinvest_rate, then the formula for MIRR is:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
9
A B
Data Description
-$120,000 Initial cost
39,000 Return first year
30,000 Return second year
21,000 Return third year
37,000 Return fourth year
46,000 Return fifth year
10.00% Annual interest rate for the 120,000 loan
12.00% Annual interest rate for the reinvested profits
Formula Description (Result)
=MIRR(A2:A7, A8, A9) Investment's modified rate of return after five years (13%)
=MIRR(A2:A5, A8, A9) Modified rate of return after three years (-5%)
=MIRR(A2:A7, A8, 14%) Five-year modified rate of return based on a reinvest_rate of 14 percent (13%)
Page 1of 1 MIRR
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NOMI NAL
See Also
Returns the nominal annual interest rate, given the effective rate and the number of compounding periods per year.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
NOMI NAL(effect_rate,npery)
Effect_rate is the effective interest rate.
Npery is the number of compounding periods per year.
Remarks
Npery is truncated to an integer.
If either argument is nonnumeric, NOMINAL returns the #VALUE! error value.
If effect_rate

0 or if npery < 1, NOMI NAL returns the #NUM! error value.

NOMINAL is related to EFFECT as shown in the following equation:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Data Description
5.3543% Effective interest rate
4 Number of compounding periods per year
Formula Description (Result)
=NOMINAL(A2,A3) Nominal interest rate with the terms above (0.0525 or 5.25 percent)
Page 1of 1 NOMINAL
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NPER
See Also
Returns the number of periods for an investment based on periodic, constant payments and a constant interest rate.
Syntax
NPER(rate, pmt, pv, fv, type)
For a more complete description of the arguments in NPER and for more information about annuity functions, see PV.
Rate is the interest rate per period.
Pmt is the payment made each period; it cannot change over the life of the annuity. Typically, pmt contains principal and interest but
no other fees or taxes.
Pv is the present value, or the lump-sum amount that a series of future payments is worth right now.
Fv is the future value, or a cash balance you want to attain after the last payment is made. If fv is omitted, it is assumed to be 0 (the
future value of a loan, for example, is 0).
Type is the number 0 or 1 and indicates when payments are due.

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Set type equal to If payments are due
0 or omitted At the end of the period
1 At the beginning of the period

1
2
3
4
5
6
A B
Data Description
12% Annual interest rate
-100 Payment made each period
-1000 Present value
10000 Future value
1 Payment is due at the beginning of the period (see above)
Formula Description (Result)
=NPER(A2/12, A3, A4, A5,
1)
Periods for the investment with the above terms (60)
=NPER(A2/12, A3, A4, A5) Periods for the investment with the above terms, except payments are made at the beginning of the
period (60)
=NPER(A2/12, A3, A4) Periods for the investment with the above terms, except with a future value of 0 (-9.578)
Page 1of 1 NPER
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NPV
See Also
Calculates the net present value of an investment by using a discount rate and a series of future payments (negative values) and
income (positive values).
Syntax
NPV(rate,value1,value2, ...)
Rate is the rate of discount over the length of one period.
Value1, value2, ... are 1 to 29 arguments representing the payments and income.
Value1, value2, ... must be equally spaced in time and occur at the end of each period.
NPV uses the order of value1, value2, ... to interpret the order of cash flows. Be sure to enter your payment and income values in
the correct sequence.
Arguments that are numbers, empty cells, logical values, or text representations of numbers are counted; arguments that are error
values or text that cannot be translated into numbers are ignored.
If an argument is an array or reference, only numbers in that array or reference are counted. Empty cells, logical values, text, or
error values in the array or reference are ignored.
Remarks
The NPV investment begins one period before the date of the value1 cash flow and ends with the last cash flow in the list. The NPV
calculation is based on future cash flows. If your first cash flow occurs at the beginning of the first period, the first value must be
added to the NPV result, not included in the values arguments. For more information, see the examples below.
If n is the number of cash flows in the list of values, the formula for NPV is:

NPV is similar to the PV function (present value). The primary difference between PV and NPV is that PV allows cash flows to begin
either at the end or at the beginning of the period. Unlike the variable NPV cash flow values, PV cash flows must be constant
throughout the investment. For information about annuities and financial functions, see PV.
NPV is also related to the IRR function (internal rate of return). IRR is the rate for which NPV equals zero: NPV(IRR(...), ...) = 0.
Example 1
The example may be easier to understand if you copy it to a blank worksheet.
How?
I n the preceding example, you include the initial $10,000 cost as one of the values, because the payment occurs at the end of the first
period.
Example 2
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
A B
Data Description
10% Annual discount rate
-10,000 Initial cost of investment one year from today
3,000 Return from first year
4,200 Return from second year
6,800 Return from third year
Formula Description (Result)
=NPV(A2, A3, A4, A5, A6) Net present value of this investment (1,188.44)

1
A B
Data Description
Page 1of 2 NPV
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In the preceding example, you don't include the initial $40,000 cost as one of the values, because the payment occurs at the beginning
of the first period.
2
3
4
5
6
7
8
8% Annual discount rate. This might represent the rate of inflation or the interest rate of a competing
investment.
-40,000 Initial cost of investment
8,000 Return from first year
9,200 Return from second year
10,000 Return from third year
12,000 Return from fourth year
14,500 Return from fifth year
Formula Description (Result)
=NPV(A2, A4:A8)+A3 Net present value of this investment (1,922.06)
=NPV(A2, A4:A8, -9000)
+A3
Net present value of this investment, with a loss in the sixth year of 9000 (-3,749.47)
Page 2of 2 NPV
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ODDFPRI CE
See Also
Returns the price per $100 face value of a security having an odd (short or long) first period.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
1. On the Tools menu, click Add-Ins.
2. I n the Add-Ins available list, select the Analysis ToolPak box, and then click OK.
3. If necessary, follow the instructions in the setup program.
Syntax
ODDFPRI CE(settlement,maturity,issue,first_coupon,rate,yld,redemption,frequency,basis)
Important Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE
(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
Settlement is the security's settlement date. The security settlement date is the date after the issue date when the security is traded
to the buyer.
Maturity is the security's maturity date. The maturity date is the date when the security expires.
Issue is the security's issue date.
First_coupon is the security's first coupon date.
Rate is the security's interest rate.
Yld is the security's annual yield.
Redemption is the security's redemption value per $100 face value.
Frequency is the number of coupon payments per year. For annual payments, frequency = 1; for semiannual, frequency = 2; for
quarterly, frequency = 4.
Basis is the type of day count basis to use.
Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
The settlement date is the date a buyer purchases a coupon, such as a bond. The maturity date is the date when a coupon expires.
For example, suppose a 30-year bond is issued on J anuary 1, 2008, and is purchased by a buyer six months later. The issue date
would be J anuary 1, 2008, the settlement date would be J uly 1, 2008, and the maturity date would be J anuary 1, 2038, which is 30
years after the J anuary 1, 2008, issue date.
Settlement, maturity, issue, first_coupon, and basis are truncated to integers.
If settlement, maturity, issue, or first_coupon is not a valid date, ODDFPRICE returns the #VALUE! error value.
If rate < 0 or if yld < 0, ODDFPRICE returns the #NUM! error value.
If basis < 0 or if basis > 4, ODDFPRICE returns the #NUM! error value.
The following date condition must be satisfied; otherwise, ODDFPRICE returns the #NUM! error value:
maturity > first_coupon > settlement > issue
ODDFPRI CE is calculated as follows:
Odd short first coupon:
Basis Day count basis
0 or omitted US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360
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where:
A = number of days from the beginning of the coupon period to the settlement date (accrued days).
DSC = number of days from the settlement to the next coupon date.
DFC = number of days from the beginning of the odd first coupon to the first coupon date.
E = number of days in the coupon period.
N = number of coupons payable between the settlement date and the redemption date. (If this number contains a fraction, it is
raised to the next whole number.)
Odd long first coupon:

where:
Ai = number of days from the beginning of the ith, or last, quasi-coupon period within odd period.
DCi = number of days from dated date (or issue date) to first quasi-coupon (i = 1) or number of days in quasi-coupon (i = 2,..., i =
NC).
Page 2of 3 ODDFPRICE
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DSC = number of days from settlement to next coupon date.
E = number of days in coupon period.
N = number of coupons payable between the first real coupon date and redemption date. (If this number contains a fraction, it is
raised to the next whole number.)
NC = number of quasi-coupon periods that fit in odd period. (I f this number contains a fraction, it is raised to the next whole
number.)
NLi = normal length in days of the full ith, or last, quasi-coupon period within odd period.
Nq = number of whole quasi-coupon periods between settlement date and first coupon.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
9
10
A B
Data Description (Result)
November 11, 2008 Settlement date
March 1, 2021 Maturity date
October 15, 2008 Issue date
March 1, 2009 First coupon date
7.85% Percent coupon
6.25% Percent yield
100 Redemptive value
2 Frequency is semiannual (see above)
1 Actual/actual basis (see above)
Formula Description (Result)
=ODDFPRICE
(A2,A3,A4,A5,A6,A7,A8,A9,A10)
The price per $100 face value of a security having an odd (short or long) first period,
for the bond with the above terms (113.5977)
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ODDFYI ELD
See Also
Returns the yield of a security that has an odd (short or long) first period.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
ODDFYI ELD(settlement,maturity,issue,first_coupon,rate,pr,redemption,frequency,basis)
Important Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE
(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
Settlement is the security's settlement date. The security settlement date is the date after the issue date when the security is traded
to the buyer.
Maturity is the security's maturity date. The maturity date is the date when the security expires.
Issue is the security's issue date.
First_coupon is the security's first coupon date.
Rate is the security's interest rate.
Pr is the security's price.
Redemption is the security's redemption value per $100 face value.
Frequency is the number of coupon payments per year. For annual payments, frequency = 1; for semiannual, frequency = 2; for
quarterly, frequency = 4.
Basis is the type of day count basis to use.

Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
The settlement date is the date a buyer purchases a coupon, such as a bond. The maturity date is the date when a coupon expires.
For example, suppose a 30-year bond is issued on J anuary 1, 2008, and is purchased by a buyer six months later. The issue date
would be J anuary 1, 2008, the settlement date would be J uly 1, 2008, and the maturity date would be J anuary 1, 2038, which is 30
years after the J anuary 1, 2008, issue date.
Settlement, maturity, issue, first_coupon, and basis are truncated to integers.
If settlement, maturity, issue, or first_coupon is not a valid date, ODDFYIELD returns the #VALUE! error value.
If rate < 0 or if pr

0, ODDFYIELD returns the #NUM! error value.

If basis < 0 or if basis > 4, ODDFYIELD returns the #NUM! error value.
The following date condition must be satisfied; otherwise, ODDFYIELD returns the #NUM! error value:
maturity > first_coupon > settlement > issue
Excel uses an iterative technique to calculate ODDFYIELD. This function uses the Newton method based on the formula used for
the function ODDFPRI CE. The yield is changed through 100 iterations until the estimated price with the given yield is close to the
price. See ODDFPRICE for the formula that ODDFYIELD uses.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Basis Day count basis
0 or omitted US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360
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Note To view the number as a percentage, select the cell and click Cells on the Format menu. Click the Number tab, and then click
Percentage in the Category box.

1
2
3
4
5
6
7
8
9
10
A B
Data Description (Result)
November 11, 2008 Settlement date
March 1, 2021 Maturity date
October 15, 2008 Issue date
March 1, 2009 First coupon date
5.75% Percent coupon
84.50 Price
100 Redemptive value
2 Frequency is semiannual (see above)
0 30/360 basis (see above)
Formula Description (Result)
=ODDFYIELD
(A2,A3,A4,A5,A6,A7,A8,A9,A10)
The yield of a security that has an odd (short or long) first period, for the bond with
the terms above (0.077245542 or 7.72%)
Page 2of 2 ODDFYIELD
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ODDLPRI CE
See Also
Returns the price per $100 face value of a security having an odd (short or long) last coupon period.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
ODDLPRI CE(settlement,maturity,last_interest,rate,yld,redemption,frequency,basis)
Important Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE
(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
Settlement is the security's settlement date. The security settlement date is the date after the issue date when the security is traded
to the buyer.
Maturity is the security's maturity date. The maturity date is the date when the security expires.
Last_interest is the security's last coupon date.
Rate is the security's interest rate.
Yld is the security's annual yield.
Redemption is the security's redemption value per $100 face value.
Frequency is the number of coupon payments per year. For annual payments, frequency = 1; for semiannual, frequency = 2; for
quarterly, frequency = 4.
Basis is the type of day count basis to use.

Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
The settlement date is the date a buyer purchases a coupon, such as a bond. The maturity date is the date when a coupon expires.
For example, suppose a 30-year bond is issued on J anuary 1, 2008, and is purchased by a buyer six months later. The issue date
would be J anuary 1, 2008, the settlement date would be J uly 1, 2008, and the maturity date would be J anuary 1, 2038, which is 30
years after the J anuary 1, 2008, issue date.
Settlement, maturity, last_interest, and basis are truncated to integers.
If settlement, maturity, or last_interest is not a valid date, ODDLPRICE returns the #VALUE! error value.
If rate < 0 or if yld < 0, ODDLPRICE returns the #NUM! error value.
If basis < 0 or if basis > 4, ODDLPRICE returns the #NUM! error value.
The following date condition must be satisfied; otherwise, ODDLPRICE returns the #NUM! error value:
maturity > settlement > last_interest
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Basis Day count basis
0 or omitted US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360

1
2
A B
Data Description (Result)
February 7, 2008 Settlement date
Page 1of 2 ODDLPRICE
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3
4
5
6
7
8
9
J une 15, 2008 Maturity date
October 15, 2007 Last interest date
3.75% Percent coupon
4.05% Percent yield
$100 Redemptive value
2 Frequency is semiannual (see above)
0 30/360 basis (see above)
Formula Description (Result)
=ODDLPRICE
(A2,A3,A4,A5,A6,A7,A8,A9)
The price per $100 of a security having an odd (short or long) last coupon period, for a
bond with the above terms (99.87829)
Page 2of 2 ODDLPRICE
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ODDLYI ELD
See Also
Returns the yield of a security that has an odd (short or long) last period.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
ODDLYI ELD(settlement,maturity,last_interest,rate,pr,redemption,frequency,basis)
Important Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE
(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
Settlement is the security's settlement date. The security settlement date is the date after the issue date when the security is traded
to the buyer.
Maturity is the security's maturity date. The maturity date is the date when the security expires.
Last_interest is the security's last coupon date.
Rate is the security's interest rate.
Pr is the security's price.
Redemption is the security's redemption value per $100 face value.
Frequency is the number of coupon payments per year. For annual payments, frequency = 1; for semiannual, frequency = 2; for
quarterly, frequency = 4.
Basis is the type of day count basis to use.

Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
The settlement date is the date a buyer purchases a coupon, such as a bond. The maturity date is the date when a coupon expires.
For example, suppose a 30-year bond is issued on J anuary 1, 2008, and is purchased by a buyer six months later. The issue date
would be J anuary 1, 2008, the settlement date would be J uly 1, 2008, and the maturity date would be J anuary 1, 2038, which is 30
years after the J anuary 1, 2008, issue date.
Settlement, maturity, last_interest, and basis are truncated to integers.
If settlement, maturity, or last_interest is not a valid date, ODDLYIELD returns the #VALUE! error value.
If rate < 0 or if pr

0, ODDLYIELD returns the #NUM! error value.

If basis < 0 or if basis > 4, ODDLYIELD returns the #NUM! error value.
The following date condition must be satisfied; otherwise, ODDLYIELD returns the #NUM! error value:
maturity > settlement > last_interest
ODDLYIELD is calculated as follows:
Basis Day count basis
0 or omitted US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360
Page 1of 2 ODDLYIELD
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where:
Ai = number of accrued days for the ith, or last, quasi-coupon period within odd period counting forward from last interest date
before redemption.
DCi = number of days counted in the ith, or last, quasi-coupon period as delimited by the length of the actual coupon period.
NC = number of quasi-coupon periods that fit in odd period; if this number contains a fraction it will be raised to the next whole
number.
NLi = normal length in days of the ith, or last, quasi-coupon period within odd coupon period.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
9
A B
Data Description
April 20, 2008 Settlement date
J une 15, 2008 Maturity date
December 24, 2007 Last interest date
3.75% Percent coupon
$99.875 Price
$100 Redemption value
2 Frequency is semiannual (see above)
0 30/360 basis (see above)
Formula Description (Result)
=ODDLYIELD
(A2,A3,A4,A5,A6,A7,A8,A9)
The yield of a security that has an odd (short or long) last period, for the bond with the
terms above (0.045192)
Page 2of 2 ODDLYIELD
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PMT
See Also
Calculates the payment for a loan based on constant payments and a constant interest rate.
Syntax
PMT(rate,nper,pv,fv,type)
For a more complete description of the arguments in PMT, see the PV function.
Rate is the interest rate for the loan.
Nper is the total number of payments for the loan.
Pv is the present value, or the total amount that a series of future payments is worth now; also known as the principal.
Fv is the future value, or a cash balance you want to attain after the last payment is made. If fv is omitted, it is assumed to be 0
(zero), that is, the future value of a loan is 0.
Type is the number 0 (zero) or 1 and indicates when payments are due.

Remarks
The payment returned by PMT includes principal and interest but no taxes, reserve payments, or fees sometimes associated with
loans.
Make sure that you are consistent about the units you use for specifying rate and nper. If you make monthly payments on a four-
year loan at an annual interest rate of 12 percent, use 12%/12 for rate and 4*12 for nper. If you make annual payments on the
same loan, use 12 percent for rate and 4 for nper.
Tip
To find the total amount paid over the duration of the loan, multiply the returned PMT value by nper.
Example 1
The example may be easier to understand if you copy it to a blank worksheet.
How?
Example 2
You can use PMT to determine payments to annuities other than loans.
The example may be easier to understand if you copy it to a blank worksheet.
How?
Set type equal to If payments are due
0 or omitted At the end of the period
1 At the beginning of the period

1
2
3
4
A B
Data Description
8% Annual interest rate
10 Number of months of payments
10000 Amount of loan
Formula Description (Result)
=PMT(A2/12, A3, A4) Monthly payment for a loan with the above terms (-1,037.03)
=PMT(A2/12, A3, A4, 0,
1)
Monthly payment for a loan with the above terms, except payments are due at the beginning of the
period (-1,030.16)

1
2
3
A B
Data Description
6% Annual interest rate
18 Years you plan on saving
Page 1of 2 PMT
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Note The interest rate is divided by 12 to get a monthly rate. The number of years the money is paid out is multiplied by 12 to get the
number of payments.
4 50,000 Amount you want to have save in 18 years
Formula Description (Result)
=PMT(A2/12, A3*12, 0, A4) Amount to save each month to have 50,000 at the end of 18 years (-129.08)
Page 2of 2 PMT
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PPMT
See Also
Returns the payment on the principal for a given period for an investment based on periodic, constant payments and a constant
interest rate.
Syntax
PPMT(rate,per,nper,pv,fv,type)
For a more complete description of the arguments in PPMT, see PV.
Rate is the interest rate per period.
Per specifies the period and must be in the range 1 to nper.
Nper is the total number of payment periods in an annuity.
Pv is the present value the total amount that a series of future payments is worth now.
Fv is the future value, or a cash balance you want to attain after the last payment is made. If fv is omitted, it is assumed to be 0
(zero), that is, the future value of a loan is 0.
Type is the number 0 or 1 and indicates when payments are due.

Remark
Make sure that you are consistent about the units you use for specifying rate and nper. If you make monthly payments on a four-year
loan at 12 percent annual interest, use 12%/12 for rate and 4*12 for nper. I f you make annual payments on the same loan, use 12%
for rate and 4 for nper.
Example 1
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note The interest rate is divided by 12 to get a monthly rate. The number of years the money is paid out is multiplied by 12 to get
the number of payments.
Example 2
The example may be easier to understand if you copy it to a blank worksheet.
How?
Set type equal to If payments are due
0 or omitted At the end of the period
1 At the beginning of the period

1
2
3
4
A B
Data Description (Result)
10% Annual interest rate
2 Number of years in the loan
2000 Amount of loan
Formula Description (Result)
=PPMT(A2/12, 1, A3*12, A4) Payment on principle for the first month of loan (-75.62)

1
2
3
4
A B
Data Description (Result)
8% Annual interest rate
10 Number of years in the loan
200,000 Amount of loan
Formula Description (Result)
Page 1of 2 PPMT
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=PPMT(A2, A3, 10, A4) Principal payment for the last year of the loan with the above terms (-27,598.05)
Page 2of 2 PPMT
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PRI CE
See Also
Returns the price per $100 face value of a security that pays periodic interest.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
PRI CE(settlement,maturity,rate,yld,redemption,frequency,basis)
Important Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE
(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
Settlement is the security's settlement date. The security settlement date is the date after the issue date when the security is traded
to the buyer.
Maturity is the security's maturity date. The maturity date is the date when the security expires.
Rate is the security's annual coupon rate.
Yld is the security's annual yield.
Redemption is the security's redemption value per $100 face value.
Frequency is the number of coupon payments per year. For annual payments, frequency = 1; for semiannual, frequency = 2; for
quarterly, frequency = 4.
Basis is the type of day count basis to use.

Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
The settlement date is the date a buyer purchases a coupon, such as a bond. The maturity date is the date when a coupon expires.
For example, suppose a 30-year bond is issued on J anuary 1, 2008, and is purchased by a buyer six months later. The issue date
would be J anuary 1, 2008, the settlement date would be J uly 1, 2008, and the maturity date would be J anuary 1, 2038, which is 30
years after the J anuary 1, 2008, issue date.
Settlement, maturity, frequency, and basis are truncated to integers.
If settlement or maturity is not a valid date, PRICE returns the #VALUE! error value.
If yld < 0 or if rate < 0, PRICE returns the #NUM! error value.
If redemption

0, PRICE returns the #NUM! error value.

If frequency is any number other than 1, 2, or 4, PRICE returns the #NUM! error value.
If basis < 0 or if basis > 4, PRICE returns the #NUM! error value.
If settlement

maturity, PRICE returns the #NUM! error value.

PRI CE is calculated as follows:
Basis Day count basis
0 or omitted US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360
Page 1of 2 PRICE
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where:
DSC = number of days from settlement to next coupon date.
E = number of days in coupon period in which the settlement date falls.
N = number of coupons payable between settlement date and redemption date.
A = number of days from beginning of coupon period to settlement date.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
A B
Data Description
February 15, 2008 Settlement date
November 15, 2017 Maturity date
5.75% Percent semiannual coupon
6.50% Percent yield
$100 Redemption value
2 Frequency is semiannual (see above)
0 30/360 basis (see above)
Formula Description (Result)
=PRICE(A2,A3,A4,A5,A6,A7,A8) The bond price, for the bond with the terms above (94.63436)
Page 2of 2 PRICE
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PRI CEDI SC
See Also
Returns the price per $100 face value of a discounted security.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
PRI CEDI SC(settlement,maturity,discount,redemption,basis)
Important Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE
(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
Settlement is the security's settlement date. The security settlement date is the date after the issue date when the security is traded
to the buyer.
Maturity is the security's maturity date. The maturity date is the date when the security expires.
Discount is the security's discount rate.
Redemption is the security's redemption value per $100 face value.
Basis is the type of day count basis to use.

Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
The settlement date is the date a buyer purchases a coupon, such as a bond. The maturity date is the date when a coupon expires.
For example, suppose a 30-year bond is issued on J anuary 1, 2008, and is purchased by a buyer six months later. The issue date
would be J anuary 1, 2008, the settlement date would be J uly 1, 2008, and the maturity date would be J anuary 1, 2038, which is 30
years after the J anuary 1, 2008, issue date.
Settlement, maturity, and basis are truncated to integers.
If settlement or maturity is not a valid date, PRICEDISC returns the #VALUE! error value.
If discount

0 or if redemption

0, PRICEDISC returns the #NUM! error value.

If basis < 0 or if basis > 4, PRICEDISC returns the #NUM! error value.
If settlement

maturity, PRICEDISC returns the #NUM! error value.

PRI CEDISC is calculated as follows:

where:
B = number of days in year, depending on year basis.
DSM = number of days from settlement to maturity.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Basis Day count basis
0 or omitted US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360
A B
Page 1of 2 PRICEDISC
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1
2
3
4
5
6
Data Description
February 16, 2008 Settlement date
March 1, 2008 Maturity date
5.25% Percent discount rate
$100 Redemption value
2 Actual/360 basis (see above)
Formula Description (Result)
=PRICEDISC(A2,A3,A4,A5,A6) The bond price, for the bond with the terms above (99.79583)
Page 2of 2 PRICEDISC
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PRI CEMAT
See Also
Returns the price per $100 face value of a security that pays interest at maturity.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
PRI CEMAT(settlement,maturity,issue,rate,yld,basis)
Important Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE
(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
Settlement is the security's settlement date. The security settlement date is the date after the issue date when the security is traded
to the buyer.
Maturity is the security's maturity date. The maturity date is the date when the security expires.
Issue is the security's issue date, expressed as a serial date number.
Rate is the security's interest rate at date of issue.
Yld is the security's annual yield.
Basis is the type of day count basis to use.

Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
The settlement date is the date a buyer purchases a coupon, such as a bond. The maturity date is the date when a coupon expires.
For example, suppose a 30-year bond is issued on J anuary 1, 2008, and is purchased by a buyer six months later. The issue date
would be J anuary 1, 2008, the settlement date would be J uly 1, 2008, and the maturity date would be J anuary 1, 2038, which is 30
years after the J anuary 1, 2008, issue date.
Settlement, maturity, issue, and basis are truncated to integers.
If settlement, maturity, or issue is not a valid date, PRICEMAT returns the #VALUE! error value.
I f rate < 0 or if yld < 0, PRI CEMAT returns the #NUM! error value.
If basis < 0 or if basis > 4, PRICEMAT returns the #NUM! error value.
If settlement

maturity, PRICEMAT returns the #NUM! error value.

PRI CEMAT is calculated as follows:

where:
B = number of days in year, depending on year basis.
DSM = number of days from settlement to maturity.
DIM = number of days from issue to maturity.
A = number of days from issue to settlement.
Example
Basis Day count basis
0 (zero) or omitted US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360
Page 1of 2 PRICEMAT
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The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
A B
Data Description
February 15, 2008 Settlement date
April 13, 2008 Maturity date
November 11, 2007 Issue date
6.1% Percent semiannual coupon
6.1% Percent yield
0 30/360 basis (see above)
Formula Description (Result)
=PRICEMAT(A2,A3,A4,A5,A6,A7) The price, for the bond with the terms above (99.98449888)
Page 2of 2 PRICEMAT
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PV
See Also
Returns the present value of an investment. The present value is the total amount that a series of future payments is worth now.
For example, when you borrow money, the loan amount is the present value to the lender.
Syntax
PV(rate,nper,pmt,fv,type)
Rate is the interest rate per period. For example, if you obtain an automobile loan at a 10 percent annual interest rate and make
monthly payments, your interest rate per month is 10%/12, or 0.83%. You would enter 10%/12, or 0.83%, or 0.0083, into the formula
as the rate.
Nper is the total number of payment periods in an annuity. For example, if you get a four-year car loan and make monthly payments,
your loan has 4*12 (or 48) periods. You would enter 48 into the formula for nper.
Pmt is the payment made each period and cannot change over the life of the annuity. Typically, pmt includes principal and interest
but no other fees or taxes. For example, the monthly payments on a $10,000, four-year car loan at 12 percent are $263.33. You would
enter -263.33 into the formula as the pmt. I f pmt is omitted, you must include the fv argument.
Fv is the future value, or a cash balance you want to attain after the last payment is made. If fv is omitted, it is assumed to be 0 (the
future value of a loan, for example, is 0). For example, if you want to save $50,000 to pay for a special project in 18 years, then
$50,000 is the future value. You could then make a conservative guess at an interest rate and determine how much you must save
each month. If fv is omitted, you must include the pmt argument.
Type is the number 0 or 1 and indicates when payments are due.

Remarks
Make sure that you are consistent about the units you use for specifying rate and nper. If you make monthly payments on a four-
year loan at 12 percent annual interest, use 12%/12 for rate and 4*12 for nper. I f you make annual payments on the same loan,
use 12% for rate and 4 for nper.
The following functions apply to annuities:

An annuity is a series of constant cash payments made over a continuous period. For example, a car loan or a mortgage is an
annuity. For more information, see the description for each annuity function.
In annuity functions, cash you pay out, such as a deposit to savings, is represented by a negative number; cash you receive, such
as a dividend check, is represented by a positive number. For example, a $1,000 deposit to the bank would be represented by the
argument -1000 if you are the depositor and by the argument 1000 if you are the bank.
Microsoft Excel solves for one financial argument in terms of the others. If rate is not 0, then:

I f rate is 0, then:
(pmt * nper) + pv + fv = 0
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Set type equal to If payments are due
0 or omitted At the end of the period
1 At the beginning of the period
CUMIPMT PPMT
CUMPRINC PV
FV RATE
FVSCHEDULE XIRR
IPMT XNPV
PMT
Page 1of 2 PV
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The result is negative because it represents money that you would pay, an outgoing cash flow. I f you are asked to pay (60,000) for the
annuity, you would determine this would not be a good investment because the present value of the annuity (59,777.15) is less than
what you are asked to pay.
Note The interest rate is divided by 12 to get a monthly rate. The years the money is paid out is multiplied by 12 to get the number of
payments.

1
2
3
4
A B
Data Description
500 Money paid out of an insurance annuity at the end of every month
8% Interest rate earned on the money paid out
20 Years the money will be paid out
Formula Description (Result)
=PV(A3/12, 12*A4, A2, , 0) Present value of an annuity with the terms above (-59,777.15).
Page 2of 2 PV
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RATE
See Also
Returns the interest rate per period of an annuity. RATE is calculated by iteration and can have zero or more solutions. If the
successive results of RATE do not converge to within 0.0000001 after 20 iterations, RATE returns the #NUM! error value.
Syntax
RATE(nper,pmt,pv,fv,type,guess)
For a complete description of the arguments nper, pmt, pv, fv, and type, see PV.
Nper is the total number of payment periods in an annuity.
Pmt is the payment made each period and cannot change over the life of the annuity. Typically, pmt includes principal and interest
but no other fees or taxes. If pmt is omitted, you must include the fv argument.
Pv is the present value the total amount that a series of future payments is worth now.
Fv is the future value, or a cash balance you want to attain after the last payment is made. If fv is omitted, it is assumed to be 0 (the
future value of a loan, for example, is 0).
Type is the number 0 or 1 and indicates when payments are due.

Guess is your guess for what the rate will be.
If you omit guess, it is assumed to be 10 percent.
If RATE does not converge, try different values for guess. RATE usually converges if guess is between 0 and 1.
Remark
Make sure that you are consistent about the units you use for specifying guess and nper. If you make monthly payments on a four-
year loan at 12 percent annual interest, use 12%/12 for guess and 4*12 for nper. I f you make annual payments on the same loan, use
12% for guess and 4 for nper.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note The number of years of the loan is multiplied by 12 to get the number of months.
Set type equal to If payments are due
0 or omitted At the end of the period
1 At the beginning of the period

1
2
3
4
A B
Data Description
4 Years of the loan
-200 Monthly payment
8000 Amount of the loan
Formula Description (Result)
=RATE(A2*12, A3, A4) Monthly rate of the loan with the above terms (1%)
=RATE(A2*12, A3, A4)*12 Annual rate of the loan with the above terms (0.09241767 or 9.24%)
Page 1of 1 RATE
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RECEI VED
See Also
Returns the amount received at maturity for a fully invested security.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
RECEI VED(settlement,maturity,investment,discount,basis)
Important Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE
(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
Settlement is the security's settlement date. The security settlement date is the date after the issue date when the security is traded
to the buyer.
Maturity is the security's maturity date. The maturity date is the date when the security expires.
Investment is the amount invested in the security.
Discount is the security's discount rate.
Basis is the type of day count basis to use.

Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
The settlement date is the date a buyer purchases a coupon, such as a bond. The maturity date is the date when a coupon expires.
For example, suppose a 30-year bond is issued on J anuary 1, 2008, and is purchased by a buyer six months later. The issue date
would be J anuary 1, 2008, the settlement date would be J uly 1, 2008, and the maturity date would be J anuary 1, 2038, which is 30
years after the J anuary 1, 2008, issue date.
Settlement, maturity, and basis are truncated to integers.
If settlement or maturity is not a valid date, RECEIVED returns the #VALUE! error value.
If investment

0 or if discount

0, RECEIVED returns the #NUM! error value.

If basis < 0 or if basis > 4, RECEIVED returns the #NUM! error value.
If settlement

maturity, RECEIVED returns the #NUM! error value.

RECEI VED is calculated as follows:

where:
B = number of days in a year, depending on the year basis.
DIM = number of days from issue to maturity.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Basis Day count basis
0 or omitted US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360
Page 1of 2 RECEIVED
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1
2
3
4
5
6
A B
Data Description
February 15, 2008 Settlement (issue) date
May 15, 2008 Maturity date
1,000,000 Investment
5.75% Percent discount rate
2 Actual/360 basis (see above)
Formula Description (Result)
=RECEIVED(A2,A3,A4,A5,A6) The total amount to be received at maturity, for the bond with the terms above (1014584.654)
Page 2of 2 RECEIVED
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SLN
See Also
Returns the straight-line depreciation of an asset for one period.
Syntax
SLN(cost,salvage,life)
Cost is the initial cost of the asset.
Salvage is the value at the end of the depreciation (sometimes called the salvage value of the asset).
Life is the number of periods over which the asset is depreciated (sometimes called the useful life of the asset).
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Data Description
30,000 Cost
7,500 Salvage value
10 Years of useful life
Formula Description (Result)
=SLN(A2, A3, A4) The depreciation allowance for each year (2,250)
Page 1of 1 SLN
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SYD
See Also
Returns the sum-of-years' digits depreciation of an asset for a specified period.
Syntax
SYD(cost,salvage,life,per)
Cost is the initial cost of the asset.
Salvage is the value at the end of the depreciation (sometimes called the salvage value of the asset).
Life is the number of periods over which the asset is depreciated (sometimes called the useful life of the asset).
Per is the period and must use the same units as life.
Remark
SYD is calculated as follows:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Data Description
30,000 Initial cost
7,500 Salvage value
10 Lifespan in years
Formula Description (Result)
=SYD(A2,A3,A4,1) Yearly depreciation allowance for the first year (4,090.91)
=SYD(A2,A3,A4,10) Yearly depreciation allowance for the tenth year (409.09)
Page 1of 1 SYD
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TBI LLEQ
See Also
Returns the bond-equivalent yield for a Treasury bill.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
TBI LLEQ(settlement,maturity,discount)
Important Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE
(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
Settlement is the Treasury bill's settlement date. The security settlement date is the date after the issue date when the Treasury bill
is traded to the buyer.
Maturity is the Treasury bill's maturity date. The maturity date is the date when the Treasury bill expires.
Discount is the Treasury bill's discount rate.
Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
Settlement and maturity are truncated to integers.
If settlement or maturity is not a valid date, TBILLEQ returns the #VALUE! error value.
If discount

0, TBILLEQ returns the #NUM! error value.

If settlement > maturity, or if maturity is more than one year after settlement, TBILLEQ returns the #NUM! error value.
TBI LLEQ is calculated as TBI LLEQ = (365 x rate)/(360-(rate x DSM)), where DSM is the number of days between settlement and
maturity computed according to the 360 days per year basis.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note To view the number as a percent, select the cell and click Cells on the Format menu. Click the Number tab, and then click
Percentage in the Category box.

1
2
3
4
A B
Data Description
March 31, 2008 Settlement date
J une 1, 2008 Maturity date
9.14% Percent discount rate
Formula Description (Result)
=TBILLEQ(A2,A3,A4) The bond equivalent yield, for the Treasury bill with the terms above (0.094151 or 9.42%)
Page 1of 1 TBILLEQ
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TBI LLPRI CE
See Also
Returns the price per $100 face value for a Treasury bill.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
TBI LLPRI CE(settlement,maturity,discount)
Important Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE
(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
Settlement is the Treasury bill's settlement date. The security settlement date is the date after the issue date when the Treasury bill
is traded to the buyer.
Maturity is the Treasury bill's maturity date. The maturity date is the date when the Treasury bill expires.
Discount is the Treasury bill's discount rate.
Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
Settlement and maturity are truncated to integers.
If settlement or maturity is not a valid date, TBILLPRICE returns the #VALUE! error value.
If discount

0, TBILLPRICE returns the #NUM! error value.

If settlement > maturity, or if maturity is more than one year after settlement, TBILLPRI CE returns the #NUM! error value.
TBILLPRI CE is calculated as follows:

where:
DSM = number of days from settlement to maturity, excluding any maturity date that is more than one calendar year after the
settlement date.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Data Description
March 31, 2008 Settlement date
J une 1, 2008 Maturity date
9% Percent discount rate
Formula Description (Result)
=TBILLPRICE(A2,A3,A4) The price, for the Treasury bill with the terms above (98.45)
Page 1of 1 TBILLPRICE
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TBI LLYI ELD
See Also
Returns the yield for a Treasury bill.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
TBI LLYI ELD(settlement,maturity,pr)
Important Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE
(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
Settlement is the Treasury bill's settlement date. The security settlement date is the date after the issue date when the Treasury bill
is traded to the buyer.
Maturity is the Treasury bill's maturity date. The maturity date is the date when the Treasury bill expires.
Pr is the Treasury bill's price per $100 face value.
Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
Settlement and maturity are truncated to integers.
If settlement or maturity is not a valid date, TBILLYIELD returns the #VALUE! error value.
If pr

0, TBILLYIELD returns the #NUM! error value.

If settlement

maturity, or if maturity is more than one year after settlement, TBILLYIELD returns the #NUM! error value.
TBILLYIELD is calculated as follows:

where:
DSM = number of days from settlement to maturity, excluding any maturity date that is more than one calendar year after the
settlement date.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Data Description
March 31, 2008 Settlement date
J une 1, 2008 Maturity date
98.45 Price per $100 face value
Formula Description (Result)
=TBILLYIELD(A2,A3,A4) The yield, for the treasury bill with the terms above (0.091417 or 9.1417 percent)
Page 1of 1 TBILLYIELD
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VDB
See Also
Returns the depreciation of an asset for any period you specify, including partial periods, using the double-declining balance
method or some other method you specify. VDB stands for variable declining balance.
Syntax
VDB(cost,salvage,life,start_period,end_period,factor,no_switch)
Cost is the initial cost of the asset.
Salvage is the value at the end of the depreciation (sometimes called the salvage value of the asset).
Life is the number of periods over which the asset is depreciated (sometimes called the useful life of the asset).
Start_period is the starting period for which you want to calculate the depreciation. Start_period must use the same units as life.
End_period is the ending period for which you want to calculate the depreciation. End_period must use the same units as life.
Factor is the rate at which the balance declines. If factor is omitted, it is assumed to be 2 (the double-declining balance method).
Change factor if you do not want to use the double-declining balance method. For a description of the double-declining balance
method, see DDB.
No_switch is a logical value specifying whether to switch to straight-line depreciation when depreciation is greater than the declining
balance calculation.
If no_switch is TRUE, Microsoft Excel does not switch to straight-line depreciation even when the depreciation is greater than the
declining balance calculation.
If no_switch is FALSE or omitted, Excel switches to straight-line depreciation when depreciation is greater than the declining
balance calculation.
All arguments except no_switch must be positive numbers.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note The results are rounded to two decimal places.

1
2
3
4
A B
Data Description
2400 Initial cost
300 Salvage value
10 Lifetime in years
Formula Description (Result)
=VDB(A2, A3,
A4*365, 0, 1)
First day's depreciation. Excel automatically assumes that factor is 2 (1.32)
=VDB(A2, A3,
A4*12, 0, 1)
First month's depreciation (40.00)
=VDB(A2, A3, A4,
0, 1)
First year's depreciation (480.00)
=VDB(A2, A3,
A4*12, 6, 18)
Depreciation between the sixth month and the eighteenth month (396.31)
=VDB(A2, A3,
A4*12, 6, 18, 1.5)
Depreciation between the sixth month and the eighteenth month using a factor of 1.5 instead of the double-
declining balance method (311.81)
=VDB(A2, A3, A4,
0, 0.875, 1.5)
Depreciation for the first fiscal year that you own the asset, assuming that tax laws limit you to 150-percent
depreciation of the declining balance. Asset is purchased in the middle of the first quarter of the fiscal year.
(315.00)
Page 1of 1 VDB
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XI RR
See Also
Returns the internal rate of return for a schedule of cash flows that is not necessarily periodic. To calculate the internal rate of
return for a series of periodic cash flows, use the IRR function.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
XI RR(values,dates,guess)
Values is a series of cash flows that corresponds to a schedule of payments in dates. The first payment is optional and corresponds
to a cost or payment that occurs at the beginning of the investment. If the first value is a cost or payment, it must be a negative value.
All succeeding payments are discounted based on a 365-day year. The series of values must contain at least one positive and one
negative value.
Dates is a schedule of payment dates that corresponds to the cash flow payments. The first payment date indicates the beginning of
the schedule of payments. All other dates must be later than this date, but they may occur in any order. Dates should be entered by
using the DATE function, or as results of other formulas or functions. For example, use DATE(2008,5,23) for the 23rd day of May,
2008. Problems can occur if dates are entered as text.
Guess is a number that you guess is close to the result of XIRR.
Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
Numbers in dates are truncated to integers.
XIRR expects at least one positive cash flow and one negative cash flow; otherwise, XIRR returns the #NUM! error value.
If any number in dates is not a valid date, XIRR returns the #VALUE! error value.
If any number in dates precedes the starting date, XIRR returns the #NUM! error value.
If values and dates contain a different number of values, XIRR returns the #NUM! error value.
In most cases you do not need to provide guess for the XIRR calculation. If omitted, guess is assumed to be 0.1 (10 percent).
XIRR is closely related to XNPV, the net present value function. The rate of return calculated by XIRR is the interest rate
corresponding to XNPV = 0.
Excel uses an iterative technique for calculating XIRR. Using a changing rate (starting with guess), XI RR cycles through the
calculation until the result is accurate within 0.000001 percent. I f XIRR can't find a result that works after 100 tries, the #NUM!
error value is returned. The rate is changed until:

where:
di = the ith, or last, payment date.
d1 = the 0th payment date.
Pi = the ith, or last, payment.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Values Dates
-10,000 J anuary 1, 2008
2,750 March 1, 2008
4,250 October 30, 2008
Page 1of 2 XIRR
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Note To view the number as a percentage, select the cell and click Cells on the Format menu. Click the Number tab, and then click
Percentage in the Category box.
5
6
3,250 February 15, 2009
2,750 April 1, 2009
Formula Description (Result)
=XI RR(A2:A6,B2:B6,0.1) The internal rate of return (0.373362535 or 37.34%)
Page 2of 2 XIRR
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XNPV
See Also
Returns the net present value for a schedule of cash flows that is not necessarily periodic. To calculate the net present value for a
series of cash flows that is periodic, use the NPV function.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
XNPV(rate,values,dates)
Rate is the discount rate to apply to the cash flows.
Values is a series of cash flows that corresponds to a schedule of payments in dates. The first payment is optional and corresponds
to a cost or payment that occurs at the beginning of the investment. If the first value is a cost or payment, it must be a negative value.
All succeeding payments are discounted based on a 365-day year. The series of values must contain at least one positive value and one
negative value.
Dates is a schedule of payment dates that corresponds to the cash flow payments. The first payment date indicates the beginning of
the schedule of payments. All other dates must be later than this date, but they may occur in any order.
Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
Numbers in dates are truncated to integers.
If any argument is nonnumeric, XNPV returns the #VALUE! error value.
If any number in dates is not a valid date, XNPV returns the #VALUE! error value.
If any number in dates precedes the starting date, XNPV returns the #NUM! error value.
If values and dates contain a different number of values, XNPV returns the #NUM! error value.
XNPV is calculated as follows:

where:
di = the ith, or last, payment date.
d1 = the 0th payment date.
Pi = the ith, or last, payment.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
A B
Values Dates
-10,000 J anuary 1, 2008
2,750 March 1, 2008
4,250 October 30, 2008
3,250 February 15, 2009
2,750 April 1, 2009
Formula Description (Result)
=XNPV
(.09,A2:A6,B2:B6)
The net present value for an investment with the above cost and returns. The cash flows are discounted
at 9 percent. (2086.6476 or 2086.65)
Page 1of 1 XNPV
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YI ELD
See Also
Returns the yield on a security that pays periodic interest. Use YIELD to calculate bond yield.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
YI ELD(settlement,maturity,rate,pr,redemption,frequency,basis)
Important Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE
(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
Settlement is the security's settlement date. The security settlement date is the date after the issue date when the security is traded
to the buyer.
Maturity is the security's maturity date. The maturity date is the date when the security expires.
Rate is the security's annual coupon rate.
Pr is the security's price per $100 face value.
Redemption is the security's redemption value per $100 face value.
Frequency is the number of coupon payments per year. For annual payments, frequency = 1; for semiannual, frequency = 2; for
quarterly, frequency = 4.
Basis is the type of day count basis to use.

Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
The settlement date is the date a buyer purchases a coupon, such as a bond. The maturity date is the date when a coupon expires.
For example, suppose a 30-year bond is issued on J anuary 1, 2008, and is purchased by a buyer six months later. The issue date
would be J anuary 1, 2008, the settlement date would be J uly 1, 2008, and the maturity date would be J anuary 1, 2038, which is 30
years after the J anuary 1, 2008, issue date.
Settlement, maturity, frequency, and basis are truncated to integers.
If settlement or maturity is not a valid date, YIELD returns the #VALUE! error value.
If rate < 0, YIELD returns the #NUM! error value.
If pr

0 or if redemption

0, YIELD returns the #NUM! error value.

If frequency is any number other than 1, 2, or 4, YI ELD returns the #NUM! error value.
If basis < 0 or if basis > 4, YIELD returns the #NUM! error value.
If settlement

maturity, YIELD returns the #NUM! error value.

If there is one coupon period or less until redemption, YIELD is calculated as follows:

where:
A = number of days from the beginning of the coupon period to the settlement date (accrued days).
Basis Day count basis
0 or omitted US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360
Page 1of 2 YIELD
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DSR = number of days from the settlement date to the redemption date.
E = number of days in the coupon period.
If there is more than one coupon period until redemption, YIELD is calculated through a hundred iterations. The resolution uses the
Newton method, based on the formula used for the function PRICE. The yield is changed until the estimated price given the yield is
close to price.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note To view the number as a percentage, select the cell and click Cells on the Format menu. Click the Number tab, and then click
Percentage in the Category box.

1
2
3
4
5
6
7
8
A B
Data Description
February 15, 2008 Settlement date
November 15, 2016 Maturity date
5.75% Percent coupon
95.04287 Price
$100 Redemption value
2 Frequency is semiannual (see above)
0 30/360 basis (see above)
Formula Description (Result)
=YI ELD(A2,A3,A4,A5,A6,A7,A8) The yield, for the bond with the terms above (0.065 or 6.5%)
Page 2of 2 YIELD
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YI ELDDI SC
See Also
Returns the annual yield for a discounted security.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
YI ELDDI SC(settlement,maturity,pr,redemption,basis)
Important Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE
(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
Settlement is the security's settlement date. The security settlement date is the date after the issue date when the security is traded
to the buyer.
Maturity is the security's maturity date. The maturity date is the date when the security expires.
Pr is the security's price per $100 face value.
Redemption is the security's redemption value per $100 face value.
Basis is the type of day count basis to use.

Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
The settlement date is the date a buyer purchases a coupon, such as a bond. The maturity date is the date when a coupon expires.
For example, suppose a 30-year bond is issued on J anuary 1, 2008, and is purchased by a buyer six months later. The issue date
would be J anuary 1, 2008, the settlement date would be J uly 1, 2008, and the maturity date would be J anuary 1, 2038, which is 30
years after the J anuary 1, 2008, issue date.
Settlement, maturity, and basis are truncated to integers.
If settlement or maturity is not a valid date, YIELDDISC returns the #VALUE! error value.
If pr

0 or if redemption

0, YIELDDISC returns the #NUM! error value.

If basis < 0 or if basis > 4, YIELDDISC returns the #NUM! error value.
If settlement

maturity, YIELDDI SC returns the #NUM! error value.

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Basis Day count basis
0 or omitted US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360

1
2
3
4
5
6
A B
Data Description
February 16, 2008 Settlement date
March 1, 2008 Maturity date
99.795 Price
$100 Redemption value
2 Actual/360 basis
Formula Description (Result)
Page 1of 2 YIELDDISC
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Note To view the number as a percentage, select the cell and click Cells on the Format menu. Click the Number tab, and then click
Percentage in the Category box.
=YI ELDDISC(A2,A3,A4,A5,A6) The yield, for the bond with the terms above (0.052823 or 5.28%)
Page 2of 2 YIELDDISC
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YI ELDMAT
See Also
Returns the annual yield of a security that pays interest at maturity.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
YI ELDMAT(settlement,maturity,issue,rate,pr,basis)
Important Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE
(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
Settlement is the security's settlement date. The security settlement date is the date after the issue date when the security is traded
to the buyer.
Maturity is the security's maturity date. The maturity date is the date when the security expires.
Issue is the security's issue date, expressed as a serial date number.
Rate is the security's interest rate at date of issue.
Pr is the security's price per $100 face value.
Basis is the type of day count basis to use.

Remarks
Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial
number 1, and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Microsoft Excel for the
Macintosh uses a different date system as its default.
The settlement date is the date a buyer purchases a coupon, such as a bond. The maturity date is the date when a coupon expires.
For example, suppose a 30-year bond is issued on J anuary 1, 2008, and is purchased by a buyer six months later. The issue date
would be J anuary 1, 2008, the settlement date would be J uly 1, 2008, and the maturity date would be J anuary 1, 2038, which is 30
years after the J anuary 1, 2008, issue date.
Settlement, maturity, issue, and basis are truncated to integers.
If settlement, maturity, or issue is not a valid date, YIELDMAT returns the #VALUE! error value.
If rate < 0 or if pr

0, YIELDMAT returns the #NUM! error value.

If basis < 0 or if basis > 4, YIELDMAT returns the #NUM! error value.
If settlement

maturity, YIELDMAT returns the #NUM! error value.

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Basis Day count basis
0 or omitted US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360

1
2
3
4
5
6
A B
Data Description
March 15, 2008 Settlement date
November 3, 2008 Maturity date
November 8, 2007 Issue date
6.25% Percent semiannual coupon
100.0123 Price
Page 1of 2 YIELDMAT
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Note To view the number as a percentage, select the cell and click Cells on the Format menu. Click the Number tab, and then click
Percentage in the Category box.
7 0 30/360 basis (see above)
Formula Description (Result)
=YIELDMAT(A2,A3,A4,A5,A6,A7) The yield, for the bond with the terms above (0.060954 or 6.09%)
Page 2of 2 YIELDMAT
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CELL
See Also
Returns information about the formatting, location, or contents of the upper-left cell in a reference.
Syntax
CELL(info_ type,reference)
Info_type is a text value that specifies what type of cell information you want. The following list shows the possible values of
info_type and the corresponding results.
Reference is the cell that you want information about. If omitted, information specified in info_type is returned for the last cell that
was changed. The following list describes the text values CELL returns when info_type is "format", and reference is a cell formatted
with a built-in number format.
Info_type Returns
"address" Reference of the first cell in reference, as text.
"col" Column number of the cell in reference.
"color" 1 if the cell is formatted in color for negative values; otherwise returns 0 (zero).
"contents" Value of the upper-left cell in reference; not a formula.
"filename" Filename (including full path) of the file that contains reference, as text. Returns empty text ("") if the worksheet that
contains reference has not yet been saved.
"format" Text value corresponding to the number format of the cell. The text values for the various formats are shown in the
following table. Returns "-" at the end of the text value if the cell is formatted in color for negative values. Returns "()"
at the end of the text value if the cell is formatted with parentheses for positive or all values.
"parentheses" 1 if the cell is formatted with parentheses for positive or all values; otherwise returns 0.
"prefix" Text value corresponding to the "label prefix" of the cell. Returns single quotation mark (') if the cell contains left-
aligned text, double quotation mark (") if the cell contains right-aligned text, caret (^) if the cell contains centered text,
backslash (\) if the cell contains fill-aligned text, and empty text ("") if the cell contains anything else.
"protect" 0 if the cell is not locked, and 1 if the cell is locked.
"row" Row number of the cell in reference.
"type" Text value corresponding to the type of data in the cell. Returns "b" for blank if the cell is empty, "l" for label if the cell
contains a text constant, and "v" for value if the cell contains anything else.
"width" Column width of the cell rounded off to an integer. Each unit of column width is equal to the width of one character in
the default font size.
If the Microsoft Excel format is CELL returns
General "G"
0 "F0"
#,##0 ",0"
0.00 "F2"
#,##0.00 ",2"
$#,##0_);($#,##0) "C0"
$#,##0_);[Red]($#,##0) "C0-"
$#,##0.00_);($#,##0.00) "C2"
$#,##0.00_);[Red]($#,##0.00) "C2-"
0% "P0"
0.00% "P2"
0.00E+00 "S2"
# ?/? or # ??/?? "G"
m/d/yy or m/d/yy h:mm or mm/dd/yy "D4"
d-mmm-yy or dd-mmm-yy "D1"
d-mmm or dd-mmm "D2"
mmm-yy "D3"
mm/dd "D5"
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If the info_type argument in the CELL formula is "format", and if the cell is formatted later with a custom format, then you must
recalculate the worksheet to update the CELL formula.
Remark
The CELL function is provided for compatibility with other spreadsheet programs.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
h:mm AM/PM "D7"
h:mm:ss AM/PM "D6"
h:mm "D9"
h:mm:ss "D8"

1
2
3
A
Data
5-Mar
TOTAL
Formula Description (Result)
=CELL("row",A20) The row number of cell A20 (20)
=CELL("format", A2) The format code of the first string (D2, see above)
=CELL("contents", A3) The content of cell A3 (TOTAL)
Page 2of 2 CELL
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ERROR.TYPE
See Also
Returns a number corresponding to one of the error values in Microsoft Excel or returns the #N/A error if no error exists. You can
use ERROR.TYPE in an IF function to test for an error value and return a text string, such as a message, instead of the error value.
Syntax
ERROR.TYPE(error_ val)
Error_val is the error value whose identifying number you want to find. Although error_val can be the actual error value, it will
usually be a reference to a cell containing a formula that you want to test.

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
If error_val is ERROR.TYPE returns
#NULL! 1
#DIV/0! 2
#VALUE! 3
#REF! 4
#NAME? 5
#NUM! 6
#N/A 7
Anything else #N/A

1
2
3
A
Data
#NULL!
=1/0
Formula Description (Result)
=ERROR.TYPE(A2) Number of the #NULL! error (1)
=IF(ERROR.TYPE(A3)<3,CHOOSE
(ERROR.TYPE(A3),"Ranges do not
intersect","The divisor is zero"))
Checks cell A3 to see whether the cell contains either the #NULL! error value or the
#DIV/0! error value. If it does, then the number for the error value is used in the
CHOOSE worksheet function to display one of two messages; otherwise, the #N/A error
value is returned. (The divisor is zero.)
Page 1of 1 ERROR.TYPE
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I NFO
See Also
Security Use this feature with caution. Sensitive or confidential information could be revealed to other users.
Returns information about the current operating environment.
Syntax
INFO(type_ text)
Type_text is text that specifies what type of information you want returned.

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Type_text Returns
"directory" Path of the current directory or folder.
"memavail" Amount of memory available, in bytes.
"memused" Amount of memory being used for data.
"numfile" Number of active worksheets in the open workbooks.
"origin" Absolute A1-style reference, as text, prepended with "$A:" for Lotus 1-2-3 release 3.x compatibility. Returns the cell
reference of the top and leftmost cell visible in the window, based on the current scrolling position.
"osversion" Current operating system version, as text.
"recalc" Current recalculation mode; returns "Automatic" or "Manual".
"release" Version of Microsoft Excel, as text.
"system" Name of the operating environment:
Macintosh = "mac"
Windows = "pcdos"
"totmem" Total memory available, including memory already in use, in bytes.

1
2
A B
Formula Description (Result)
=INFO("numfile") Number of active worksheets (varies)
=INFO("recalc") Recalculation mode for the workbook (Automatic or Manual)
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I S Functions
See Also
This section describes the nine worksheet functions used for testing the type of a value or reference.
Each of these functions, referred to collectively as the IS functions, checks the type of value and returns TRUE or FALSE depending on
the outcome. For example, the ISBLANK function returns the logical value TRUE if value is a reference to an empty cell; otherwise it
returns FALSE.
Syntax
ISBLANK(value)
ISERR(value)
ISERROR(value)
ISLOGI CAL(value)
ISNA(value)
ISNONTEXT(value)
ISNUMBER(value)
ISREF(value)
ISTEXT(value)
Value is the value you want tested. Value can be a blank (empty cell), error, logical, text, number, or reference value, or a name
referring to any of these, that you want to test.

Remarks
The value arguments of the IS functions are not converted. For example, in most other functions where a number is required, the
text value "19" is converted to the number 19. However, in the formula ISNUMBER("19"), "19" is not converted from a text value,
and the I SNUMBER function returns FALSE.
The IS functions are useful in formulas for testing the outcome of a calculation. When combined with the IF function, they provide
a method for locating errors in formulas (see the following examples).
Example 1
The example may be easier to understand if you copy it to a blank worksheet.
How?
Example 2
The example may be easier to understand if you copy it to a blank worksheet.
How?
Function Returns TRUE if
ISBLANK Value refers to an empty cell.
ISERR Value refers to any error value except #N/A.
ISERROR Value refers to any error value (#N/A, #VALUE!, #REF!, #DIV/0!, #NUM!, #NAME?, or #NULL!).
ISLOGICAL Value refers to a logical value.
ISNA Value refers to the #N/A (value not available) error value.
ISNONTEXT Value refers to any item that is not text. (Note that this function returns TRUE if value refers to a blank cell.)
ISNUMBER Value refers to a number.
ISREF Value refers to a reference.
ISTEXT Value refers to text.

1
2
3
4
A B
Formula Description (Result)
=ISLOGICAL(TRUE) Checks whether TRUE is a logical value (TRUE)
=ISLOGICAL("TRUE") Checks whether "TRUE" is a logical value (FALSE)
=I SNUMBER(4) Checks whether 4 is a number (TRUE)
A
Page 1of 2 IS Functions
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1
2
3
4
5
6
Data
Gold
Region1
#REF!
330.92
#N/A
Formula Description (Result)
=I SBLANK(A2) Checks whether cell C2 is blank (FALSE)
=ISERROR(A4) Checks whether #REF! is an error (TRUE)
=ISNA(A4) Checks whether #REF! is the #N/A error (FALSE)
=ISNA(A6) Checks whether #N/A is the #N/A error (TRUE)
=I SERR(A6) Checks whether #N/A is an error (FALSE)
=ISNUMBER(A5) Checks whether 330.92 is a number (TRUE)
=ISTEXT(A3) Checks whether Region1 is text (TRUE)
Page 2of 2 IS Functions
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N
See Also
Returns a value converted to a number.
Syntax
N(value)
Value is the value you want converted. N converts values listed in the following table.

Remarks
It is not generally necessary to use the N function in a formula, because Excel automatically converts values as necessary. This
function is provided for compatibility with other spreadsheet programs.
Excel stores dates as sequential serial numbers so they can be used in calculations. By default, J anuary 1, 1900 is serial number 1,
and J anuary 1, 2008 is serial number 39448 because it is 39,448 days after J anuary 1, 1900. Excel for the Macintosh uses a
different date system as its default.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
If value is or refers to N returns
A number That number
A date, in one of the built-in date formats available in Microsoft Excel The serial number of that date
TRUE 1
FALSE 0
An error value, such as #DIV/0! The error value
Anything else 0

1
2
3
4
5
A
Data
7
Even
TRUE
4/17/2008
Formula Description (Result)
=N(A2) Because A2 contains a number, it is returned (7)
=N(A3) Because A3 contains text, 0 is returned (0, see above)
=N(A4) Because A4 is the logical value TRUE, 1 is returned (1, see above)
=N(A5) Because A5 is a date, the serial number is returned (varies with the date system used)
=N("7") Because "7" is text, 0 is returned (0, see above)
Page 1of 1 N
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NA
See Also
Returns the error value #N/A. #N/A is the error value that means "no value is available." Use NA to mark empty cells. By entering
#N/A in cells where you are missing information, you can avoid the problem of unintentionally including empty cells in your
calculations. (When a formula refers to a cell containing #N/A, the formula returns the #N/A error value.)
Syntax
NA( )
Remarks
You must include the empty parentheses with the function name. Otherwise, Microsoft Excel will not recognize it as a function.
You can also type the value #N/A directly into a cell. The NA function is provided for compatibility with other spreadsheet
programs.
Page 1of 1 NA
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TYPE
See Also
Returns the type of value. Use TYPE when the behavior of another function depends on the type of value in a particular cell.
Syntax
TYPE(value)
Value can be any Microsoft Excel value, such as a number, text, logical value, and so on.

Remarks
TYPE is most useful when you are using functions that can accept different types of data, such as ARGUMENT and INPUT. Use
TYPE to find out what type of data is returned by a function or formula.
You cannot use TYPE to determine whether a cell contains a formula. TYPE only determines the type of the resulting, or displayed,
value. If value is a cell reference to a cell that contains a formula, TYPE returns the type of the formula's resulting value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
If value is
TYPE
returns
Number 1
Text 2
Logical value 4
Error value 16
Array (array: Used to build single formulas that produce multiple results or that operate on a group of arguments that are
arranged in rows and columns. An array range shares a common formula; an array constant is a group of constants used
as an argument.)
64

1
2
A
Data
Smith
Formula Description (Result)
=TYPE(A2) Checks the type of the value above (2)
=TYPE("Mr. "&A2) Checks the type of "Mr. Smith" (2)
=TYPE(2+A2) Checks the type of the formula, which returns the error #VALUE! (16)
=TYPE({1,2;3,4}) Checks the type of an array constant (64)
Page 1of 1 TYPE
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AND
See Also
Returns TRUE if all its arguments are TRUE; returns FALSE if one or more argument is FALSE.
Syntax
AND(logical1,logical2, ...)
Logical1, logical2, ... are 1 to 30 conditions you want to test that can be either TRUE or FALSE.
Remarks
The arguments must evaluate to logical values such as TRUE or FALSE, or the arguments must be arrays (array: Used to build
single formulas that produce multiple results or that operate on a group of arguments that are arranged in rows and columns. An
array range shares a common formula; an array constant is a group of constants used as an argument.) or references that contain
logical values.
If an array or reference argument contains text or empty cells, those values are ignored.
If the specified range contains no logical values, AND returns the #VALUE! error value.
Example 1
The example may be easier to understand if you copy it to a blank worksheet.
How?
1. Create a blank workbook or worksheet.
2. Select the example in the Help topic. Do not select the row or column headers.

Selecting an example from Help
3. Press CTRL+C.
4. In the worksheet, select cell A1, and press CTRL+V.
5. To switch between viewing the results and viewing the formulas that return the results, press CTRL+` (grave accent), or on the
Tools menu, point to Formula Auditing, and then click Formula Auditing Mode.
Example 2
The example may be easier to understand if you copy it to a blank worksheet.
How?
1. Create a blank workbook or worksheet.
2. Select the example in the Help topic. Do not select the row or column headers.

Selecting an example from Help

1
2
3
4
A B
Formula Description (Result)
=AND(TRUE, TRUE) All arguments are TRUE (TRUE)
=AND(TRUE, FALSE) One argument is FALSE (FALSE)
=AND(2+2=4, 2+3=5) All arguments evaluate to TRUE (TRUE)
Page 1of 2 AND
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3. Press CTRL+C.
4. In the worksheet, select cell A1, and press CTRL+V.
5. To switch between viewing the results and viewing the formulas that return the results, press CTRL+` (grave accent), or on the
Tools menu, point to Formula Auditing, and then click Formula Auditing Mode.

1
2
3
A
Data
50
104
Formula Description (Result)
=AND(1<A2, A2<100) Because 50 is between 1 and 100 (TRUE)
=I F(AND(1<A3, A3<100), A3, "The value
is out of range.")
Displays the second number above, if it is between 1 and 100, otherwise displays a
message (The value is out of range.)
=I F(AND(1<A2, A2<100), A2, "The value
is out of range.")
Displays the first number above, if it is between 1 and 100, otherwise displays a
message (50)
Page 2of 2 AND
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FALSE
See Also
Returns the logical value FALSE.
Syntax
FALSE( )
Remark
You can also type the word FALSE directly onto the worksheet or into the formula, and Microsoft Excel interprets it as the logical value
FALSE.
Page 1of 1 FALSE
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I F
See Also
Returns one value if a condition you specify evaluates to TRUE and another value if it evaluates to FALSE.
Use IF to conduct conditional tests on values and formulas.
Syntax
IF(logical_ test,value_ if_true,value_if_false)
Logical_test is any value or expression that can be evaluated to TRUE or FALSE. For example, A10=100 is a logical expression; if the
value in cell A10 is equal to 100, the expression evaluates to TRUE. Otherwise, the expression evaluates to FALSE. This argument can
use any comparison calculation operator.
Value_if_true is the value that is returned if logical_test is TRUE. For example, if this argument is the text string "Within budget" and
the logical_test argument evaluates to TRUE, then the IF function displays the text "Within budget". If logical_test is TRUE and
value_if_true is blank, this argument returns 0 (zero). To display the word TRUE, use the logical value TRUE for this argument.
Value_if_true can be another formula.
Value_if_false is the value that is returned if logical_test is FALSE. For example, if this argument is the text string "Over budget" and
the logical_test argument evaluates to FALSE, then the IF function displays the text "Over budget". If logical_test is FALSE and
value_if_false is omitted, (that is, after value_if_true, there is no comma), then the logical value FALSE is returned. If logical_test is
FALSE and value_if_false is blank (that is, after value_if_true, there is a comma followed by the closing parenthesis), then the value 0
(zero) is returned. Value_if_false can be another formula.
Remarks
Up to seven IF functions can be nested as value_if_true and value_if_false arguments to construct more elaborate tests. See the
last of the following examples.
When the value_if_true and value_if_false arguments are evaluated, IF returns the value returned by those statements.
If any of the arguments to IF are arrays (array: Used to build single formulas that produce multiple results or that operate on a
group of arguments that are arranged in rows and columns. An array range shares a common formula; an array constant is a group
of constants used as an argument.), every element of the array is evaluated when the IF statement is carried out.
Microsoft Excel provides additional functions that can be used to analyze your data based on a condition. For example, to count the
number of occurrences of a string of text or a number within a range of cells, use the COUNTIF worksheet function. To calculate a
sum based on a string of text or a number within a range, use the SUMIF worksheet function. Learn about calculating a value
based on a condition.
Example 1
The example may be easier to understand if you copy it to a blank worksheet.
How?
1. Create a blank workbook or worksheet.
2. Select the example in the Help topic. Do not select the row or column headers.

Selecting an example from Help
3. Press CTRL+C.
4. In the worksheet, select cell A1, and press CTRL+V.
5. To switch between viewing the results and viewing the formulas that return the results, press CTRL+` (grave accent), or on the
Tools menu, point to Formula Auditing, and then click Formula Auditing Mode.

1
2
A
Data
50
Formula Description (Result)
Page 1of 3 IF
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Example 2
The example may be easier to understand if you copy it to a blank worksheet.
How?
1. Create a blank workbook or worksheet.
2. Select the example in the Help topic. Do not select the row or column headers.

Selecting an example from Help
3. Press CTRL+C.
4. In the worksheet, select cell A1, and press CTRL+V.
5. To switch between viewing the results and viewing the formulas that return the results, press CTRL+` (grave accent), or on the
Tools menu, point to Formula Auditing, and then click Formula Auditing Mode.
Example 3
The example may be easier to understand if you copy it to a blank worksheet.
How?
1. Create a blank workbook or worksheet.
2. Select the example in the Help topic. Do not select the row or column headers.

Selecting an example from Help
3. Press CTRL+C.
4. In the worksheet, select cell A1, and press CTRL+V.
5. To switch between viewing the results and viewing the formulas that return the results, press CTRL+` (grave accent), or on the
Tools menu, point to Formula Auditing, and then click Formula Auditing Mode.
=I F(A2<=100,"Within
budget","Over budget")
If the number above is less than or equal to 100, then the formula displays "Within budget".
Otherwise, the function displays "Over budget" (Within budget)
=I F(A2=100,SUM(B5:B15),"") If the number above is 100, then the range B5:B15 is calculated. Otherwise, empty text ("") is
returned ()

1
2
3
4
A B
Actual Expenses Predicted Expenses
1500 900
500 900
500 925
Formula Description (Result)
=IF(A2>B2,"Over Budget","OK") Checks whether the first row is over budget (Over Budget)
=IF(A3>B3,"Over Budget","OK") Checks whether the second row is over budget (OK)
Page 2of 3 IF
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In the preceding example, the second IF statement is also the value_if_false argument to the first IF statement. Similarly, the third IF
statement is the value_if_false argument to the second IF statement. For example, if the first logical_test (Average>89) is TRUE, "A" is
returned. If the first logical_test is FALSE, the second IF statement is evaluated, and so on.
The letter grades are assigned to numbers using the following key.

1
2
3
4
A
Score
45
90
78
Formula Description (Result)
=I F(A2>89,"A",I F(A2>79,"B", I F(A2>69,"C",I F(A2>59,"D","F")))) Assigns a letter grade to the first score (F)
=I F(A3>89,"A",I F(A3>79,"B", I F(A3>69,"C",I F(A3>59,"D","F")))) Assigns a letter grade to the second score (A)
=I F(A4>89,"A",I F(A4>79,"B", I F(A4>69,"C",I F(A4>59,"D","F")))) Assigns a letter grade to the third score (C)
If Score is Then return
Greater than 89 A
From 80 to 89 B
From 70 to 79 C
From 60 to 69 D
Less than 60 F
Page 3of 3 IF
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About calculation operators
Operators specify the type of calculation that you want to perform on the elements of a formula. Microsoft Excel includes four different
types of calculation operators: arithmetic, comparison, text, and reference.
Types of operators
Arithmetic operators To perform basic mathematical operations such as addition, subtraction, or multiplication; combine numbers;
and produce numeric results, use the following arithmetic operators.
Comparison operators You can compare two values with the following operators. When two values are compared by using these
operators, the result is a logical value either TRUE or FALSE.
Text concatenation operator Use the ampersand (&) to join, or concatenate, one or more text strings to produce a single piece of
text.
Reference operators Combine ranges of cells for calculations with the following operators.
The order in which Excel performs operations in formulas
Formulas calculate values in a specific order. A formula in Excel always begins with an equal sign (=). The equal sign tells Excel that
the succeeding characters constitute a formula. Following the equal sign are the elements to be calculated (the operands), which are
separated by calculation operators. Excel calculates the formula from left to right, according to a specific order for each operator in the
formula.
Operator precedence
If you combine several operators in a single formula, Excel performs the operations in the order shown in the following table. If a
formula contains operators with the same precedence for example, if a formula contains both a multiplication and division operator
Excel evaluates the operators from left to right.
Arithmetic operator Meaning (Example)
+ (plus sign) Addition (3+3)
(minus sign) Subtraction (31)
Negation (1)
* (asterisk) Multiplication (3*3)
/ (forward slash) Division (3/3)
% (percent sign) Percent (20%)
^ (caret) Exponentiation (3^2)
Comparison operator Meaning (Example)
= (equal sign) Equal to (A1=B1)
> (greater than sign) Greater than (A1>B1)
< (less than sign) Less than (A1<B1)
>= (greater than or equal to sign) Greater than or equal to (A1>=B1)
<= (less than or equal to sign) Less than or equal to (A1<=B1)
<> (not equal to sign) Not equal to (A1<>B1)
Text operator Meaning (Example)
& (ampersand) Connects, or concatenates, two values to produce one continuous text value ("North"&"wind")
Reference
operator Meaning (Example)
: (colon) Range operator, which produces one reference to all the cells between two references, including the two
references (B5:B15)
, (comma) Union operator, which combines multiple references into one reference (SUM(B5:B15,D5:D15))
(space) Intersection operator, which produces on reference to cells common to the two references (B7:D7 C6:C8)
Operator Description
: (colon)
(single space)
, (comma)
Reference operators
Page 1of 2 About calculation operators
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Use of parentheses
To change the order of evaluation, enclose in parentheses the part of the formula to be calculated first. For example, the following
formula produces 11 because Excel calculates multiplication before addition. The formula multiplies 2 by 3 and then adds 5 to the
result.
=5+2*3
In contrast, if you use parentheses to change the syntax, Excel adds 5 and 2 together and then multiplies the result by 3 to produce
21.
=(5+2)*3
In the example below, the parentheses around the first part of the formula force Excel to calculate B4+25 first and then divide the
result by the sum of the values in cells D5, E5, and F5.
=(B4+25)/SUM(D5:F5)
Negation (as in 1)
% Percent
^ Exponentiation
* and / Multiplication and division
+ and Addition and subtraction
& Connects two strings of text (concatenation)
= < > <= >= <> Comparison
Page 2of 2 About calculation operators
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Create conditional formulas by using the I F function
For a result that is a logical value (TRUE or FALSE)
Use the AND, OR, and NOT functions, and operators (operator: A sign or symbol that specifies the type of calculation to perform within
an expression. There are mathematical, comparison, logical, and reference operators.) to do this task.
Worksheet example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Function details
AND
OR
NOT
For a result is another calculation, or any other value other than TRUE or FALSE.
Use the IF, AND, and OR functions to do this task.
Worksheet example
The example may be easier to understand if you copy it to a blank worksheet.
How?
The IF function uses the following arguments.

Formula with the IF function
logical_test: the condition you want to check
value_if_true: the value to return if the condition is true

1
2
3
4
A
Data
15
9
8
Formula Description (Result)
=AND(A2>A3, A2<A4) Is 15 greater than 9 and less than 8? (FALSE)
=OR(A2>A3, A2<A4) I s 15 greater than 9 or less than 8? (TRUE)
=NOT(A2+A3=24) I s 15 plus 9 not equal to 24? (FALSE)

1
2
3
4
A
Data
15
9
8
Formula Description (Result)
=I F(A2=15, "OK", "Not OK") If the value in cell A2 equals 15, then return "OK". (OK)
=I F(AND(A2>A3, A2<A4), "OK", "Not OK") I f 15 is greater than 9 and less than 8, then return "OK". (Not OK)
=IF(OR(A2>A3, A2<A4), "OK", "Not OK") I f 15 is greater than 9 or less than 8, then return "OK". (OK)
Page 1of 2 Create conditional formulas by using the IF function
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value_if_false: the value to return if the condition is false
Function details
AND
OR
IF
Page 2of 2 Create conditional formulas by using the IF function
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NOT
See Also
Reverses the value of its argument. Use NOT when you want to make sure a value is not equal to one particular value.
Syntax
NOT(logical)
Logical is a value or expression that can be evaluated to TRUE or FALSE.
Remark
If logical is FALSE, NOT returns TRUE; if logical is TRUE, NOT returns FALSE.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Formula Description (Result)
=NOT(FALSE) Reverses FALSE (TRUE)
=NOT(1+1=2) Reverses an equation that evaluates to TRUE (FALSE)
Page 1of 1 NOT
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OR
See Also
Returns TRUE if any argument is TRUE; returns FALSE if all arguments are FALSE.
Syntax
OR(logical1,logical2,...)
Logical1,logical2,... are 1 to 30 conditions you want to test that can be either TRUE or FALSE.
Remarks
The arguments must evaluate to logical values such as TRUE or FALSE, or in arrays or references that contain logical values.
If an array or reference argument contains text or empty cells, those values are ignored.
If the specified range contains no logical values, OR returns the #VALUE! error value.
You can use an OR array formula to see if a value occurs in an array. To enter an array formula, press CTRL+SHIFT+ENTER.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Formula Description (Result)
=OR(TRUE) One argument is TRUE (TRUE)
=OR(1+1=1,2+2=5) All arguments evaluate to FALSE (FALSE)
=OR(TRUE,FALSE,TRUE) At least one argument is TRUE (TRUE)
Page 1of 1 OR
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TRUE
See Also
Returns the logical value TRUE.
Syntax
TRUE( )
Remark
You can enter the value TRUE directly into cells and formulas without using this function. The TRUE function is provided primarily for
compatibility with other spreadsheet programs.
Page 1of 1 TRUE
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ADDRESS
See Also
Creates a cell address as text, given specified row and column numbers.
Syntax
ADDRESS(row_ num,column_ num,abs_num,a1,sheet_text)
Row_num is the row number to use in the cell reference.
Column_num is the column number to use in the cell reference.
Abs_num specifies the type of reference to return.

A1 is a logical value that specifies the A1 or R1C1 reference style. I f a1 is TRUE or omitted, ADDRESS returns an A1-style reference; if
FALSE, ADDRESS returns an R1C1-style reference.
Sheet_text is text specifying the name of the worksheet to be used as the external reference. If sheet_text is omitted, no sheet
name is used.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Abs_num Returns this type of reference
1 or omitted Absolute
2 Absolute row; relative column
3 Relative row; absolute column
4 Relative

1
2
3
4
5
6
A B
Formula Description (Result)
=ADDRESS(2,3) Absolute reference ($C$2)
=ADDRESS(2,3,2) Absolute row; relative column (C$2)
=ADDRESS(2,3,2,FALSE) Absolute row; relative column in R1C1 reference style (R2C[3])
=ADDRESS(2,3,1,FALSE,"[Book1]Sheet1") Absolute reference to another workbook and worksheet ([Book1]Sheet1!R2C3)
=ADDRESS(2,3,1,FALSE,"EXCEL SHEET") Absolute reference to another worksheet ('EXCEL SHEET'!R2C3)
Page 1of 1 ADDRESS
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AREAS
See Also
Returns the number of areas in a reference. An area is a range of contiguous cells or a single cell.
Syntax
AREAS(reference)
Reference is a reference to a cell or range of cells and can refer to multiple areas. If you want to specify several references as a
single argument, then you must include extra sets of parentheses so that Microsoft Excel will not interpret the comma as a field
separator. See the following example.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Formula Description (Result)
=AREAS(B2:D4) Number of areas in the range (1)
=AREAS((B2:D4,E5,F6:I 9)) Number of areas in the range (3)
=AREAS(B2:D4 B2) Number of areas in the range (1)
Page 1of 1 AREAS
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CHOOSE
See Also
Uses index_num to return a value from the list of value arguments. Use CHOOSE to select one of up to 29 values based on the
index number. For example, if value1 through value7 are the days of the week, CHOOSE returns one of the days when a number
between 1 and 7 is used as index_num.
Syntax
CHOOSE(index_ num,value1,value2,...)
Index_num specifies which value argument is selected. Index_num must be a number between 1 and 29, or a formula or reference
to a cell containing a number between 1 and 29.
If index_num is 1, CHOOSE returns value1; if it is 2, CHOOSE returns value2; and so on.
If index_num is less than 1 or greater than the number of the last value in the list, CHOOSE returns the #VALUE! error value.
If index_num is a fraction, it is truncated to the lowest integer before being used.
Value1,value2,... are 1 to 29 value arguments from which CHOOSE selects a value or an action to perform based on index_num. The
arguments can be numbers, cell references, defined names, formulas, functions, or text.
Remarks
If index_num is an array, every value is evaluated when CHOOSE is evaluated.
The value arguments to CHOOSE can be range references as well as single values.
For example, the formula:
=SUM(CHOOSE(2,A1:A10,B1:B10,C1:C10))
evaluates to:
=SUM(B1:B10)
which then returns a value based on the values in the range B1:B10.
The CHOOSE function is evaluated first, returning the reference B1:B10. The SUM function is then evaluated using B1:B10, the
result of the CHOOSE function, as its argument.
Example 1
The example may be easier to understand if you copy it to a blank worksheet.
How?
Example 2
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
A B
Data Data
1st Nails
2nd Screws
3rd Nuts
Finished Bolts
Formula Description (Result)
=CHOOSE(2,A2,A3,A4,A5) Value from the second argument A3 (2nd)
=CHOOSE(4,B2,B3,B4,B5) Value from the fourth argument B5 (Bolts)

1
2
3
4
A
Data
23
45
12
Page 1of 2 CHOOSE
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5 10
Formula Description (Result)
=SUM(A2:CHOOSE(2,A3,A4,A5)) Sums the range A2:A4 (80)
Page 2of 2 CHOOSE
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COLUMN
See Also
Returns the column number of the given reference.
Syntax
COLUMN(reference)
Reference is the cell or range of cells for which you want the column number.
If reference is omitted, it is assumed to be the reference of the cell in which the COLUMN function appears.
If reference is a range of cells, and if COLUMN is entered as a horizontal array, COLUMN returns the column numbers of reference
as a horizontal array.
Reference cannot refer to multiple areas.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Formula Description (Result)
=COLUMN() Column in which the formula appears (1)
=COLUMN(A10) Column of the reference (1)
Page 1of 1 COLUMN
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COLUMNS
See Also
Returns the number of columns in an array (array: Used to build single formulas that produce multiple results or that operate on a
group of arguments that are arranged in rows and columns. An array range shares a common formula; an array constant is a
group of constants used as an argument.) or reference.
Syntax
COLUMNS(array)
Array is an array or array formula (array formula: A formula that performs multiple calculations on one or more sets of values, and
then returns either a single result or multiple results. Array formulas are enclosed between braces { } and are entered by pressing
CTRL+SHIFT+ENTER.), or a reference to a range of cells for which you want the number of columns.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Formula Description (Result)
=COLUMNS(C1:E4) Number of columns in the reference (3)
=COLUMNS({1,2,3;4,5,6}) Number of columns in the array constant (3)
Page 1of 1 COLUMNS
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GETPI VOTDATA
See Also
Returns data stored in a PivotTable report. You can use GETPIVOTDATA to retrieve summary data from a PivotTable report,
provided the summary data is visible in the report.
Note You can quickly enter a simple GETPIVOTDATA formula by typing = in the cell you want to return the value to and then clicking
the cell in the PivotTable report that contains the data you want to return.
Syntax
GETPIVOTDATA(data_field,pivot_ table,field1,item1,field2,item2,...)
Data_field is the name, enclosed in quotation marks, for the data field that contains the data you want to retrieve.
Pivot_table is a reference to any cell, range of cells, or named range of cells in a PivotTable report. This information is used to
determine which PivotTable report contains the data you want to retrieve.
Field1, Item1, Field2, Item2 are one to 14 pairs of field names and item names that describe the data you want to retrieve. The pairs
can be in any order. Field names and names for items other than dates and numbers are enclosed in quotation marks. For OLAP
PivotTable reports, items can contain the source name of the dimension as well as the source name of the item. A field and item pair
for an OLAP PivotTable might look like this:
"[Product]","[Product].[All Products].[Foods].[Baked Goods]"
Remarks
Calculated fields or items and custom calculations are included in GETPIVOTDATA calculations.
If pivot_table is a range that includes two or more PivotTable reports, data will be retrieved from whichever report was created
most recently in the range.
If the field and item arguments describe a single cell, the value of that cell is returned regardless of whether it is a string, number,
error, and so on.
If an item contains a date, the value must be expressed as a serial number or populated by using the DATE function so that the
value will be retained if the spreadsheet is opened in a different locale. For example, an item referring to the date March 5, 1999
could be entered as 36224 or DATE(1999,3,5). Times can be entered as decimal values or by using the TIME function.
If pivot_table is not a range in which a PivotTable report is found, GETPIVOTDATA returns #REF!.
If the arguments do not describe a visible field, or if they include a page field that is not displayed, GETPIVOTDATA returns #REF!.
Examples
The range that contains the PivotTable report is:

GETPI VOTDATA( " Sal es" , $A$4) returns the grand total of the Sales field, $49,325.
GETPI VOTDATA( " Sumof Sal es" , $A$4) also returns the grand total of the Sales field, $49,325; the field name can be
entered exactly as it looks on the sheet, or as its root (without "Sum of," "Count of," and so forth).
GETPI VOTDATA( " Sal es" , $A$4, " Mont h" , " Mar ch" ) returns the grand total for March, $30,337.
GETPI VOTDATA
( " Sal es" , $A$4, " Mont h" , " Mar ch" , " Pr oduct " , " Pr oduce" , " Sal esper son" , " Buchanan" ) returns
$10,201.
GETPI VOTDATA( " Sal es" , $A$4, " Regi on" , " Sout h" ) returns #REF! because the South region data is not visible.
GETPI VOTDATA( " Sal es" , $A$4, " Pr oduct " , " Bever ages" , " Sal esper son" , " Davol i o" ) returns
#REF! because there is no total value of beverage sales for Davolio.
Page 1of 1 GETPIVOTDATA
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HLOOKUP
See Also
Searches for a value in the top row of a table or an array (array: Used to build single formulas that produce multiple results or that
operate on a group of arguments that are arranged in rows and columns. An array range shares a common formula; an array
constant is a group of constants used as an argument.) of values, and then returns a value in the same column from a row you specify
in the table or array. Use HLOOKUP when your comparison values are located in a row across the top of a table of data, and you want
to look down a specified number of rows. Use VLOOKUP when your comparison values are located in a column to the left of the data
you want to find.
The H in HLOOKUP stands for "Horizontal."
Syntax
HLOOKUP(lookup_value,table_ array,row_ index_num,range_lookup)
Lookup_value is the value to be found in the first row of the table. Lookup_value can be a value, a reference, or a text string.
Table_array is a table of information in which data is looked up. Use a reference to a range or a range name.
The values in the first row of table_array can be text, numbers, or logical values.
If range_lookup is TRUE, the values in the first row of table_array must be placed in ascending order: ...-2, -1, 0, 1, 2,... , A-Z,
FALSE, TRUE; otherwise, HLOOKUP may not give the correct value. If range_lookup is FALSE, table_array does not need to be
sorted.
Uppercase and lowercase text are equivalent.
You can put values in ascending order, left to right, by selecting the values and then clicking Sort on the Data menu. Click
Options, click Sort left to right, and then click OK. Under Sort by, click the row in the list, and then click Ascending.
Row_index_num is the row number in table_array from which the matching value will be returned. A row_index_num of 1 returns
the first row value in table_array, a row_index_num of 2 returns the second row value in table_array, and so on. I f row_index_num is
less than 1, HLOOKUP returns the #VALUE! error value; if row_index_num is greater than the number of rows on table_array,
HLOOKUP returns the #REF! error value.
Range_lookup is a logical value that specifies whether you want HLOOKUP to find an exact match or an approximate match. If TRUE
or omitted, an approximate match is returned. In other words, if an exact match is not found, the next largest value that is less than
lookup_value is returned. If FALSE, HLOOKUP will find an exact match. If one is not found, the error value #N/A is returned.
Remarks
If HLOOKUP can't find lookup_value, and range_lookup is TRUE, it uses the largest value that is less than lookup_value.
If lookup_value is smaller than the smallest value in the first row of table_array, HLOOKUP returns the #N/A error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B C
Axles Bearings Bolts
4 4 9
5 7 10
6 8 11
Formula Description (Result)
=HLOOKUP("Axles",A1:C4,2,TRUE) Looks up Axles in row 1, and returns the value from row 2 that's in the same
column. (4)
=HLOOKUP("Bearings",A1:C4,3,FALSE) Looks up Bearings in row 1, and returns the value from row 3 that's in the
same column. (7)
=HLOOKUP("B",A1:C4,3,TRUE) Looks up B in row 1, and returns the value from row 3 that's in the same
column. Because B is not an exact match, the next largest value that is less
than B is used: Axles. (5)
=HLOOKUP("Bolts",A1:C4,4) Looks up Bolts in row 1, and returns the value from row 4 that's in the same
column. (11)
=HLOOKUP(3,
{1,2,3;"a","b","c";"d","e","f"},2,TRUE)
Looks up 3 in the first row of the array constant, and returns the value from
row 2 in same column. (c)
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HYPERLI NK
See Also
Creates a shortcut or jump that opens a document stored on a network server, an intranet (intranet: A network within an
organization that uses Internet technologies (such as the HTTP or FTP protocol). By using hyperlinks, you can explore objects,
documents, pages, and other destinations on the intranet.), or the I nternet. When you click the cell that contains the HYPERLINK
function, Microsoft Excel opens the file stored at link_location.
Syntax
HYPERLI NK(link_location,friendly_name)
Link_location is the path and file name to the document to be opened as text. Link_location can refer to a place in a document
such as a specific cell or named range in an Excel worksheet or workbook, or to a bookmark in a Microsoft Word document. The path
can be to a file stored on a hard disk drive, or the path can be a universal naming convention (UNC) path on a server (in Microsoft
Excel for Windows) or a Uniform Resource Locator (URL (Uniform Resource Locator (URL): An address that specifies a protocol (such
as HTTP or FTP) and a location of an object, document, World Wide Web page, or other destination on the Internet or an intranet, for
example: http://www.microsoft.com/.)) path on the Internet or an intranet.
Link_location can be a text string enclosed in quotation marks or a cell that contains the link as a text string.
If the jump specified in link_location does not exist or cannot be navigated, an error appears when you click the cell.
Friendly_name is the jump text or numeric value that is displayed in the cell. Friendly_name is displayed in blue and is underlined. I f
friendly_name is omitted, the cell displays the link_location as the jump text.
Friendly_name can be a value, a text string, a name, or a cell that contains the jump text or value.
If friendly_name returns an error value (for example, #VALUE!), the cell displays the error instead of the jump text.
Remark
To select a cell that has a hyperlink in it without jumping to the hyperlink destination, click the cell and hold the mouse button until the
cursor becomes a cross , then release the mouse button.
Examples
The following example opens a worksheet named Budget Report.xls that is stored on the Internet at the location named
exampl e. mi cr osof t . com/ r epor t and displays the text "Click for report":
=HYPERLI NK( " ht t p: / / exampl e. mi cr osof t . com/ r epor t / budget r epor t . xl s" , " Cl i ck f or
r epor t " )
The following example creates a hyperlink to cell F10 on the worksheet named Annual in the workbook Budget Report.xls, which is
stored on the Internet at the location named exampl e. mi cr osof t . com/ r epor t . The cell on the worksheet that contains
the hyperlink displays the contents of cell D1 as the jump text:
=HYPERLI NK( " [ ht t p: / / exampl e. mi cr osof t . com/ r epor t / budget r epor t . xl s] Annual ! F10" ,
D1)
The following example creates a hyperlink to the range named DeptTotal on the worksheet named First Quarter in the workbook
Budget Report.xls, which is stored on the Internet at the location named exampl e. mi cr osof t . com/ r epor t . The cell on
the worksheet that contains the hyperlink displays the text "Click to see First Quarter Department Total":
=HYPERLI NK( " [ ht t p: / / exampl e. mi cr osof t . com/ r epor t / budget r epor t . xl s] Fi r st
Quar t er ! Dept Tot al " , " Cl i ck t o see Fi r st Quar t er Depar t ment Tot al " )
To create a hyperlink to a specific location in a Microsoft Word document, you must use a bookmark to define the location you want to
jump to in the document. The following example creates a hyperlink to the bookmark named QrtlyProfits in the document named
Annual Report.doc located at exampl e. mi cr osof t . com:
=HYPERLI NK( " [ ht t p: / / exampl e. mi cr osof t . com/ Annual Repor t . doc] Qr t l yPr of i t s" ,
" Quar t er l y Pr of i t Repor t " )
In Excel for Windows, the following example displays the contents of cell D5 as the jump text in the cell and opens the file named
1stqtr.xls, which is stored on the server named FINANCE in the Statements share. This example uses a UNC path:
=HYPERLI NK( " \ \ FI NANCE\ St at ement s\ 1st qt r . xl s" , D5)
The following example opens the file 1stqtr.xls in Excel for Windows that is stored in a directory named Finance on drive D, and
displays the numeric value stored in cell H10:
=HYPERLI NK( " D: \ FI NANCE\ 1st qt r . xl s" , H10)
In Excel for Windows, the following example creates a hyperlink to the area named Totals in another (external) workbook, Mybook.xls:
Page 1of 2 HYPERLINK
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=HYPERLI NK( " [ C: \ My Document s\ Mybook. xl s] Tot al s" )
In Microsoft Excel for the Macintosh, the following example displays "Click here" in the cell and opens the file named First Quarter that
is stored in a folder named Budget Reports on the hard drive named Macintosh HD:
=HYPERLI NK( " Maci nt osh HD: Budget Repor t s: Fi r st Quar t er " , " Cl i ck her e" )
You can create hyperlinks within a worksheet to jump from one cell to another cell. For example, if the active worksheet is the sheet
named J une in the workbook named Budget, the following formula creates a hyperlink to cell E56. The link text itself is the value in cell
E56.
=HYPERLI NK( " [ Budget ] J une! E56" , E56)
To jump to a different sheet in the same workbook, change the name of the sheet in the link. In the previous example, to create a link
to cell E56 on the September sheet, change the word "J une" to "September."
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I NDEX
See Also
Returns a value or the reference to a value from within a table or range. There are two forms of the INDEX() function:
array (array: Used to build single formulas that produce multiple results or that operate on a group of arguments that are arranged
in rows and columns. An array range shares a common formula; an array constant is a group of constants used as an argument.) and
reference. The array form always returns a value or an array of values; the reference form always returns a reference.
INDEX(array,row_num,column_num) returns the value of a specified cell or array of cells within array.
INDEX(reference,row_num,column_num,area_num) returns a reference to specified cells within reference.
Syntax 1 (array)
Syntax 2 (reference)
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I NDEX
See Also
Returns the value of an element in a table or an array (array: Used to build single formulas that produce multiple results or that
operate on a group of arguments that are arranged in rows and columns. An array range shares a common formula; an array
constant is a group of constants used as an argument.), selected by the row and column number indexes.
The INDEX function has two syntax forms: array and reference. The array form always returns a value or array of values; the reference
form always returns a reference. Use the array form if the first argument to INDEX is an array constant.
Syntax 1
Array form
INDEX(array,row_num,column_num)
Array is a range of cells or an array constant.
If array contains only one row or column, the corresponding row_num or column_num argument is optional.
If array has more than one row and more than one column, and only row_num or column_num is used, INDEX returns an array of
the entire row or column in array.
Row_num selects the row in array from which to return a value. I f row_num is omitted, column_num is required.
Column_num selects the column in array from which to return a value. If column_num is omitted, row_num is required.
Remarks
If both the row_num and column_num arguments are used, INDEX returns the value in the cell at the intersection of row_num and
column_num.
If you set row_num or column_num to 0 (zero), INDEX returns the array of values for the entire column or row, respectively. To
use values returned as an array, enter the INDEX function as an array formula (array formula: A formula that performs multiple
calculations on one or more sets of values, and then returns either a single result or multiple results. Array formulas are enclosed
between braces { } and are entered by pressing CTRL+SHIFT+ENTER.) in a horizontal range of cells for a row, and in a vertical
range of cells for a column. To enter an array formula, press CTRL+SHIFT+ENTER.
Row_num and column_num must point to a cell within array; otherwise, INDEX returns the #REF! error value.
Example 1
The example may be easier to understand if you copy it to a blank worksheet.
How?
Example 2
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note The formula in the example must be entered as an array formula. After copying the example to a blank worksheet, select the
range A2:A3 starting with the formula cell. Press F2, and then press CTRL+SHIFT+ENTER. If the formula is not entered as an array
formula, the single result is 2.

1
2
3
A B
Data Data
Apples Lemons
Bananas Pears
Formula Description (Result)
=INDEX(A2:B3,2,2) Value at the intersection of the second row and second column in the range (Pears)
=INDEX(A2:B3,2,1) Value at the intersection of the second row and first column in the range (Bananas)

1
2
3
A B
Formula Description (Result)
=I NDEX({1,2;3,4},0,2) Value in the first row, second column in the array constant (2)
Value in the second row, second column in the array constant (4)
Page 1of 1 INDEX
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I NDEX
See Also
Returns the reference of the cell at the intersection of a particular row and column. If the reference is made up of nonadjacent
selections, you can pick the selection to look in.
The INDEX function has two syntax forms: array (array: Used to build single formulas that produce multiple results or that operate on a
group of arguments that are arranged in rows and columns. An array range shares a common formula; an array constant is a group of
constants used as an argument.) and reference. The array form always returns a value or an array of values; the reference form
always returns a reference.
Syntax 2
Reference form
INDEX(reference,row_num,column_num,area_num)
Reference is a reference to one or more cell ranges.
If you are entering a nonadjacent range for the reference, enclose reference in parentheses.
If each area in reference contains only one row or column, the row_num or column_num argument, respectively, is optional. For
example, for a single row reference, use INDEX(reference,,column_num).
Row_num is the number of the row in reference from which to return a reference.
Column_num is the number of the column in reference from which to return a reference.
Area_num selects a range in reference from which to return the intersection of row_num and column_num. The first area selected or
entered is numbered 1, the second is 2, and so on. If area_num is omitted, INDEX uses area 1.
For example, if reference describes the cells (A1:B4,D1:E4,G1:H4), then area_num 1 is the range A1:B4, area_num 2 is the range
D1:E4, and area_num 3 is the range G1:H4.
Remarks
After reference and area_num have selected a particular range, row_num and column_num select a particular cell: row_num 1 is
the first row in the range, column_num 1 is the first column, and so on. The reference returned by INDEX is the intersection of
row_num and column_num.
If you set row_num or column_num to 0 (zero), INDEX returns the reference for the entire column or row, respectively.
Row_num, column_num, and area_num must point to a cell within reference; otherwise, INDEX returns the #REF! error value. If
row_num and column_num are omitted, INDEX returns the area in reference specified by area_num.
The result of the INDEX function is a reference and is interpreted as such by other formulas. Depending on the formula, the return
value of INDEX may be used as a reference or as a value. For example, the formula CELL("width",INDEX(A1:B2,1,2)) is equivalent
to CELL("width",B1). The CELL function uses the return value of INDEX as a cell reference. On the other hand, a formula such as
2*INDEX(A1:B2,1,2) translates the return value of INDEX into the number in cell B1.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
9
10
11
A B C
Fruit Price Count
Apples 0.69 40
Bananas 0.34 38
Lemons 0.55 15
Oranges 0.25 25
Pears 0.59 40
Almonds 2.80 10
Cashews 3.55 16
Peanuts 1.25 20
Walnuts 1.75 12
Formula Description (Result)
=INDEX(A2:C6,2,3) The intersection of the second row and third column in the range A2:C6, which is the
Page 1of 2 INDEX
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content of cell C3. (38)
=INDEX
((A1:C6,A8:C11),2,2,2)
The intersection of the second row and second column in the second area of A8:C11, which
is the content of cell B9. (3.55)
=SUM(INDEX
(A1:C11,0,3,1))
The sum of the third column in the first area of the range A1:C11, which is the sum of
C1:C6. (216)
=SUM(B2:I NDEX
(A2:C6,5,2))
The sum of the range starting at B2, and ending at the intersection of the fifth row and the
second column of the range A2:A6, which is the sum of B2:B6. (2.42)
Page 2of 2 INDEX
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I NDI RECT
See Also
Returns the reference specified by a text string. References are immediately evaluated to display their contents. Use INDIRECT
when you want to change the reference to a cell within a formula without changing the formula itself.
Syntax
INDI RECT(ref_text,a1)
Ref_text is a reference to a cell that contains an A1-style reference, an R1C1-style reference, a name defined as a reference, or a
reference to a cell as a text string. If ref_text is not a valid cell reference, I NDIRECT returns the #REF! error value.
If ref_text refers to another workbook (an external reference), the other workbook must be open. I f the source workbook is not
open, INDI RECT returns the #REF! error value.
A1 is a logical value that specifies what type of reference is contained in the cell ref_text.
If a1 is TRUE or omitted, ref_text is interpreted as an A1-style reference.
If a1 is FALSE, ref_text is interpreted as an R1C1-style reference.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
When you create a formula that refers to a cell, the reference to the cell will be updated if: (1) the cell is moved by using the Cut
command to delete the cell or (2) the cell is moved because rows or columns are inserted or deleted. If you always want the formula to
refer to the same cell regardless of whether the row above the cell is deleted or the cell is moved, use the INDIRECT worksheet
function. For example, if you always want to refer to cell A10, use the following syntax:
=I NDI RECT( " A10" )

1
2
3
4
5
A B
Data Data
B2 1.333
B3 45
George 10
5 62
Formula Description (Result)
=INDIRECT($A$2) Value of the reference in cell A2 (1.333)
=INDIRECT($A$3) Value of the reference in cell A3 (45)
=INDIRECT($A$4) If the cell B4 has the defined name "George," the value of the defined name is returned (10)
=I NDI RECT("B"&$A$5) Value of a reference in cell A5 (62)
Page 1of 1 INDIRECT
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LOOKUP
See Also
Returns a value either from a one-row or one-column range or from an array (array: Used to build single formulas that produce
multiple results or that operate on a group of arguments that are arranged in rows and columns. An array range shares a common
formula; an array constant is a group of constants used as an argument.). The LOOKUP function has two syntax forms: vector and
array. The vector form of LOOKUP looks in a one-row or one-column range (known as a vector) for a value and returns a value from
the same position in a second one-row or one-column range. The array form of LOOKUP looks in the first row or column of an array for
the specified value and returns a value from the same position in the last row or column of the array.
Syntax 1 (vector)
Syntax 2 (array)
Page 1of 1 LOOKUP
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LOOKUP
See Also
The LOOKUP function has two syntax forms: vector and array (array: Used to build single formulas that produce multiple results or
that operate on a group of arguments that are arranged in rows and columns. An array range shares a common formula; an array
constant is a group of constants used as an argument.).
A vector is a range of only one row or one column. The vector form of LOOKUP looks in a one-row or one-column range (known as a
vector) for a value and returns a value from the same position in a second one-row or one-column range. Use this form of the LOOKUP
function when you want to specify the range that contains the values you want to match. The other form of LOOKUP automatically
looks in the first column or row.
Syntax 1
Vector form
LOOKUP(lookup_value,lookup_vector,result_vector)
Lookup_value is a value that LOOKUP searches for in the first vector. Lookup_value can be a number, text, a logical value, or a name
or reference that refers to a value.
Lookup_vector is a range that contains only one row or one column. The values in lookup_vector can be text, numbers, or logical
values.
Important The values in lookup_vector must be placed in ascending order: ...,-2, -1, 0, 1, 2, ..., A-Z, FALSE, TRUE; otherwise,
LOOKUP may not give the correct value. Uppercase and lowercase text are equivalent.
Result_vector is a range that contains only one row or column. It must be the same size as lookup_vector.
Remarks
If LOOKUP can't find the lookup_value, it matches the largest value in lookup_vector that is less than or equal to lookup_value.
If lookup_value is smaller than the smallest value in lookup_vector, LOOKUP gives the #N/A error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
A B
Frequency Color
4.14 red
4.19 orange
5.17 yellow
5.77 green
6.39 blue
Formula Description (Result)
=LOOKUP
(4.91,A2:A6,B2:B6)
Looks up 4.19 in column A, and returns the value from column B that's in the same row (orange)
=LOOKUP
(5.00,A2:A6,B2:B6)
Looks up 5.00 in column A, and returns the value from column B that's in the same row (orange)
=LOOKUP
(7.66,A2:A6,B2:B6)
Looks up 7.66 in column A, matches the next smallest value (6.39), and returns the value from
column B that's in the same row (blue)
=LOOKUP(0,A2:A6,B2:B6) Looks up 0 in column A, and returns an error because 0 is less than the smallest value in the
lookup_vector A2:A7 (#N/A)
Page 1of 1 LOOKUP
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LOOKUP
See Also
The LOOKUP function has two syntax forms: vector and array (array: Used to build single formulas that produce multiple results or
that operate on a group of arguments that are arranged in rows and columns. An array range shares a common formula; an array
constant is a group of constants used as an argument.).
The array form of LOOKUP looks in the first row or column of an array for the specified value and returns a value from the same
position in the last row or column of the array. Use this form of LOOKUP when the values you want to match are in the first row or
column of the array. Use the other form of LOOKUP when you want to specify the location of the column or row.
Tip
In general, it's best to use the HLOOKUP or VLOOKUP function instead of the array form of LOOKUP. This form of LOOKUP is provided
for compatibility with other spreadsheet programs.
Syntax 2
Array form
LOOKUP(lookup_value,array)
Lookup_value is a value that LOOKUP searches for in an array. Lookup_value can be a number, text, a logical value, or a name or
reference that refers to a value.
If LOOKUP can't find the lookup_value, it uses the largest value in the array that is less than or equal to lookup_value.
If lookup_value is smaller than the smallest value in the first row or column (depending on the array dimensions), LOOKUP returns
the #N/A error value.
Array is a range of cells that contains text, numbers, or logical values that you want to compare with lookup_value.
The array form of LOOKUP is very similar to the HLOOKUP and VLOOKUP functions. The difference is that HLOOKUP searches for
lookup_value in the first row, VLOOKUP searches in the first column, and LOOKUP searches according to the dimensions of array.
If array covers an area that is wider than it is tall (more columns than rows), LOOKUP searches for lookup_value in the first row.
If array is square or is taller than it is wide (more rows than columns), LOOKUP searches in the first column.
With HLOOKUP and VLOOKUP, you can index down or across, but LOOKUP always selects the last value in the row or column.
Important The values in array must be placed in ascending order: ...,-2, -1, 0, 1, 2, ..., A-Z, FALSE, TRUE; otherwise, LOOKUP may
not give the correct value. Uppercase and lowercase text are equivalent.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Formula Description (Result)
=LOOKUP("C",
{"a","b","c","d";1,2,3,4})
Looks up "C" in first row of the array and returns the value in the last row that's in the
same column (3)
=LOOKUP("bump",
{"a",1;"b",2;"c",3})
Looks up "bump" in first row of the array and returns the value in the last column that's in
the same row (2)
Page 1of 1 LOOKUP
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MATCH
See Also
Returns the relative position of an item in an array (array: Used to build single formulas that produce multiple results or that
operate on a group of arguments that are arranged in rows and columns. An array range shares a common formula; an array
constant is a group of constants used as an argument.) that matches a specified value in a specified order. Use MATCH instead of one
of the LOOKUP functions when you need the position of an item in a range instead of the item itself.
Syntax
MATCH(lookup_value,lookup_array,match_type)
Lookup_value is the value you use to find the value you want in a table.
Lookup_value is the value you want to match in lookup_array. For example, when you look up someone's number in a telephone
book, you are using the person's name as the lookup value, but the telephone number is the value you want.
Lookup_value can be a value (number, text, or logical value) or a cell reference to a number, text, or logical value.
Lookup_array is a contiguous range of cells containing possible lookup values. Lookup_array must be an array or an array reference.
Match_type is the number -1, 0, or 1. Match_type specifies how Microsoft Excel matches lookup_value with values in lookup_array.
If match_type is 1, MATCH finds the largest value that is less than or equal to lookup_value. Lookup_array must be placed in
ascending order: ...-2, -1, 0, 1, 2, ..., A-Z, FALSE, TRUE.
If match_type is 0, MATCH finds the first value that is exactly equal to lookup_value. Lookup_array can be in any order.
If match_type is -1, MATCH finds the smallest value that is greater than or equal to lookup_value. Lookup_array must be placed in
descending order: TRUE, FALSE, Z-A, ...2, 1, 0, -1, -2, ..., and so on.
If match_type is omitted, it is assumed to be 1.
Remarks
MATCH returns the position of the matched value within lookup_array, not the value itself. For example, MATCH("b",{"a","b","c"},0)
returns 2, the relative position of "b" within the array {"a","b","c"}.
MATCH does not distinguish between uppercase and lowercase letters when matching text values.
If MATCH is unsuccessful in finding a match, it returns the #N/A error value.
If match_type is 0 and lookup_value is text, lookup_value can contain the wildcard characters asterisk (*) and question mark (?).
An asterisk matches any sequence of characters; a question mark matches any single character.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
A B
Product Count
Bananas 25
Oranges 38
Apples 40
Pears 41
Formula Description (Result)
=MATCH(39,B2:B5,1) Because there is not an exact match, the position of the next lowest value (38) in the range B2:B5 is
returned. (2)
=MATCH(41,B2:B5,0) The position of 41 in the range B2:B5. (4)
=MATCH(40,B2:B5,-
1)
Returns an error because the range B2:B5 is not in descending order. (#N/A)
Page 1of 1 MATCH
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OFFSET
See Also
Returns a reference to a range that is a specified number of rows and columns from a cell or range of cells. The reference that is
returned can be a single cell or a range of cells. You can specify the number of rows and the number of columns to be returned.
Syntax
OFFSET(reference,rows,cols,height,width)
Reference is the reference from which you want to base the offset. Reference must refer to a cell or range of adjacent cells;
otherwise, OFFSET returns the #VALUE! error value.
Rows is the number of rows, up or down, that you want the upper-left cell to refer to. Using 5 as the rows argument specifies that
the upper-left cell in the reference is five rows below reference. Rows can be positive (which means below the starting reference) or
negative (which means above the starting reference).
Cols is the number of columns, to the left or right, that you want the upper-left cell of the result to refer to. Using 5 as the cols
argument specifies that the upper-left cell in the reference is five columns to the right of reference. Cols can be positive (which means
to the right of the starting reference) or negative (which means to the left of the starting reference).
Height is the height, in number of rows, that you want the returned reference to be. Height must be a positive number.
Width is the width, in number of columns, that you want the returned reference to be. Width must be a positive number.
Remarks
If rows and cols offset reference over the edge of the worksheet, OFFSET returns the #REF! error value.
If height or width is omitted, it is assumed to be the same height or width as reference.
OFFSET doesn't actually move any cells or change the selection; it just returns a reference. OFFSET can be used with any function
expecting a reference argument. For example, the formula SUM(OFFSET(C2,1,2,3,1)) calculates the total value of a 3-row by 1-
column range that is 1 row below and 2 columns to the right of cell C2.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Formula Description (Result)
=OFFSET(C3,2,3,1,1) Displays the value in cell F5 (0)
=SUM(OFFSET(C3:E5,-1,0,3,3)) Sums the range C2:E4 (0)
=OFFSET(C3:E5,0,-3,3,3) Returns an error, because the reference is not on the worksheet (#REF!)
Page 1of 1 OFFSET
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ROW
See Also
Returns the row number of a reference.
Syntax
ROW(reference)
Reference is the cell or range of cells for which you want the row number.
If reference is omitted, it is assumed to be the reference of the cell in which the ROW function appears.
If reference is a range of cells, and if ROW is entered as a vertical array (array: Used to build single formulas that produce multiple
results or that operate on a group of arguments that are arranged in rows and columns. An array range shares a common formula;
an array constant is a group of constants used as an argument.), ROW returns the row numbers of reference as a vertical array.
Reference cannot refer to multiple areas.
Example 1
The example may be easier to understand if you copy it to a blank worksheet.
How?
Example 2
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note The formula in the example must be entered as an array formula (array formula: A formula that performs multiple calculations
on one or more sets of values, and then returns either a single result or multiple results. Array formulas are enclosed between braces
{ } and are entered by pressing CTRL+SHIFT+ENTER.). After copying the example to a blank worksheet, select the range A2:A4
starting with the formula cell. Press F2, and then press CTRL+SHIFT+ENTER. If the formula is not entered as an array formula, the
single result is 4.

1
2
3
A B
Formula Description (Result)
=ROW() Row in which the formula appears (2)
=ROW(C10) Row of the reference (10)

1
2
3
4
A B
Formula Description (Result)
=ROW(C4:D6) First row in the reference (4)
Second row in the reference (5)
Third row in the reference (6)
Page 1of 1 ROW
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ROWS
See Also
Returns the number of rows in a reference or array (array: Used to build single formulas that produce multiple results or that
operate on a group of arguments that are arranged in rows and columns. An array range shares a common formula; an array
constant is a group of constants used as an argument.).
Syntax
ROWS(array)
Array is an array, an array formula (array formula: A formula that performs multiple calculations on one or more sets of values, and
then returns either a single result or multiple results. Array formulas are enclosed between braces { } and are entered by pressing
CTRL+SHIFT+ENTER.), or a reference to a range of cells for which you want the number of rows.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Formula Description (Result)
=ROWS(C1:E4) Number of rows in the reference (4)
=ROWS({1,2,3;4,5,6}) Number of rows in the array constant (2)
Page 1of 1 ROWS
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RTD
See Also
Retrieves real-time data from a program that supports COM automation (COM add-in: A supplemental program that extends the
capabilities of a Microsoft Office program by adding custom commands and specialized features. COM add-ins can run in one or
more Office programs. COM add-ins use the file name extension .dll or .exe.).
Syntax
=RTD(ProgI D,server,topic1,[topic2],...)
ProgID the name of the ProgID of a registered COM automation add-in (add-in: A supplemental program that adds custom
commands or custom features to Microsoft Office.) that has been installed on the local computer. Enclose the name in quotation marks.
server name of the server where the add-in should be run. If there is no server, and the program is run locally, leave the argument
blank. Otherwise, enter quotation marks ("") around the server name. When using RTD within Visual Basic for Applications (VBA) (VBA:
A macro-language version of Microsoft Visual Basic that is used to program Windows applications and is included with several Microsoft
applications.), double quotation marks or the VBA NullString property are required for the server, even if the server is running locally.
topic1, topic2,... 1 to 28 parameters that together represent a unique piece of real-time data.
Remarks
The RTD COM automation add-in must be created and registered on a local computer. If you haven't installed a real-time data
server, you will get an error message in a cell when you try to use the RTD function.
When the server has been programmed to continually update results, unlike other functions, RTD formulas will change when
Microsoft Excel is in automatic calculation mode.
Example
Formula Description (Result)
=RTD("MyComAddIn.Progid",,"LOREM_IPSUM","Price") Data
Page 1of 1 RTD
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TRANSPOSE
See Also
Returns a vertical range of cells as a horizontal range, or vice versa. TRANSPOSE must be entered as an array formula (array
formula: A formula that performs multiple calculations on one or more sets of values, and then returns either a single result or
multiple results. Array formulas are enclosed between braces { } and are entered by pressing CTRL+SHIFT+ENTER.) in a range that
has the same number of rows and columns, respectively, as an array (array: Used to build single formulas that produce multiple results
or that operate on a group of arguments that are arranged in rows and columns. An array range shares a common formula; an array
constant is a group of constants used as an argument.) has columns and rows. Use TRANSPOSE to shift the vertical and horizontal
orientation of an array on a worksheet.
Syntax
TRANSPOSE(array)
Array is an array or range of cells on a worksheet that you want to transpose. The transpose of an array is created by using the first
row of the array as the first column of the new array, the second row of the array as the second column of the new array, and so on.
Example 1
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note The formula in the example must be entered as an array formula. After copying the example to a blank worksheet, select the
range A5:A7 starting with the formula cell. Press F2, and then press CTRL+SHIFT+ENTER. If the formula is not entered as an array
formula, the single result is 1.
Example 2
Some functions, such as LINEST, return horizontal arrays. LINEST returns a horizontal array of the slope and Y-intercept for a line. The
following formula returns a vertical array of the slope and Y-intercept from LINEST.
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note The formula in the example must be entered as an array formula. After copying the example to a blank worksheet, select the
range A7:A8 starting with the formula cell. Press F2, and then press CTRL+SHIFT+ENTER. If the formula is not entered as an array
formula, the single result is 2.

1
2
A B C
Data Data Data
1 2 3
Formula Description (Result)
=TRANSPOSE($A$2:$C$2) Value from first column (1)
Value from second column (2)
Value from third column (3)

1
2
3
4
5
A B
Known y Known x
1 0
9 4
5 2
7 3
Formula Description (Result)
=TRANSPOSE(LINEST(A2:A5,B2:B5,,FALSE)) Slope (2)
Y-intercept (1)
Page 1of 1 TRANSPOSE
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VLOOKUP
See Also
Searches for a value in the leftmost column of a table, and then returns a value in the same row from a column you specify in the
table. Use VLOOKUP instead of HLOOKUP when your comparison values are located in a column to the left of the data you want to
find.
The V in VLOOKUP stands for "Vertical."
Syntax
VLOOKUP(lookup_value,table_ array,col_index_ num,range_lookup)
Lookup_value is the value to be found in the first column of the array (array: Used to build single formulas that produce multiple
results or that operate on a group of arguments that are arranged in rows and columns. An array range shares a common formula; an
array constant is a group of constants used as an argument.). Lookup_value can be a value, a reference, or a text string.
Table_array is the table of information in which data is looked up. Use a reference to a range or a range name, such as Database or
List.
If range_lookup is TRUE, the values in the first column of table_array must be placed in ascending order: ..., -2, -1, 0, 1, 2, ..., A-Z,
FALSE, TRUE; otherwise VLOOKUP may not give the correct value. If range_lookup is FALSE, table_array does not need to be
sorted.
You can put the values in ascending order by choosing the Sort command from the Data menu and selecting Ascending.
The values in the first column of table_array can be text, numbers, or logical values.
Uppercase and lowercase text are equivalent.
Col_index_num is the column number in table_array from which the matching value must be returned. A col_index_num of 1 returns
the value in the first column in table_array; a col_index_num of 2 returns the value in the second column in table_array, and so on. If
col_index_num is less than 1, VLOOKUP returns the #VALUE! error value; if col_index_num is greater than the number of columns in
table_array, VLOOKUP returns the #REF! error value.
Range_lookup is a logical value that specifies whether you want VLOOKUP to find an exact match or an approximate match. If TRUE
or omitted, an approximate match is returned. In other words, if an exact match is not found, the next largest value that is less than
lookup_value is returned. If FALSE, VLOOKUP will find an exact match. If one is not found, the error value #N/A is returned.
Remarks
If VLOOKUP can't find lookup_value, and range_lookup is TRUE, it uses the largest value that is less than or equal to lookup_value.
If lookup_value is smaller than the smallest value in the first column of table_array, VLOOKUP returns the #N/A error value.
If VLOOKUP can't find lookup_value, and range_lookup is FALSE, VLOOKUP returns the #N/A value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
The example uses values for air at 1 atm pressure.

1
2
3
4
5
6
7
8
9
10
A B C
Density Viscosity Temperature
0.457 3.55 500
0.525 3.25 400
0.616 2.93 300
0.675 2.75 250
0.746 2.57 200
0.835 2.38 150
0.946 2.17 100
1.09 1.95 50
1.29 1.71 0
Formula Description (Result)
=VLOOKUP(1,A2:C10,2) Looks up 1 in column A, and returns the value from column B in the same row
(2.17)
Page 1of 2 VLOOKUP
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=VLOOKUP
(1,A2:C10,3,TRUE)
Looks up 1 in column A, and returns the value from column C in the same row
(100)
=VLOOKUP
(.7,A2:C10,3,FALSE)
Looks up 0.746 in column A. Because there is no exact match in column A, an
error is returned (#N/A)
=VLOOKUP
(0.1,A2:C10,2,TRUE)
Looks up 0.1 in column A. Because 0.1 is less than the smallest value in column A,
an error is returned (#N/A)
=VLOOKUP
(2,A2:C10,2,TRUE)
Looks up 2 in column A, and returns the value from column B in the same row
(1.71)
Page 2of 2 VLOOKUP
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ABS
See Also
Returns the absolute value of a number. The absolute value of a number is the number without its sign.
Syntax
ABS(number)
Number is the real number of which you want the absolute value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
A
Data
-4
Formula Description (Result)
=ABS(2) Absolute value of 2 (2)
=ABS(-2) Absolute value of -2 (2)
=ABS(A2) Absolute value of -4 (4)
Page 1of 1 ABS
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ACOSH
See Also
Returns the inverse hyperbolic cosine of a number. Number must be greater than or equal to 1. The inverse hyperbolic cosine is
the value whose hyperbolic cosine is number, so ACOSH(COSH(number)) equals number.
Syntax
ACOSH(number)
Number is any real number equal to or greater than 1.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Formula Description (Result)
=ACOSH(1) Inverse hyperbolic cosine of 1 (0)
=ACOSH(10) Inverse hyperbolic cosine of 10 (2.993223)
Page 1of 1 ACOSH
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ACOSH
See Also
Returns the inverse hyperbolic cosine of a number. Number must be greater than or equal to 1. The inverse hyperbolic cosine is
the value whose hyperbolic cosine is number, so ACOSH(COSH(number)) equals number.
Syntax
ACOSH(number)
Number is any real number equal to or greater than 1.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Formula Description (Result)
=ACOSH(1) Inverse hyperbolic cosine of 1 (0)
=ACOSH(10) Inverse hyperbolic cosine of 10 (2.993223)
Page 1of 1 ACOSH
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ASI N
See Also
Returns the arcsine, or inverse sine, of a number. The arcsine is the angle whose sine is number. The returned angle is given in
radians in the range -pi/2 to pi/2.
Syntax
ASI N(number)
Number is the sine of the angle you want and must be from -1 to 1.
Remark
To express the arcsine in degrees, multiply the result by 180/PI( ) or use the DEGREES function.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Formula Description (Result)
=ASIN(-0.5) Arcsine of -0.5 in radians, -pi/6 (-0.5236)
=ASIN(-0.5)*180/PI() Arcsine of -0.5 in degrees (-30)
=DEGREES(ASIN(-0.5)) Arcsine of -0.5 in degrees (-30)
Page 1of 1 ASIN
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ASI NH
See Also
Returns the inverse hyperbolic sine of a number. The inverse hyperbolic sine is the value whose hyperbolic sine is number, so
ASINH(SINH(number)) equals number.
Syntax
ASI NH(number)
Number is any real number.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
1. Create a blank workbook or worksheet.
2. Select the example in the Help topic. Do not select the row or column headers.

Selecting an example from Help
3. Press CTRL+C.
4. In the worksheet, select cell A1, and press CTRL+V.
5. To switch between viewing the results and viewing the formulas that return the results, press CTRL+` (grave accent), or on the
Tools menu, point to Formula Auditing, and then click Formula Auditing Mode.

1
2
3
A B
Formula Description (Result)
=ASINH(-2.5) Inverse hyperbolic sine of -2.5 (-1.64723)
=ASINH(10) Inverse hyperbolic sine of 10 (2.998223)
Page 1of 1 ASINH
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ATAN2
See Also
Returns the arctangent, or inverse tangent, of the specified x- and y-coordinates. The arctangent is the angle from the x-axis to a
line containing the origin (0, 0) and a point with coordinates (x_num, y_num). The angle is given in radians between -pi and pi,
excluding -pi.
Syntax
ATAN2(x_ num,y_num)
X_num is the x-coordinate of the point.
Y_num is the y-coordinate of the point.
Remarks
A positive result represents a counterclockwise angle from the x-axis; a negative result represents a clockwise angle.
ATAN2(a,b) equals ATAN(b/a), except that a can equal 0 in ATAN2.
If both x_num and y_num are 0, ATAN2 returns the #DIV/0! error value.
To express the arctangent in degrees, multiply the result by 180/PI( ) or use the DEGREES function.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
A B
Formula Description (Result)
=ATAN2(1, 1) Arctangent of the point 1,1 in radians, pi/4 (0.785398)
=ATAN2(-1, -1) Arctangent of the point -1,-1 in radians, -3*pi/4 (-2.35619)
=ATAN2(-1, -1)*180/PI() Arctangent of the point 1,1 in degrees (-135)
=DEGREES(ATAN2(-1, -1)) Arctangent of the point 1,1 in degrees (-135)
Page 1of 1 ATAN2
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ATAN
See Also
Returns the arctangent, or inverse tangent, of a number. The arctangent is the angle whose tangent is number. The returned
angle is given in radians in the range -pi/2 to pi/2.
Syntax
ATAN (number)
Number is the tangent of the angle you want.
Remark
To express the arctangent in degrees, multiply the result by 180/PI( ) or use the DEGREES function.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Formula Description (Result)
=ATAN(1) Arctangent of 1 in radians, pi/4 (0.785398)
=ATAN(1)*180/PI() Arctangent of 1 in degrees (45)
=DEGREES(ATAN(1)) Arctangent of 1 in degrees (45)
Page 1of 1 ATAN
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ATANH
See Also
Returns the inverse hyperbolic tangent of a number. Number must be between -1 and 1 (excluding -1 and 1). The inverse
hyperbolic tangent is the value whose hyperbolic tangent is number, so ATANH(TANH(number)) equals number.
Syntax
ATANH(number)
Number is any real number between 1 and -1.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Formula Description (Result)
=ATANH(0.76159416) Inverse hyperbolic tangent of 0.76159416 (1, approximately)
=ATANH(-0.1) Inverse hyperbolic tangent of -0.1 (-0.10034)
Page 1of 1 ATANH
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CEI LI NG
See Also
Returns number rounded up, away from zero, to the nearest multiple of significance. For example, if you want to avoid using
pennies in your prices and your product is priced at $4.42, use the formula =CEILING(4.42,0.05) to round prices up to the nearest
nickel.
Syntax
CEI LI NG(number,significance)
Number is the value you want to round.
Significance is the multiple to which you want to round.
Remarks
If either argument is nonnumeric, CEILING returns the #VALUE! error value.
Regardless of the sign of number, a value is rounded up when adjusted away from zero. If number is an exact multiple of
significance, no rounding occurs.
If number and significance have different signs, CEILING returns the #NUM! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
A B
Formula Description (Result)
=CEILING(2.5, 1) Rounds 2.5 up to nearest multiple of 1 (3)
=CEILING(-2.5, -2) Rounds -2.5 up to nearest multiple of -2 (-4)
=CEILING(-2.5, 2) Returns an error, because -2.5 and 2 have different signs (#NUM!)
=CEILING(1.5, 0.1) Rounds 1.5 up to the nearest multiple of 0.1 (1.5)
=CEILING(0.234, 0.01) Rounds 0.234 up to the nearest multiple of 0.01 (0.24)
Page 1of 1 CEILING
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COMBI N
See Also
Returns the number of combinations for a given number of items. Use COMBIN to determine the total possible number of groups
for a given number of items.
Syntax
COMBI N(number,number_chosen)
Number is the number of items.
Number chosen is the number of items in each combination.
Remarks
Numeric arguments are truncated to integers.
If either argument is nonnumeric, COMBIN returns the #VALUE! error value.
If number < 0, number_chosen < 0, or number < number_chosen, COMBIN returns the #NUM! error value.
A combination is any set or subset of items, regardless of their internal order. Combinations are distinct from permutations, for
which the internal order is significant.
The number of combinations is as follows, where number = n and number_chosen = k:

where:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
A B
Formula Description (Result)
=COMBIN(8,2) Possible two-person teams that can be formed from 8 candidates (28)
Page 1of 1 COMBIN
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COS
See Also
Returns the cosine of the given angle.
Syntax
COS(number)
Number is the angle in radians for which you want the cosine.
Remark
If the angle is in degrees, multiply it by PI()/180 or use the COS function to convert it to radians.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Formula Description (Result)
=COS(1.047) Cosine of 1.047 radians (0.500171)
=COS(60*PI()/180) Cosine of 60 degrees (0.5)
=COS(RADIANS(60)) Cosine of 60 degrees (0.5)
Page 1of 1 COS
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COSH
See Also
Returns the hyperbolic cosine of a number.
Syntax
COSH(number)
Number is any real number for which you want to find the hyperbolic cosine.
Remark
The formula for the hyperbolic cosine is:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Formula Description (Result)
=COSH(4) Hyperbolic cosine of 4 (27.30823)
=COSH(EXP(1)) Hyperbolic cosine of the base of the natural logarithm (7.610125)
Page 1of 1 COSH
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DEGREES
See Also
Converts radians into degrees.
Syntax
DEGREES(angle)
Angle is the angle in radians that you want to convert.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
A B
Formula Description (Result)
=DEGREES(PI()) Degrees of pi radians (180)
Page 1of 1 DEGREES
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EVEN
See Also
Returns number rounded up to the nearest even integer. You can use this function for processing items that come in twos. For
example, a packing crate accepts rows of one or two items. The crate is full when the number of items, rounded up to the nearest
two, matches the crate's capacity.
Syntax
EVEN(number)
Number is the value to round.
Remarks
If number is nonnumeric, EVEN returns the #VALUE! error value.
Regardless of the sign of number, a value is rounded up when adjusted away from zero. If number is an even integer, no rounding
occurs.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
A B
Formula Description (Result)
=EVEN(1.5) Rounds 1.5 up to the nearest even integer (2)
=EVEN(3) Rounds 3 up to the nearest even integer (4)
=EVEN(2) Rounds 2 up to the nearest even integer (2)
=EVEN(-1) Rounds -1 up to the nearest even integer (-2)
Page 1of 1 EVEN
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EXP
See Also
Returns e raised to the power of number. The constant e equals 2.71828182845904, the base of the natural logarithm.
Syntax
EXP(number)
Number is the exponent applied to the base e.
Remarks
To calculate powers of other bases, use the exponentiation operator (^).
EXP is the inverse of LN, the natural logarithm of number.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Formula Description (Result)
=EXP(1) Approximate value of e (2.718282)
=EXP(2) Base of the natural logarithm e raised to the power of 2 (7.389056)
Page 1of 1 EXP
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FACT
See Also
Returns the factorial of a number. The factorial of a number is equal to 1*2*3*...* number.
Syntax
FACT(number)
Number is the nonnegative number you want the factorial of. If number is not an integer, it is truncated.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
A B
Formula Description (Result)
=FACT(5) Factorial of 5, or 1*2*3*4*5 (120)
=FACT(1.9) Factorial of the integer of 1.9 (1)
=FACT(0) Factorial of 0 (1)
=FACT(-1) Negative numbers cause an error value (#NUM!)
=FACT(1) Factorial of 1 (1)
Page 1of 1 FACT
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FLOOR
See Also
Rounds number down, toward zero, to the nearest multiple of significance.
Syntax
FLOOR(number,significance)
Number is the numeric value you want to round.
Significance is the multiple to which you want to round.
Remarks
If either argument is nonnumeric, FLOOR returns the #VALUE! error value.
If number and significance have different signs, FLOOR returns the #NUM! error value.
Regardless of the sign of number, a value is rounded down when adjusted away from zero. If number is an exact multiple of
significance, no rounding occurs.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
A B
Formula Description (Result)
=FLOOR(2.5, 1) Rounds 2.5 down to nearest multiple of 1 (2)
=FLOOR(-2.5, -2) Rounds -2.5 down to nearest multiple of -2 (-2)
=FLOOR(-2.5, 2) Returns an error, because -2.5 and 2 have different signs (#NUM!)
=FLOOR(1.5, 0.1) Rounds 1.5 down to the nearest multiple of 0.1 (1.5)
=FLOOR(0.234, 0.01) Rounds 0.234 down to the nearest multiple of 0.01 (0.23)
Page 1of 1 FLOOR
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GCD
See Also
Returns the greatest common divisor of two or more integers. The greatest common divisor is the largest integer that divides both
number1 and number2 without a remainder.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
GCD(number1,number2, ...)
Number1, number2, ... are 1 to 29 values. If any value is not an integer, it is truncated.
Remarks
If any argument is nonnumeric, GCD returns the #VALUE! error value.
If any argument is less than zero, GCD returns the #NUM! error value.
One divides any value evenly.
A prime number has only itself and one as even divisors.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
A B
Formula Description (Result)
=GCD(5, 2) Greatest common divisor of 5 and 2 (1)
=GCD(24, 36) Greatest common divisor of 24 and 36 (12)
=GCD(7, 1) Greatest common divisor of 7 and 1 (1)
=GCD(5, 0) Greatest common divisor of 5 and 0 (5)
Page 1of 1 GCD
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I NT
See Also
Rounds a number down to the nearest integer.
Syntax
INT(number)
Number is the real number you want to round down to an integer.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
A
Data
19.5
Formula Description (Result)
=INT(8.9) Rounds 8.9 down (8)
=INT(-8.9) Rounds -8.9 down (-9)
=A2-INT(A2) Returns the decimal part of a positive real number in cell A2 (0.5)
Page 1of 1 INT
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LCM
See Also
Returns the least common multiple of integers. The least common multiple is the smallest positive integer that is a multiple of all
integer arguments number1, number2, and so on. Use LCM to add fractions with different denominators.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
LCM(number1,number2, ...)
Number1, number2,... are 1 to 29 values for which you want the least common multiple. If value is not an integer, it is truncated.
Remarks
If any argument is nonnumeric, LCM returns the #VALUE! error value.
If any argument is less than zero, LCM returns the #NUM! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Formula Description (Result)
=LCM(5, 2) Least common multiple of 5 and 2 (10)
=LCM(24, 36) Least common multiple of 24 and 36 (72)
Page 1of 1 LCM
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LN
See Also
Returns the natural logarithm of a number. Natural logarithms are based on the constant e (2.71828182845904).
Syntax
LN(number)
Number is the positive real number for which you want the natural logarithm.
Remark
LN is the inverse of the EXP function.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Formula Description (Result)
=LN(86) Natural logarithm of 86 (4.454347)
=LN(2.7182818) Natural logarithm of the value of the constant e (1)
=LN(EXP(3)) Natural logarithm of e raised to the power of 3 (3)
Page 1of 1 LN
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LOG10
See Also
Returns the base-10 logarithm of a number.
Syntax
LOG10(number)
Number is the positive real number for which you want the base-10 logarithm.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
A B
Formula Description (Result)
=LOG10(86) Base-10 logarithm of 86 (1.934498451)
=LOG10(10) Base-10 logarithm of 10 (1)
=LOG10(1E5) Base-10 logarithm of 1E5 (5)
=LOG10(10^5) Base-10 logarithm of 10^5 (5)
Page 1of 1 LOG10
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LOG
See Also
Returns the logarithm of a number to the base you specify.
Syntax
LOG(number,base)
Number is the positive real number for which you want the logarithm.
Base is the base of the logarithm. If base is omitted, it is assumed to be 10.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Formula Description (Result)
=LOG(10) Logarithm of 10 (1)
=LOG(8, 2) Logarithm of 8 with base 2 (3)
=LOG(86, 2.7182818) Logarithm of 86 with base e (4.454347)
Page 1of 1 LOG
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MDETERM
See Also
Returns the matrix determinant of an array.
Syntax
MDETERM(array)
Array is a numeric array with an equal number of rows and columns.
Remarks
Array can be given as a cell range, for example, A1:C3; as an array constant, such as {1,2,3;4,5,6;7,8,9}; or as a name to either of
these.
If any cells in array are empty or contain text, MDETERM returns the #VALUE! error value.
MDETERM also returns #VALUE! if array does not have an equal number of rows and columns.
The matrix determinant is a number derived from the values in array. For a three-row, three-column array, A1:C3, the determinant
is defined as:
MDETERM( A1: C3) equals
A1*( B2*C3- B3*C2) + A2*( B3*C1- B1*C3) + A3*( B1*C2- B2*C1)
Matrix determinants are generally used for solving systems of mathematical equations that involve several variables.
MDETERM is calculated with an accuracy of approximately 16 digits, which may lead to a small numeric error when the calculation
is not complete. For example, the determinant of a singular matrix may differ from zero by 1E-16.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
A B C D
Data Data Data Data
1 3 8 5
1 3 6 1
1 1 1 0
7 3 10 2
Formula Description (Result)
=MDETERM(A2:D5) Determinant of the matrix above (88)
=MDETERM
({3,6,1;1,1,0;3,10,2})
Determinant of the matrix as an array constant (1)
=MDETERM({3,6;1,1}) Determinant of the matrix in the array constant (-3)
=MDETERM({1,3,8,5;1,3,6,1}) Returns an error because the array does not have an equal number of rows and
columns (#VALUE!)
Page 1of 1 MDETERM
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MI NVERSE
See Also
Returns the inverse matrix for the matrix stored in an array.
Syntax
MI NVERSE(array)
Array is a numeric array with an equal number of rows and columns.
Remarks
Array can be given as a cell range, such as A1:C3; as an array constant, such as {1,2,3;4,5,6;7,8,9}; or as a name for either of
these.
If any cells in array are empty or contain text, MINVERSE returns the #VALUE! error value.
MINVERSE also returns the #VALUE! error value if array does not have an equal number of rows and columns.
Formulas that return arrays must be entered as array formulas.
Inverse matrices, like determinants, are generally used for solving systems of mathematical equations involving several variables.
The product of a matrix and its inverse is the identity matrix the square array in which the diagonal values equal 1, and all other
values equal 0.
As an example of how a two-row, two-column matrix is calculated, suppose that the range A1:B2 contains the letters a, b, c, and d
that represent any four numbers. The following table shows the inverse of the matrix A1:B2.
MINVERSE is calculated with an accuracy of approximately 16 digits, which may lead to a small numeric error when the cancellation
is not complete.
Some square matrices cannot be inverted and will return the #NUM! error value with MINVERSE. The determinant for a
noninvertable matrix is 0.
Example 1
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note The formula in the example must be entered as an array formula. After copying the example to a blank worksheet, select the
range A5:B6 starting with the formula cell. Press F2, and then press CTRL+SHIFT+ENTER. If the formula is not entered as an array
formula, the single result is 0.
Example 2
The example may be easier to understand if you copy it to a blank worksheet.
How?
Column A Column B
Row 1 d/(a*d-b*c) b/(b*c-a*d)
Row 2 c/(b*c-a*d) a/(a*d-b*c)

1
2
3
A B
Data Data
4 -1
2 0
Formula Formula
=MINVERSE(A2:B3)

1
2
3
4
A B C
Data Data Data
1 2 1
3 4 -1
0 2 0
Page 1of 2 MINVERSE
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Note The formula in the example must be entered as an array formula. After copying the example to a blank worksheet, select the
range A6:C8 starting with the formula cell. Press F2, and then press CTRL+SHIFT+ENTER. If the formula is not entered as an array
formula, the single result is 0.25.
Tip
Use the INDEX function to access individual elements from the inverse matrix.
Formula Formula Formula
=MINVERSE(A2:C4)
Page 2of 2 MINVERSE
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MMULT
See Also
Returns the matrix product of two arrays. The result is an array with the same number of rows as array1 and the same number of
columns as array2.
Syntax
MMULT(array1,array2)
Array1, array2 are the arrays you want to multiply.
Remarks
The number of columns in array1 must be the same as the number of rows in array2, and both arrays must contain only numbers.
Array1 and array2 can be given as cell ranges, array constants, or references.
If any cells are empty or contain text, or if the number of columns in array1 is different from the number of rows in array2, MMULT
returns the #VALUE! error value.
The matrix product array a of two arrays b and c is:

where i is the row number, and j is the column number.
Formulas that return arrays must be entered as array formulas.
Example 1
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note The formula in the example must be entered as an array formula. After copying the example to a blank worksheet, select the
range A8:B9 starting with the formula cell. Press F2, and then press CTRL+SHIFT+ENTER. If the formula is not entered as an array
formula, the single result is 2.
Example 2
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
A B
Array 1 Array 1
1 3
7 2
Array 2 Array 2
2 0
0 2
Formula Formula
=MMULT(A2:B3,A5:B6)

1
2
3
4
5
6
A B
Array 1 Array 1
3 0
2 0
Array 2 Array 2
2 0
0 2
Formula Formula
=MMULT(A2:B3,A5:B6)
Page 1of 2 MMULT
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Note The formula in the example must be entered as an array formula. After copying the example to a blank worksheet, select the
range A8:B9 starting with the formula cell. Press F2, and then press CTRL+SHIFT+ENTER. If the formula is not entered as an array
formula, the single result is 6.
Page 2of 2 MMULT
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MOD
See Also
Returns the remainder after number is divided by divisor. The result has the same sign as divisor.
Syntax
MOD(number,divisor)
Number is the number for which you want to find the remainder.
Divisor is the number by which you want to divide number.
Remarks
If divisor is 0, MOD returns the #DIV/0! error value.
The MOD function can be expressed in terms of the INT function:
MOD( n, d) = n - d*I NT( n/ d)

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
A B
Formula Description (Result)
=MOD(3, 2) Remainder of 3/2 (1)
=MOD(-3, 2) Remainder of -3/2. The sign is the same as divisor (1)
=MOD(3, -2) Remainder of 3/-2. The sign is the same as divisor (-1)
=MOD(-3, -2) Remainder of -3/-2. The sign is the same as divisor (-1)
Page 1of 1 MOD
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MROUND
See Also
Returns a number rounded to the desired multiple.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
MROUND(number,multiple)
Number is the value to round.
Multiple is the multiple to which you want to round number.
Remark
MROUND rounds up, away from zero, if the remainder of dividing number by multiple is greater than or equal to half the value of
multiple.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
A B
Formula Description (Result)
=MROUND(10, 3) Rounds 10 to a nearest multiple of 3 (9)
=MROUND(-10, -3) Rounds 10 to a nearest multiple of 3 (-9)
=MROUND(1.3, 0.2) Rounds 1.3 to a nearest multiple of 0.2 (1.4)
=MROUND(5, -2) Returns an error, because -2 and 5 have different signs (#NUM!)
Page 1of 1 MROUND
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MULTI NOMI AL
See Also
Returns the ratio of the factorial of a sum of values to the product of factorials.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
MULTI NOMI AL(number1,number2, ...)
Number1,number2, ... are 1 to 29 values for which you want the multinomial.
Remarks
If any argument is nonnumeric, MULTINOMIAL returns the #VALUE! error value.
If any argument is less than one, MULTINOMIAL returns the #NUM! error value.
The multinomial is:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
A B
Formula Description (Result)
=MULTINOMIAL(2, 3, 4) Ratio of the factorial of a sum of 2, 3 and 4 to the product of factorials (1260)
Page 1of 1 MULTINOMIAL
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ODD
See Also
Returns number rounded up to the nearest odd integer.
Syntax
ODD(number)
Number is the value to round.
Remarks
If number is nonnumeric, ODD returns the #VALUE! error value.
Regardless of the sign of number, a value is rounded up when adjusted away from zero. If number is an odd integer, no rounding
occurs.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
A B
Formula Description (Result)
=ODD(1.5) Rounds 1.5 up to the nearest odd integer (3)
=ODD(3) Rounds 3 up to the nearest odd integer (3)
=ODD(2) Rounds 2 up to the nearest odd integer (3)
=ODD(-1) Rounds -1 up to the nearest odd integer (-1)
=ODD(-2) Rounds -2 up to the nearest odd integer (-3)
Page 1of 1 ODD
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PI
See Also
Returns the number 3.14159265358979, the mathematical constant pi, accurate to 15 digits.
Syntax
PI ( )
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
A
Radius
3
Formula Description (Result)
=PI() Pi (3.14159265358979)
=PI()/2 Pi/2 (1.570796327)
=PI()*(A2^2) Area of a circle, with the radius above (28.27433388)
Page 1of 1 PI
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POWER
See Also
Returns the result of a number raised to a power.
Syntax
POWER(number,power)
Number is the base number. It can be any real number.
Power is the exponent to which the base number is raised.
Remark
The "^" operator can be used instead of POWER to indicate to what power the base number is to be raised, such as in 5^2.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Formula Description (Result)
=POWER(5,2) 5 squared (25)
=POWER(98.6,3.2) 98.6 raised to the power of 3.2 (2401077)
=POWER(4,5/4) 4 raised to the power of 5/4 (5.656854)
Page 1of 1 POWER
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PRODUCT
See Also
Multiplies all the numbers given as arguments and returns the product.
Syntax
PRODUCT(number1,number2,...)
Number1, number2, ... are 1 to 30 numbers that you want to multiply.
Remarks
Arguments that are numbers, logical values, or text representations of numbers are counted; arguments that are error values or
text that cannot be translated into numbers cause errors.
If an argument is an array or reference, only numbers in the array or reference are counted. Empty cells, logical values, text, or
error values in the array or reference are ignored.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A
Data
5
15
30
Formula Description (Result)
=PRODUCT(A2:A4) Multiplies the numbers above (2250)
=PRODUCT(A2:A4, 2) Multiplies the numbers above and 2 (4500)
Page 1of 1 PRODUCT
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QUOTI ENT
See Also
Returns the integer portion of a division. Use this function when you want to discard the remainder of a division.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
QUOTI ENT(numerator,denominator)
Numerator is the dividend.
Denominator is the divisor.
Remark
If either argument is nonnumeric, QUOTIENT returns the #VALUE! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Formula Description (Result)
=QUOTIENT(5, 2) Integer portion of 5/2 (2)
=QUOTIENT(4.5, 3.1) Integer portion of 4.5/3.1 (1)
=QUOTIENT(-10, 3) Integer portion of -10/3 (-3)
Page 1of 1 QUOTIENT
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RADI ANS
See Also
Converts degrees to radians.
Syntax
RADI ANS(angle)
Angle is an angle in degrees that you want to convert.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
A B
Formula Description (Result)
=RADIANS(270) 270 degrees as radians (4.712389 or 3/2 radians)
Page 1of 1 RADIANS
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RAND
See Also
Returns an evenly distributed random number greater than or equal to 0 and less than 1. A new random number is returned every
time the worksheet is calculated.
Syntax
RAND( )
Remarks
To generate a random real number between a and b, use:
RAND()*(b-a)+a
If you want to use RAND to generate a random number but don't want the numbers to change every time the cell is calculated, you
can enter =RAND() in the formula bar, and then press F9 to change the formula to a random number.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Formula Description (Result)
=RAND() A random number between 0 and 1 (varies)
=RAND()*100 A random number equal to 0 but less than 100 (varies)
Page 1of 1 RAND
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RANDBETWEEN
See Also
Returns a random number between the numbers you specify. A new random number is returned every time the worksheet is
calculated.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
RANDBETWEEN(bottom,top)
Bottom is the smallest integer RANDBETWEEN will return.
Top is the largest integer RANDBETWEEN will return.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Formula Description (Result)
=RANDBETWEEN(1,100) Random number between 1 and 100 (varies)
=RANDBETWEEN(-1,1) Random number between -1 and 1 (varies)
Page 1of 1 RANDBETWEEN
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ROMAN
See Also
Converts an arabic numeral to roman, as text.
Syntax
ROMAN(number,form)
Number is the Arabic numeral you want converted.
Form is a number specifying the type of roman numeral you want. The roman numeral style ranges from Classic to Simplified,
becoming more concise as the value of form increases. See the example following ROMAN( 499, 0) below.
Remarks
If number is negative, the #VALUE! error value is returned.
If number is greater than 3999, the #VALUE! error value is returned.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Form Type
0 or omitted Classic.
1 More concise. See example below.
2 More concise. See example below.
3 More concise. See example below.
4 Simplified.
TRUE Classic.
FALSE Simplified.

1
2
3
4
5
6
7
A B
Formula Description (Result)
=ROMAN(499,0) Classic roman numeral style for 499 (CDXCIX)
=ROMAN(499,1) More concise version for 499 (LDVLIV)
=ROMAN(499,2) More concise version for 499 (XDIX)
=ROMAN(499,3) More concise version for 499 (VDIV)
=ROMAN(499,4) More concise version for 499 (ID)
=ROMAN(2013,0) Classic roman numeral style for 2013 (MMXIII)
Page 1of 1 ROMAN
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ROUND
See Also
Rounds a number to a specified number of digits.
Syntax
ROUND(number,num_digits)
Number is the number you want to round.
Num_digits specifies the number of digits to which you want to round number.
Remarks
If num_digits is greater than 0 (zero), then number is rounded to the specified number of decimal places.
If num_digits is 0, then number is rounded to the nearest integer.
If num_digits is less than 0, then number is rounded to the left of the decimal point.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
A B
Formula Description (Result)
=ROUND(2.15, 1) Rounds 2.15 to one decimal place (2.2)
=ROUND(2.149, 1) Rounds 2.149 to one decimal place (2.1)
=ROUND(-1.475, 2) Rounds -1.475 to two decimal places (-1.48)
=ROUND(21.5, -1) Rounds 21.5 to one decimal place to the left of the decimal point (20)
Page 1of 1 ROUND
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ROUNDDOWN
See Also
Rounds a number down, toward zero.
Syntax
ROUNDDOWN(number,num_digits)
Number is any real number that you want rounded down.
Num_digits is the number of digits to which you want to round number.
Remarks
ROUNDDOWN behaves like ROUND, except that it always rounds a number down.
If num_digits is greater than 0 (zero), then number is rounded down to the specified number of decimal places.
If num_digits is 0, then number is rounded down to the nearest integer.
If num_digits is less than 0, then number is rounded down to the left of the decimal point.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
A B
Formula Description (Result)
=ROUNDDOWN(3.2, 0) Rounds 3.2 down to zero decimal places (3)
=ROUNDDOWN(76.9,0) Rounds 76.9 down to zero decimal places (76)
=ROUNDDOWN(3.14159, 3) Rounds 3.14159 down to three decimal places (3.141)
=ROUNDDOWN(-3.14159, 1) Rounds -3.14159 down to one decimal place (-3.1)
=ROUNDDOWN(31415.92654, -2) Rounds 31415.92654 down to 2 decimal places to the left of the decimal (31400)
Page 1of 1 ROUNDDOWN
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ROUNDUP
See Also
Rounds a number up, away from 0 (zero).
Syntax
ROUNDUP(number,num_digits)
Number is any real number that you want rounded up.
Num_digits is the number of digits to which you want to round number.
Remarks
ROUNDUP behaves like ROUND, except that it always rounds a number up.
If num_digits is greater than 0 (zero), then number is rounded up to the specified number of decimal places.
If num_digits is 0, then number is rounded up to the nearest integer.
If num_digits is less than 0, then number is rounded up to the left of the decimal point.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
A B
Formula Description (Result)
=ROUNDUP(3.2,0) Rounds 3.2 up to zero decimal places (4)
=ROUNDUP(76.9,0) Rounds 76.9 up to zero decimal places (77)
=ROUNDUP(3.14159, 3) Rounds 3.14159 up to three decimal places (3.142)
=ROUNDUP(-3.14159, 1) Rounds -3.14159 up to one decimal place (-3.2)
=ROUNDUP(31415.92654, -2) Rounds 31415.92654 up to 2 decimal places to the left of the decimal (31500)
Page 1of 1 ROUNDUP
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SERI ESSUM
See Also
Returns the sum of a power series based on the formula:

Many functions can be approximated by a power series expansion.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
SERI ESSUM(x,n,m,coefficients)
X is the input value to the power series.
N is the initial power to which you want to raise x.
M is the step by which to increase n for each term in the series.
Coefficients is a set of coefficients by which each successive power of x is multiplied. The number of values in coefficients determines
the number of terms in the power series. For example, if there are three values in coefficients, then there will be three terms in the
power series.
Remark
If any argument is nonnumeric, SERIESSUM returns the #VALUE! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
A
Coefficients
=PI()/4
1
=-1/FACT(2)
=1/FACT(4)
=-1/FACT(6)
Formula Description (Result)
=SERIESSUM(A2,0,2,A3:A6) Approximation to the cosine of Pi/4 radians, or 45 degrees (0.707103)
Page 1of 1 SERIESSUM
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SI GN
See Also
Determines the sign of a number. Returns 1 if the number is positive, zero (0) if the number is 0, and -1 if the number is negative.
Syntax
SI GN(number)
Number is any real number.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Formula Description (Result)
=SIGN(10) Sign of a positive number (1)
=SIGN(4-4) Sign of zero (0)
=SIGN(-0.00001) Sign of a negative number (-1)
Page 1of 1 SIGN
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SI N
See Also
Returns the sine of the given angle.
Syntax
SI N(number)
Number is the angle in radians for which you want the sine.
Remark
If your argument is in degrees, multiply it by PI()/180 or use the RADIANS function to convert it to radians.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
A B
Formula Description (Result)
=SIN(PI()) Sine of pi radians (0, approximately)
=SIN(PI()/2) Sine of pi/2 radians (1)
=SIN(30*PI()/180) Sine of 30 degrees (0.5)
=SIN(RADIANS(30)) Sine of 30 degrees (0.5)
Page 1of 1 SIN
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SI NH
See Also
Returns the hyperbolic sine of a number.
Syntax
SI NH(number)
Number is any real number.
Remark
The formula for the hyperbolic sine is:

Example 1
The example may be easier to understand if you copy it to a blank worksheet.
How?
Example 2
You can use the hyperbolic sine function to approximate a cumulative probability distribution. Suppose a laboratory test value varies
between 0 and 10 seconds. An empirical analysis of the collected history of experiments shows that the probability of obtaining a
result, x, of less than t seconds is approximated by the following equation:
P(x<t) = 2.868 * SINH(0.0342 * t), where 0<t<10
To calculate the probability of obtaining a result of less than 1.03 seconds, substitute 1.03 for t.
The example may be easier to understand if you copy it to a blank worksheet.
How?
You can expect this result to occur about 101 times for every 1000 experiments.

1
2
3
A B
Formula Description (Result)
=SINH(1) Hyperbolic sine of 1 (1.175201194)
=SINH(-1) Hyperbolic sine of -1 (-1.175201194)

1
2
A B
Formula Description (Result)
=2.868*SINH(0.0342*1.03) Probability of obtaining a result of less than 1.03 seconds (0.101049063)
Page 1of 1 SINH
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SQRT
See Also
Returns a positive square root.
Syntax
SQRT(number)
Number is the number for which you want the square root.
Remark
If number is negative, SQRT returns the #NUM! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
A
Data
-16
Formula Description (Result)
=SQRT(16) Square root of 16 (4)
=SQRT(A2) Square root of the number above. Because the number is negative, an error is returned (#NUM!)
=SQRT(ABS(A2)) Square root of the absolute value of the number above (4)
Page 1of 1 SQRT
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SQRTPI
See Also
Returns the square root of (number * pi).
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?
Syntax
SQRTPI (number)
Number is the number by which pi is multiplied.
Remark
If number < 0, SQRTPI returns the #NUM! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Formula Description (Result)
=SQRTPI(1) Square root of pi (1.772454)
=SQRTPI(2) Square root of 2 * pi (2.506628)
Page 1of 1 SQRTPI
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SUBTOTAL
See Also
Returns a subtotal in a list or database. It is generally easier to create a list with subtotals using the Subtotals command (Data
menu). Once the subtotal list is created, you can modify it by editing the SUBTOTAL function.
Syntax
SUBTOTAL(function_num, ref1, ref2, ...)
Function_num is the number 1 to 11 (includes hidden values) or 101 to 111 (ignores hidden values) that specifies which function to
use in calculating subtotals within a list.
Ref1, ref2, are 1 to 29 ranges or references for which you want the subtotal.
Remarks
If there are other subtotals within ref1, ref2, (or nested subtotals), these nested subtotals are ignored to avoid double counting.
For the function_num constants from 1 to 11, the SUBTOTAL function includes the values of rows hidden by the Hide command
under the Row submenu of the Format menu). Use these constants when you want to subtotal hidden and nonhidden numbers in
a list. For the function_Num constants from 101 to 111, the SUBTOTAL function ignores values of rows hidden by the Hide
command under the Row submenu of the Format menu). Use these constants when you want to subtotal only nonhidden
numbers in a list.
The SUBTOTAL function ignores any rows that are not included in the result of a filter, no matter which function_num value you
use.
The SUBTOTAL function is designed for columns of data, or vertical ranges. It is not designed for rows of data, or horizontal
ranges. For example, when you subtotal a horizontal range using a function_num of 101 or greater, such as SUBTOTAL
(109,B2:G2), hiding a column does not affect the subtotal. But, hiding a row in a subtotal of a vertical range does affect the
subtotal.
If any of the references are 3-D references, SUBTOTAL returns the #VALUE! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Function_num
(includes hidden values)
Function_num
(ignores hidden values) Function
1 101 AVERAGE
2 102 COUNT
3 103 COUNTA
4 104 MAX
5 105 MIN
6 106 PRODUCT
7 107 STDEV
8 108 STDEVP
9 109 SUM
10 110 VAR
11 111 VARP

1
2
3
4
5
A
Data
120
10
150
23
Formula Description (Result)
=SUBTOTAL(9,A2:A5) Subtotal of the column above using the SUM function (303)
Page 1of 2 SUBTOTAL
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=SUBTOTAL(1,A2:A5) Subtotal of the column above using the AVERAGE function (75.75)
Page 2of 2 SUBTOTAL
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SUM
See Also
Adds all the numbers in a range of cells.
Syntax
SUM(number1,number2, ...)
Number1, number2, ... are 1 to 30 arguments for which you want the total value or sum.
Remarks
Numbers, logical values, and text representations of numbers that you type directly into the list of arguments are counted. See the
first and second examples following.
If an argument is an array or reference, only numbers in that array or reference are counted. Empty cells, logical values, text, or
error values in the array or reference are ignored. See the third example following.
Arguments that are error values or text that cannot be translated into numbers cause errors.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
A
Data
-5
15
30
'5
TRUE
Formula Description (Result)
=SUM(3, 2) Adds 3 and 2 (5)
=SUM("5", 15,
TRUE)
Adds 5, 15 and 1, because the text values are translated into numbers, and the logical value TRUE is translated
into the number 1 (21)
=SUM(A2:A4) Adds the first three numbers in the column above (40)
=SUM(A2:A4,
15)
Adds the first three numbers in the column above, and 15 (55)
=SUM(A5,A6, 2) Adds the values in the last two rows above, and 2. Because nonnumeric values in references are not
translated, the values in the column above are ignored (2)
Page 1of 1 SUM
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SUMI F
See Also
Adds the cells specified by a given criteria.
Syntax
SUMI F(range,criteria,sum_range)
Range is the range of cells you want evaluated.
Criteria is the criteria in the form of a number, expression, or text that defines which cells will be added. For example, criteria can be
expressed as 32, "32", ">32", "apples".
Sum_range are the actual cells to sum.
Remarks
The cells in sum_range are summed only if their corresponding cells in range match the criteria.
If sum_range is omitted, the cells in range are summed.
Microsoft Excel provides additional functions that can be used to analyze your data based on a condition. For example, to count the
number of occurrences of a string of text or a number within a range of cells, use the COUNTIF function. To have a formula return
one of two values based on a condition, such as a sales bonus based on a specified sales amount, use the IF function.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
A B
Property Value Commission
100,000 7,000
200,000 14,000
300,000 21,000
400,000 28,000
Formula Description (Result)
=SUMIF(A2:A5,">160000",B2:B5) Sum of the commissions for property values over 160000 (63,000)
Page 1of 1 SUMIF
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SUMPRODUCT
See Also
Multiplies corresponding components in the given arrays, and returns the sum of those products.
Syntax
SUMPRODUCT(array1,array2,array3, ...)
Array1, array2, array3, ... are 2 to 30 arrays whose components you want to multiply and then add.
Remarks
The array arguments must have the same dimensions. If they do not, SUMPRODUCT returns the #VALUE! error value.
SUMPRODUCT treats array entries that are not numeric as if they were zeros.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Remark
The preceding example returns the same result as the formula SUM(A2:B4*C2:D4) entered as an array. Using arrays provides a more
general solution for doing operations similar to SUMPRODUCT. For example, you can calculate the sum of the squares of the elements
in A2:B4 by using the formula =SUM(A2:B4^2) and pressing CTRL+SHIFT+ENTER.

1
2
3
4
A B C D
Array 1 Array 1
Array
2
Array
2
3 4 2 7
8 6 6 7
1 9 5 3
Formula Description (Result)
=SUMPRODUCT(A2:B4,
C2:D4)
Multiplies all the components of the two arrays and then adds the products that is,
3*2 + 4*7 + 8*6 + 6*7 + 1*5 + 9*3. (156)
Page 1of 1 SUMPRODUCT
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SUMSQ
See Also
Returns the sum of the squares of the arguments.
Syntax
SUMSQ(number1,number2, ...)
Number1, number2, ... are 1 to 30 arguments for which you want the sum of the squares. You can also use a single array or a
reference to an array instead of arguments separated by commas.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
A B
Formula Description (Result)
=SUMSQ(3, 4) Sum of the squares of 3 and 4 (25)
Page 1of 1 SUMSQ
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SUMX2MY2
See Also
Returns the sum of the difference of squares of corresponding values in two arrays.
Syntax
SUMX2MY2(array_x,array_y)
Array_x is the first array or range of values.
Array_y is the second array or range of values.
Remarks
The arguments should be either numbers or names, arrays, or references that contain numbers.
If an array or reference argument contains text, logical values, or empty cells, those values are ignored; however, cells with the
value zero are included.
If array_x and array_y have a different number of values, SUMX2MY2 returns the #N/A error value.
The equation for the sum of the difference of squares is:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
A B
First array Second array
2 6
3 5
9 11
1 7
8 5
7 4
5 4
Formula Description (Result)
=SUMX2MY2(A2:A8,B2:B8) Sum of the difference of squares of the two arrays above (-55)
=SUMX2MY2({2, 3, 9, 1, 8, 7, 5}, {6, 5, 11, 7, 5, 4, 4}) Sum of the difference of squares of the two arrays constants (-55)
Page 1of 1 SUMX2MY2
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SUMX2PY2
See Also
Returns the sum of the sum of squares of corresponding values in two arrays. The sum of the sum of squares is a common term in
many statistical calculations.
Syntax
SUMX2PY2(array_x,array_y)
Array_x is the first array or range of values.
Array_y is the second array or range of values.
Remarks
The arguments should be either numbers or names, arrays, or references that contain numbers.
If an array or reference argument contains text, logical values, or empty cells, those values are ignored; however, cells with the
value zero are included.
If array_x and array_y have a different number of values, SUMX2PY2 returns the #N/A error value.
The equation for the sum of the sum of squares is:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
A B
First array Second array
2 6
3 5
9 11
1 7
8 5
7 4
5 4
Formula Description (Result)
=SUMX2PY2(A2:A8,B2:B8) Sum of the sum of squares of the two arrays above (521)
=SUMX2PY2({2, 3, 9, 1, 8, 7, 5}, {6, 5, 11, 7, 5, 4, 4}) Sum of the sum of squares of the two arrays constants (521)
Page 1of 1 SUMX2PY2
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SUMXMY2
See Also
Returns the sum of squares of differences of corresponding values in two arrays.
Syntax
SUMXMY2(array_x,array_y)
Array_x is the first array or range of values.
Array_y is the second array or range of values.
Remarks
The arguments should be either numbers or names, arrays, or references that contain numbers.
If an array or reference argument contains text, logical values, or empty cells, those values are ignored; however, cells with the
value zero are included.
If array_x and array_y have a different number of values, SUMXMY2 returns the #N/A error value.
The equation for the sum of squared differences is:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
A B
First array Second array
2 6
3 5
9 11
1 7
8 5
7 4
5 4
Formula Description (Result)
=SUMXMY2(A2:A8,B2:B8) Sum of squares of differences of the two arrays above (79)
=SUMXMY2({2, 3, 9, 1, 8, 7, 5}, {6, 5, 11, 7, 5, 4, 4}) Sum of squares of differences of the two arrays constants (79)
Page 1of 1 SUMXMY2
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TAN
See Also
Returns the tangent of the given angle.
Syntax
TAN(number)
Number is the angle in radians for which you want the tangent.
Remark
If your argument is in degrees, multiply it by PI()/180 or use the RADIANS function to convert it to radians.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Formula Description (Result)
=TAN(0.785) Tangent of 0.785 radians (0.99920)
=TAN(45*PI()/180) Tangent of 45 degrees (1)
=TAN(RADIANS(45)) Tangent of 45 degrees (1)
Page 1of 1 TAN
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TANH
See Also
Returns the hyperbolic tangent of a number.
Syntax
TANH(number)
Number is any real number
Remark
The formula for the hyperbolic tangent is:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Formula Description (Result)
=TANH(-2) Hyperbolic tangent of -2 (-0.96403)
=TANH(0) Hyperbolic tangent of 0 (0)
=TANH(0.5) Hyperbolic tangent of 0.5 (0.462117)
Page 1of 1 TANH
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TRUNC
See Also
Truncates a number to an integer by removing the fractional part of the number.
Syntax
TRUNC(number,num_digits)
Number is the number you want to truncate.
Num_digits is a number specifying the precision of the truncation. The default value for num_digits is 0 (zero).
Remark
TRUNC and INT are similar in that both return integers. TRUNC removes the fractional part of the number. INT rounds numbers down
to the nearest integer based on the value of the fractional part of the number. INT and TRUNC are different only when using negative
numbers: TRUNC( - 4. 3) returns -4, but I NT( - 4. 3) returns -5 because -5 is the lower number.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Formula Description (Result)
=TRUNC(8.9) Integer part of 8.9 (8)
=TRUNC(-8.9) Integer part of -8.9 (-8)
=TRUNC(PI()) Integer part of pi (3)
Page 1of 1 TRUNC
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AVEDEV
See Also
Returns the average of the absolute deviations of data points from their mean. AVEDEV is a measure of the variability in a data
set.
Syntax
AVEDEV(number1,number2,...)
Number1, number2, ... are 1 to 30 arguments for which you want the average of the absolute deviations. You can also use a single
array or a reference to an array instead of arguments separated by commas.
Remarks
The arguments must either be numbers or be names, arrays, or references that contain numbers.
If an array or reference argument contains text, logical values, or empty cells, those values are ignored; however, cells with the
value zero are included.
The equation for average deviation is:

AVEDEV is influenced by the unit of measurement in the input data.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
A
Data
4
5
6
7
5
4
3
Formula Description (Result)
=AVEDEV(A2:A8) Average of the absolute deviations of the numbers above from their mean (1.020408)
Page 1of 1 AVEDEV
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AVERAGE
See Also
Returns the average (arithmetic mean) of the arguments.
Syntax
AVERAGE(number1,number2,...)
Number1, number2, ... are 1 to 30 numeric arguments for which you want the average.
Remarks
The arguments must either be numbers or be names, arrays, or references that contain numbers.
If an array or reference argument contains text, logical values, or empty cells, those values are ignored; however, cells with the
value zero are included.
Tip
When averaging cells, keep in mind the difference between empty cells and those containing the value zero, especially if you have
cleared the Zero values check box on the View tab (Options command, Tools menu). Empty cells are not counted, but zero values
are.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
A
Data
10
7
9
27
2
Formula Description (Result)
=AVERAGE(A2:A6) Average of the numbers above (11)
=AVERAGE(A2:A6, 5) Average of the numbers above and 5 (10)
Page 1of 1 AVERAGE
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AVERAGEA
See Also
Calculates the average (arithmetic mean) of the values in the list of arguments. In addition to numbers, text and logical values
such as TRUE and FALSE are included in the calculation.
Syntax
AVERAGEA(value1,value2,...)
Value1, value2, ... are 1 to 30 cells, ranges of cells, or values for which you want the average.
Remarks
The arguments must be numbers, names, arrays, or references.
Array or reference arguments that contain text evaluate as 0 (zero). Empty text ("") evaluates as 0 (zero). If the calculation must
not include text values in the average, use the AVERAGE function.
Arguments that contain TRUE evaluate as 1; arguments that contain FALSE evaluate as 0 (zero).
Tip
When averaging cells, keep in mind the difference between empty cells and those containing the value zero, especially if you have
cleared the Zero values check box on the View tab (Options command, Tools menu). Empty cells are not counted, but zero values
are.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
A
Data
10
7
9
2
Not available
Formula Description (Result)
=AVERAGEA(A2:A6) Average of the numbers above, and the text "Not Available". The cell with the text "Not available" is used
in the calculation. (5.6)
=AVERAGEA
(A2:A5,A7)
Average of the numbers above, and the empty cell. (7)
Page 1of 1 AVERAGEA
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BETADI ST
See Also
Returns the beta cumulative distribution function. The beta distribution is commonly used to study variation in the percentage of
something across samples, such as the fraction of the day people spend watching television.
Syntax
BETADI ST(x,alpha,beta,A,B)
X is the value between A and B at which to evaluate the function.
Alpha is a parameter of the distribution.
Beta is a parameter of the distribution.
A is an optional lower bound to the interval of x.
B is an optional upper bound to the interval of x.
Remarks
If any argument is nonnumeric, BETADIST returns the #VALUE! error value.
If alpha

0 or beta

0, BETADIST returns the #NUM! error value.

If x < A, x > B, or A = B, BETADIST returns the #NUM! error value.
If you omit values for A and B, BETADIST uses the standard cumulative beta distribution, so that A = 0 and B = 1.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
A B
Data Description
2 Value at which to evaluate the function
8 Parameter of the distribution
10 Parameter of the distribution
1 Lower bound
3 Upper bound
Formula Description (Result)
=BETADIST(A2,A3,A4,A5,A6) Cumulative beta probability density function, for the above parameters (0.685470581)
Page 1of 1 BETADIST
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BETAI NV
See Also
Returns the inverse of the cumulative distribution function for a specified beta distribution. That is, if probability = BETADIST
(x,...), then BETAINV(probability,...) = x. The beta distribution can be used in project planning to model probable completion times
given an expected completion time and variability.
Syntax
BETAI NV(probability,alpha,beta,A,B)
Probability is a probability associated with the beta distribution.
Alpha is a parameter of the distribution.
Beta is a parameter the distribution.
A is an optional lower bound to the interval of x.
B is an optional upper bound to the interval of x.
Remarks
If any argument is nonnumeric, BETAINV returns the #VALUE! error value.
If alpha

0 or beta

0, BETAINV returns the #NUM! error value.

If probability

0 or probability > 1, BETAINV returns the #NUM! error value.

If you omit values for A and B, BETAINV uses the standard cumulative beta distribution, so that A = 0 and B = 1.
Given a value for probability, BETAINV seeks that value x such that BETADIST(x, alpha, beta, A, B) = probability. Thus, precision of
BETAINV depends on precision of BETADIST. BETAINV uses an iterative search technique. If the search has not converged after 100
iterations, the function returns the #N/A error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
A B
Data Description
0.685470581 Probability associated with the beta distribution
8 Parameter of the distribution
10 Parameter of the distribution
1 Lower bound
3 Upper bound
Formula Description (Result)
=BETAINV(A2,A3,A4,A5,A6) Inverse of the cumulative beta probability density function for the parameters above (2)
Page 1of 1 BETAINV
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BI NOMDI ST
See Also
Returns the individual term binomial distribution probability. Use BINOMDIST in problems with a fixed number of tests or trials,
when the outcomes of any trial are only success or failure, when trials are independent, and when the probability of success is
constant throughout the experiment. For example, BINOMDIST can calculate the probability that two of the next three babies born are
male.
Syntax
BINOMDI ST(number_s,trials,probability_s,cumulative)
Number_s is the number of successes in trials.
Trials is the number of independent trials.
Probability_s is the probability of success on each trial.
Cumulative is a logical value that determines the form of the function. If cumulative is TRUE, then BINOMDIST returns the
cumulative distribution function, which is the probability that there are at most number_s successes; if FALSE, it returns the probability
mass function, which is the probability that there are number_s successes.
Remarks
Number_s and trials are truncated to integers.
If number_s, trials, or probability_s is nonnumeric, BINOMDIST returns the #VALUE! error value.
If number_s < 0 or number_s > trials, BINOMDIST returns the #NUM! error value.
If probability_s < 0 or probability_s > 1, BINOMDIST returns the #NUM! error value.
The binomial probability mass function is:

where:

is COMBIN(n,x).
The cumulative binomial distribution is:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Data Description
6 Number of successes in trials
10 Number of independent trials
0.5 Probability of success on each trial
Formula Description (Result)
=BINOMDIST(A2,A3,A4,FALSE) Probability of exactly 6 of 10 trials being successful (0.205078)
Page 1of 1 BINOMDIST
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CHI DI ST
See Also
Returns the one-tailed probability of the chi-squared distribution. The
c2
distribution is associated with a
c2
test. Use the
c2
test to
compare observed and expected values. For example, a genetic experiment might hypothesize that the next generation of plants will
exhibit a certain set of colors. By comparing the observed results with the expected ones, you can decide whether your original
hypothesis is valid.
Syntax
CHI DI ST(x,degrees_freedom)
X is the value at which you want to evaluate the distribution.
Degrees_freedom is the number of degrees of freedom.
Remarks
If either argument is nonnumeric, CHIDIST returns the #VALUE! error value.
If x is negative, CHIDIST returns the #NUM! error value.
If degrees_freedom is not an integer, it is truncated.
If degrees_freedom < 1 or degrees_freedom

10^10, CHIDIST returns the #NUM! error value.

CHIDIST is calculated as CHIDIST = P(X>x), where X is a
c2
random variable.

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Data Description
18.307 Value at which you want to evaluate the distribution
10 Degrees of freedom
Formula Description (Result)
=CHIDIST(A2,A3) One-tailed probability of the chi-squared distribution, for the above terms (0.050001)
Page 1of 1 CHIDIST
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CHI I NV
See Also
Returns the inverse of the one-tailed probability of the chi-squared distribution. If probability = CHIDIST(x,...), then CHIINV
(probability,...) = x. Use this function to compare observed results with expected ones in order to decide whether your original
hypothesis is valid.
Syntax
CHI INV(probability,degrees_freedom)
Probability is a probability associated with the chi-squared distribution.
Degrees_freedom is the number of degrees of freedom.
Remarks
If either argument is nonnumeric, CHIINV returns the #VALUE! error value.
If probability < 0 or probability > 1, CHIINV returns the #NUM! error value.
If degrees_freedom is not an integer, it is truncated.
If degrees_freedom < 1 or degrees_freedom

10^10, CHIINV returns the #NUM! error value.

Given a value for probability, CHIINV seeks that value x such that CHIDIST(x, degrees_freedom) = probability. Thus, precision of
CHIINV depends on precision of CHIDIST. CHIINV uses an iterative search technique. If the search has not converged after 100
iterations, the function returns the #N/A error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Data Description
0.05 Probability associated with the chi-squared distribution
10 Degrees of freedom
Formula Description (Result)
=CHIINV(A2,A3) Inverse of the one-tailed probability of the chi-squared distribution (18.30703)
Page 1of 1 CHIINV
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CHI TEST
See Also
Returns the test for independence. CHITEST returns the value from the chi-squared (c
2
) distribution for the statistic and the
appropriate degrees of freedom. You can use c
2
tests to determine whether hypothesized results are verified by an experiment.

Syntax
CHI TEST(actual_ range,expected_range)
Actual_range is the range of data that contains observations to test against expected values.
Expected_range is the range of data that contains the ratio of the product of row totals and column totals to the grand total.
Remarks
If actual_range and expected_range have a different number of data points, CHITEST returns the #N/A error value.
The c
2
test first calculates a c
2
statistic using the formula:

where:
A
ij
= actual frequency in the i-th row, j-th column

E
ij
= expected frequency in the i-th row, j-th column

r = number or rows
c = number of columns
A low value of c
2
is an indicator of independence. As can be seen from the formula, c
2
is always positive or 0, and is 0 only if A
ij
= E
ij
for every i,j.
CHITEST returns the probability that a value of the c
2
statistic at least as high as the value calculated by the above formula could
have happened by chance under the assumption of independence. In computing this probability, CHITEST uses thec
2
distribution
with an appropriate number of degrees of freedom, df. If r > 1 and c > 1, then df = (r - 1)(c - 1). If r = 1 and c > 1, then df = c -
1 or if r > 1 and c = 1, then df = r - 1. r = c= 1 is not allowed and #N/A is returned.
Use of CHITEST is most appropriate when E
ij
s are not too small. Some statisticians suggest that each E
ij
should be greater than or
equal to 5.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
A B C
Men (Actual) Women (Actual) Description
58 35 Agree
11 25 Neutral
10 23 Disagree
Men (Expected) Women (Expected) Description
45.35 47.65 Agree
17.56 18.44 Neutral
16.09 16.91 Disagree
Formula Description (Result)
=CHITEST(A2:B4,A6:B8)
The c
2
statistic for the data above is 16.16957 with 2 degrees of freedom (0.000308)
Page 1of 1 CHITEST
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CONFI DENCE
See Also
Returns a value that you can use to construct a confidence interval for a population mean. The confidence interval is a range of
values. Your sample mean, x, is at the center of this range and the range is x CONFIDENCE. For example, if x is the sample
mean of delivery times for products ordered through the mail, x CONFIDENCE is a range of population means. For any population
mean,
0
, in this range, the probability of obtaining a sample mean further from
0
than x is greater than alpha; for any population
mean,
0
, not in this range, the probability of obtaining a sample mean further from
0
than x is less than alpha. In other words,
assume that we use x, standard_dev, and size to construct a two-tailed test at significance level alpha of the hypothesis that the
population mean is
0
. Then we will not reject that hypothesis if
0
is in the confidence interval and will reject that hypothesis if
0
is
not in the confidence interval. The confidence interval does not allow us to infer that there is probability 1 alpha that our next
package will take a delivery time that is in the confidence interval.
Syntax
CONFI DENCE(alpha,standard_dev,size)
Alpha is the significance level used to compute the confidence level. The confidence level equals 100*(1 - alpha)%, or in other
words, an alpha of 0.05 indicates a 95 percent confidence level.
Standard_dev is the population standard deviation for the data range and is assumed to be known.
Size is the sample size.
Remarks
If any argument is nonnumeric, CONFIDENCE returns the #VALUE! error value.
If alpha

0 or alpha

1, CONFIDENCE returns the #NUM! error value.

If standard_dev

0, CONFIDENCE returns the #NUM! error value.

If size is not an integer, it is truncated.
If size < 1, CONFIDENCE returns the #NUM! error value.
If we assume alpha equals 0.05, we need to calculate the area under the standard normal curve that equals (1 - alpha), or 95
percent. This value is 1.96. The confidence interval is therefore:

Example
Suppose we observe that, in our sample of 50 commuters, the average length of travel to work is 30 minutes with a population
standard deviation of 2.5. With alpha = .05, CONFIDENCE(.05, 2.5, 50) returns 0.69291. The corresponding confidence interval is then
30 0.69291 = approximately [29.3, 30.7]. For any population mean,
0
, in this interval, the probability of obtaining a sample mean
further from
0
than 30 is more than 0.05. Likewise, for any population mean,
0
, outside this interval, the probability of obtaining a
sample mean further from
0
than 30 is less than 0.05.
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Data Description
0.05 Significance level
2.5 Standard deviation of the population
50 Sample size
Formula Description (Result)
=CONFIDENCE
(A2,A3,A4)
Confidence interval for a population mean. In other words, the confidence interval for the underlying
population mean for travel to work equals 30 0.692951 minutes, or 29.3 to 30.7 minutes. (0.692951)
Page 1of 1 CONFIDENCE
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CORREL
See Also
Returns the correlation coefficient of the array1 and array2 cell ranges. Use the correlation coefficient to determine the relationship
between two properties. For example, you can examine the relationship between a location's average temperature and the use of
air conditioners.
Syntax
CORREL(array1,array2)
Array1 is a cell range of values.
Array2 is a second cell range of values.
Remarks
If an array or reference argument contains text, logical values, or empty cells, those values are ignored; however, cells with the
value zero are included.
If array1 and array2 have a different number of data points, CORREL returns the #N/A error value.
If either array1 or array2 is empty, or if s (the standard deviation) of their values equals zero, CORREL returns the #DIV/0! error
value.
The equation for the correlation coefficient is:

where x and y are the sample means AVERAGE(array1) and AVERAGE(array2).
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
A B
Data1 Data2
3 9
2 7
4 12
5 15
6 17
Formula Description (Result)
=CORREL(A2:A6,B2:B6) Correlation coefficient of the two data sets above (0.997054)
Page 1of 1 CORREL
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COUNT
See Also
Counts the number of cells that contain numbers and also numbers within the list of arguments. Use COUNT to get the number of
entries in a number field that's in a range or array of numbers.
Syntax
COUNT(value1,value2,...)
Value1, value2, ... are 1 to 30 arguments that can contain or refer to a variety of different types of data, but only numbers are
counted.
Remarks
Arguments that are numbers, dates, or text representations of numbers are counted; arguments that are error values or text that
cannot be translated into numbers are ignored.
If an argument is an array or reference, only numbers in that array or reference are counted. Empty cells, logical values, text, or
error values in the array or reference are ignored. If you need to count logical values, text, or error values, use the COUNTA
function.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
A
Data
Sales
12/8/2008

19
22.24
TRUE
#DIV/0!
Formula Description (Result)
=COUNT(A2:A8) Counts the number of cells that contain numbers in the list above (3)
=COUNT(A5:A8) Counts the number of cells that contain numbers in the last 4 rows of the list (2)
=COUNT(A2:A8,2) Counts the number of cells that contain numbers in the list, and the value 2 (4)
Page 1of 1 COUNT
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COUNTA
See Also
Counts the number of cells that are not empty and the values within the list of arguments. Use COUNTA to count the number of
cells that contain data in a range or array.
Syntax
COUNTA(value1,value2,...)
Value1, value2, ... are 1 to 30 arguments representing the values you want to count. In this case, a value is any type of information,
including empty text ("") but not including empty cells. If an argument is an array or reference, empty cells within the array or
reference are ignored. If you do not need to count logical values, text, or error values, use the COUNT function.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
A
Data
Sales
12/8/2008

19
22.24
TRUE
#DIV/0!
Formula Description (Result)
=COUNTA(A2:A8) Counts the number of nonblank cells in the list above (6)
=COUNTA(A5:A8) Counts the number of nonblank cells in the last 4 rows of the list (4)
=COUNTA(A1:A7,2) Counts the number of nonblank cells in the list above and the value 2 (7)
=COUNTA(A1:A7,"Two") Counts the number of nonblank cells in the list above and the value "Two" (7)
Page 1of 1 COUNTA
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COUNTBLANK
See Also
Counts empty cells in a specified range of cells.
Syntax
COUNTBLANK(range)
Range is the range from which you want to count the blank cells.
Remark
Cells with formulas that return "" (empty text) are also counted. Cells with zero values are not counted.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
A B
Data Data

6 =IF(B4<30,"",B4)
27
4 34
Formula Description (Result)
=COUNTBLANK(A2:B5) Counts empty cells in the range above. The formula returns empty text. (4)
Page 1of 1 COUNTBLANK
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COUNTI F
See Also
Counts the number of cells within a range that meet the given criteria.
Syntax
COUNTI F(range,criteria)
Range is the range of cells from which you want to count cells.
Criteria is the criteria in the form of a number, expression, or text that defines which cells will be counted. For example, criteria can
be expressed as 32, "32", ">32", "apples".
Remark
Microsoft Excel provides additional functions that can be used to analyze your data based on a condition. For example, to calculate a
sum based on a string of text or a number within a range, use the SUMIF worksheet function. To have a formula return one of two
values based on a condition, such as a sales bonus based on a specified sales amount, use the IF worksheet function.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
A B
Data Data
apples 32
oranges 54
peaches 75
apples 86
Formula Description (Result)
=COUNTIF(A2:A5,"apples") Number of cells with apples in the first column above (2)
=COUNTIF(B2:B5,">55") Number of cells with a value greater than 55 in the second column above (2)
Page 1of 1 COUNTIF
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COVAR
See Also
Returns covariance, the average of the products of deviations for each data point pair. Use covariance to determine the
relationship between two data sets. For example, you can examine whether greater income accompanies greater levels of
education.
Syntax
COVAR(array1,array2)
Array1 is the first cell range of integers.
Array2 is the second cell range of integers.
Remarks
The arguments must either be numbers or be names, arrays, or references that contain numbers.
If an array or reference argument contains text, logical values, or empty cells, those values are ignored; however, cells with the
value zero are included.
If array1 and array2 have different numbers of data points, COVAR returns the #N/A error value.
If either array1 or array2 is empty, COVAR returns the #DIV/0! error value.
The covariance is:

where x and y are the sample means AVERAGE(array1) and AVERAGE(array2), and n is the sample size.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
A B
Data1 Data2
3 9
2 7
4 12
5 15
6 17
Formula Description (Result)
=COVAR(A2:A6, B2:B6) Covariance, the average of the products of deviations for each data point pair above (5.2)
Page 1of 1 COVAR
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CRI TBI NOM
See Also
Returns the smallest value for which the cumulative binomial distribution is greater than or equal to a criterion value. Use this
function for quality assurance applications. For example, use CRITBINOM to determine the greatest number of defective parts that
are allowed to come off an assembly line run without rejecting the entire lot.
Syntax
CRI TBI NOM(trials,probability_s,alpha)
Trials is the number of Bernoulli trials.
Probability_s is the probability of a success on each trial.
Alpha is the criterion value.
Remarks
If any argument is nonnumeric, CRITBINOM returns the #VALUE! error value.
If trials is not an integer, it is truncated.
If trials < 0, CRITBINOM returns the #NUM! error value.
If probability_s is < 0 or probability_s > 1, CRITBINOM returns the #NUM! error value.
If alpha < 0 or alpha > 1, CRITBINOM returns the #NUM! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Data Description
6 Number of Bernoulli trials
0.5 Probability of a success on each trial
0.75 Criterion value
Formula Description (Result)
=CRITBINOM
(A2,A3,A4)
Smallest value for which the cumulative binomial distribution is greater than or equal to a criterion value
(4)
Page 1of 1 CRITBINOM
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DEVSQ
See Also
Returns the sum of squares of deviations of data points from their sample mean.
Syntax
DEVSQ(number1,number2,...)
Number1, number2, ... are 1 to 30 arguments for which you want to calculate the sum of squared deviations. You can also use a
single array or a reference to an array instead of arguments separated by commas.
Remarks
The arguments must be numbers, or names, arrays, or references that contain numbers.
If an array or reference argument contains text, logical values, or empty cells, those values are ignored; however, cells with the
value zero are included.
The equation for the sum of squared deviations is:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
A
Data
4
5
8
7
11
4
3
Formula Description (Result)
=DEVSQ(A2:A8) Sum of squares of deviations of data above from their sample mean (48)
Page 1of 1 DEVSQ
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EXPONDI ST
See Also
Returns the exponential distribution. Use EXPONDIST to model the time between events, such as how long an automated bank
teller takes to deliver cash. For example, you can use EXPONDIST to determine the probability that the process takes at most 1
minute.
Syntax
EXPONDI ST(x,lambda,cumulative)
X is the value of the function.
Lambda is the parameter value.
Cumulative is a logical value that indicates which form of the exponential function to provide. If cumulative is TRUE, EXPONDIST
returns the cumulative distribution function; if FALSE, it returns the probability density function.
Remarks
If x or lambda is nonnumeric, EXPONDIST returns the #VALUE! error value.
If x < 0, EXPONDIST returns the #NUM! error value.
If lambda

0, EXPONDIST returns the #NUM! error value.

The equation for the probability density function is:

The equation for the cumulative distribution function is:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Data Description
0.2 Value of the function
10 Parameter value
Formula Description (Result)
=EXPONDIST(A2,A3,TRUE) Cumulative exponential distribution function (0.864665)
=EXPONDIST(0.2,10,FALSE) Probability exponential distribution function (1.353353)
Page 1of 1 EXPONDIST
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FDI ST
See Also
Returns the F probability distribution. You can use this function to determine whether two data sets have different degrees of
diversity. For example, you can examine the test scores of men and women entering high school and determine if the variability in
the females is different from that found in the males.
Syntax
FDI ST(x,degrees_freedom1,degrees_freedom2)
X is the value at which to evaluate the function.
Degrees_freedom1 is the numerator degrees of freedom.
Degrees_freedom2 is the denominator degrees of freedom.
Remarks
If any argument is nonnumeric, FDIST returns the #VALUE! error value.
If x is negative, FDIST returns the #NUM! error value.
If degrees_freedom1 or degrees_freedom2 is not an integer, it is truncated.
If degrees_freedom1 < 1 or degrees_freedom1

10^10, FDIST returns the #NUM! error value.

If degrees_freedom2 < 1 or degrees_freedom2

10^10, FDIST returns the #NUM! error value.

FDIST is calculated as FDIST=P( F>x ), where F is a random variable that has an F distribution with degrees_freedom1 and
degrees_freedom2 degrees of freedom.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Data Description
15.20675 Value at which to evaluate the function
6 Numerator degrees of freedom
4 Denominator degrees of freedom
Formula Description (Result)
=FDIST(A2,A3,A4) F probability distribution for the terms above (0.01)
Page 1of 1 FDIST
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FI NV
See Also
Returns the inverse of the F probability distribution. If p = FDIST(x,...), then FINV(p,...) = x.
The F distribution can be used in an F-test that compares the degree of variability in two data sets. For example, you can analyze
income distributions in the United States and Canada to determine whether the two countries have a similar degree of income diversity.
Syntax
FI NV(probability,degrees_freedom1,degrees_freedom2)
Probability is a probability associated with the F cumulative distribution.
Degrees_freedom1 is the numerator degrees of freedom.
Degrees_freedom2 is the denominator degrees of freedom.
Remarks
If any argument is nonnumeric, FINV returns the #VALUE! error value.
If probability < 0 or probability > 1, FINV returns the #NUM! error value.
If degrees_freedom1 or degrees_freedom2 is not an integer, it is truncated.
If degrees_freedom1 < 1 or degrees_freedom1

10^10, FINV returns the #NUM! error value.

If degrees_freedom2 < 1 or degrees_freedom2

10^10, FINV returns the #NUM! error value.

FINV can be used to return critical values from the F distribution. For example, the output of an ANOVA calculation often includes data
for the F statistic, F probability, and F critical value at the 0.05 significance level. To return the critical value of F, use the significance
level as the probability argument to FINV.
Given a value for probability, FINV seeks that value x such that FDIST(x, degrees_freedom1, degrees_freedom2) = probability. Thus,
precision of FINV depends on precision of FDIST. FINV uses an iterative search technique. If the search has not converged after 100
iterations, the function returns the #N/A error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Data Description
0.01 Probability associated with the F cumulative distribution
6 Numerator degrees of freedom
4 Denominator degrees of freedom
Formula Description (Result)
=FINV(A2,A3,A4) Inverse of the F probability distribution for the terms above (15.20675)
Page 1of 1 FINV
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FI SHER
See Also
Returns the Fisher transformation at x. This transformation produces a function that is normally distributed rather than skewed.
Use this function to perform hypothesis testing on the correlation coefficient.
Syntax
FI SHER(x)
X is a numeric value for which you want the transformation.
Remarks
If x is nonnumeric, FISHER returns the #VALUE! error value.
If x

-1 or if x

1, FISHER returns the #NUM! error value.

The equation for the Fisher transformation is:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
A B
Formula Description (Result)
=FISHER(0.75) Fisher transformation at 0.75 (0.972955)
Page 1of 1 FISHER
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FI SHERI NV
See Also
Returns the inverse of the Fisher transformation. Use this transformation when analyzing correlations between ranges or arrays of
data. If y = FISHER(x), then FISHERINV(y) = x.
Syntax
FI SHERI NV(y)
Y is the value for which you want to perform the inverse of the transformation.
Remarks
If y is nonnumeric, FISHERINV returns the #VALUE! error value.
The equation for the inverse of the Fisher transformation is:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
A B
Formula Description (Result)
=FISHERINV(0.972955) Inverse of the Fisher transformation at 0.972955 (0.75)
Page 1of 1 FISHERINV
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FORECAST
See Also
Calculates, or predicts, a future value by using existing values. The predicted value is a y-value for a given x-value. The known
values are existing x-values and y-values, and the new value is predicted by using linear regression. You can use this function to
predict future sales, inventory requirements, or consumer trends.
Syntax
FORECAST(x,known_y's,known_x's)
X is the data point for which you want to predict a value.
Known_y's is the dependent array or range of data.
Known_x's is the independent array or range of data.
Remarks
If x is nonnumeric, FORECAST returns the #VALUE! error value.
If known_y's and known_x's are empty or contain a different number of data points, FORECAST returns the #N/A error value.
If the variance of known_x's equals zero, then FORECAST returns the #DIV/0! error value.
The equation for FORECAST is a+bx, where:

and:

and where x and y are the sample means AVERAGE(known_x's) and AVERAGE(known y's).
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
A B
Known Y Known X
6 20
7 28
9 31
15 38
21 40
Formula Description (Result)
=FORECAST(30,A2:A6,B2:B6) Predicts a value for y given an x value of 30 (10.60725)
Page 1of 1 FORECAST
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FREQUENCY
See Also
Calculates how often values occur within a range of values, and then returns a vertical array of numbers. For example, use
FREQUENCY to count the number of test scores that fall within ranges of scores. Because FREQUENCY returns an array, it must be
entered as an array formula.
Syntax
FREQUENCY(data_array,bins_array)
Data_array is an array of or reference to a set of values for which you want to count frequencies. If data_array contains no values,
FREQUENCY returns an array of zeros.
Bins_array is an array of or reference to intervals into which you want to group the values in data_array. If bins_array contains no
values, FREQUENCY returns the number of elements in data_array.
Remarks
FREQUENCY is entered as an array formula after you select a range of adjacent cells into which you want the returned distribution
to appear.
The number of elements in the returned array is one more than the number of elements in bins_array. The extra element in the
returned array returns the count of any values above the highest interval. For example, when counting three ranges of values
(intervals) that are entered into three cells, be sure to enter FREQUENCY into four cells for the results. The extra cell returns the
number of values in data_array that are greater than the third interval value.
FREQUENCY ignores blank cells and text.
Formulas that return arrays must be entered as array formulas.
Example
This example assumes all test scores are integers.
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note The formula in the example must be entered as an array formula. After copying the example to a blank worksheet, select the
range A13:A16 starting with the formula cell. Press F2, and then press CTRL+SHIFT+ENTER. If the formula is not entered as an array
formula, the single result is 1.

1
2
3
4
5
6
7
8
9
10
A B
Scores Bins
79 70
85 79
78 89
85
50
81
95
88
97
Formula Description (Result)
=FREQUENCY(A2:A10,B2:B5) Number of scores less than or equal to 70 (1)
Number of scores in the bin 71-79 (2)
Number of scores in the bin 80-89 (4)
Number of scores greater than or equal to 90 (2)
Page 1of 1 FREQUENCY
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FTEST
See Also
Returns the result of an F-test. An F-test returns the one-tailed probability that the variances in array1 and array2 are not
significantly different. Use this function to determine whether two samples have different variances. For example, given test scores
from public and private schools, you can test whether these schools have different levels of test score diversity.
Syntax
FTEST(array1,array2)
Array1 is the first array or range of data.
Array2 is the second array or range of data.
Remarks
The arguments must be either numbers or names, arrays, or references that contain numbers.
If an array or reference argument contains text, logical values, or empty cells, those values are ignored; however, cells with the
value zero are included.
If the number of data points in array1 or array2 is less than 2, or if the variance of array1 or array2 is zero, FTEST returns the
#DIV/0! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
A B
Data1 Data2
6 20
7 28
9 31
15 38
21 40
Formula Description (Result)
=FTEST(A2:A6,B2:B6) F-test for the data sets above (0.648318)
Page 1of 1 FTEST
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GAMMADI ST
See Also
Returns the gamma distribution. You can use this function to study variables that may have a skewed distribution. The gamma
distribution is commonly used in queuing analysis.
Syntax
GAMMADI ST(x,alpha,beta,cumulative)
X is the value at which you want to evaluate the distribution.
Alpha is a parameter to the distribution.
Beta is a parameter to the distribution. If beta = 1, GAMMADIST returns the standard gamma distribution.
Cumulative is a logical value that determines the form of the function. If cumulative is TRUE, GAMMADIST returns the cumulative
distribution function; if FALSE, it returns the probability density function.
Remarks
If x, alpha, or beta is nonnumeric, GAMMADIST returns the #VALUE! error value.
If x < 0, GAMMADIST returns the #NUM! error value.
If alpha

0 or if beta

0, GAMMADIST returns the #NUM! error value.

The equation for the gamma probability density function is:

The standard gamma probability density function is:

When alpha = 1, GAMMADIST returns the exponential distribution with:

For a positive integer n, when alpha = n/2, beta = 2, and cumulative = TRUE, GAMMADIST returns (1 - CHIDIST(x)) with n
degrees of freedom.
When alpha is a positive integer, GAMMADIST is also known as the Erlang distribution.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Data Description
10 Value at which you want to evaluate the distribution
9 Alpha parameter to the distribution
2 Beta parameter to the distribution
Formula Description (Result)
=GAMMADIST(A2,A3,A4,FALSE) Probability gamma distribution with the terms above (0.032639)
=GAMMADIST(A2,A3,A4,TRUE) Cumulative gamma distribution with the terms above (0.068094)
Page 1of 1 GAMMADIST
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GAMMAI NV
See Also
Returns the inverse of the gamma cumulative distribution. If p = GAMMADIST(x,...), then GAMMAINV(p,...) = x.
You can use this function to study a variable whose distribution may be skewed.
Syntax
GAMMAI NV(probability,alpha,beta)
Probability is the probability associated with the gamma distribution.
Alpha is a parameter to the distribution.
Beta is a parameter to the distribution. If beta = 1, GAMMAINV returns the standard gamma distribution.
Remarks
If any argument is nonnumeric, GAMMAINV returns the #VALUE! error value.
If probability < 0 or probability > 1, GAMMAINV returns the #NUM! error value.
If alpha

0 or if beta

0, GAMMAINV returns the #NUM! error value.

Given a value for probability, GAMMAINV seeks that value x such that GAMMADIST(x, alpha, beta, TRUE) = probability. Thus, precision
of GAMMAINV depends on precision of GAMMADIST. GAMMAINV uses an iterative search technique. If the search has not converged
after 100 iterations, the function returns the #N/A error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Data Description
0.068094 Probability associated with the gamma distribution
9 Alpha parameter to the distribution
2 Beta parameter to the distribution
Formula Description (Result)
=GAMMAINV(A2,A3,A4) Inverse of the gamma cumulative distribution for the above terms (10)
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GAMMALN
See Also
Returns the natural logarithm of the gamma function, (x).
Syntax
GAMMALN(x)
X is the value for which you want to calculate GAMMALN.
Remarks
If x is nonnumeric, GAMMALN returns the #VALUE! error value.
If x

0, GAMMALN returns the #NUM! error value.

The number e raised to the GAMMALN(i) power, where i is an integer, returns the same result as (i - 1)!.
GAMMALN is calculated as follows:

where:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
A B
Formula Description (Result)
=GAMMALN(4) Natural logarithm of the gamma function at 4 (1.791759)
Page 1of 1 GAMMALN
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GEOMEAN
See Also
Returns the geometric mean of an array or range of positive data. For example, you can use GEOMEAN to calculate average
growth rate given compound interest with variable rates.
Syntax
GEOMEAN(number1,number2,...)
Number1, number2, ... are 1 to 30 arguments for which you want to calculate the mean. You can also use a single array or a
reference to an array instead of arguments separated by commas.
Remarks
The arguments must be either numbers or names, arrays, or references that contain numbers.
If an array or reference argument contains text, logical values, or empty cells, those values are ignored; however, cells with the
value zero are included.
If any data point

0, GEOMEAN returns the #NUM! error value.

The equation for the geometric mean is:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
A
Data
4
5
8
7
11
4
3
Formula Description (Result)
=GEOMEAN(A2:A8) Geometric mean of the data set above (5.476987)
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GROWTH
See Also
Calculates predicted exponential growth by using existing data. GROWTH returns the y-values for a series of new x-values that you
specify by using existing x-values and y-values. You can also use the GROWTH worksheet function to fit an exponential curve to
existing x-values and y-values.
Syntax
GROWTH(known_y's,known_x's,new_x's,const)
Known_y's is the set of y-values you already know in the relationship y = b*m^x.
If the array known_y's is in a single column, then each column of known_x's is interpreted as a separate variable.
If the array known_y's is in a single row, then each row of known_x's is interpreted as a separate variable.
If any of the numbers in known_y's is 0 or negative, GROWTH returns the #NUM! error value.
Known_x's is an optional set of x-values that you may already know in the relationship y = b*m^x.
The array known_x's can include one or more sets of variables. If only one variable is used, known_y's and known_x's can be
ranges of any shape, as long as they have equal dimensions. If more than one variable is used, known_y's must be a vector (that
is, a range with a height of one row or a width of one column).
If known_x's is omitted, it is assumed to be the array {1,2,3,...} that is the same size as known_y's.
New_x's are new x-values for which you want GROWTH to return corresponding y-values.
New_x's must include a column (or row) for each independent variable, just as known_x's does. So, if known_y's is in a single
column, known_x's and new_x's must have the same number of columns. If known_y's is in a single row, known_x's and new_x's
must have the same number of rows.
If new_x's is omitted, it is assumed to be the same as known_x's.
If both known_x's and new_x's are omitted, they are assumed to be the array {1,2,3,...} that is the same size as known_y's.
Const is a logical value specifying whether to force the constant b to equal 1.
If const is TRUE or omitted, b is calculated normally.
If const is FALSE, b is set equal to 1 and the m-values are adjusted so that y = m^x.
Remarks
Formulas that return arrays must be entered as array formulas after selecting the correct number of cells.
When entering an array constant for an argument such as known_x's, use commas to separate values in the same row and
semicolons to separate rows.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
This example uses the same data as the LOGEST example. The first formula shows corresponding values to the known values. The
second formula predicts the next months values, if the exponential trend continues.
Note The formula in the example must be entered as an array formula. After copying the example to a blank worksheet, select the

1
2
3
4
5
6
7
A B C
Month Units Formula (Corresponding Units)
11 33,100 =GROWTH(B2:B7,A2:A7)
12 47,300
13 69,000
14 102,000
15 150,000
16 220,000
Month Formula (Predicted Units)
17 =GROWTH(B2:B7,A2:A7, A9:A10)
18
Page 1of 2 GROWTH
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range C2:C7 or B9:B10 starting with the formula cell. Press F2, and then press CTRL+SHIFT+ENTER. If the formula is not entered as
an array formula, the single results are 32618.20377 and 320196.7184.
Page 2of 2 GROWTH
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HARMEAN
See Also
Returns the harmonic mean of a data set. The harmonic mean is the reciprocal of the arithmetic mean of reciprocals.
Syntax
HARMEAN(number1,number2,...)
Number1, number2, ... are 1 to 30 arguments for which you want to calculate the mean. You can also use a single array or a
reference to an array instead of arguments separated by commas.
Remarks
The arguments must be either numbers or names, arrays, or references that contain numbers.
If an array or reference argument contains text, logical values, or empty cells, those values are ignored; however, cells with the
value zero are included.
If any data point

0, HARMEAN returns the #NUM! error value.

The harmonic mean is always less than the geometric mean, which is always less than the arithmetic mean.
The equation for the harmonic mean is:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
A
Data
4
5
8
7
11
4
3
Formula Description (Result)
=HARMEAN(A2:A8) Harmonic mean of the data set above (5.028376)
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HYPGEOMDI ST
See Also
Returns the hypergeometric distribution. HYPGEOMDIST returns the probability of a given number of sample successes, given the
sample size, population successes, and population size. Use HYPGEOMDIST for problems with a finite population, where each
observation is either a success or a failure, and where each subset of a given size is chosen with equal likelihood.
Syntax
HYPGEOMDI ST(sample_s,number_sample,population_s,number_population)
Sample_s is the number of successes in the sample.
Number_sample is the size of the sample.
Population_s is the number of successes in the population.
Number_population is the population size.
Remarks
All arguments are truncated to integers.
If any argument is nonnumeric, HYPGEOMDIST returns the #VALUE! error value.
If sample_s < 0 or sample_s is greater than the lesser of number_sample or population_s, HYPGEOMDIST returns the #NUM! error
value.
If sample_s is less than the larger of 0 or (number_sample - number_population + population_s), HYPGEOMDIST returns the
#NUM! error value.
If number_sample < 0 or number_sample > number_population, HYPGEOMDIST returns the #NUM! error value.
If population_s < 0 or population_s > number_population, HYPGEOMDIST returns the #NUM! error value.
If number_population < 0, HYPGEOMDIST returns the #NUM! error value.
The equation for the hypergeometric distribution is:

where:
x = sample_s
n = number_sample
M = population_s
N = number_population
HYPGEOMDIST is used in sampling without replacement from a finite population.
Example
A sampler of chocolates contains 20 pieces. Eight pieces are caramels, and the remaining 12 are nuts. If a person selects 4 pieces at
random, the following function returns the probability that exactly 1 piece is a caramel.
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
A B
Data Description
1 Number of successes in the sample
4 Sample size
8 Number of successes in the population
20 Population size
Formula Description (Result)
Page 1of 2 HYPGEOMDIST
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=HYPGEOMDIST(A2,A3,A4,A5) Hypergeometric distribution for sample and population above (0.363261)
Page 2of 2 HYPGEOMDIST
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I NTERCEPT
See Also
Calculates the point at which a line will intersect the y-axis by using existing x-values and y-values. The intercept point is based on
a best-fit regression line plotted through the known x-values and known y-values. Use the INTERCEPT function when you want to
determine the value of the dependent variable when the independent variable is 0 (zero). For example, you can use the INTERCEPT
function to predict a metal's electrical resistance at 0C when your data points were taken at room temperature and higher.
Syntax
INTERCEPT(known_y's,known_x's)
Known_y's is the dependent set of observations or data.
Known_x's is the independent set of observations or data.
Remarks
The arguments should be either numbers or names, arrays, or references that contain numbers.
If an array or reference argument contains text, logical values, or empty cells, those values are ignored; however, cells with the
value zero are included.
If known_y's and known_x's contain a different number of data points or contain no data points, INTERCEPT returns the #N/A error
value.
The equation for the intercept of the regression line, a, is:

where the slope, b, is calculated as:

and where x and y are the sample means AVERAGE(known_x's) and AVERAGE(known_y's).
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
A B
Known y Known x
2 6
3 5
9 11
1 7
8 5
Formula Description (Result)
=INTERCEPT(A2:A6, B2:B6) Point at which a line will intersect the y-axis by using the x-values and y-values above (0.0483871)
Page 1of 1 INTERCEPT
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KURT
See Also
Returns the kurtosis of a data set. Kurtosis characterizes the relative peakedness or flatness of a distribution compared with the
normal distribution. Positive kurtosis indicates a relatively peaked distribution. Negative kurtosis indicates a relatively flat
distribution.
Syntax
KURT(number1,number2,...)
Number1, number2, ... are 1 to 30 arguments for which you want to calculate kurtosis. You can also use a single array or a reference
to an array instead of arguments separated by commas.
Remarks
The arguments must be either numbers or names, arrays, or references that contain numbers.
If an array or reference argument contains text, logical values, or empty cells, those values are ignored; however, cells with the
value zero are included.
If there are fewer than four data points, or if the standard deviation of the sample equals zero, KURT returns the #DIV/0! error
value.
Kurtosis is defined as:

where:
s is the sample standard deviation.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
9
10
11
A
Data
3
4
5
2
3
4
5
6
4
7
Formula Description (Result)
=KURT(A2:A11) Kurtosis of the data set above (-0.1518)
Page 1of 1 KURT
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LARGE
See Also
Returns the k-th largest value in a data set. You can use this function to select a value based on its relative standing. For example,
you can use LARGE to return the highest, runner-up, or third-place score.
Syntax
LARGE(array,k)
Array is the array or range of data for which you want to determine the k-th largest value.
K is the position (from the largest) in the array or cell range of data to return.
Remarks
If array is empty, LARGE returns the #NUM! error value.
If k

0 or if k is greater than the number of data points, LARGE returns the #NUM! error value.
If n is the number of data points in a range, then LARGE(array,1) returns the largest value, and LARGE(array,n) returns the smallest
value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
A B
Data Data
3 4
5 2
3 4
5 6
4 7
Formula Description (Result)
=LARGE(A2:B6,3) 3rd largest number in the numbers above (5)
=LARGE(A2:B6,7) 7th largest number in the numbers above (4)
Page 1of 1 LARGE
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LI NEST
See Also
Calculates the statistics for a line by using the "least squares" method to calculate a straight line that best fits your data, and
returns an array that describes the line. Because this function returns an array of values, it must be entered as an array formula.
The equation for the line is:
y = mx + b or
y = m1x1 + m2x2 + ... + b (if there are multiple ranges of x-values)
where the dependent y-value is a function of the independent x-values. The m-values are coefficients corresponding to each x-value,
and b is a constant value. Note that y, x, and m can be vectors. The array that LINEST returns is {mn,mn-1,...,m1,b}. LINEST can also
return additional regression statistics.
Syntax
LINEST(known_y's,known_x's,const,stats)
Known_y's is the set of y-values you already know in the relationship y = mx + b.
If the array known_y's is in a single column, then each column of known_x's is interpreted as a separate variable.
If the array known_y's is in a single row, then each row of known_x's is interpreted as a separate variable.
Known_x's is an optional set of x-values that you may already know in the relationship y = mx + b.
The array known_x's can include one or more sets of variables. If only one variable is used, known_y's and known_x's can be
ranges of any shape, as long as they have equal dimensions. If more than one variable is used, known_y's must be a vector (that
is, a range with a height of one row or a width of one column).
If known_x's is omitted, it is assumed to be the array {1,2,3,...} that is the same size as known_y's.
Const is a logical value specifying whether to force the constant b to equal 0.
If const is TRUE or omitted, b is calculated normally.
If const is FALSE, b is set equal to 0 and the m-values are adjusted to fit y = mx.
Stats is a logical value specifying whether to return additional regression statistics.
If stats is TRUE, LINEST returns the additional regression statistics, so the returned array is {mn,mn-1,...,m1,b;sen,sen-
1,...,se1,seb;r2,sey;F,df;ssreg,ssresid}.
If stats is FALSE or omitted, LINEST returns only the m-coefficients and the constant b.
The additional regression statistics are as follows.
The following illustration shows the order in which the additional regression statistics are returned.
Statistic Description
se1,se2,...,sen The standard error values for the coefficients m1,m2,...,mn.
seb The standard error value for the constant b (seb = #N/A when const is FALSE).
r2 The coefficient of determination. Compares estimated and actual y-values, and ranges in value from 0 to 1. If it is 1,
there is a perfect correlation in the sample there is no difference between the estimated y-value and the actual y-
value. At the other extreme, if the coefficient of determination is 0, the regression equation is not helpful in predicting
a y-value. For information about how r2 is calculated, see "Remarks" later in this topic.
sey The standard error for the y estimate.
F The F statistic, or the F-observed value. Use the F statistic to determine whether the observed relationship between
the dependent and independent variables occurs by chance.
df The degrees of freedom. Use the degrees of freedom to help you find F-critical values in a statistical table. Compare
the values you find in the table to the F statistic returned by LINEST to determine a confidence level for the model. For
information about how df is calculated, see "Remarks" later in this topic. Example 4 below shows use of F and df.
ssreg The regression sum of squares.
ssresid The residual sum of squares. For information about how ssreg and ssresid are calculated, see "Remarks" later in this
topic.
Page 1of 6 LINEST
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Remarks
You can describe any straight line with the slope and the y-intercept:
Slope (m):
To find the slope of a line, often written as m, take two points on the line, (x1,y1) and (x2,y2); the slope is equal to (y2 - y1)/(x2 -
x1).
Y-intercept (b):
The y-intercept of a line, often written as b, is the value of y at the point where the line crosses the y-axis.
The equation of a straight line is y = mx + b. Once you know the values of m and b, you can calculate any point on the line by
plugging the y- or x-value into that equation. You can also use the TREND function.
When you have only one independent x-variable, you can obtain the slope and y-intercept values directly by using the following
formulas:
Slope:
=INDEX(LINEST(known_y's,known_x's),1)
Y-intercept:
=INDEX(LINEST(known_y's,known_x's),2)
The accuracy of the line calculated by LINEST depends on the degree of scatter in your data. The more linear the data, the more
accurate the LINEST model. LINEST uses the method of least squares for determining the best fit for the data. When you have only
one independent x-variable, the calculations for m and b are based on the following formulas:


where x and y are sample means, i.e., x = AVERAGE(known x's) and y = AVERAGE(known_y's).
The line- and curve-fitting functions LINEST and LOGEST can calculate the best straight line or exponential curve that fits your
data. However, you have to decide which of the two results best fits your data. You can calculate TREND(known_y's,known_x's) for
a straight line, or GROWTH(known_y's, known_x's) for an exponential curve. These functions, without the new_x's argument,
return an array of y-values predicted along that line or curve at your actual data points. You can then compare the predicted values
with the actual values. You may want to chart them both for a visual comparison.
In regression analysis, Microsoft Excel calculates for each point the squared difference between the y-value estimated for that point
and its actual y-value. The sum of these squared differences is called the residual sum of squares, ssresid. Microsoft Excel then
calculates the total sum of squares, sstotal. When const = TRUE, or omitted, the total sum of squares is the sum of the squared
differences between the actual y-values and the average of the y-values. When const = FALSE, the total sum of squares is the sum
of the squares of the actual y-values (without subtracting the average y-value from each individual y-value). Then regression sum
of squares, ssreg, can be found from: ssreg = sstotal - ssresid. The smaller the residual sum of squares is, compared with the total
sum of squares, the larger the value of the coefficient of determination, r2, which is an indicator of how well the equation resulting
from the regression analysis explains the relationship among the variables. r2 equals ssreg/sstotal.
In some cases, one or more of the X columns (assume that Ys and Xs are in columns) may have no additional predictive value in
the presence of the other X columns. In other words, eliminating one or more X columns might lead to predicted Y values that are
equally accurate. In that case these redundant X columns should be omitted from the regression model. This phenomenon is called
collinearity because any redundant X column can be expressed as a sum of multiples of the non-redundant X columns. LINEST
checks for collinearity and removes any redundant X columns from the regression model when it identifies them. Removed X
columns can be recognized in LINEST output as having 0 coefficients as well as 0 ses. If one or more columns are removed as
redundant, then df is affected because df depends on the number of X columns actually used for predictive purposes. For details on
the computation of df, see Example 4 below. If df is changed because redundant X columns are removed, values of sey and F are
also affected. Collinearity should be relatively rare in practice. However, one case where it is more likely to arise is when some X
columns contain only 0s and 1s as indicators of whether a subject in an experiment is or is not a member of a particular group. If
const = TRUE or omitted, LINEST effectively inserts an additional X column of all 1s to model the intercept. If you have a column
with a 1 for each subject if male, or 0 if not, and you also have a column with a 1 for each subject if female, or 0 if not, this latter
column is redundant because entries in it can be obtained from subtracting the entry in the male indicator column from the entry
in the additional column of all 1s added by LINEST.
Page 2of 6 LINEST
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df is calculated as follows when no X columns are removed from the model due to collinearity: if there are k columns of known_xs
and const = TRUE or omitted, then df = n k 1. If const = FALSE, then df = n - k. In both cases, each X column removed due to
collinearity increases df by 1.
Formulas that return arrays must be entered as array formulas.
When entering an array constant such as known_x's as an argument, use commas to separate values in the same row and
semicolons to separate rows. Separator characters may be different depending on your locale setting in Regional Settings or
Regional Options in Control Panel.
Note that the y-values predicted by the regression equation may not be valid if they are outside the range of the y-values you used
to determine the equation.
Example 1 Slope and Y-Intercept
The example may be easier to understand if you copy it to a blank worksheet.
How?
1. Create a blank workbook or worksheet.
2. Select the example in the Help topic. Do not select the row or column headers.

Selecting an example from Help
3. Press CTRL+C.
4. In the worksheet, select cell A1, and press CTRL+V.
5. To switch between viewing the results and viewing the formulas that return the results, press CTRL+` (grave accent), or on the
Tools menu, point to Formula Auditing, and then click Formula Auditing Mode.
Note The formula in the example must be entered as an array formula. After copying the example to a blank worksheet, select the
range A7:B7 starting with the formula cell. Press F2, and then press CTRL+SHIFT+ENTER. If the formula is not entered as an array
formula, the single result is 2.
When entered as an array, the slope (2) and the y-intercept (1) are returned.
Example 2 Simple Linear Regression
The example may be easier to understand if you copy it to a blank worksheet.
How?
1. Create a blank workbook or worksheet.
2. Select the example in the Help topic. Do not select the row or column headers.


1
2
3
4
5
A B
Known y Known x
1 0
9 4
5 2
7 3
Formula Formula
=LINEST(A2:A5,B2:B5,,FALSE)
Page 3of 6 LINEST
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Selecting an example from Help
3. Press CTRL+C.
4. In the worksheet, select cell A1, and press CTRL+V.
5. To switch between viewing the results and viewing the formulas that return the results, press CTRL+` (grave accent), or on the
Tools menu, point to Formula Auditing, and then click Formula Auditing Mode.
In general, SUM({m,b}*{x,1}) equals mx + b, the estimated y-value for a given x-value. You can also use the TREND function.
Example 3 Multiple Linear Regression
Suppose a commercial developer is considering purchasing a group of small office buildings in an established business district.
The developer can use multiple linear regression analysis to estimate the value of an office building in a given area based on the
following variables.
This example assumes that a straight-line relationship exists between each independent variable (x1, x2, x3, and x4) and the
dependent variable (y), the value of office buildings in the area.
The developer randomly chooses a sample of 11 office buildings from a possible 1,500 office buildings and obtains the following data.
"Half an entrance" means an entrance for deliveries only.
The example may be easier to understand if you copy it to a blank worksheet.
How?
1. Create a blank workbook or worksheet.
2. Select the example in the Help topic. Do not select the row or column headers.

Selecting an example from Help
3. Press CTRL+C.
4. In the worksheet, select cell A1, and press CTRL+V.
5. To switch between viewing the results and viewing the formulas that return the results, press CTRL+` (grave accent), or on the
Tools menu, point to Formula Auditing, and then click Formula Auditing Mode.

1
2
3
4
5
6
7
A B
Month Sales
1 3100
2 4500
3 4400
4 5400
5 7500
6 8100
Formula Description (Result)
=SUM(LINEST(B2:B7, A2:A7)*{9,1}) Estimate sales for the ninth month (11000)
Variable Refers to the
y Assessed value of the office building
x1 Floor space in square feet
x2 Number of offices
x3 Number of entrances
x4 Age of the office building in years
Page 4of 6 LINEST
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Note The formula in the example must be entered as an array formula. After copying the example to a blank worksheet, select the
range A14:E18 starting with the formula cell. Press F2, and then press CTRL+SHIFT+ENTER. If the formula is not entered as an array
formula, the single result is -234.2371645.
When entered as an array, the following regression statistics are returned. Use this key to identify the statistic you want.

The multiple regression equation, y = m1*x1 + m2*x2 + m3*x3 + m4*x4 + b, can now be obtained using the values from row 14:
y = 27.64*x1 + 12,530*x2 + 2,553*x3 - 234.24*x4 + 52,318
The developer can now estimate the assessed value of an office building in the same area that has 2,500 square feet, three offices,
and two entrances and is 25 years old, by using the following equation:
y = 27.64*2500 + 12530*3 + 2553*2 - 234.24*25 + 52318 = $158,261
Or you can copy the following table to cell A21 of the example workbook.
You can also use the TREND function to calculate this value.
Example 4 Using the F and r2 Statistics
In the previous example, the coefficient of determination, or r2, is 0.99675 (see cell A17 in the output for LINEST), which would
indicate a strong relationship between the independent variables and the sale price. You can use the F statistic to determine whether
these results, with such a high r2 value, occurred by chance.
Assume for the moment that in fact there is no relationship among the variables, but that you have drawn a rare sample of 11 office
buildings that causes the statistical analysis to demonstrate a strong relationship. The term "Alpha" is used for the probability of
erroneously concluding that there is a relationship.
F and df in LINEST output can be used to assess the likelihood of a higher F value occurring by chance. F can be compared with critical
values in published F-distribution tables or Excels FDIST can be used to calculate the probability of a larger F value occurring by
chance. The appropriate F distribution has v1 and v2 degrees of freedom. If n is the number of data points and const = TRUE or
omitted, then v1 = n df 1 and v2 = df. (If const = FALSE, then v1 = n df and v2 = df.) Excels FDIST(F,v1,v2) will return the
probability of a higher F value occurring by chance. In Example 4, df = 6 (cell B18) and F = 459.753674 (cell A18).
Assuming an Alpha value of 0.05, v1 = 11 6 1 = 4 and v2 = 6, the critical level of F is 4.53. Since F = 459.753674 is much higher
than 4.53, it is extremely unlikely that an F value this high occurred by chance. (With Alpha = 0.05, the hypothesis that there is no
relationship between known_ys and known_xs is to be rejected when F exceeds the critical level, 4.53.) Using Excels FDIST you can
obtain the probability that an F value this high occurred by chance. FDIST(459.753674, 4, 6) = 1.37E-7, an extremely small probability.

1
2
3
4
5
6
7
8
9
10
11
12
A B C D E
Floor space (x1) Offices (x2) Entrances (x3) Age (x4) Assessed value (y)
2310 2 2 20 142,000
2333 2 2 12 144,000
2356 3 1.5 33 151,000
2379 3 2 43 150,000
2402 2 3 53 139,000
2425 4 2 23 169,000
2448 2 1.5 99 126,000
2471 2 2 34 142,900
2494 3 3 23 163,000
2517 4 4 55 169,000
2540 2 3 22 149,000
Formula
=LINEST(E2:E12,A2:D12,TRUE,TRUE)
Floor space (x1) Offices (x2) Entrances (x3) Age (x4) Assessed value (y)
2500 3 2 25 =D14*A22 + C14*B22 + B14*C22 + A14*D22 + E14
Page 5of 6 LINEST
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You can conclude, either by finding the critical level of F in a table or by using Excels FDIST, that the regression equation is useful in
predicting the assessed value of office buildings in this area. Remember that it is critical to use correct values of v1 and v2 computed in
the previous paragraph.
Example 5 Calculating the t-Statistics
Another hypothesis test will determine whether each slope coefficient is useful in estimating the assessed value of an office building in
example 3. For example, to test the age coefficient for statistical significance, divide -234.24 (age slope coefficient) by 13.268 (the
estimated standard error of age coefficients in cell A15). The following is the t-observed value:
t = m4 se4 = -234.24 13.268 = -17.7
If the absolute value of t is sufficiently high, it can be concluded that the slope coefficient is useful in estimating the assessed value of
an office building in Example 3. The table below shows the absolute values of the 4 t-observed values.
If you consult a table in a statistics manual, you will find that t-critical, two tailed, with 6 degrees of freedom and Alpha = 0.05 is
2.447. This critical value can also be found using Excels TINV function. TINV(0.05,6) = 2.447. Because the absolute value of t, 17.7, is
greater than 2.447, age is an important variable when estimating the assessed value of an office building. Each of the other
independent variables can be tested for statistical significance in a similar manner. The following are the t-observed values for each of
the independent variables.
These values all have an absolute value greater than 2.447; therefore, all the variables used in the regression equation are useful in
predicting the assessed value of office buildings in this area.<SPAN FPRev
Variable t-observed value
Floor space 5.1
Number of offices 31.3
Number of entrances 4.8
Age 17.7
Page 6of 6 LINEST
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LOGEST
See Also
In regression analysis, calculates an exponential curve that fits your data and returns an array of values that describes the curve.
Because this function returns an array of values, it must be entered as an array formula.
The equation for the curve is:
y = b*m^x or
y = (b*(m1^x1)*(m2^x2)*_) (if there are multiple x-values)
where the dependent y-value is a function of the independent x-values. The m-values are bases corresponding to each exponent x-
value, and b is a constant value. Note that y, x, and m can be vectors. The array that LOGEST returns is {mn,mn-1,...,m1,b}.
Syntax
LOGEST(known_y's,known_x's,const,stats)
Known_y's is the set of y-values you already know in the relationship y = b*m^x.
If the array known_y's is in a single column, then each column of known_x's is interpreted as a separate variable.
If the array known_y's is in a single row, then each row of known_x's is interpreted as a separate variable.
Known_x's is an optional set of x-values that you may already know in the relationship y = b*m^x.
The array known_x's can include one or more sets of variables. If only one variable is used, known_y's and known_x's can be
ranges of any shape, as long as they have equal dimensions. If more than one variable is used, known_y's must be a range of cells
with a height of one row or a width of one column (which is also known as a vector).
If known_x's is omitted, it is assumed to be the array {1,2,3,...} that is the same size as known_y's.
Const is a logical value specifying whether to force the constant b to equal 1.
If const is TRUE or omitted, b is calculated normally.
If const is FALSE, b is set equal to 1, and the m-values are fitted to y = m^x.
Stats is a logical value specifying whether to return additional regression statistics.
If stats is TRUE, LOGEST returns the additional regression statistics, so the returned array is {mn,mn-1,...,m1,b;sen,sen-
1,...,se1,seb;r 2,sey; F,df;ssreg,ssresid}.
If stats is FALSE or omitted, LOGEST returns only the m-coefficients and the constant b.
For more information about additional regression statistics, see LINEST.
Remarks
The more a plot of your data resembles an exponential curve, the better the calculated line will fit your data. Like LINEST, LOGEST
returns an array of values that describes a relationship among the values, but LINEST fits a straight line to your data; LOGEST fits
an exponential curve. For more information, see LINEST.
When you have only one independent x-variable, you can obtain the slope (m) and y-intercept (b) values directly by using the
following formulas:
Slope (m):
INDEX(LOGEST(known_y's,known_x's),1)
Y-intercept (b):
INDEX(LOGEST(known_y's,known_x's),2)
You can use the y = b*m^x equation to predict future values of y, but Microsoft Excel provides the GROWTH function to do this for
you. For more information, see GROWTH.
Formulas that return arrays must be entered as array formulas.
When entering an array constant such as known_x's as an argument, use commas to separate values in the same row and
semicolons to separate rows. Separator characters may be different depending on your locale setting in Regional Settings or
Regional Options in Control Panel.
You should note that the y-values predicted by the regression equation may not be valid if they are outside the range of y-values
you used to determine the equation.
Example 1 m-coefficients and the constant b
The example may be easier to understand if you copy it to a blank worksheet.
How?
Page 1of 3 LOGEST
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1. Create a blank workbook or worksheet.
2. Select the example in the Help topic. Do not select the row or column headers.

Selecting an example from Help
3. Press CTRL+C.
4. In the worksheet, select cell A1, and press CTRL+V.
5. To switch between viewing the results and viewing the formulas that return the results, press CTRL+` (grave accent), or on the
Tools menu, point to Formula Auditing, and then click Formula Auditing Mode.
Note The formula in the example must be entered as an array formula. After copying the example to a blank worksheet, select the
range A9:B9 starting with the formula cell. Press F2, and then press CTRL+SHIFT+ENTER. If the formula is not entered as an array
formula, the single result is 1.463275628.
When entered as an array, the m-coefficients and the constant b are returned.
y = b*m1^x1 or using the values from the array:
y = 495.3 * 1.4633x
You can estimate sales for future months by substituting the month number for x in this equation, or you can use the GROWTH
function.
Example 2 Full statistics
The example may be easier to understand if you copy it to a blank worksheet.
How?
1. Create a blank workbook or worksheet.
2. Select the example in the Help topic. Do not select the row or column headers.

Selecting an example from Help
3. Press CTRL+C.
4. In the worksheet, select cell A1, and press CTRL+V.
5. To switch between viewing the results and viewing the formulas that return the results, press CTRL+` (grave accent), or on the
Tools menu, point to Formula Auditing, and then click Formula Auditing Mode.

1
2
3
4
5
6
7
A B
Month Units
11 33,100
12 47,300
13 69,000
14 102,000
15 150,000
16 220,000
Formula Formula
=LOGEST(B2:B7,A2:A7, TRUE, FALSE)
Page 2of 3 LOGEST
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Note The formula in the example must be entered as an array formula. After copying the example to a blank worksheet, select the
range A9:B13 starting with the formula cell. Press F2, and then press CTRL+SHIFT+ENTER. If the formula is not entered as an array
formula, the single result is 1.463275628.
When entered as an array, the following regression statistics are returned. Use this key to identify the statistic you want.

You can use the additional regression statistics (cells A10:B13 in the above output array) to determine how useful the equation is for
predicting future values.
Important The methods you use to test an equation using LOGEST are similar to the methods for LINEST. However, the additional
statistics LOGEST returns are based on the following linear model:
ln y = x1 ln m1 + ... + xn ln mn + ln b
You should keep this in mind when you evaluate the additional statistics, especially the sei and seb values, which should be compared
to ln mi and ln b, not to mi and b. For more information, consult an advanced statistics manual.

1
2
3
4
5
6
7
A B
Month Units
11 33,100
12 47,300
13 69,000
14 102,000
15 150,000
16 220,000
Formula
=LOGEST(B2:B7,A2:A7, TRUE, TRUE)
Page 3of 3 LOGEST
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LOGI NV
See Also
Returns the inverse of the lognormal cumulative distribution function of x, where ln(x) is normally distributed with parameters
mean and standard_dev. If p = LOGNORMDIST(x,...) then LOGINV(p,...) = x.
Use the lognormal distribution to analyze logarithmically transformed data.
Syntax
LOGINV(probability,mean,standard_dev)
Probability is a probability associated with the lognormal distribution.
Mean is the mean of ln(x).
Standard_dev is the standard deviation of ln(x).
Remarks
If any argument is nonnumeric, LOGINV returns the #VALUE! error value.
If probability < 0 or probability > 1, LOGINV returns the #NUM! error value.
If standard_dev <= 0, LOGINV returns the #NUM! error value.
The inverse of the lognormal distribution function is:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Data Description
0.039084 Probability associated with the lognormal distribution
3.5 Mean of ln(x)
1.2 Standard deviation of ln(x)
Formula Description (Result)
=LOGINV(A2, A3, A4) Inverse of the lognormal cumulative distribution function for the terms above (4.000014)
Page 1of 1 LOGINV
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LOGNORMDI ST
See Also
Returns the cumulative lognormal distribution of x, where ln(x) is normally distributed with parameters mean and standard_dev.
Use this function to analyze data that has been logarithmically transformed.
Syntax
LOGNORMDI ST(x,mean,standard_dev)
X is the value at which to evaluate the function.
Mean is the mean of ln(x).
Standard_dev is the standard deviation of ln(x).
Remarks
If any argument is nonnumeric, LOGNORMDIST returns the #VALUE! error value.
If x

0 or if standard_dev

0, LOGNORMDIST returns the #NUM! error value.

The equation for the lognormal cumulative distribution function is:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Data Description
4 Value at which to evaluate the function (x)
3.5 Mean of ln(x)
1.2 Standard deviation of ln(x)
Formula Description (Result)
=LOGNORMDIST(A2,A3,A4) Cumulative lognormal distribution at 4 with the terms above (0.039084)
Page 1of 1 LOGNORMDIST
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MAX
See Also
Returns the largest value in a set of values.
Syntax
MAX(number1,number2,...)
Number1, number2, ... are 1 to 30 numbers for which you want to find the maximum value.
Remarks
You can specify arguments that are numbers, empty cells, logical values, or text representations of numbers. Arguments that are
error values or text that cannot be translated into numbers cause errors.
If an argument is an array or reference, only numbers in that array or reference are used. Empty cells, logical values, or text in the
array or reference are ignored. If logical values and text must not be ignored, use MAXA instead.
If the arguments contain no numbers, MAX returns 0 (zero).
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
A
Data
10
7
9
27
2
Formula Description (Result)
=MAX(A2:A6) Largest of the numbers above (27)
=MAX(A2:A6, 30) Largest of the numbers above and 30 (30)
Page 1of 1 MAX
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MAXA
See Also
Returns the largest value in a list of arguments. Text and logical values such as TRUE and FALSE are compared as well as
numbers.
MAXA is similar to MINA. For more information, see the examples for MINA.
Syntax
MAXA(value1,value2,...)
Value1, value2, ... are 1 to 30 values for which you want to find the largest value.
Remarks
You can specify arguments that are numbers, empty cells, logical values, or text representations of numbers. Arguments that are
error values cause errors. If the calculation must not include text or logical values, use the MAX worksheet function instead.
If an argument is an array or reference, only values in that array or reference are used. Empty cells and text values in the array or
reference are ignored.
Arguments that contain TRUE evaluate as 1; arguments that contain text or FALSE evaluate as 0 (zero).
If the arguments contain no values, MAXA returns 0 (zero).
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
A
Data
0
0.2
0.5
0.4
TRUE
Formula Description (Result)
=MAXA(A2:A6) Largest of the numbers above. TRUE evaluates to 1 (1)
Page 1of 1 MAXA
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MEDI AN
See Also
Returns the median of the given numbers. The median is the number in the middle of a set of numbers; that is, half the numbers
have values that are greater than the median, and half have values that are less.
Syntax
MEDI AN(number1,number2,...)
Number1, number2, ... are 1 to 30 numbers for which you want the median.
Remarks
The arguments should be either numbers or names, arrays, or references that contain numbers. Microsoft Excel examines all the
numbers in each reference or array argument.
If an array or reference argument contains text, logical values, or empty cells, those values are ignored; however, cells with the
value zero are included.
If there is an even number of numbers in the set, then MEDIAN calculates the average of the two numbers in the middle. See the
second formula in the example.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
A
Data
1
2
3
4
5
6
Formula Description (Result)
=MEDIAN(A2:A6) Median of the first 5 numbers in the list above (3)
=MEDIAN(A2:A7) Median of all the numbers above, or the average of 3 and 4 (3.5)
Page 1of 1 MEDIAN
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MI N
See Also
Returns the smallest number in a set of values.
Syntax
MI N(number1,number2,...)
Number1, number2, ... are 1 to 30 numbers for which you want to find the minimum value.
Remarks
You can specify arguments that are numbers, empty cells, logical values, or text representations of numbers. Arguments that are
error values or text that cannot be translated into numbers cause errors.
If an argument is an array or reference, only numbers in that array or reference are used. Empty cells, logical values, or text in the
array or reference are ignored. If logical values and text should not be ignored, use MINA instead.
If the arguments contain no numbers, MIN returns 0.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
A
Data
10
7
9
27
2
Formula Description (Result)
=MIN(A2:A6) Smallest of the numbers above (2)
=MIN(A2:A6,0) Smallest of the numbers above and 0 (0)
Page 1of 1 MIN
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MI NA
See Also
Returns the smallest value in the list of arguments. Text and logical values such as TRUE and FALSE are compared as well as
numbers.
Syntax
MI NA(value1,value2,...)
Value1, value2, ... are 1 to 30 values for which you want to find the smallest value.
Remarks
You can specify arguments that are numbers, empty cells, logical values, or text representations of numbers. Arguments that are
error values cause errors. If the calculation must not include text or logical values, use the MIN worksheet function instead.
If an argument is an array or reference, only values in that array or reference are used. Empty cells and text values in the array or
reference are ignored.
Arguments that contain TRUE evaluate as 1; arguments that contain text or FALSE evaluate as 0 (zero).
If the arguments contain no values, MINA returns 0.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
A
Data
FALSE
0.2
0.5
0.4
0.8
Formula Description (Result)
=MINA(A2:A6) Smallest of the numbers above. FALSE evaluates to 0 (0)
Page 1of 1 MINA
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MODE
See Also
Returns the most frequently occurring, or repetitive, value in an array or range of data. Like MEDIAN, MODE is a location measure.
Syntax
MODE(number1,number2,...)
Number1, number2, ... are 1 to 30 arguments for which you want to calculate the mode. You can also use a single array or a
reference to an array instead of arguments separated by commas.
Remarks
The arguments should be numbers, names, arrays, or references that contain numbers.
If an array or reference argument contains text, logical values, or empty cells, those values are ignored; however, cells with the
value zero are included.
If the data set contains no duplicate data points, MODE returns the #N/A error value.
In a set of values, the mode is the most frequently occurring value; the median is the middle value; and the mean is the average value.
No single measure of central tendency provides a complete picture of the data. Suppose data is clustered in three areas, half around a
single low value, and half around two large values. Both AVERAGE and MEDIAN may return a value in the relatively empty middle, and
MODE may return the dominant low value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
A
Data
5.6
4
4
3
2
4
Formula Description (Result)
=MODE(A2:A7) Mode, or most frequently occurring number above (4)
Page 1of 1 MODE
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NEGBI NOMDI ST
See Also
Returns the negative binomial distribution. NEGBINOMDIST returns the probability that there will be number_f failures before the
number_s-th success, when the constant probability of a success is probability_s. This function is similar to the binomial
distribution, except that the number of successes is fixed, and the number of trials is variable. Like the binomial, trials are assumed to
be independent.
For example, you need to find 10 people with excellent reflexes, and you know the probability that a candidate has these qualifications
is 0.3. NEGBINOMDIST calculates the probability that you will interview a certain number of unqualified candidates before finding all 10
qualified candidates.
Syntax
NEGBI NOMDI ST(number_f,number_s,probability_s)
Number_f is the number of failures.
Number_s is the threshold number of successes.
Probability_s is the probability of a success.
Remarks
Number_f and number_s are truncated to integers.
If any argument is nonnumeric, NEGBINOMDIST returns the #VALUE! error value.
If probability_s < 0 or if probability > 1, NEGBINOMDIST returns the #NUM! error value.
If number_f < 0 or number_s < 1, NEGBINOMDIST returns the #NUM! error value.
The equation for the negative binomial distribution is:

where:
x is number_f, r is number_s, and p is probability_s.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Data Description
10 Number of failures
5 Threshold number of successes
0.25 Probability of a success
Formula Description (Result)
=NEGBINOMDIST(A2,A3,A4) Negative binomial distribution for the terms above (0.055049)
Page 1of 1 NEGBINOMDIST
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NORMDI ST
See Also
Returns the normal distribution for the specified mean and standard deviation. This function has a very wide range of applications
in statistics, including hypothesis testing.
Syntax
NORMDIST(x,mean,standard_dev,cumulative)
X is the value for which you want the distribution.
Mean is the arithmetic mean of the distribution.
Standard_dev is the standard deviation of the distribution.
Cumulative is a logical value that determines the form of the function. If cumulative is TRUE, NORMDIST returns the cumulative
distribution function; if FALSE, it returns the probability mass function.
Remarks
If mean or standard_dev is nonnumeric, NORMDIST returns the #VALUE! error value.
If standard_dev

0, NORMDIST returns the #NUM! error value.

If mean = 0, standard_dev = 1, and cumulative = TRUE, NORMDIST returns the standard normal distribution, NORMSDIST.
The equation for the normal density function (cumulative = FALSE) is:

When cumulative = TRUE, the formula is the integral from negative infinity to x of the given formula.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Data Description
42 Value for which you want the distribution
40 Arithmetic mean of the distribution
1.5 Standard deviation of the distribution
Formula Description (Result)
=NORMDIST(A2,A3,A4,TRUE) Cumulative distribution function for the terms above (0.908789)
=NORMDIST(A2,A3,A4,FALSE) Probability mass function for the terms above (0.10934005)
Page 1of 1 NORMDIST
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NORMI NV
See Also
Returns the inverse of the normal cumulative distribution for the specified mean and standard deviation.
Syntax
NORMI NV(probability,mean,standard_dev)
Probability is a probability corresponding to the normal distribution.
Mean is the arithmetic mean of the distribution.
Standard_dev is the standard deviation of the distribution.
Remarks
If any argument is nonnumeric, NORMINV returns the #VALUE! error value.
If probability < 0 or if probability > 1, NORMINV returns the #NUM! error value.
If standard_dev

0, NORMINV returns the #NUM! error value.

If mean = 0 and standard_dev = 1, NORMINV uses the standard normal distribution (see NORMSINV).
Given a value for probability, NORMINV seeks that value x such that NORMDIST(x, mean, standard_dev, TRUE) = probability. Thus,
precision of NORMINV depends on precision of NORMDIST. NORMINV uses an iterative search technique. If the search has not
converged after 100 iterations, the function returns the #N/A error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Data Description
0.908789 Probability corresponding to the normal distribution
40 Arithmetic mean of the distribution
1.5 Standard deviation of the distribution
Formula Description (Result)
=NORMINV(A2,A3,A4) Inverse of the normal cumulative distribution for the terms above (42)
Page 1of 1 NORMINV
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NORMSDI ST
See Also
Returns the standard normal cumulative distribution function. The distribution has a mean of 0 (zero) and a standard deviation of
one. Use this function in place of a table of standard normal curve areas.
Syntax
NORMSDI ST(z)
Z is the value for which you want the distribution.
Remarks
If z is nonnumeric, NORMSDIST returns the #VALUE! error value.
The equation for the standard normal density function is:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
A B
Formula Description (Result)
=NORMSDIST(1.333333) Normal cumulative distribution function at 1.333333 (0.908789)
Page 1of 1 NORMSDIST
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NORMSI NV
See Also
Returns the inverse of the standard normal cumulative distribution. The distribution has a mean of zero and a standard deviation
of one.
Syntax
NORMSI NV(probability)
Probability is a probability corresponding to the normal distribution.
Remarks
If probability is nonnumeric, NORMSINV returns the #VALUE! error value.
If probability < 0 or if probability > 1, NORMSINV returns the #NUM! error value.
Given a value for probability, NORMSINV seeks that value z such that NORMSDIST(z) = probability. Thus, precision of NORMSINV
depends on precision of NORMSDIST. NORMSINV uses an iterative search technique. If the search has not converged after 100
iterations, the function returns the #N/A error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
A B
Formula Description (Result)
=NORMSINV(0.908789) Inverse of the standard normal cumulative distribution, with a probability of 0.908789 (1.3333)
Page 1of 1 NORMSINV
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PEARSON
See Also
Returns the Pearson product moment correlation coefficient, r, a dimensionless index that ranges from -1.0 to 1.0 inclusive and
reflects the extent of a linear relationship between two data sets.
Syntax
PEARSON(array1,array2)
Array1 is a set of independent values.
Array2 is a set of dependent values.
Remarks
The arguments must be either numbers or names, array constants, or references that contain numbers.
If an array or reference argument contains text, logical values, or empty cells, those values are ignored; however, cells with the
value zero are included.
If array1 and array2 are empty or have a different number of data points, PEARSON returns the #N/A error value.
The formula for the Pearson product moment correlation coefficient, r, is:

where x and y are the sample means AVERAGE(array1) and AVERAGE(array2).
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
A B
Independent values Dependent values
9 10
7 6
5 1
3 5
1 3
Formula Description (Result)
=PEARSON(A2:A6,B2:B6) Pearson product moment correlation coefficient for the data sets above (0.699379)
Page 1of 1 PEARSON
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PERCENTI LE
See Also
Returns the k-th percentile of values in a range. You can use this function to establish a threshold of acceptance. For example, you
can decide to examine candidates who score above the 90th percentile.
Syntax
PERCENTI LE(array,k)
Array is the array or range of data that defines relative standing.
K is the percentile value in the range 0..1, inclusive.
Remarks
If array is empty or contains more than 8,191 data points, PERCENTILE returns the #NUM! error value.
If k is nonnumeric, PERCENTILE returns the #VALUE! error value.
If k is < 0 or if k > 1, PERCENTILE returns the #NUM! error value.
If k is not a multiple of 1/(n - 1), PERCENTILE interpolates to determine the value at the k-th percentile.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
A
Data
1
3
2
4
Formula Description (Result)
=PERCENTILE(A2:A5,0.3) 30th percentile of the list above (1.9)
Page 1of 1 PERCENTILE
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PERCENTRANK
See Also
Returns the rank of a value in a data set as a percentage of the data set. This function can be used to evaluate the relative
standing of a value within a data set. For example, you can use PERCENTRANK to evaluate the standing of an aptitude test score
among all scores for the test.
Syntax
PERCENTRANK(array,x,significance)
Array is the array or range of data with numeric values that defines relative standing.
X is the value for which you want to know the rank.
Significance is an optional value that identifies the number of significant digits for the returned percentage value. If omitted,
PERCENTRANK uses three digits (0.xxx).
Remarks
If array is empty, PERCENTRANK returns the #NUM! error value.
If significance < 1, PERCENTRANK returns the #NUM! error value.
If x does not match one of the values in array, PERCENTRANK interpolates to return the correct percentage rank.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note To view the number as a percentage, select the cell and click Cells on the Format menu. Click the Number tab, and then click
Percentage in the Category box.
A
Data
13
12
11
8
4
3
2
1
1
1
Formula Description (Result)
=PERCENTRANK
(A2:A11,2)
Percent rank of 2 in the list above (0.333, because 3 values in the set are smaller than 2, and 6 are larger
than 2; 3/(3+6)=0.333)
=PERCENTRANK
(A2:A11,4)
Percent rank of 4 in the list above (0.555)
=PERCENTRANK
(A2:A11,8)
Percent rank of 8 in the list above (0.666)
=PERCENTRANK
(A2:A11,5)
Percent rank of 5 in the list above (0.583, one-quarter of the way between the PERCENTRANK of 4 and the
PERCENTRANK of 8)
Page 1of 1 PERCENTRANK
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PERMUT
See Also
Returns the number of permutations for a given number of objects that can be selected from number objects. A permutation is
any set or subset of objects or events where internal order is significant. Permutations are different from combinations, for which
the internal order is not significant. Use this function for lottery-style probability calculations.
Syntax
PERMUT(number,number_chosen)
Number is an integer that describes the number of objects.
Number_chosen is an integer that describes the number of objects in each permutation.
Remarks
Both arguments are truncated to integers.
If number or number_chosen is nonnumeric, PERMUT returns the #VALUE! error value.
If number

0 or if number_chosen < 0, PERMUT returns the #NUM! error value.

If number < number_chosen, PERMUT returns the #NUM! error value.
The equation for the number of permutations is:

Example
Suppose you want to calculate the odds of selecting a winning lottery number. Each lottery number contains three numbers, each of
which can be between 0 (zero) and 99, inclusive. The following function calculates the number of possible permutations:
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Data Description
100 Number of objects
3 Number of objects in each permutation
Formula Description (Result)
=PERMUT(A2,A3) Permutations possible for the terms above (970200)
Page 1of 1 PERMUT
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POI SSON
See Also
Returns the Poisson distribution. A common application of the Poisson distribution is predicting the number of events over a
specific time, such as the number of cars arriving at a toll plaza in 1 minute.
Syntax
POI SSON(x,mean,cumulative)
X is the number of events.
Mean is the expected numeric value.
Cumulative is a logical value that determines the form of the probability distribution returned. If cumulative is TRUE, POISSON
returns the cumulative Poisson probability that the number of random events occurring will be between zero and x inclusive; if FALSE,
it returns the Poisson probability mass function that the number of events occurring will be exactly x.
Remarks
If x is not an integer, it is truncated.
If x or mean is nonnumeric, POISSON returns the #VALUE! error value.
If x < 0, POISSON returns the #NUM! error value.
If mean

0, POISSON returns the #NUM! error value.

POISSON is calculated as follows.
For cumulative = FALSE:

For cumulative = TRUE:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Data Description
2 Number of events
5 Expected mean
Formula Description (Result)
=POISSON(A2,A3,TRUE) Cumulative Poisson probability with the terms above (0.124652)
=POISSON(A2,A3,FALSE) Poisson probability mass function with the terms above (0.084224)
Page 1of 1 POISSON
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PROB
See Also
Returns the probability that values in a range are between two limits. If upper_limit is not supplied, returns the probability that
values in x_range are equal to lower_limit.
Syntax
PROB(x_ range,prob_ range,lower_limit,upper_limit)
X_range is the range of numeric values of x with which there are associated probabilities.
Prob_range is a set of probabilities associated with values in x_range.
Lower_limit is the lower bound on the value for which you want a probability.
Upper_limit is the optional upper bound on the value for which you want a probability.
Remarks
If any value in prob_range

0 or if any value in prob_range > 1, PROB returns the #NUM! error value.
If the sum of the values in prob_range 1, PROB returns the #NUM! error value.
If upper_limit is omitted, PROB returns the probability of being equal to lower_limit.
If x_range and prob_range contain a different number of data points, PROB returns the #N/A error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
A B
x Probability
0 0.2
1 0.3
2 0.1
3 0.4
Formula Description (Result)
=PROB(A2:A5,B2:B5,2) Probability that x is 2 (0.1)
=PROB(A2:A5,B2:B5,1,3) Probability that x is between 1 and 3 (0.8)
Page 1of 1 PROB
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QUARTI LE
See Also
Returns the quartile of a data set. Quartiles often are used in sales and survey data to divide populations into groups. For example,
you can use QUARTILE to find the top 25 percent of incomes in a population.
Syntax
QUARTI LE(array,quart)
Array is the array or cell range of numeric values for which you want the quartile value.
Quart indicates which value to return.

Remarks
If array is empty, QUARTILE returns the #NUM! error value.
If quart is not an integer, it is truncated.
If quart < 0 or if quart > 4, QUARTILE returns the #NUM! error value.
MIN, MEDIAN, and MAX return the same value as QUARTILE when quart is equal to 0 (zero), 2, and 4, respectively.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
If quart equals QUARTI LE returns
0 Minimum value
1 First quartile (25th percentile)
2 Median value (50th percentile)
3 Third quartile (75th percentile)
4 Maximum value

1
2
3
4
5
6
7
8
9
A
Data
1
2
4
7
8
9
10
12
Formula Description (Result)
=QUARTILE(A2:A9,1) First quartile (25th percentile) of the data above (3.5)
Page 1of 1 QUARTILE
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RANK
See Also
Returns the rank of a number in a list of numbers. The rank of a number is its size relative to other values in a list. (If you were to
sort the list, the rank of the number would be its position.)
Syntax
RANK(number,ref,order)
Number is the number whose rank you want to find.
Ref is an array of, or a reference to, a list of numbers. Nonnumeric values in ref are ignored.
Order is a number specifying how to rank number.
If order is 0 (zero) or omitted, Microsoft Excel ranks number as if ref were a list sorted in descending order.
If order is any nonzero value, Microsoft Excel ranks number as if ref were a list sorted in ascending order.
Remarks
RANK gives duplicate numbers the same rank. However, the presence of duplicate numbers affects the ranks of subsequent
numbers. For example, in a list of integers sorted in ascending order, if the number 10 appears twice and has a rank of 5, then 11
would have a rank of 7 (no number would have a rank of 6).
For some purposes one might want to use a definition of rank that takes ties into account. In the previous example, one would
want a revised rank of 5.5 for the number 10. This can be done by adding the following correction factor to the value returned by
RANK. This correction factor is appropriate both for the case where rank is computed in descending order (order = 0 or omitted) or
ascending order (order = nonzero value).
Correction factor for tied ranks=[COUNT(ref) + 1 RANK(number, ref, 0) RANK(number, ref, 1)]/2.
In the following example, RANK(A2,A1:A5,1) equals 3. The correction factor is (5 + 1 2 3)/2 = 0.5 and the revised rank that
takes ties into account is 3 + 0.5 = 3.5. If number occurs only once in ref, the correction factor will be 0, since RANK would not
have to be adjusted for a tie.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
A
Data
7
3.5
3.5
1
2
Formula Description (Result)
=RANK(A3,A2:A6,1) Rank of 3.5 in the list above (3)
=RANK(A2,A2:A6,1) Rank of 7 in the list above (5)
Page 1of 1 RANK
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RSQ
See Also
Returns the square of the Pearson product moment correlation coefficient through data points in known_y's and known_x's. For
more information, see PEARSON. The r-squared value can be interpreted as the proportion of the variance in y attributable to the
variance in x.
Syntax
RSQ(known_y's,known_x's)
Known_y's is an array or range of data points.
Known_x's is an array or range of data points.
Remarks
The arguments must be either numbers or names, arrays, or references that contain numbers.
If an array or reference argument contains text, logical values, or empty cells, those values are ignored; however, cells with the
value zero are included.
If known_y's and known_x's are empty or have a different number of data points, RSQ returns the #N/A error value.
The equation for the Pearson product moment correlation coefficient, r, is:

where x and y are the sample means AVERAGE(known_xs) and AVERAGE(known_ys).
RSQ returns r
2
, which is the square of this correlation coefficient.

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
A B
Known y Known x
2 6
3 5
9 11
1 7
8 5
7 4
5 4
Formula Description (Result)
=RSQ(A2:A8,B2:B8) Square of the Pearson product moment correlation coefficient through data points above (0.05795)
Page 1of 1 RSQ
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SKEW
See Also
Returns the skewness of a distribution. Skewness characterizes the degree of asymmetry of a distribution around its mean.
Positive skewness indicates a distribution with an asymmetric tail extending toward more positive values. Negative skewness
indicates a distribution with an asymmetric tail extending toward more negative values.
Syntax
SKEW(number1,number2,...)
Number1, number2 ... are 1 to 30 arguments for which you want to calculate skewness. You can also use a single array or a
reference to an array instead of arguments separated by commas.
Remarks
The arguments must be either numbers or names, arrays, or references that contain numbers.
If an array or reference argument contains text, logical values, or empty cells, those values are ignored; however, cells with the
value zero are included.
If there are fewer than three data points, or the sample standard deviation is zero, SKEW returns the #DIV/0! error value.
The equation for skewness is defined as:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
9
10
11
A
Data
3
4
5
2
3
4
5
6
4
7
Formula Description (Result)
=SKEW(A2:A11) Skewness of a distribution of the data set above (0.359543)
Page 1of 1 SKEW
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SLOPE
See Also
Returns the slope of the linear regression line through data points in known_y's and known_x's. The slope is the vertical distance
divided by the horizontal distance between any two points on the line, which is the rate of change along the regression line.
Syntax
SLOPE(known_y's,known_x's)
Known_y's is an array or cell range of numeric dependent data points.
Known_x's is the set of independent data points.
Remarks
The arguments must be either numbers or names, arrays, or references that contain numbers.
If an array or reference argument contains text, logical values, or empty cells, those values are ignored; however, cells with the
value zero are included.
If known_y's and known_x's are empty or have a different number of data points, SLOPE returns the #N/A error value.
The equation for the slope of the regression line is:

where x and y are the sample means AVERAGE(known_xs) and AVERAGE(known_ys).
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
A B
Known y Known x
2 6
3 5
9 11
1 7
8 5
7 4
5 4
Formula Description (Result)
=SLOPE(A2:A8,B2:B8) Slope of the linear regression line through the data points above (0.305556)
Page 1of 1 SLOPE
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SMALL
See Also
Returns the k-th smallest value in a data set. Use this function to return values with a particular relative standing in a data set.
Syntax
SMALL(array,k)
Array is an array or range of numerical data for which you want to determine the k-th smallest value.
K is the position (from the smallest) in the array or range of data to return.
Remarks
If array is empty, SMALL returns the #NUM! error value.
If k

0 or if k exceeds the number of data points, SMALL returns the #NUM! error value.
If n is the number of data points in array, SMALL(array,1) equals the smallest value, and SMALL(array,n) equals the largest value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
9
10
A B
Data Data
3 1
4 4
5 8
2 3
3 7
4 12
6 54
4 8
7 23
Formula Description (Result)
=SMALL(A2:A10,4) 4th smallest number in first column (4)
=SMALL(B2:B10,2) 2nd smallest number in the second column (3)
Page 1of 1 SMALL
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STANDARDI ZE
See Also
Returns a normalized value from a distribution characterized by mean and standard_dev.
Syntax
STANDARDI ZE(x,mean,standard_dev)
X is the value you want to normalize.
Mean is the arithmetic mean of the distribution.
Standard_dev is the standard deviation of the distribution.
Remarks
If standard_dev

0, STANDARDIZE returns the #NUM! error value.

The equation for the normalized value is:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Data Description
42 Value to normalize
40 Arithmetic mean of the distribution
1.5 Standard deviation of the distribution
Formula Description (Result)
=STANDARDIZE(A2,A3,A4) Normalized value of 42 for the terms above (1.333333)
Page 1of 1 STANDARDIZE
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STDEV
See Also
Estimates standard deviation based on a sample. The standard deviation is a measure of how widely values are dispersed from the
average value (the mean).
Syntax
STDEV(number1,number2,...)
Number1, number2, ... are 1 to 30 number arguments corresponding to a sample of a population. You can also use a single array or
a reference to an array instead of arguments separated by commas.
Remarks
STDEV assumes that its arguments are a sample of the population. If your data represents the entire population, then compute the
standard deviation using STDEVP.
The standard deviation is calculated using the "unbiased" or "n-1" method.
STDEV uses the following formula:

where x is the sample mean AVERAGE(number1,number2,) and n is the sample size.
Logical values such as TRUE and FALSE and text are ignored. If logical values and text must not be ignored, use the STDEVA
worksheet function.
Example
Suppose 10 tools stamped from the same machine during a production run are collected as a random sample and measured for
breaking strength.
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
9
10
11
A
Strength
1345
1301
1368
1322
1310
1370
1318
1350
1303
1299
Formula Description (Result)
=STDEV(A2:A11) Standard deviation of breaking strength (27.46391572)
Page 1of 1 STDEV
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STDEVA
See Also
Estimates standard deviation based on a sample. The standard deviation is a measure of how widely values are dispersed from the
average value (the mean). Text and logical values such as TRUE and FALSE are included in the calculation.
Syntax
STDEVA(value1,value2,...)
Value1, value2, ... are 1 to 30 values corresponding to a sample of a population. You can also use a single array or a reference to an
array instead of arguments separated by commas.
Remarks
STDEVA assumes that its arguments are a sample of the population. If your data represents the entire population, you must
compute the standard deviation using STDEVPA.
Arguments that contain TRUE evaluate as 1; arguments that contain text or FALSE evaluate as 0 (zero). If the calculation must not
include text or logical values, use the STDEV worksheet function instead.
The standard deviation is calculated using the "unbiased" or "n-1" method.
STDEVA uses the following formula:

where x is the sample mean AVERAGE(value1,value2,) and n is the sample size.
Example
Suppose 10 tools stamped from the same machine during a production run are collected as a random sample and measured for
breaking strength.
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
9
10
11
A
Strength
1345
1301
1368
1322
1310
1370
1318
1350
1303
1299
Formula Description (Result)
=STDEVA(A2:A11) Standard deviation of breaking strength for all the tools (27.46391572)
Page 1of 1 STDEVA
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STDEVP
See Also
Calculates standard deviation based on the entire population given as arguments. The standard deviation is a measure of how
widely values are dispersed from the average value (the mean).
Syntax
STDEVP(number1,number2,...)
Number1, number2, ... are 1 to 30 number arguments corresponding to a population. You can also use a single array or a reference
to an array instead of arguments separated by commas.
Text and logical values such as TRUE and FALSE are ignored. If logical values and text must not be ignored, use the STDEVPA
worksheet function.
Remarks
STDEVP assumes that its arguments are the entire population. If your data represents a sample of the population, then compute
the standard deviation using STDEV.
For large sample sizes, STDEV and STDEVP return approximately equal values.
The standard deviation is calculated using the "biased" or "n" method.
STDEVP uses the following formula:

where x is the sample mean AVERAGE(number1,number2,) and n is the sample size.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
9
10
11
A
Strength
1345
1301
1368
1322
1310
1370
1318
1350
1303
1299
Formula Description (Result)
=STDEVP(A2:A11) Standard deviation of breaking strength, assuming only 10 tools are produced (26.05455814)
Page 1of 1 STDEVP
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STDEVPA
See Also
Calculates standard deviation based on the entire population given as arguments, including text and logical values. The standard
deviation is a measure of how widely values are dispersed from the average value (the mean).
Syntax
STDEVPA(value1,value2,...)
Value1, value2, ... are 1 to 30 values corresponding to a population. You can also use a single array or a reference to an array
instead of arguments separated by commas.
Remarks
STDEVPA assumes that its arguments are the entire population. If your data represents a sample of the population, you must
compute the standard deviation using STDEVA.
Arguments that contain TRUE evaluate as 1; arguments that contain text or FALSE evaluate as 0 (zero). If the calculation must not
include text or logical values, use the STDEVP worksheet function instead.
For large sample sizes, STDEVA and STDEVPA return approximately equal values.
The standard deviation is calculated using the "biased" or "n" method.
STDEVPA uses the following formula:

where x is the sample mean AVERAGE(value1,value2,) and n is the sample size.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
9
10
11
A
Strength
1345
1301
1368
1322
1310
1370
1318
1350
1303
1299
Formula Description (Result)
=STDEVPA(A2:A11) Standard deviation of breaking strength, assuming only 10 tools are produced (26.05455814)
Page 1of 1 STDEVPA
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STEYX
See Also
Returns the standard error of the predicted y-value for each x in the regression. The standard error is a measure of the amount of
error in the prediction of y for an individual x.
Syntax
STEYX(known_y's,known_x's)
Known_y's is an array or range of dependent data points.
Known_x's is an array or range of independent data points.
Remarks
The arguments must either be numbers or be names, arrays, or references that contain numbers.
If an array or reference argument contains text, logical values, or empty cells, those values are ignored; however, cells with the
value zero are included.
If known_y's and known_x's are empty or have a different number of data points, STEYX returns the #N/A error value.
The equation for the standard error of the predicted y is:

where x and y are the sample means AVERAGE(known_xs) and AVERAGE(known_ys), and n is the sample size.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
A B
Known y Known x
2 6
3 5
9 11
1 7
8 5
7 4
5 4
Formula Description (Result)
=STEYX(A2:A8,B2:B8) Standard error of the predicted y-value for each x in the regression (3.305719)
Page 1of 1 STEYX
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TDI ST
See Also
Returns the Percentage Points (probability) for the Student t-distribution where a numeric value (x) is a calculated value of t for
which the Percentage Points are to be computed. The t-distribution is used in the hypothesis testing of small sample data sets. Use
this function in place of a table of critical values for the t-distribution.
Syntax
TDI ST(x,degrees_freedom,tails)
X is the numeric value at which to evaluate the distribution.
Degrees_freedom is an integer indicating the number of degrees of freedom.
Tails specifies the number of distribution tails to return. If tails = 1, TDIST returns the one-tailed distribution. If tails = 2, TDIST
returns the two-tailed distribution.
Remarks
If any argument is nonnumeric, TDIST returns the #VALUE! error value.
If degrees_freedom < 1, TDIST returns the #NUM! error value.
The degrees_freedom and tails arguments are truncated to integers.
If tails is any value other than 1 or 2, TDIST returns the #NUM! error value.
If x < 0, then TDIST returns the #NUM! error value.
If tails = 1, TDIST is calculated as TDIST = P( X>x ), where X is a random variable that follows the t-distribution. If tails = 2,
TDIST is calculated as TDIST = P(|X| > x) = P(X > x or X < -x).
Since x < 0 is not allowed, to use TDIST when x < 0, note that TDIST(-x,df,1) = 1 TDIST(x,df,1) = P(X > -x) and TDIST(-x,df,2)
= TDIST(x df,2) = P(|X| > x).
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note To view the number as a percent, select the cell and, on the Format menu, click Cells. Click the Number tab, and then click
Percentage in the Category box.

1
2
3
A B
Data Description
1.96 Value at which to evaluate the distribution
60 Degrees of freedom
Formula Description (Result)
=TDIST(A2,A3,2) Two-tailed distribution (0.054644927, or 5.46 percent)
=TDIST(A2,A3,1) One-tailed distribution (0.027322463 or 2.73 percent)
Page 1of 1 TDIST
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TI NV
See Also
Returns the t-value of the Student's t-distribution as a function of the probability and the degrees of freedom.
Syntax
TI NV(probability,degrees_freedom)
Probability is the probability associated with the two-tailed Student's t-distribution.
Degrees_freedom is the number of degrees of freedom with which to characterize the distribution.
Remarks
If either argument is nonnumeric, TINV returns the #VALUE! error value.
If probability < 0 or if probability > 1, TINV returns the #NUM! error value.
If degrees_freedom is not an integer, it is truncated.
If degrees_freedom < 1, TINV returns the #NUM! error value.
TINV returns that value t, such that P(|X| > t) = probability where X is a random variable that follows the t-distribution and P(|X| >
t) = P(X < -t or X > t).
A one-tailed t-value can be returned by replacing probability with 2*probability. For a probability of 0.05 and degrees of freedom of
10, the two-tailed value is calculated with TINV(0.05,10), which returns 2.28139. The one-tailed value for the same probability and
degrees of freedom can be calculated with TINV(2*0.05,10), which returns 1.812462.
Note In some tables, probability is described as (1-p).
Given a value for probability, TINV seeks that value x such that TDIST(x, degrees_freedom, 2) = probability. Thus, precision of
TINV depends on precision of TDIST. TINV uses an iterative search technique. If the search has not converged after 100 iterations,
the function returns the #N/A error value.

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Data Description
0.054645 Probability associated with the two-tailed Student's t-distribution
60 Degrees of freedom
Formula Description (Result)
=TINV(A2,A3) t-value of the Student's t-distribution for the terms above (1.959997462)
Page 1of 1 TINV
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TREND
See Also
Returns values along a linear trend. Fits a straight line (using the method of least squares) to the arrays known_y's and
known_x's. Returns the y-values along that line for the array of new_x's that you specify.
Syntax
TREND(known_y's,known_x's,new_x's,const)
Known_y's is the set of y-values you already know in the relationship y = mx + b.
If the array known_y's is in a single column, then each column of known_x's is interpreted as a separate variable.
If the array known_y's is in a single row, then each row of known_x's is interpreted as a separate variable.
Known_x's is an optional set of x-values that you may already know in the relationship y = mx + b.
The array known_x's can include one or more sets of variables. If only one variable is used, known_y's and known_x's can be
ranges of any shape, as long as they have equal dimensions. If more than one variable is used, known_y's must be a vector (that
is, a range with a height of one row or a width of one column).
If known_x's is omitted, it is assumed to be the array {1,2,3,...} that is the same size as known_y's.
New_x's are new x-values for which you want TREND to return corresponding y-values.
New_x's must include a column (or row) for each independent variable, just as known_x's does. So, if known_y's is in a single
column, known_x's and new_x's must have the same number of columns. If known_y's is in a single row, known_x's and new_x's
must have the same number of rows.
If you omit new_x's, it is assumed to be the same as known_x's.
If you omit both known_x's and new_x's, they are assumed to be the array {1,2,3,...} that is the same size as known_y's.
Const is a logical value specifying whether to force the constant b to equal 0.
If const is TRUE or omitted, b is calculated normally.
If const is FALSE, b is set equal to 0 (zero), and the m-values are adjusted so that y = mx.
Remarks
For information about how Microsoft Excel fits a line to data, see LINEST.
You can use TREND for polynomial curve fitting by regressing against the same variable raised to different powers. For example,
suppose column A contains y-values and column B contains x-values. You can enter x^2 in column C, x^3 in column D, and so on,
and then regress columns B through D against column A.
Formulas that return arrays must be entered as array formulas.
When entering an array constant for an argument such as known_x's, use commas to separate values in the same row and
semicolons to separate rows.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
The first formula shows corresponding values to the known values. The second formula predicts the next months values, if the linear
trend continues.

1
2
3
4
5
6
7
8
9
A B C
Month Cost Formula (Corresponding Cost)
1 $133,890 =TREND(B2:B13,A2:A13)
2 $135,000
3 $135,790
4 $137,300
5 $138,130
6 $139,100
7 $139,900
8 $141,120
Page 1of 2 TREND
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Note The formula in the example must be entered as an array formula. After copying the example to a blank worksheet, select the
range C2:C13 or B15:B19 starting with the formula cell. Press F2, and then press CTRL+SHIFT+ENTER. If the formula is not entered as
an array formula, the single results are 133953.3333 and 146171.5152.
10
11
12
13
9 $141,890
10 $143,230
11 $144,000
12 $145,290
Month Formula (Predicted Cost)
13 =TREND(B2:B13,A2:A13,A15:A19)
14
15
16
17
Page 2of 2 TREND
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TRI MMEAN
See Also
Returns the mean of the interior of a data set. TRIMMEAN calculates the mean taken by excluding a percentage of data points
from the top and bottom tails of a data set. You can use this function when you wish to exclude outlying data from your analysis.
Syntax
TRI MMEAN(array,percent)
Array is the array or range of values to trim and average.
Percent is the fractional number of data points to exclude from the calculation. For example, if percent = 0.2, 4 points are trimmed
from a data set of 20 points (20 x 0.2): 2 from the top and 2 from the bottom of the set.
Remarks
If percent < 0 or percent > 1, TRIMMEAN returns the #NUM! error value.
TRIMMEAN rounds the number of excluded data points down to the nearest multiple of 2. If percent = 0.1, 10 percent of 30 data
points equals 3 points. For symmetry, TRIMMEAN excludes a single value from the top and bottom of the data set.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
9
10
11
12
A
Data
4
5
6
7
2
3
4
5
1
2
3
Formula Description (Result)
=TRIMMEAN(A2:A12,0.2) Mean of the interior of a data set above, with 20 percent excluded from calculation (3.777778)
Page 1of 1 TRIMMEAN
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TTEST
See Also
Returns the probability associated with a Student's t-Test. Use TTEST to determine whether two samples are likely to have come
from the same two underlying populations that have the same mean.
Syntax
TTEST(array1,array2,tails,type)
Array1 is the first data set.
Array2 is the second data set.
Tails specifies the number of distribution tails. If tails = 1, TTEST uses the one-tailed distribution. If tails = 2, TTEST uses the two-
tailed distribution.
Type is the kind of t-Test to perform.
Remarks
If array1 and array2 have a different number of data points, and type = 1 (paired), TTEST returns the #N/A error value.
The tails and type arguments are truncated to integers.
If tails or type is nonnumeric, TTEST returns the #VALUE! error value.
If tails is any value other than 1 or 2, TTEST returns the #NUM! error value.
TTEST uses the data in array1 and array2 to compute a non-negative t-statistic. If tails=1, TTEST returns the probability of a higher
value of the t-statistic under the assumption that array1 and array2 are samples from populations with the same mean. The value
returned by TTEST when tails=2 is double that returned when tails=1 and corresponds to the probability of a higher absolute value
of the t-statistic under the same population means assumption.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
If type equals This test is performed
1 Paired
2 Two-sample equal variance (homoscedastic)
3 Two-sample unequal variance (heteroscedastic)

1
2
3
4
5
6
7
8
9
10
A B
Data 1 Data 2
3 6
4 19
5 3
8 2
9 14
1 4
2 5
4 17
5 1
Formula Description (Result)
=TTEST(A2:A10,B2:B10,2,1) Probability associated with a Student's paired t-Test, with a two-tailed distribution (0.196016)
Page 1of 1 TTEST
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VAR
See Also
Estimates variance based on a sample.
Syntax
VAR(number1,number2,...)
Number1, number2, ... are 1 to 30 number arguments corresponding to a sample of a population.
Remarks
VAR assumes that its arguments are a sample of the population. If your data represents the entire population, then compute the
variance using VARP.
Logical values such as TRUE, FALSE, and text are ignored. If logical values and text must not be ignored, use the VARA worksheet
function.
VAR uses the following formula:

where x is the sample mean AVERAGE(number1,number2,) and n is the sample size.
Example
Suppose 10 tools stamped from the same machine during a production run are collected as a random sample and measured for
breaking strength.
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
9
10
11
A
Strength
1345
1301
1368
1322
1310
1370
1318
1350
1303
1299
Formula Description (Result)
=VAR(A2:A11) Variance for the breaking strength of the tools (754.2666667)
Page 1of 1 VAR
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VARA
See Also
Estimates variance based on a sample. In addition to numbers, text and logical values such as TRUE and FALSE are included in the
calculation.
Syntax
VARA(value1,value2,...)
Value1, value2, ... are 1 to 30 value arguments corresponding to a sample of a population.
Remarks
VARA assumes that its arguments are a sample of the population. If your data represents the entire population, you must compute
the variance using VARPA.
Arguments that contain TRUE evaluate as 1; arguments that contain text or FALSE evaluate as 0 (zero). If the calculation must not
include text or logical values, use the VAR worksheet function instead.
VARA uses the following formula:

where x is the sample mean AVERAGE(value1,value2,) and n is the sample size.
Example
Suppose 10 tools stamped from the same machine during a production run are collected as a random sample and measured for
breaking strength.
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
9
10
11
A
Strength
1345
1301
1368
1322
1310
1370
1318
1350
1303
1299
Formula Description (Result)
=VARA(A2:A11) Estimates the variance for the breaking strength (754.2666667)
Page 1of 1 VARA
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VARP
See Also
Calculates variance based on the entire population.
Syntax
VARP(number1,number2,...)
Number1, number2, ... are 1 to 30 number arguments corresponding to a population.
Remarks
VARP assumes that its arguments are the entire population. If your data represents a sample of the population, then compute the
variance using VAR.
The equation for VARP is:

where x is the sample mean AVERAGE(number1,number2,) and n is the sample size.
Logical values such as TRUE and FALSE and text are ignored. If logical values and text must not be ignored, use the VARPA
worksheet function.
Example
Suppose all 10 tools stamped from the same machine during a production run are collected and measured for breaking strength.
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
9
10
11
A
Strength
1345
1301
1368
1322
1310
1370
1318
1350
1303
1299
Formula Description (Result)
=VARP(A2:A11) Variance of breaking strengths for all the tools, assuming that only 10 tools are produced (678.84)
Page 1of 1 VARP
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VARPA
See Also
Calculates variance based on the entire population. In addition to numbers, text and logical values such as TRUE and FALSE are
included in the calculation.
Syntax
VARPA(value1,value2,...)
Value1, value2, ... are 1 to 30 value arguments corresponding to a population.
Remarks
VARPA assumes that its arguments are the entire population. If your data represents a sample of the population, you must
compute the variance using VARA.
Arguments that contain TRUE evaluate as 1; arguments that contain text or FALSE evaluate as 0 (zero). If the calculation must not
include text or logical values, use the VARP worksheet function instead.
The equation for VARPA is :

where x is the sample mean AVERAGE(value1,value2,) and n is the sample size.
Example
Suppose all 10 tools stamped from the same machine during a production run are collected and measured for breaking strength.
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
9
10
11
A
Strength
1345
1301
1368
1322
1310
1370
1318
1350
1303
1299
Formula Description (Result)
=VARPA(A2:A11) Variance of breaking strengths for all the tools, assuming that only 10 tools are produced (678.84)
Page 1of 1 VARPA
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WEI BULL
See Also
Returns the Weibull distribution. Use this distribution in reliability analysis, such as calculating a device's mean time to failure.
Syntax
WEI BULL(x,alpha,beta,cumulative)
X is the value at which to evaluate the function.
Alpha is a parameter to the distribution.
Beta is a parameter to the distribution.
Cumulative determines the form of the function.
Remarks
If x, alpha, or beta is nonnumeric, WEIBULL returns the #VALUE! error value.
If x < 0, WEIBULL returns the #NUM! error value.
If alpha

0 or if beta

0, WEIBULL returns the #NUM! error value.

The equation for the Weibull cumulative distribution function is:

The equation for the Weibull probability density function is:

When alpha = 1, WEIBULL returns the exponential distribution with:

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
Data Description
105 Value at which to evaluate the function
20 Alpha parameter to the distribution
100 Beta parameter to the distribution
Formula Description (Result)
=WEIBULL(A2,A3,A4,TRUE) Weibull cumulative distribution function for the terms above (0.929581)
=WEIBULL(A2,A3,A4,FALSE) Weibull probability density function for the terms above (0.035589)
Page 1of 1 WEIBULL
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ZTEST
See Also
Returns the one-tailed probability-value of a z-test. For a given hypothesized population mean,
0
, ZTEST returns the probability
that the sample mean would be greater than the average of observations in the data set (array) that is, the observed sample mean.
To see how ZTEST can be used in a formula to compute a two-tailed probability value, see "Remarks" below.
Syntax
ZTEST(array,
0
,sigma)

Array is the array or range of data against which to test
0

0
is the value to test.

Sigma is the population (known) standard deviation. If omitted, the sample standard deviation is used.
Remarks
If array is empty, ZTEST returns the #N/A error value.
ZTEST is calculated as follows when sigma is not omitted:

or when sigma is omitted:

where x is the sample mean AVERAGE(array); s is the sample standard deviation STDEV(array); and n is the number of
observations in the sample COUNT(array).
ZTEST represents the probability that the sample mean would be greater than the observed value AVERAGE(array), when the
underlying population mean is
0
. From the symmetry of the Normal distribution, if AVERAGE(array) <
0
, ZTEST will return a value
greater than 0.5.
The following Excel formula can be used to calculate the two-tailed probability that the sample mean would be further from
0
(in
either direction) than AVERAGE(array), when the underlying population mean is
0
:
=2 * MIN(ZTEST(array,
0
,sigma), 1 - ZTEST(array,
0
,sigma)).

Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
6
7
8
9
10
11
A
Data
3
6
7
8
6
5
4
2
1
9
Formula Description (Result)
=ZTEST(A2:A11,4) One-tailed probability-value of a z-test for the data set above, at the hypothesized
population mean of 4 (0.090574)
Page 1of 2 ZTEST
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=2 * MIN(ZTEST(A2:A11,4), 1 - ZTEST
(A2:A11,4))
Two-tailed probability-value of a z-test for the data set above, at the hypothesized
population mean of 4 (0.181149)
=ZTEST(A2:A11,6) One-tailed probability-value of a z-test for the data set above, at the hypothesized
population mean of 6 (0.863043)
=2 * MIN(ZTEST(A2:A11,6), 1 - ZTEST
(A2:A11,6))
Two-tailed probability-value of a z-test for the data set above, at the hypothesized
population mean of 6 (0.273913)
Page 2of 2 ZTEST
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BAHTTEXT
See Also
Converts a number to Thai text and adds a suffix of "Baht."
In Microsoft Excel for Windows, you can change the Baht format to a different style by using Regional Settings or Regional
Options in Control Panel.
In Excel for the Macintosh, you can change the Baht number format to a different style by using Control Panel for Numbers.
Syntax
BAHTTEXT(number)
Number is a number you want to convert to text, or a reference to a cell containing a number, or a formula that evaluates to a
number.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
A
Data
1234
Formula Description (Result)
=BAHTTEXT(A2) Displays the number in text. (One thousand two hundred thirty four Baht in Thai text)
Page 1of 1 BAHTTEXT
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CHAR
See Also
Returns the character specified by a number. Use CHAR to translate code page numbers you might get from files on other types of
computers into characters.

Syntax
CHAR(number)
Number is a number between 1 and 255 specifying which character you want. The character is from the character set used by your
computer.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Operating environment Character set
Macintosh Macintosh character set
Windows ANSI

1
2
3
A B
Formula Description (Result)
=CHAR(65) Displays the 65 character in the set (A)
=CHAR(33) Displays the 33 character in the set (!)
Page 1of 1 CHAR
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CLEAN
See Also
Removes all nonprintable characters from text. Use CLEAN on text imported from other applications that contains characters that
may not print with your operating system. For example, you can use CLEAN to remove some low-level computer code that is
frequently at the beginning and end of data files and cannot be printed.
Syntax
CLEAN(text)
Text is any worksheet information from which you want to remove nonprintable characters.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
A
Data
=CHAR(7)&"text"&CHAR(7)
Formula Description (Result)
=CLEAN(A2) Removes the nonprintable character, CHAR(7), from the string above (text)
Page 1of 1 CLEAN
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CODE
See Also
Returns a numeric code for the first character in a text string. The returned code corresponds to the character set used by your
computer.

Syntax
CODE(text)
Text is the text for which you want the code of the first character.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
1. Create a blank workbook or worksheet.
2. Select the example in the Help topic. Do not select the row or column headers.

Selecting an example from Help
3. Press CTRL+C.
4. In the worksheet, select cell A1, and press CTRL+V.
5. To switch between viewing the results and viewing the formulas that return the results, press CTRL+` (grave accent), or on the
Tools menu, point to Formula Auditing, and then click Formula Auditing Mode.
Operating environment Character set
Macintosh Macintosh character set
Windows ANSI

1
2
3
A B
Formula Description (Result)
=CODE("A") Displays the numeric code for A (65)
=CODE("!") Displays the numeric code for ! (33)
Page 1of 1 CODE
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CONCATENATE
See Also
J oins several text strings into one text string.
Syntax
CONCATENATE (text1,text2,...)
Text1, text2, ... are 1 to 30 text items to be joined into a single text item. The text items can be text strings, numbers, or single-cell
references.
Remarks
The "&" operator can be used instead of CONCATENATE to join text items.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A
Data
brook trout
species
32
Formula Description
=CONCATENATE("Stream population for ",A2," ",A3,"
is ",A4,"/mile")
Concatenates a sentence from the data above (Stream population for
brook trout species is 32/mile)
Page 1of 1 CONCATENATE
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DOLLAR
See Also
The function described in this Help topic converts a number to text format and applies a currency symbol. The name of the
function (and the symbol that it applies) depends upon your language settings.
This function converts a number to text using currency format, with the decimals rounded to the specified place. The format used is
$#,##0.00_);($#,##0.00).
Syntax
DOLLAR(number,decimals)
Number is a number, a reference to a cell containing a number, or a formula that evaluates to a number.
Decimals is the number of digits to the right of the decimal point. If decimals is negative, number is rounded to the left of the
decimal point. If you omit decimals, it is assumed to be 2.
Remark
The major difference between formatting a cell that contains a number with the Cells command (Format menu) and formatting a
number directly with the DOLLAR function is that DOLLAR converts its result to text. A number formatted with the Cells command is
still a number. You can continue to use numbers formatted with DOLLAR in formulas, because Microsoft Excel converts numbers
entered as text values to numbers when it calculates.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
5
A
Data
1234.567
-1234.567
-0.123
99.888
Formula Description (Result)
=DOLLAR(A2, 2) Displays the first number in a currency format, 2 digits to the right of the decimal point ($1,234.57)
=DOLLAR(A2, -2) Displays the first number in a currency format, 2 digits to the left of the decimal point ($1,200)
=DOLLAR(A3, -2) Displays the second number in a currency format, 2 digits to the left of the decimal point (($1,200))
=DOLLAR(A4, 4) Displays the third number in a currency format, 4 digits to the right of the decimal point(($0.1230))
=DOLLAR(A5) Displays the fourth number in a currency format, 2 digit to the left of the decimal point ($99.89)
Page 1of 1 DOLLAR
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EXACT
See Also
Compares two text strings and returns TRUE if they are exactly the same, FALSE otherwise. EXACT is case-sensitive but ignores
formatting differences. Use EXACT to test text being entered into a document.
Syntax
EXACT(text1,text2)
Text1 is the first text string.
Text2 is the second text string.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A B
First string Second string
word word
Word word
w ord word
Formula Description (Result)
=EXACT(A2,B2) Checks whether the strings in the first row match (TRUE)
=EXACT(A3,B3) Checks whether the strings in the second row match (FALSE)
=EXACT(A4,B4) Checks whether the strings in the third row match (FALSE)
Page 1of 1 EXACT
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FI ND
See Also
Also applies to:
FI NDB
FIND finds one text string (find_text) within another text string (within_text), and returns the number of the starting position of
find_text, from the first character of within_text. You can also use SEARCH to find one text string within another, but unlike SEARCH,
FIND is case sensitive and doesn't allow wildcard characters.
FINDB finds one text string (find_text) within another text string (within_text), and returns the number of the starting position of
find_text, based on the number of bytes each character uses, from the first character of within_text. This function is for use with
double-byte characters. You can also use SEARCHB to find one text string within another.
Syntax
FI ND(find_ text,within_text,start_num)
FI NDB(find_text,within_text,start_num)
Find_text is the text you want to find.
Within_text is the text containing the text you want to find.
Start_num specifies the character at which to start the search. The first character in within_text is character number 1. I f you omit
start_num, it is assumed to be 1.
Tip
Use start_num to skip a specified number of characters. For example, suppose you are working with the text string
"AYF0093.YoungMensApparel". To find the number of the first "Y" in the descriptive part of the text string, set start_num equal to 8 so
that the serial-number portion of the text is not searched. FIND begins with character 8, finds find_text at the next character, and
returns the number 9. FIND always returns the number of characters from the start of within_text, counting the characters you skip if
start_num is greater than 1.
Remarks
If find_text is "" (empty text), FIND matches the first character in the search string (that is, the character numbered start_num or
1).
Find_text cannot contain any wildcard characters.
If find_text does not appear in within_text, FIND and FINDB return the #VALUE! error value.
If start_num is not greater than zero, FIND and FINDB return the #VALUE! error value.
If start_num is greater than the length of within_text, FIND and FINDB return the #VALUE! error value.
Example 1 (FI ND)
The example may be easier to understand if you copy it to a blank worksheet.
How?
Example 2 (FI ND)
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
A
Data
Miriam McGovern
Formula Description (Result)
=FIND("M",A2) Position of the first "M" in the string above (1)
=FI ND("m",A2) Position of the first "m" in the string above (6)
=FIND("M",A2,3) Position of the first "M" in the string above, starting with the third character (8)

1
A
Data
Page 1of 2 FIND
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Example (FI NDB)
In the following examples, FIND returns 2 because "" is in the second position within the string, and FINDB returns 3 because each
character is counted by its bytes; the first character has 2 bytes, so the second character begins at byte 3.
=FI ND( " " , " " ) equals 2
=FI NDB(" " , " " ) equals 3
2
3
4
Ceramic I nsulators #124-TD45-
87
Copper Coils #12-671-6772
Variable Resistors #116010
Formula Description (Result)
=MI D(A2,1,FIND(" #",A2,1)-1) Extracts text from position 1 to the position of "#" in the first string above (Ceramic
Insulators)
=MI D(A3,1,FIND(" #",A3,1)-1) Extracts text from position 1 to the position of "#" in the second string above (Copper Coils)
=MI D(A4,1,FIND(" #",A4,1)-1) Extracts text from position 1 to the position of "#" in the third string above (Variable Resistors)
Page 2of 2 FIND
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FI XED
See Also
Rounds a number to the specified number of decimals, formats the number in decimal format using a period and commas, and
returns the result as text.
Syntax
FI XED(number,decimals,no_commas)
Number is the number you want to round and convert to text.
Decimals is the number of digits to the right of the decimal point.
No_commas is a logical value that, if TRUE, prevents FIXED from including commas in the returned text.
Remarks
Numbers in Microsoft Excel can never have more than 15 significant digits, but decimals can be as large as 127.
If decimals is negative, number is rounded to the left of the decimal point.
If you omit decimals, it is assumed to be 2.
If no_commas is FALSE or omitted, then the returned text includes commas as usual.
The major difference between formatting a cell containing a number with the Cells command (Format menu) and formatting a
number directly with the FIXED function is that FIXED converts its result to text. A number formatted with the Cells command is
still a number.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A
Data
1234.567
-1234.567
44.332
Formula Description (Result)
=FI XED(A2, 1) Rounds the first number 1 digit to the right of the decimal point (1,234.6)
=FIXED(A2, -1) Rounds the first number 1 digit to the left of the decimal point (1,230)
=FI XED(-1234.567, -1, TRUE) Rounds the second number 1 digit to the left of the decimal point, without commas (-1230)
=FI XED(44.332) Rounds the third number 2 digits to the left of the decimal point (44.33)
Page 1of 1 FIXED
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FI XED
See Also
Rounds a number to the specified number of decimals, formats the number in decimal format using a period and commas, and
returns the result as text.
Syntax
FI XED(number,decimals,no_commas)
Number is the number you want to round and convert to text.
Decimals is the number of digits to the right of the decimal point.
No_commas is a logical value that, if TRUE, prevents FIXED from including commas in the returned text.
Remarks
Numbers in Microsoft Excel can never have more than 15 significant digits, but decimals can be as large as 127.
If decimals is negative, number is rounded to the left of the decimal point.
If you omit decimals, it is assumed to be 2.
If no_commas is FALSE or omitted, then the returned text includes commas as usual.
The major difference between formatting a cell containing a number with the Cells command (Format menu) and formatting a
number directly with the FIXED function is that FIXED converts its result to text. A number formatted with the Cells command is
still a number.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A
Data
1234.567
-1234.567
44.332
Formula Description (Result)
=FI XED(A2, 1) Rounds the first number 1 digit to the right of the decimal point (1,234.6)
=FIXED(A2, -1) Rounds the first number 1 digit to the left of the decimal point (1,230)
=FI XED(-1234.567, -1, TRUE) Rounds the second number 1 digit to the left of the decimal point, without commas (-1230)
=FI XED(44.332) Rounds the third number 2 digits to the left of the decimal point (44.33)
Page 1of 1 FIXED
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LEFT
See Also
Also applies to:
LEFTB
LEFT returns the first character or characters in a text string, based on the number of characters you specify.
LEFTB returns the first character or characters in a text string, based on the number of bytes you specify. This function is for use with
double-byte characters.
Syntax
LEFT(text,num_chars)
LEFTB(text,num_bytes)
Text is the text string that contains the characters you want to extract.
Num_chars specifies the number of characters you want LEFT to extract.
Num_chars must be greater than or equal to zero.
If num_chars is greater than the length of text, LEFT returns all of text.
If num_chars is omitted, it is assumed to be 1.
Num_bytes specifies the number of characters you want LEFTB to extract, based on bytes.
Example (LEFT)
The example may be easier to understand if you copy it to a blank worksheet.
How?
Example (LEFTB)
LEFTB( " " , 4) equal s " "

1
2
3
A
Data
Sale Price
Sweden
Formula Description (Result)
=LEFT(A2,4) First four characters in the first string (Sale)
=LEFT(A3) First character in the second string (S)
Page 1of 1 LEFT
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LEN
See Also
Also applies to:
LENB
LEN returns the number of characters in a text string.
LENB returns the number of bytes used to represent the characters in a text string. This function is for use with double-byte
characters.
Syntax
LEN(text)
LENB(text)
Text is the text whose length you want to find. Spaces count as characters.
Example (LEN)
The example may be easier to understand if you copy it to a blank worksheet.
How?
Example (LENB)
=LENB( " " ) equals 6

1
2
3
4
A
Data
Phoenix, AZ

One
Formula Description (Result)
=LEN(A2) Length of the first string (11)
=LEN(A3) Length of the second string (0)
=LEN(A4) Length of the third string, which includes 5 spaces (8)
Page 1of 1 LEN
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LOWER
See Also
Converts all uppercase letters in a text string to lowercase.
Syntax
LOWER(text)
Text is the text you want to convert to lowercase. LOWER does not change characters in text that are not letters.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A
Data
E. E. Cummings
Apt. 2B
Formula Description (Result)
=LOWER(A2) Lower case of first string (e. e. cummings)
=LOWER(A3) Lower case of last string (apt. 2b)
Page 1of 1 LOWER
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MI D
See Also
Also applies to:
MI DB
MI D returns a specific number of characters from a text string, starting at the position you specify, based on the number of characters
you specify.
MI DB returns a specific number of characters from a text string, starting at the position you specify, based on the number of bytes you
specify. This function is for use with double-byte characters.
Syntax
MI D(text,start_num,num_chars)
MI DB(text,start_num,num_bytes)
Text is the text string containing the characters you want to extract.
Start_num is the position of the first character you want to extract in text. The first character in text has start_num 1, and so on.
Num_chars specifies the number of characters you want MID to return from text.
Num_bytes specifies the number of characters you want MIDB to return from text, in bytes.
Remarks
If start_num is greater than the length of text, MID returns "" (empty text).
If start_num is less than the length of text, but start_num plus num_chars exceeds the length of text, MID returns the characters
up to the end of text.
If start_num is less than 1, MID returns the #VALUE! error value.
If num_chars is negative, MID returns the #VALUE! error value.
If num_bytes is negative, MIDB returns the #VALUE! error value.
Example (MI D)
The example may be easier to understand if you copy it to a blank worksheet.
How?
Example (MI DB)
=MI DB( " " , 1, 6) equals " "

1
2
A
Data
Fluid Flow
Formula Description (Result)
=MI D(A2,1,5) Five characters from the string above, starting at the first character (Fluid)
=MI D(A2,7,20) Twenty characters from the string above, starting at the seventh (Flow)
=MI D(A2,20,5) Because the starting point is greater than the length of the string, empty text is returned ()
Page 1of 1 MID
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PROPER
See Also
Capitalizes the first letter in a text string and any other letters in text that follow any character other than a letter. Converts all
other letters to lowercase letters.
Syntax
PROPER(text)
Text is text enclosed in quotation marks, a formula that returns text, or a reference to a cell containing the text you want to partially
capitalize.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A
Data
this is a TITLE
2-cent's worth
76BudGet
Formula Description (Result)
=PROPER(A2) Proper case of first string (This Is A Title)
=PROPER(A3) Proper case of second string (2-Cent'S Worth)
=PROPER(A4) Proper case of third string (76Budget)
Page 1of 1 PROPER
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REPLACE
See Also
Also applies to:
REPLACEB
REPLACE replaces part of a text string, based on the number of characters you specify, with a different text string.
REPLACEB replaces part of a text string, based on the number of bytes you specify, with a different text string. This function is for use
with double-byte characters.
Syntax
REPLACE(old_text,start_num,num_chars,new_text)
REPLACEB(old_text,start_num,num_bytes,new_text)
Old_text is text in which you want to replace some characters.
Start_num is the position of the character in old_text that you want to replace with new_text.
Num_chars is the number of characters in old_text that you want REPLACE to replace with new_text.
Num_bytes is the number of bytes in old_text that you want REPLACEB to replace with new_text.
New_text is the text that will replace characters in old_text.
Example (REPLACE)
The example may be easier to understand if you copy it to a blank worksheet.
How?
Example (REPLACEB)
In the following example, the first three double-byte characters in cell C4 are replaced with " ":
=REPLACEB( C4, 1, 6, " " )

1
2
3
4
A
Data
abcdefghijk
2009
123456
Formula Description (Result)
=REPLACE(A2,6,5,"*") Replaces five characters, starting with the sixth character (abcde*k)
=REPLACE(A3,3,2,"10") Replaces the last two digits of 2009 with 10 (2010)
=REPLACE(A4,1,3,"@") Replaces the first three characters with @ (@456)
Page 1of 1 REPLACE
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REPT
See Also
Repeats text a given number of times. Use REPT to fill a cell with a number of instances of a text string.
Syntax
REPT(text,number_times)
Text is the text you want to repeat.
Number_times is a positive number specifying the number of times to repeat text.
Remarks
I f number_times is 0 (zero), REPT returns "" (empty text).
If number_times is not an integer, it is truncated.
The result of the REPT function cannot be longer than 32,767 characters, or REPT returns #VALUE!.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Formula Description (Result)
=REPT("*-", 3) Displays the string 3 times (*-*-*-)
=REPT("-",10) Displays a dash 10 times (----------)
Page 1of 1 REPT
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RI GHT
See Also
Also applies to:
RI GHTB
RIGHT returns the last character or characters in a text string, based on the number of characters you specify.
RIGHTB returns the last character or characters in a text string, based on the number of bytes you specify. This function is for use with
double-byte characters.
Syntax
RI GHT(text,num_chars)
RI GHTB(text,num_bytes)
Text is the text string containing the characters you want to extract.
Num_chars specifies the number of characters you want RIGHT to extract.
Num_bytes specifies the number of characters you want RIGHTB to extract, based on bytes.
Remarks
Num_chars must be greater than or equal to zero.
If num_chars is greater than the length of text, RIGHT returns all of text.
If num_chars is omitted, it is assumed to be 1.
Example (RI GHT)
The example may be easier to understand if you copy it to a blank worksheet.
How?
Example (RI GHTB)
=RIGHTB(" " , 2) equals " "

1
2
3
A
Data
Sale Price
Stock Number
Formula Description (Result)
=RI GHT(A2,5) Last 5 characters of the first string (Price)
=RI GHT(A3) Last character of the second string (r)
Page 1of 1 RIGHT
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SEARCH
See Also
Also applies to:
SEARCHB
SEARCH returns the number of the character at which a specific character or text string is first found, beginning with start_num. Use
SEARCH to determine the location of a character or text string within another text string so that you can use the MID or REPLACE
functions to change the text.
SEARCHB also finds one text string (find_text) within another text string (within_text), and returns the number of the starting position
of find_text. The result is based on the number of bytes each character uses, beginning with start_num. This function is for use with
double-byte characters You can also use FINDB to find one text string within another.
Syntax
SEARCH(find_text,within_text,start_num)
SEARCHB(find_text,within_text,start_num)
Find_text is the text you want to find. You can use the wildcard characters, question mark (?) and asterisk (*), in find_text. A
question mark matches any single character; an asterisk matches any sequence of characters. If you want to find an actual question
mark or asterisk, type a tilde (~) before the character.
Within_text is the text in which you want to search for find_text.
Start_num is the character number in within_text at which you want to start searching.
Tip
Use start_num to skip a specified number of characters. For example, suppose you are working with the text string
"AYF0093.YoungMensApparel". To find the number of the first "Y" in the descriptive part of the text string, set start_num equal to 8 so
that the serial-number portion of the text is not searched. SEARCH begins with character 8, finds find_text at the next character, and
returns the number 9. SEARCH always returns the number of characters from the start of within_text, counting the characters you skip
if start_num is greater than 1.
Remarks
SEARCH and SEARCHB do not distinguish between uppercase and lowercase letters when searching text.
SEARCH and SEARCHB are similar to FIND and FINDB, except that FIND and FINDB are case sensitive.
If find_text is not found, the #VALUE! error value is returned.
If start_num is omitted, it is assumed to be 1.
If start_num is not greater than 0 (zero) or is greater than the length of within_text, the #VALUE! error value is returned.
Example (SEARCH)
The example may be easier to understand if you copy it to a blank worksheet.
How?
Example (SEARCHB)
In the following examples, SEARCH returns 2 because "" is in the second position within the string, and SEARCHB returns 3 because
each character is counted by its bytes; the first character has 2 bytes, so the second character begins at byte 3.
=SEARCH( " " , " " ) equals 2

1
2
3
4
A
Data
Statements
Profit Margin
margin
Formula Description (Result)
=SEARCH("e",A2,6) Position of the first "e" in the first string above, starting at the sixth position (7)
=SEARCH(A4,A3) Position of "margin" in "Profit Margin" (8)
=REPLACE(A3,SEARCH(A4,A3),6,"Amount") Replaces "Margin" with "Amount" (Profit Amount)
Page 1of 2 SEARCH
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=SEARCHB(" " , " " ) equals 3
Page 2of 2 SEARCH
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T
See Also
Returns the text referred to by value.
Syntax
T(value)
Value is the value you want to test.
Remarks
If value is or refers to text, T returns value. If value does not refer to text, T returns "" (empty text).
You do not generally need to use the T function in a formula because Microsoft Excel automatically converts values as necessary.
This function is provided for compatibility with other spreadsheet programs.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
4
A
Data
Rainfall
19
TRUE
Formula Description (Result)
=T(A2) Because the first value is text, the text is returned (Rainfall)
=T(A3) Because the second value is a number, empty text is returned ()
=T(A4) Because the third value is a logical value, empty text is returned ()
Page 1of 1 T
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TEXT
See Also
Converts a value to text in a specific number format.
Syntax
TEXT(value,format_text)
Value is a numeric value, a formula that evaluates to a numeric value, or a reference to a cell containing a numeric value.
Format_text is a number format in text form from in the Category box on the Number tab in the Format Cells dialog box.
Remarks
Format_text cannot contain an asterisk (*).
Formatting a cell with an option on the Number tab (Cells command, Format menu) changes only the format, not the value.
Using the TEXT function converts a value to formatted text, and the result is no longer calculated as a number.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A B
Salesperson Sales
Buchanan 2800
Dodsworth 40%
Formula Description (Result)
=A2&" sold "&TEXT(B2, "$0.00")&" worth of
units."
Combines contents above into a phrase (Buchanan sold $2800.00 worth of
units.)
=A3&" sold "&TEXT(B3,"0%")&" of the total
sales."
Combines contents above into a phrase (Dodsworth sold 40% of the total
sales.)
Page 1of 1 TEXT
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TRI M
See Also
Removes all spaces from text except for single spaces between words. Use TRIM on text that you have received from another
application that may have irregular spacing.
Syntax
TRI M(text)
Text is the text from which you want spaces removed.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
1. Create a blank workbook or worksheet.
2. Select the example in the Help topic. Do not select the row or column headers.

Selecting an example from Help
3. Press CTRL+C.
4. In the worksheet, select cell A1, and press CTRL+V.
5. To switch between viewing the results and viewing the formulas that return the results, press CTRL+` (grave accent), or on the
Tools menu, point to Formula Auditing, and then click Formula Auditing Mode.

1
2
A B
Formula Description (Result)
=TRI M(" First Quarter Earnings ") Removes leading and trailing spaces from the text in the formula (First Quarter Earnings)
Page 1of 1 TRIM
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UPPER
See Also
Converts text to uppercase.
Syntax
UPPER(text)
Text is the text you want converted to uppercase. Text can be a reference or text string.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?

1
2
3
A
Data
total
Yield
Formula Description (Result)
=UPPER(A2) Upper case of first string (TOTAL)
=UPPER(A3) Upper case of second string (YIELD)
Page 1of 1 UPPER
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VALUE
See Also
Converts a text string that represents a number to a number.
Syntax
VALUE(text)
Text is the text enclosed in quotation marks or a reference to a cell containing the text you want to convert.
Remarks
Text can be in any of the constant number, date, or time formats recognized by Microsoft Excel. If text is not in one of these
formats, VALUE returns the #VALUE! error value.
You do not generally need to use the VALUE function in a formula because Excel automatically converts text to numbers as
necessary. This function is provided for compatibility with other spreadsheet programs.
Example
The example may be easier to understand if you copy it to a blank worksheet.
How?
Note To view the number as a time, select the cell and click Cells on the Format menu. Click the Number tab, and then click Time
in the Category box.

1
2
3
A B
Formula Description (Result)
=VALUE("$1,000") Number equivalent of the string (1000)
=VALUE("16:48:00")-VALUE
("12:00:00")
The serial number equivalent to 4 hours and 48 minutes, which is "16:48:00"-
"12:00:00" (0.2 or 4:48)
Page 1of 1 VALUE
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