Scribd
Upload
25 views

Exercise On Using Excel Functions - Autosum, Product, and Average

Exercise on Using Excel Functions_ Autosum, Product, And Average (2)

Uploaded by

adeeko adekunle
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
25 views

Exercise On Using Excel Functions - Autosum, Product, and Average

Exercise on Using Excel Functions_ Autosum, Product, And Average (2)

Uploaded by

adeeko adekunle
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 5

EXERCISE ON USING EXCEL FUNCTIONS: AUTOSUM, PRODUCT, AND

AVERAGE
Excel provides powerful functions that make calculations easy and efficient. Three
key functions that are often used are AutoSum, PRODUCT, and AVERAGE.

1. Open Excel and create a new workbook.


2. Set up the data in the following format:

Calculate Total Cost:

❖ In the Total Cost ($) column, use the PRODUCT function to calculate the total cost for each item.
➢ Example formula for Apples (cell D2):
➢ =PRODUCT(B2, C2)
❖ Drag the fill handle (the small square at the bottom-right corner of the cell) down to copy the formula
for the other items.

Calculate Total Quantity and Total Cost:

❖ In cell B7, use the AutoSum function to calculate the total quantity:

=SUM(B2:B6)

❖ In cell D7, use the AutoSum function to calculate the total cost:

=SUM(D2:D6)

Calculate Average Price per Item:

❖ Below the Price per Item ($) column, calculate the AVERAGE price per item (e.g., in cell C8):

=AVERAGE(C2:C6)

Format the Worksheet:

❖ Format the numbers in the Price per Item and Total Cost columns as currency.
❖ Bold the headers and apply borders for better visibility.

Save the Workbook:

❖ Save your workbook with an appropriate name (e.g., "Excel Functions Exercise").
CHARTS IN EXCEL
Definition of Charts

A chart is a graphical representation of data, allowing you to visually compare and interpret information.
Charts make it easier to spot trends, patterns, and outliers in large data sets.

2.2 Types of Charts in Excel

Excel offers various chart types that suit different data sets:

1. Column Chart:
○ Displays data as vertical bars.
○ Use Case: Compare values across different categories.

2. Bar Chart:
○ Displays data as horizontal bars.
○ Use Case: Similar to a column chart but useful when category names are long.

3. Line Chart:
○ Shows data trends over time with data points connected by lines.
○ Use Case: Display data changes over time.
○ Example: Monthly sales growth over a year.
4. Pie Chart:
○ Represents data as slices of a pie, with each slice representing a proportion of the whole.
○ Use Case: Show percentage or proportional data.

5. Scatter Plot:
○ Displays individual data points based on two variables.
○ Use Case: Identify correlations or relationships between variables.
6. Area Chart:
○ Similar to a line chart, but the area under the line is filled in, emphasizing the magnitude of
values.
○ Use Case: Show cumulative data trends.

3. How to Create a Chart in Excel


Steps to Create a Chart:

1. Prepare the Data: Ensure that your data is well-organized. Each column should have a heading,
and the data should be clearly labeled.
2. Select the Data: Highlight the data range you want to include in the chart (including the labels).
3. Insert a Chart:
○ Go to the Insert tab on the Excel ribbon.
○ In the Charts group, click on the chart type you wish to create (e.g., Column, Pie, Line).
4. Customize the Chart:
○ Use the Chart Tools tab to modify the chart. You can add titles, change colors, adjust axis
labels, and add gridlines.
5. Finalize the Chart: Adjust the size or move the chart by clicking and dragging its corners.

Example: To create a bar chart of sales data:

● Highlight cells A1 to B5 (where A1


contains product names, and B1
contains sales figures).
● Go to the Insert tab and select Bar Chart.
● A bar chart will appear, showing the sales figures for each product.

4. Working with Charts in Excel


Excel charts are dynamic and can be customized further after creation. Here’s how to work with charts
effectively:

1. Changing Chart Type:


○ Right-click on the chart and select Change Chart Type if you want to switch between
different chart styles (e.g., from a column chart to a line chart).
2. Adding Chart Elements:
○ You can add chart elements such as titles, axis labels, and legends by clicking on the +
button that appears beside the chart.
○ For example, add a Chart Title by clicking Chart Elements, then check Chart Title.
3. Formatting the Chart:
○ You can change the colors and styles of the chart through the Format tab in the Chart
Tools section.
○ For example, you can change the bar colors or the font size of your axis labels.
4. Resizing and Moving Charts:
○ You can resize the chart by dragging its edges. To move the chart, click and drag it to a new
position on the worksheet.

5. Creating Data with Charts


Excel charts are dynamic, meaning they update automatically when the underlying data changes. You
don’t need to recreate the chart if your data is updated.

Example: Let’s say you’ve created a column chart showing the sales data for January to June. Later, you
update the sales figures for May and June. Excel will automatically reflect these changes in the chart.

Steps:

1. Enter Data: First, ensure your data is organized in a table format.


2. Create the Chart: Use the steps outlined above to create your desired chart type.
3. Update Data: If any of the values in your data range change, the chart will adjust automatically to
reflect the new values.

You might also like