Key Takeaway: The Status Bar in Excel provides useful information about selected cells, including basic calculations like sum, average, and count. The Sum Function on the Status Bar allows users to quickly calculate the sum of selected cells without the need for a separate formula. The Averaging Data and Counting Cells functions on the Status…
Key Takeaway: Using Excel shortcuts for fast data navigation can save time and increase productivity for users. Basic navigation shortcuts like moving to a specific cell or the last cell with data can come in handy when working with large amounts of data. Navigation shortcuts for worksheets and workbooks can help users switch between different…
Key Takeaway: Locating the parent folder in Excel can be done using the CELL function or VBA code. The CELL function returns the complete path of the open workbook, while VBA code can extract the parent folder path from the full workbook path. For a specific file, VBA code can be used to extract the…
Key Takeaway: The BETA.DIST Excel formula provides a way to analyze data that follows a beta distribution, which is commonly used in risk analysis, finance, and quality control. Understanding how to use this formula can help improve the accuracy of statistical analysis and decision-making. The BETA.DIST function takes several arguments, including the probability value, the…
Key Takeaway: The LOGNORM.INV Excel formula is used to calculate the inverse of the logarithmic normal cumulative distribution function, which is used in statistical analysis to model variables that have a log-normal distribution. Understanding the probability density function and its relationship to the cumulative distribution function is key to understanding the LOGNORM.INV formula and its…
Key Takeaway: Insert options in Excel can be disabled to prevent accidental additions of unwanted rows or columns while working with data sets, which can cause errors in calculations and analysis. Disabling insert options in Excel can be done in two ways: by using the Excel options and modifying ribbon and toolbar options. Both methods…
\n Key Takeaway: \n \n COUPNCD is a useful Excel formula for calculating the next coupon date after the settlement date. \n The formula requires four arguments to be inputted: settlement date, maturity date, coupon period, and frequency. \n Examples of using COUPNCD include calculating annual and bi-annual coupon payments. \n Limitations of using COUPNCD…
Key Takeaway: Enabling workbook tracking in Excel allows you to keep a record of all changes made to a workbook, including who made the changes and when they were made. This can be helpful for auditing purposes, collaboration, and accountability. It’s important to save changes automatically in order to ensure that all changes are properly…
Key Takeaway: Copying worksheets in a macro in Excel is an efficient way to replicate data and formatting across multiple worksheets without manually repeating the process. To copy a worksheet in a macro, use the “Sheets” object and “Add” method in VBA to create a new worksheet, then copy the source worksheet using the “Copy”…
Key Takeaway: EXPON.DIST is a statistical function in Excel used to calculate the probability distribution of the time between events occurring, based on a set of input parameters. It allows users to model and analyze variables such as wait times, process times and service times. The EXPON.DIST formula is based on the exponential distribution, which…