Excel Basics Practice

This file provides hands-on exercises to accompany the document named "A Review of Excel Basics".

Naming Ranges
Exercise 1 Name a Range (method 1) Exercise 2 Name a Range (method 2)
Exercise 3 Name a Range (method 3) Exercise 4 Display Range Names
Exercise 5 Add a Cell Comment

Formatting
Exercise 6 Merge and Center Exercise 7 Apply Formatting
Exercise 8 Apply Borders Exercise 9 Create a Text Box
Exercise 10 Use the Format Painter

Basic Editing
Exercise 11 Edit Fill Exercise 12 Use Excel Custom Lists
Exercise 13 Copy and Paste a Formula Exercise 14 Convert Formulas to Values
Exercise 15 Transpose Data

Formulas
Exercise 16 Relative References Exercise 17 Absolute References
Exercise 18 Use Built-in Functions Exercise 19 Using Logical Functions
Exercise 20 Using Formula Auditing Tools

Data Tables
Exercise 21 The One-Input Data Table Exercise 22 The Two-Input Data Table

Charting
Exercise 23 Generate a Quick Chart Exercise 24 Use the Chart Wizard
Exercise 25 Create an XY Chart

Paula Ecklund v 2007-8

iew of Excel Basics".

mulas to Values
 Return to
Practice: Naming Ranges Contents

Exercise 1-Name a range

January 30 1. Select range B6:C11.

February 45 2. From Excel's menus choose Excel makes its be
March 22 Insert, Name, Create. where your labels
April 18 3. In the "Create Names" dialog, your data. You ma
May 10 click "Left column" and then one option selecte
"OK". "Top row" AND "Le
June 58

Exercise 2-Name a range

January Data 1. Select range B20:B22.

35 2. From Excel's menus choose
44 Insert, Name, Define.
66 3. In the "Define Name" dialog,
supply a name for the selected
range or if Excel has provided
a name accept its suggestion.
4. Click "OK".

Exercise 3-Name a range

1. Select range B37:C39.

2. Click in the "Name Box" at the
left of Excel's formula bar.
3. In the "Name Box" type the
text Aqua_Range and hit the
enter key. Range name text typed into the "Name Box"
at the left of Excel's formula bar.

Exercise 4-Display range names

1. Display the range names you've assigned by

clicking the drop-down arrow in the "Name
Box".
2. Document in the worksheet the range names
you've assigned by clicking a cell in a blank
area of the worksheet and choosing the
commands Insert, Name, Paste, Paste List.
1. Display the range names you've assigned by
clicking the drop-down arrow in the "Name
Box".
2. Document in the worksheet the range names
you've assigned by clicking a cell in a blank
area of the worksheet and choosing the
commands Insert, Name, Paste, Paste List.

An example of "paste listed" range names.

Exercise 5-Add a cell comment

100%

1. Hover the mouse pointer over the red triangle in

the cell above to see the associated comment.
2. Enter a value in an empty cell*. With that cell
selected, choose Insert, Comment from
Excel's menus. -Or-right click the cell and
choose Insert Comment from the pop-up menu
that displays.
3. Enter your comment in the text box provided.

* You can also add a comment to an empty cell.

 Excel makes its best guess as to
where your labels are in relation to
your data. You may have more than
one option selected. For example,
"Top row" AND "Left column".

d into the "Name Box"

el's formula bar.
sted" range names.
 Return to
Practice: Formatting Contents

Exercise 6-Merge and Center

Tensile Strength of Cement*

1 13 13.3 11.8 1. Select range B6:G6.
2 21.9 24.5 24.7 2. From Excel's formatting toolbar
3 29.8 28 24.1 24.2 26.2 click the "Merge and Center"
7 32.4 30.4 34.5 33.1 35.7 tool.
28 41.8 42.6 40.3 35.7 37.3

* From http://www.stat.ncsu.edu/sas/sicl/data

Exercise 7-Apply Formatting

Select each of the five cells in turn in
100 Currency the range B18 to B22. Format the cell
100 Percentage by clicking the appropriate formatting
1000000 Thousands comma separator tool button from the Formatting
100.00 Increase decimals toolbar.
100.00 Decrease decimals

Exercise 8-Apply Borders

Select the range of colored cells at left
and use a border tool on the
formatting toolbar to add a thick border
around the outside. Your bordered
range should look like this:

Exercise 9-Create a Text Box

Click the Text Box tool on the Drawing
toolbar. Drag a rectangular shape at
left, and enter text into the box. To add
special formatting, right-click an edge
of the text box and choose "Format
Text Box".
 left, and enter text into the box. To add
special formatting, right-click an edge
of the text box and choose "Format
Text Box".

Exercise 10-Use the Format Painter

Sales Use the Format Painter button on

January $5,400.00 Excel's Standard Toolbar to quickly
format the range B63:C66 in the same
February $3,152.00 way as the range formatted at left.
March $6,582.00

Sales
January $5,400.00
February $3,152.00
March $6,582.00
 B6:G6.
formatting toolbar
rge and Center"
 Return to
Practice: Basic Editing Contents

Exercise 11-Edit Fill

5 March Qtr 1 1. Select range B7:B8 at left.

10 April Qtr 2 2. Position the pointer on the "fill box",
the small black square in the lower
right corner of the selected range.

3. Drag the fill box down so Excel

continues the sequence of numbers.

Do the same for C7:C8 and D7:D8.

Exercise 12-Use Excel Custom Lists 1. Select Cell B25 at left.

2. Position the pointer on the "fill box",
January Sunday the small black square in the lower
right corner of the selected range.
3. Drag down several rows. Excel will fill
the cells with months of the year.
Follow the same process for Cell C25.

Exercise 13-Copy & Paste a Formula Method 1

1. Make D47 the current cell.
Referenced value: 6% 2. In the formula bar, drag over the formula,
Another referenced value: 100 and hit CTRL+C (Edit, Copy), then hit the
Formula: 6 escape key.
3. Click in cell B49 and hit CTRL+V (Edit,
Paste). The same result (6) should
display. Excel does not adjust the cell
references in the formula.
Method 2
1. Again make D47 the current cell and
click CTRL+C.
2. Click in Cell B51 and hit CTRL+V. A
different result (0) should display. Excel
adjusts the cell references in the
 1. Make D47 the current cell.
2. In the formula bar, drag over the formula,
and hit CTRL+C (Edit, Copy), then hit the
escape key.
3. Click in cell B49 and hit CTRL+V (Edit,
Paste). The same result (6) should
display. Excel does not adjust the cell
references in the formula.
Method 2
1. Again make D47 the current cell and
click CTRL+C.
2. Click in Cell B51 and hit CTRL+V. A
different result (0) should display. Excel
adjusts the cell references in the
copied formula.

Exercise 14-Edit Copy & Edit Paste Special to Convert Formulas to Values

Formulas Values 1. Click each of the cells B65 to B69 at left

46 and see in the formula bar that each is a
formula.
54
2. Select the range B65:B69.
143 3. From the menus choose Edit, Copy.
100 4. Click Cell D65 and choose Edit, Paste
14 Special.
5. In the "Paste Special" dialog, toggle on
the "Values" option and click OK.

The numbers in the range D65:D69 should

appear the same as the numbers in the
range B65:B69. However, click each
value in the D column and see in the
formula bar that each has been
transformed from a formula to a constant.

Exercise 15-Edit Copy & Edit Paste Special to Transpose Data

Data in Rows 1. Highlight the range B85:D87 at left.

January 55 35 2. From Excel's menus choose Edit, Copy.
February 23 29 3. Click Cell B90.
March 12 18 4. From Excel's menus choose Edit, Paste
Special to open the "Paste Special"
dialog.
Transposed Data 5. Click the "Transpose" option near the
bottom of the dialog; then click OK.

Excel converts columns to rows.

Excel converts columns to rows.
 he formula,
then hit the

L+V (Edit,
hould
the cell

cell and

L+V. A
play. Excel
the
 he formula,
then hit the

L+V (Edit,
hould
the cell

cell and

L+V. A
play. Excel
the

B69 at left
t each is a

Copy.
it, Paste

toggle on
OK.

D69 should
ers in the
k each
e in the
n
a constant.

t left.
Edit, Copy.

Edit, Paste
ecial"

ear the
k OK.
 Return to
Practice: Formulas Contents

Exercise 16-Copying a Formula Using a Relative Reference

Quarter 1 Quarter 2 Quarter 3 1. Check to see that the cell C11 at left
March $500 $250 $35 holds the SUM formula =SUM(C8:C10).
April $300 $120 $45 2. Make cell C11 the current cell.
May $100 $95 $55 3. Position the mouse pointer on the filled
black square at the lower right-hand
Total: $ 900.00
corner of cell C11 and drag the pointer
across to cell E11. The result should look
like this:

4. Examine the copied formulas in cells

D11 and E11. Excel has adjusted the
cell references so they refer to the
correct values in their columns. That is,
=SUM(C8:C10) becomes =SUM(D8:D10)
and =SUM(E8:E10).

Exercise 17-Copying a Formula Using an Absolute Reference

Tax rate: 4% 1. Check to see that the cell C35 at left

holds the formula =SUM(C32:C34)*C29.
Quarter 1 Quarter 2 Quarter 3 2. Make cell C35 the current cell.
March $500 $250 $35 3. Position the mouse pointer on the filled
April $300 $120 $45 black square at the lower right-hand
corner of cell C11 and drag the pointer
May $100 $95 $55
across to cell E35. The result should look
Tax: $36 like this:

Example
Quarter 1 Quarter 2 Quarter 3
March $500 $250 $35 The formulas in Cells D35 and E35 are
April $300 $120 $45 incorrect as copied. Excel has used its
default relative referencing in the copied
May $100 $95 $55
formulas but that's not appropriate for
Tax: $36 $19 $5 the reference to the tax rate in Cell C29.
4. Modify the "master formula" in Cell C35
so it looks like this:
=SUM(C32:C34)*$C$29
and then copy the modified formula
across for Quarters 2 and 3 to get the
correct results.
Check the completed example (with green
background) to see another instance.
 =SUM(C32:C34)*$C$29
and then copy the modified formula
across for Quarters 2 and 3 to get the
correct results.
Check the completed example (with green
background) to see another instance.

Exercise 18-Use Built-in Functions 1. Write a function in each of Cells C64:C67

at left to calculate the sum, average,
Sales minimum value, and maximum value in
May $ 235 the range C59:C62 (named SALES).
June $ 544 Your result should look like this:
July $ 829
August $ 610

Sum:
Average:
Min: 2. Enter the TODAY function in Cell C69 to
Max: return the current date. The syntax of
the function is: =TODAY()

Today's date:

Exercise 19-Using Excel Logical Functions

1. Write an IF function in Cell C82 that
Sales ($ millions) compares the sales in Quarters 1 and 2
Quarter 1 500 and returns the text "Q1 better than 2" or
Quarter 2 350 "Q2 better than Q1". Your formula should
Quarter 3 495 look like this:
Quarter 4 620 =IF(C77>C78, "Q1 better than Q2",
"Q2 better than Q1.")
2. Write an IF statement in Cell C84 that
Which did better? includes a nested MAX function and that
returns the text "Exceeded $600M sales
Met $600M Q goal? in one quarter" if any quarter meets that
criteria or "Quota not met" if not. Your
Q1 vs. Q2: formula should look like this:
=IF(MAX(C77:C80)>600, "Exceeded
$600M sales in 1 quarter","Quota not
met")
3. Write an IF statement in Cell 86 that
compares sales in Q1 and Q2. If Q1
sales are greater, return the difference.
If Q1 sales are less, return the increase.
Your formula should look like this:
=IF(C77>C78, C77-C78, C78-C77)

Exercise 20-Using Excel's Formula Auditing Tools

1. Turn on Excel's "Formula Auditing"

toolbar by choosing View, Toolbars,
Formula Auditing from Excel's menu.
2. Click Cell C105 and click the "Trace
Precedents" button on the toolbar to see
the values used by the C105 formula.
3. Click Cell C101 and click the "Trace
Tax rate: 6% 1. Turn on Excel's "Formula Auditing"
toolbar by choosing View, Toolbars,
Sale: 100 Formula Auditing from Excel's menu.
2. Click Cell C105 and click the "Trace
Tax: 6 Precedents" button on the toolbar to see
Total: 106 the values used by the C105 formula.
3. Click Cell C101 and click the "Trace
Dependents" button on the toolbar to see
the formula values that depend on the tax
rate value in C101.
4. Click the "Remove All Arrows" button on
the toolbar to remove auditing indicators.
ell C11 at left
=SUM(C8:C10).
nt cell.
ter on the filled
r right-hand
ag the pointer
esult should look

mulas in cells
adjusted the
efer to the
olumns. That is,
es =SUM(D8:D10)

ell C35 at left Tip-Building a Formula with Absolute

M(C32:C34)*C29. Addressing
ent cell.
nter on the filled An absolute reference is indicated by the dollar
er right-hand signs before the row and column indicators;
rag the pointer e.g., $C$29. An alternative to typing in the
result should look dollar signs is to
1. Position the mouse pointer on the cell
reference in the formula bar.
2. Tap the F4 key until the type of reference you
want is displayed.
D35 and E35 are The F4 key toggles through four options:
cel has used its C29 - relative
cing in the copied $C$29 - absolute row and column
appropriate for $C29 - absolute column, relative row
rate in Cell C29. C$29 - absolute row, relative column
mula" in Cell C35

*$C$29
ified formula
nd 3 to get the

mple (with green

er instance.
*$C$29
ified formula
nd 3 to get the

mple (with green

er instance.

of Cells C64:C67
um, average,
aximum value in
med SALES).
like this:

on in Cell C69 to
The syntax of
Y()

Cell C82 that

Quarters 1 and 2
1 better than 2" or
ur formula should

er than Q2",

n Cell C84 that

function and that
ded $600M sales
uarter meets that
et" if not. Your
this:
0, "Exceeded
r","Quota not

n Cell 86 that
and Q2. If Q1
n the difference.
urn the increase.
ok like this:
8, C78-C77)

a Auditing"
w, Toolbars,
cel's menu.
the "Trace
e toolbar to see
105 formula.
the "Trace
a Auditing"
w, Toolbars,
cel's menu.
the "Trace
e toolbar to see
105 formula.
the "Trace
he toolbar to see
epend on the tax

rows" button on
diting indicators.
IMPORTANT NOTE Steps 1, 2, and 5 wil be followed in every function we carry out using matrices

How to add matrices

Matrix A Matrix B
1 4 7 3 6 9
2 5 8 4 7 10
3 6 9 5 8 11

How to Subtrac matrices

Matrix A Matrix B
1 4 7 3 6 9
2 5 8 4 7 10
3 6 9 5 8 11

How to find the transpose of a matrix

Matrix A
4 8 2
7 4 3
How to multiply a matrix by a scalar (real number)

Matrix A Scaler 3
3 3 6
1 4 7
2 5 8

How to multiply two matrices

Matrix A Matrix B
3 3 6 4 8 2
1 4 7 7 4 3
2 5 8 5 5 9
7 1 6

How to find the inverse of a square matrix

Matrix A
2 5 4
1 6 3
1 -2 -7
we carry out using matrices

1. Enter the data of each matrix.

2. Highlight another section of the worksheet (near the given matrices) that has
the same dimensions as the answer matrix.

3. - Let's say that we wish to find: [A] + [B]

- Since we are adding two 3 x 3 matrices, the sum matrix will also be 3 x 3.

4. Type: = (A2:C4)+(E2:G4) (This will appear in the formula bar.)

5. Since this answer will result in an array (matrix), you will need to:
CTRL+SHIFT+ENTER
(NOTE: Braces will surround the formula.)

- Let's say that we wish to find:

[A] - [B]
Since we are adding two 3 x 3
matrices, the sum matrix will also
be 3 x 3.

- Type: = (A2:C4) - (E2:G4) (This

will appear in the formula bar.)

- Since we are finding the

transpose of a 2 x 3 matrix, the
answer will be a 3 x 2 matrix.

- Type: = TRANSPOSE(A2:C3)
(This will appear in the formula
bar.)
- Let's say that we wish to
multiply the given matrix of a
scalar of three (3).

- Since we are multiplying a 4 x 3

matrix by the scalar, our result
will also be a 4 x 3 matrix.

- Type: = 3*(A3:C6) (This will

appear in the formula bar.)

- Let's say that we wish to find the product of matrix A

(3 x 3) and matrix B (4 x 3).

- Recall that the number of columns of the first matrix

must be equal to the number of rows of the second
matrix to produce a product matrix.
- Therefore, we must find the product of [B] x [A] –
which will be a 4 x 3 matrix.

- Type: = MMULT(E2:G5,A2:C4) (This will appear in the

formula bar.)

- Since we were given a 3 x 3

matrix, its inverse will also be a 3
x 3 matrix.

- Type: = MINVERSE(A2:C4) (This

will appear in the formula bar.)
 Return to
Practice: Data Tables Contents

The model
Interest Rate 5%
Term 30 Input values that can vary.
Principal $250,000

Monthly Payment ($1,342.05) =PMT(interest rate/12, term * 12, principal)

Exercise 21-The One-Input Data Table

1. Complete the one-input Data Table that varies interest rate by highlighting the range B22:C29,
choosing Data, Table from Excel's menus, and entering the model interest rate cell (D6) in
the "Column" prompt. Hit OK.
2. Complete the one-input Data Tables below that vary term and principal in the same fashion.

Vary Interest Input Vary Term Input Vary Principal Input

Interest ($1,342.05) Term ($1,342.05) Principal
3.5% 5 $100,000
4.0% 10 $150,000
4.5% 15 $200,000
5.0% 20 $250,000
5.5% 25 $300,000
6.0% 30 $350,000
6.5% 35 $400,000

Exercise 22-The Two-Input Data Table

Complete the two-input Data Table that varies both interest rate and term by highlighting the
range B43:H50, choosing Data, Table from Excel's menus, entering the model interest rate
cell (D6) in the "Column" prompt, and entering the model term (D7) in the "Row" prompt. Hit
OK to complete execution.

($1,342.05) 5 10 15 20 25 30
3.5%
4.0%
4.5%
5.0%
5.5%
6.0%
6.5%
m * 12, principal)

he range B22:C29, relevant

ate cell (D6) in

e same fashion.

ary Principal Input

($1,342.05) Step 1: Set up the table’s structure. In the example on left,
we put the formula for the monthly payment on the top
row and we put the variables we wish
to vary (in this case the interest rate, term, and principal) in
the first column of the relevant data tables.

Step 2: Highlight the table area (outlined in the dark

border).
Step 3: Activate the command Data|What-if Analysis|Data
Table . You will get a dialog box which asks you to indicate a
Row input cell and/or a Column
input cell .

Step 4: In this case, the variable we wish to change is in the

left-hand column of our table, so we leave the Row input
cell blank and indicate cell D6 (this cell
contains the interest rate in our example.) in the Column
input cell box.

Two-Dimentional data table:

- This time we fill in both the Row input cell (indicating cell
C7, the site of term in our example) and the Column input
cell (indicating cell D6).
Two-Dimentional data table:

- This time we fill in both the Row input cell (indicating cell
C7, the site of term in our example) and the Column input
cell (indicating cell D6).
 Return to
Practice: Charting Contents

Exercise 23-Generate a Quick Chart

Sales 1. Select the range B7:C10 at left.

Quarter 1 $500 2. Hit the F11 key.
Quarter 2 $550
Quarter 3 $650 Excel generates a default column chart on a
new worksheet it adds to the workbook. Your
column chart should look like this:
12 $132
45 $145
67 $167
89 $189

Exercise 24-Use the Chart Wizard to Create a Chart

March April May 1. Select the range B24:E27 at left.

Marketing $350 $400 $325 2. Click the Chart Wizard button on Excel's
Overhead $100 $100 $110 Standard toolbar and walk through the
R&D $500 $550 $525 four Wizard steps. Generate a bar chart
that looks something like the one
below.
Expense Type

Expenses March-May

R&D
$500
Dollars in Thousands
Overhead
$100

Marketing
$350

$0 $100 $200 $300 $400 $500 $600

March April May

Exercise 25-Create a Scatter Plot (XY Chart)

X 5000 10000 15000 20000

Y 200000 400000 600000 800000

1. Select the range B46:F47above.

2. Click the Chart Wizard button on Excel's
Standard toolbar and start the Chart
Wizard. Choose the "XY (Scatter)" chart
type.
3. Complete the Chart Wizard steps. Your
scatter plot should look something like the
one below.
1. Select the range B46:F47above.
2. Click the Chart Wizard button on Excel's
Standard toolbar and start the Chart
Wizard. Choose the "XY (Scatter)" chart
type.
3. Complete the Chart Wizard steps. Your
scatter plot should look something like the
one below.

XY Scatter Plot
900000
800000
700000
600000
500000
400000
300000
200000
100000
0

00 000 000 000 000 000 000 000 000 000

40 6 8 10 12 14 16 18 20 22
 27 at left.
button on Excel's
alk through the
erate a bar chart
e the one

arch-May

$500
in Thousands

$350

0 $300 $400 $500 $600

April May

F47above.
d button on Excel's
start the Chart
XY (Scatter)" chart

Wizard steps. Your

ok something like the
F47above.
d button on Excel's
start the Chart
XY (Scatter)" chart

Wizard steps. Your

ok something like the

atter Plot

0 0 0 0 0 0
00 400 600 800 000 200
12 1 1 1 2 2