Excel 2003

Using Functions

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#### Lesson 7: Using Functions

### Introduction

#### By the end of this lesson, you should be able to:

### Using functions

### Excel's different functions

#### Statistical functions:

#### Financial functions:

#### Date and time functions:

### Finding the sum of a range of data

#### To calculate the AutoSum of a range of data:

### Finding the average of a range of numbers

#### To calculate the average of a range of data:

### Accessing Excel 2003 functions

#### To access other functions in Excel:

### Challenge!

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- Understand the definition of a function
- Use Excel 2003 functions in calculations
- Access Excel 2003 functions
- Find the sum of a range of data

A **function** is a **predefined formula** that helps perform common mathematical functions. Functions save you the time of writing lengthy formulas. You could use an Excel function called **Average**, for example, to quickly find the average of range of numbers. Or you could use the **Sum** function to find the sum of a cell range. Excel 2003 contains many different functions.

Each function has a specific order, called **syntax**, which must be strictly followed for the function to work correctly.

Syntax order:

- All functions begin with the = sign.
- After the = sign, define the
**function name**(e.g., Sum). - Add one or more
**arguments**—numbers, text, or cell references—enclosed by parentheses. If there is more than one argument, separate each by a comma.

An example of a function with one argument that adds a range of cells, B3 through B10:

An example of a function with **more than one argument** that calculates the average of numbers in a range of cells, B3 through B10 and C3 through C10:

Excel literally has hundreds of different **functions** to assist with your calculations. Building formulas can be difficult and time consuming. Excel's functions can save you a lot of time and headaches.

There are many different functions in Excel 2003. Some of the more common functions include:

**SUM**: Summation adds a range of cells together.**AVERAGE**: Average calculates the average of a range of cells.**COUNT**: This counts the number of chosen data in a range of cells.**MAX**: This identifies the largest number in a range of cells.**MIN**: This identifies the smallest number in a range of cells.

**Interest rates****Loan payments****Depreciation amounts**

**DATE**: This converts a serial number to a day of the month.**Day of Week****DAYS360**: This calculates the number of days between two dates based on a 360-day year.**TIME**: This returns the serial number of a particular time.**HOUR**: This converts a serial number to an hour.**MINUTE**: This converts a serial number to a minute.**TODAY**: This returns the serial number of today's date.**MONTH**: This converts a serial number to a month.**YEAR**: This converts a serial number to a year.

You don't have to memorize these functions, but you should have an idea of what each can do for you.

The **AutoSum function** allows you to create a formula that includes a cell range—many cells in a column, for example, or many cells in a row.

- Type the numbers to be included in the formula in separate cells of column B (type 128 in cell B2, 345 in cell B3, 243 in cell B4, 97 in cell B5, and 187 cell B6).
- Click the
**first cell**(B2) to be included in the formula. - Using the point-click-drag method, drag the mouse to define a cell range from cell B2 through cell B6.
- On the
**Standard**toolbar, click the**Sum**button. - The sum of the numbers is added to cell B7, or the cell immediately beneath the defined range of numbers.
- Notice the formula,
**=SUM(B2:B6)**, has been defined to cell B7.

Excel **will not always tell you** if your function contains an error, so it's up to you to check all of your functions. To learn how to do this, read the Double-Check Your Formulas lesson from our Excel Formulas tutorial.

The **Average** function calculates the average of a range of numbers. The Average function can be selected from the AutoSum drop-down menu.

- Type the numbers to be included in the formula in separate cells of column B (type 128 in cell B2, 345 in cell B3, 243 in cell B4, 97 in cell B5, and 187 cell B6).
- Click the
**first cell**(B2) to be included in the formula. - Using the point-click-drag method,
**drag**the mouse to define a cell range from cell B2 through cell B6. - On the
**Standard**toolbar, click on the drop-down part of the**AutoSum**button.

- Select the
**Average function**from the drop-down Functions list.

- The average of the numbers is added to cell B7, or the cell immediately beneath the defined range of numbers.
- Notice the formula,
**=AVERAGE(B2:B6)**, has been defined to cell B7.

- Using the point-click-drag method, select a cell range to be included in the formula.
- On the
**Standard**toolbar, click on the drop-down part of the**AutoSum**button. - If you don't see the function you want to use (Sum, Average, Count, Max, Min), display additional functions by selecting
**More Functions**.

- The
**Insert Function**dialog box opens. - There are three ways to locate a function in the
**Insert Function**dialog box:

You can type a question in the **Search for a function box** and click **GO.**

You can scroll through the alphabetical list of functions in the **Select a function** field.

You can select a function category in the **Select a category** drop-down list and review the corresponding function names in the **Select a function** field.

- Select the function you want to use, then click the
**OK**button.

If you're comfortable with basic functions, you may want to try a more advanced one like **VLOOKUP**. You can check out our article on How to Use Excel's VLOOKUP Function for more information. If you want to learn even more about functions, check out our Excel Formulas tutorial.

- Open your
**Monthly Budget**file. - Type the following in Row 1:
**February**in D1**March**in E1**April**in F1**May**in G1**June**in H1**July**in I1**August**in J1**September**in K1**October**in L1**November**in M1**December**in N1**Total**in O1

- Type the amount of your expenses in each cell in Column D (cells 2 through 17), just like you did with Column C in a previous challenge.
- Delete the number in C15.
- Type a function in cell C15 that adds the range of cells: C2 through C14.
- Fill the formula from C15 to D15 through O15.
- Type your Income for the month of February in D16.
- Type a formula in O17 that adds your savings for the year. Because you have only entered data for the month of January and February, this amount indicates your savings for the two months.
- Save and close the
**Monthly Budget**spreadsheet.

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