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Fundamentals of Data Analysis in Excel

MATCH() is used within the INDEX() function to return the relative position of the data in the lookup table. The PivotTable is built off of the Pivot Cache, which needs to be updated with the new data. Filter Pane and Slicer are recommended best practices for filtering a PivotTable. A #N/A error occurs with a VLOOKUP() function when there is no corresponding match between a source table and a lookup table.

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Mohammed Imran
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743 views6 pages

Fundamentals of Data Analysis in Excel

MATCH() is used within the INDEX() function to return the relative position of the data in the lookup table. The PivotTable is built off of the Pivot Cache, which needs to be updated with the new data. Filter Pane and Slicer are recommended best practices for filtering a PivotTable. A #N/A error occurs with a VLOOKUP() function when there is no corresponding match between a source table and a lookup table.

Uploaded by

Mohammed Imran
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
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Looking Up Data - INDEX() & MATCH()

Which of the following statements describes how the INDEX() and MATCH() functions are combined to
lookup data?

MATCH() is used within the INDEX() function to return the relative position of the data in the lookup
table

INDEX() calculates the relative position of the data in the source table and returns values for MATCH() to
lookup

INDEX() is used within the MATCH() function to return the relative position of the data in the lookup
table

MATCH() is used to match values from the lookup table and the source table, INDEX() returns the index
of these values

When the data source of a PivotTable is updated with new data, the new data is not always reflected in
the PivotTable immediately - we have to refresh the PivotTable to see this new information. Why is the
new data not reflected immediately?

The PivotTable has a live connection with the data source.

The PivotTable is built off of the Pivot Cache, which needs to be updated with the new data.

The connection between the PivotTable and the data source might be broken.

None of the above

Which of the following methods are recommended as best practices of filtering a PivotTable? (Select
TWO that apply)

Timeline

Filter Pane
Row or Column Header

Slicer

What type of error occurs with a VLOOKUP() function when there is no corresponding match between a
source table and a lookup table?

Error

No matching values

#N/A

#DIV/0

Which of the following are benefits of using an Excel Table? (Select THREE that apply)

Column header row freeze

Column header filters

Automatic Total row

Row and column expansion for new data

Which of the following Excel functions can replace nested IF() statements? (Select TWO that apply)

SWITCHO

LETO

SUMPRODUCT()
IFS0

What does the "@" symbol represent in a Structured Reference to an Excel table?

A reference to the entire table of data

A reference to the current row of the table

A reference to the current column of the table

A reference to the header row of the table

Which of the following statements about Date Serial numbers in Excel are TRUE? (Select three that
apply)

Date Serial numbers are what powers Date Functions in Excel.

The Date Serial number of 1 corresponds to the date 1900-01-01.

Data Serial numbers can only be used with the YEARFRAC() function.

Date Serial numbers are sequential, starting from 1.

What are the three steps for creating an Excel Chart?

Selecting the chart type

Selecting the data to visualize

Formatting the chart

■Inputting the chart type


What is one characteristic of the XLOOKUP() function that makes it so flexible?

It can be used to lookup data both vertically and horizontally.

It takes only one input parameter.

It can only take dynamic arrays as input.

It always returns a matrix of data.

Which of the following statements describes how a Dynamic Array formula is displayed in Excel?

The input array is defined in the spill area and then copied to the source cell.

The formula is defined in the source cell and then dragged down to fill in the other cells in the array.

The spill area is defined and then the results of the formula are calculated.

The formula is defined in the source cell and the output "spills" from the source cell.

To calculate profit, we created the following LAMBDA() function:

LAMBDA(Volume, Price, Cost, Volume * Price - Volume * Cost)(D2, E2, F2)

What does the (D2, E2, F2) syntax, in the second pair of brackets, do in our function?

Saves the function in the Name Manager

Defines the variables for the function

Tests the function to check if it is working correctly

Defines the calculation for the function


Consider the following scenario: we have a column of data containing text values. Here is a preview of
the data:

TextValues

Prod.Hammers

Prod.Nails

Prod.Screwdrivers

Prod.Drills

We want to create a new column of data, retrieving the Product Name from the string in the Text Values
column. The Product name is everything to the right of the "." delimiter.

Which of the following functions would return the Product Name?

RIGHT(TextValues, 5)

RIGHT(TextValues, LEN(TextValues) - 5)

LEFT(TextValues, 5)

RIGHT(TextValues, -5)

Which of the following is NOT a conditional formatting option in Excel?

Highlight Cell Rules

Data Bars

Color Scales

LAMBDA() Function
What is important to remember about the lookup table to ensure that the VLOOKUP() function
calculates as expected?

The lookup table can only be used to return an approximate match.

The lookup table needs to contain all of the possible values of the source table.

The lookup table needs to be the same size as the source table.

The lookup table needs to be sorted.

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