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Please answer the following essay question:
What is the difference between a function and a formula? List an example of each.
Answer in paragraph form using 5-7 complete sentences.

Sagot :

Kelseytheestallion38idn

A formula is statement written by the user to be calculated. Formulas can be as simple or as complex as the user wants. A formula can contain values, references to cells, defined names, and functions.

All formulas must start with the equals sign. =1+2+3

A function is a piece of code designed to calculate specific values and are used inside formulas. Functions to sum values, calculate a trigonometric cosine, and to calculate the current time are built into excel. Additional functions can be defined using Visual Basic.

Functions are typed alongside parenthesizes, where in the arguments if any are listed in between. To use functions in a formula, for example

=COS(3.14) will return the calculated cosine. =NOW() returns the current time. =SUM(1+2+3) *2 will multiply the sum by 2Explanation hope it helps

Nhungnguyencanadaidn
A function is a built-in operation, such as SUM() , AVERAGE() , etc. ... The difference is that a function is a built-in calculation, while a formula is a user-defined calculation. A formula could just use a single function. For example, if you enter =AVERAGE(A1:A56) , that is a formula, using the AVERAGE function.

Different: A formula is any calculation in Excel, but a function is a pre-defined calculation. =MAX(A1:B20) is a formula containing a function. Mastering the use of functions in formulas is a key skill in learning financial modelling.
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