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Category: Excel Functions

XIRR function: Description, Usage, Syntax, Examples and Explanation

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What is XIRR function in Excel? XIRR function is one of Financial functions in Microsoft Excel that returns the internal rate of return for a schedule of cash flows that is not necessarily periodic. To calculate the internal rate of return for a series of periodic cash flows, use the IRR function. Syntax of XIRR function …

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VDB function: Description, Usage, Syntax, Examples and Explanation

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What is VDB function in Excel? VDB function is one of Financial functions in Microsoft Excel that returns the depreciation of an asset for any period you specify, including partial periods, using the double-declining balance method or some other method you specify. VDB stands for variable declining balance. Syntax of VDB function VDB(cost, salvage, life, start_period, …

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TBILLYIELD function: Description, Usage, Syntax, Examples and Explanation

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What is TBILLYIELD function in Excel? TBILLYIELD function is one of the Financial functions in Microsoft Excel that returns the yield for a Treasury bill. Syntax of TBILLYIELD function TBILLYIELD(settlement, maturity, pr) Important: Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE(2008,5,23) for the 23rd …

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TBILLPRICE function: Description, Usage, Syntax, Examples and Explanation

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What is TBILLPRICE function in Excel? REPT function is one of Financial functions in Microsoft Excel that returns the price per $100 face value for a Treasury bill. Syntax of TBILLPRICE function TBILLPRICE(settlement, maturity, discount) The TBILLPRICE function syntax has the following arguments: Settlement: The Treasury bill’s settlement date. The security settlement date is the date after …

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IS functions: ISBLANK, ISERR, ISERROR, ISLOGICAL, ISNA, ISNONTEXT, ISNUMBER, ISREF, ISTEXT

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What is IS function in Excel? IS functions, ISBLANK, ISERR, ISERROR, ISLOGICAL, ISNA, ISNONTEXT, ISNUMBER, ISREF, ISTEXT are under the Information functions in Microsoft Excel. Each of these functions, referred to collectively as the IS functions, checks the specified value and returns TRUE or FALSE depending on the outcome. For example, the ISBLANK function returns the logical value TRUE if the …

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ISFORMULA function: Description, Usage, Syntax, Examples and Explanation

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What is ISFORMULA function in Excel? ISFORMULA function is one of the Information functions in Microsoft Excel that checks whether there is a reference to a cell that contains a formula, and returns TRUE or FALSE. Syntax of ISFORMULA function ISFORMULA(reference) The ISFORMULA function syntax has the following arguments. Reference: Reference is a reference to the …

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ERROR.TYPE function: Description, Usage, Syntax, Examples and Explanation

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What is ERROR.TYPE function in Excel? ERROR.TYPE function is one of the Information functions in Microsoft Excel that returns a number corresponding to one of the error values in Microsoft Excel or returns the #N/A error if no error exists. You can use ERROR.TYPE in an IF function to test for an error value and …

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N function: Description, Usage, Syntax, Examples and Explanation

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What is N function in Excel? N function is one of the Information functions in Microsoft Excel that returns a value converted to a number. Syntax of N function N(value) The N function syntax has the following arguments: Value: The value you want converted. N converts values listed in the following table. If value is or …

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SHEET function: Description, Usage, Syntax, Examples and Explanation

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What is SHEET function in Excel? SHEET function is one of the Information functions in Microsoft Excel that returns the sheet number of the reference sheet. Syntax of SHEET function SHEET(value) The SHEET function syntax has the following arguments. Value(Optional): Value is the name of a sheet or a reference for which you want the sheet …

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NA function: Description, Usage, Syntax, Examples and Explanation

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What is NA function in Excel? NA function is one of the Information functions in Microsoft Excel that returns the error value #N/A. #N/A is the error value that means “no value is available.” Use NA to mark empty cells. By entering #N/A in cells where you are missing information, you can avoid the problem …

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OR function: Description, Usage, Syntax, Examples and Explanation

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What is OR function in Excel? OR function is one of the Logical functions in Microsoft Excel that determines if any conditions in a test are TRUE. Illustration of OR function Example Here are some general examples of using OR by itself, and in conjunction with IF. Formula Description =OR(A2>1,A2<100) Displays TRUE if A2 is greater than 1 OR less than 100, otherwise …

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SWITCH function: Description, Usage, Syntax, Examples and Explanation

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What is SWITCH function in Excel? SWITCH function is one of the Logical functions in Microsoft Excel that evaluates one value (called the expression) against a list of values, and returns the result corresponding to the first matching value. If there is no match, an optional default value may be returned. Syntax of SWITCH function In its simplest …

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XOR function: Description, Usage, Syntax, Examples and Explanation

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What is XOR function in Excel? XOR function is one of the Logical functions in Microsoft Excel that returns a logical Exclusive Or of all arguments. Syntax of XOR function XOR(logical1, [logical2],…) The XOR function syntax has the following arguments. Logical1, logical2,…    Logical 1 is required, subsequent logical values are optional. 1 to 254 conditions you …

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IFNA function: Description, Usage, Syntax, Examples and Explanation

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What is IFNA function in Excel? IFNA function is one of the Logical functions in Microsoft Excel that returns the value you specify if the formula returns the #N/A error value; otherwise returns the result of the formula. Syntax of IFNA function IFNA(value, value_if_na) The IFNA function syntax has the following arguments. Value    Required. The argument …

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IFERROR function: Description, Usage, Syntax, Examples and Explanation

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What is IFERROR function in Excel? IFERROR function is one of the Logical functions in Microsoft Excel that returns a value you specify if a formula evaluates to an error; otherwise, returns the result of the formula. Use the IFERROR function to trap and handle errors in a formula. Syntax of IFERROR function IFERROR(value, value_if_error) The …

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FALSE function: Description, Usage, Syntax, Examples and Explanation

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What is FALSE function in Excel? FALSE function is one of the Logical functions in Microsoft Excel that  returns the logical value FALSE. Syntax of FALSE function FALSE() The FALSE function syntax has no arguments. FALSE formula explanation You can also type the word FALSE directly onto the worksheet or into the formula, and Microsoft Excel …

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IFS function: Description, Usage, Syntax, Examples and Explanation

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What is IFS function in Excel? IFS function is one of the Logical functions in Microsoft Excel that checks whether one or more conditions are met, and returns a value that corresponds to the first TRUE condition. IFS can take the place of multiple nested IF statements, and is much easier to read with multiple conditions. …

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SUMX2PY2 function: Description, Usage, Syntax, Examples and Explanation

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What is SUMX2PY2 function in Excel? SUMX2PY2 function is one of the Math and Trig functions in Microsoft Excel that returns the sum of the sum of squares of corresponding values in two arrays. The sum of the sum of squares is a common term in many statistical calculations. Syntax of SUMX2PY2 function SUMX2PY2(array_x, array_y) The …

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AVERAGE function: Description, Usage, Syntax, Examples and Explanation

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What is AVERAGE function in Excel? MODE.SNGL function is one of Statistical functions in Microsoft Excel that returns the average (arithmetic mean) of the arguments. For example, if the range A1:A20 contains numbers, the formula =AVERAGE(A1:A20) returns the average of those numbers. Syntax of AVERAGE function AVERAGE(number1, [number2], …) The AVERAGE function syntax has the following arguments: Number1    Required. …

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AVERAGEA function: Description, Usage, Syntax, Examples and Explanation

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What is AVERAGEA function in Excel? AVERAGEA function is one of Statistical functions in Microsoft Excel that calculates the average (arithmetic mean) of the values in the list of arguments. Syntax of AVERAGEA function AVERAGEA(value1, [value2], …) The AVERAGEA function syntax has the following arguments: Value1, value2, …    Value1 is required, subsequent values are optional. 1 to …

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AVERAGEIF function: Description, Usage, Syntax, Examples and Explanation

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What is AVERAGEIF function in Excel? AVERAGEIF function is one of Statistical functions in Microsoft Excel that returns the average (arithmetic mean) of all the cells in a range that meet a given criteria. Syntax of AVERAGEIF function AVERAGEIF(range, criteria, [average_range]) The AVERAGEIF function syntax has the following arguments: Range    Required. One or more cells to average, …

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AVERAGEIFS function: Description, Usage, Syntax, Examples and Explanation

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What is AVERAGEIFS function in Excel? AVERAGEIFS function is one of Statistical functions in Microsoft Excel that returns the average (arithmetic mean) of all cells that meet multiple criteria. Syntax of AVERAGEIFS function AVERAGEIFS(average_range, criteria_range1, criteria1, [criteria_range2, criteria2], …) The AVERAGEIFS function syntax has the following arguments: Average_range    Required. One or more cells to average, including numbers …

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BETA.DIST function: Description, Usage, Syntax, Examples and Explanation

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What is BETA.DIST function in Excel? BETA.DIST function is one of Statistical functions in Microsoft Excel that returns the beta distribution. The beta distribution is commonly used to study variation in the percentage of something across samples, such as the fraction of the day people spend watching television. Syntax of BETA.DIST function BETA.DIST(x,alpha,beta,cumulative,[A],[B]) The BETA.DIST function …

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BETA.INV function: Description, Usage, Syntax, Examples and Explanation

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What is BETA.INV function in Excel? BETA.INV function is one of Statistical functions in Microsoft Excel that returns the inverse of the beta cumulative probability density function (BETA.DIST). If probability = BETA.DIST(x,…TRUE), then BETA.INV(probability,…) = x. The beta distribution can be used in project planning to model probable completion times given an expected completion time …

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BINOM.DIST function: Description, Usage, Syntax, Examples and Explanation

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What is BINOM.DIST function in Excel? BINOM.DIST function is one of Statistical functions in Microsoft Excel that returns the individual term binomial distribution probability. Use BINOM.DIST in problems with a fixed number of tests or trials, when the outcomes of any trial are only success or failure, when trials are independent, and when the probability …

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BINOM.DIST.RANGE function: Description, Usage, Syntax, Examples and Explanation

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What is BINOM.DIST.RANGE function in Excel? BINOM.DIST.RANGE function is one of Statistical functions in Microsoft Excel that returns the probability of a trial result using a binomial distribution. Syntax of BINOM.DIST.RANGE function BINOM.DIST.RANGE(trials,probability_s,number_s,[number_s2]) The BINOM.DIST.RANGE function syntax has the following arguments. Trials    Required. The number of independent trials. Must be greater than or equal to 0. …

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BINOM.INV function: Description, Usage, Syntax, Examples and Explanation

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What is BINOM.INV function in Excel? BINOM.INV function is one of Statistical functions in Microsoft Excel that returns the smallest value for which the cumulative binomial distribution is greater than or equal to a criterion value. Syntax of BINOM.INV function BINOM.INV(trials,probability_s,alpha) The BINOM.INV function syntax has the following arguments: Trials     Required. The number of Bernoulli trials. …

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AVEDEV function: Description, Usage, Syntax, Examples and Explanation

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What is AVEDEV function in Excel? AVEDEV function is one of Statistical functions in Microsoft Excel that returns the average of the absolute deviations of data points from their mean. AVEDEV is a measure of the variability in a data set. Syntax of AVEDEV function AVEDEV(number1, [number2], …) The AVEDEV function syntax has the following arguments: …

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COUNT function: Description, Usage, Syntax, Examples and Explanation

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What is COUNT function in Excel? COUNT function is one of Statistical functions in Microsoft Excel that  is used counts the number of cells that contain numbers, and counts numbers within the list of arguments. Use the COUNT function to get the number of entries in a number field that is in a range or array of …

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CORREL function: Description, Usage, Syntax, Examples and Explanation

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What is CORREL function in Excel? CORREL function is one of Statistical functions in Microsoft Excel that returns the correlation coefficient of the Array1 and Array2 cell ranges. Use the correlation coefficient to determine the relationship between two properties. For example, you can examine the relationship between a location’s average temperature and the use of …

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CONFIDENCE.T function: Description, Usage, Syntax, Examples and Explanation

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What is CONFIDENCE.T function in Excel? CONFIDENCE.T function is one of Statistical functions in Microsoft Excel that returns the confidence interval for a population mean, using a Student’s t distribution. Syntax of CONFIDENCE.T function CONFIDENCE.T(alpha,standard_dev,size) The CONFIDENCE.T function syntax has the following arguments: Alpha     Required. The significance level used to compute the confidence level. The confidence …

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CONFIDENCE.NORM function: Description, Usage, Syntax, Examples and Explanation

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What is CONFIDENCE.NORM function in Excel? CONFIDENCE.NORM function is one of Statistical functions in Microsoft Excel that returns the confidence interval for a population mean, using a normal distribution. The confidence interval is a range of values. Your sample mean, x, is at the center of this range and the range is x ± CONFIDENCE.NORM. …

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CHISQ.TEST function: Description, Usage, Syntax, Examples and Explanation

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What is CHISQ.TEST function in Excel? CHISQ.TEST function is one of Statistical functions in Microsoft Excel that returns the test for independence. CHISQ.TEST returns the value from the chi-squared (χ2) distribution for the statistic and the appropriate degrees of freedom. You can use χ2 tests to determine whether hypothesized results are verified by an experiment. …

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CHISQ.INV.RT function: Description, Usage, Syntax, Examples and Explanation

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What is CHISQ.INV.RT function in Excel? CHISQ.INV.RT function is one of Statistical functions in Microsoft Excel that returns the inverse of the right-tailed probability of the chi-squared distribution. If probability = CHISQ.DIST.RT(x,…), then CHISQ.INV.RT(probability,…) = x. Use this function to compare observed results with expected ones in order to decide whether your original hypothesis is …

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CHISQ.INV function: Description, Usage, Syntax, Examples and Explanation

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What is CHISQ.INV function in Excel? CHISQ.INV function is one of Statistical functions in Microsoft Excel that returns the inverse of the left-tailed probability of the chi-squared distribution.The chi-squared distribution is commonly used to study variation in the percentage of something across samples, such as the fraction of the day people spend watching television. Syntax …

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CHISQ.DIST.RT function: Description, Usage, Syntax, Examples and Explanation

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What is CHISQ.DIST.RT function in Excel? CHISQ.DIST.RT function is one of Statistical functions in Microsoft Excel that returns the right-tailed probability of the chi-squared distribution. The χ2 distribution is associated with a χ2 test. Use the χ2 test to compare observed and expected values. For example, a genetic experiment might hypothesize that the next generation …

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CHISQ.DIST function: Description, Usage, Syntax, Examples and Explanation

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What is CHISQ.DIST function in Excel? CHISQ.DIST function is one of Statistical functions in Microsoft Excel that returns the chi-squared distribution. The chi-squared distribution is commonly used to study variation in the percentage of something across samples, such as the fraction of the day people spend watching television. Syntax of CHISQ.DIST function CHISQ.DIST(x,deg_freedom,cumulative) The CHISQ.DIST function …

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F.DIST function: Description, Usage, Syntax, Examples and Explanation

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What is F.DIST function in Excel? F.DIST function is one of Statistical functions in Microsoft Excel that returns the F probability distribution. You can use this function to determine whether two data sets have different degrees of diversity. For example, you can examine the test scores of men and women entering high school, and determine …

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COUNTBLANK function: Description, Usage, Syntax, Examples and Explanation

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What is COUNTBLANK function in Excel? COUNTBLANK function is one of Statistical functions in Microsoft Excel used to count the number of empty cells in a range of cells. Syntax of COUNTBLANK function COUNTBLANK(range) The COUNTBLANK function syntax has the following arguments: Range    Required. The range from which you want to count the blank cells. COUNTBLANK formula explanation Cells with formulas that return …

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FORECAST function: Description, Usage, Syntax, Examples and Explanation

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What is FORECAST function in Excel? FORECAST function is one of Statistical functions in Microsoft Excel that calculates, or predicts, a future value by using existing values. The predicted value is a y-value for a given x-value. The known values are existing x-values and y-values, and the new value is predicted by using linear regression. …

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