Excel Assignment #3

 What is the difference of formula and functions?

A Formula is something that the user defines, and can use/refer to various Functions in it. They are similar
in that both return a result based on the calculations that each performs. The difference is that a function is a built-in
calculation, while a formula is a user-defined calculation.
Excel Assignment #4
 What are the different type of charts? When do each type of chart used?
 Column Charts
Column charts are effective for the comparison of at least one set of data points. The vertical axis, also
known as the Y-axis, is often shown in numeric values. The X-axis on the horizontal line indicates a period.
Typically, data points in column charts have these kinds: Flowers, Shrubs, Clustered, stacked, and Trees.
You can find trends over time by using these types in different colors. A clustered column chart is especially useful
in showing and analyzing multiple data sets. For stacked column charts, you can quickly check a specific
percentage of the overall data.

 Bar Charts
Bar charts are for comparing concepts and percentages among factors or sets of data. Users can set
different distinct choices for your respondents, for example, annually or quarterly sales. You can see bar charts are
similar to what column charts lying on its X-axis
If you are not sure about when to insert a bar chart for your work, you should think about the specific kind of
your original data and your personal preference. Usually, compared to other types of charts, bar charts are better
for showing and comparing vast sets of data or numbers

 Line Chart
This type of chart is normally used for explaining trends over periods. The vertical axis always displays a
numeric amount, while the X-axis indicates some other related factors. Line charts can be shown with markers in
the shape of circles, squares, or other formats
Line charts are not as colorful as other charts, but it is evident for users to see the trend within a specific
period for a single set of data. Alternatively, you can compare trends for several different data groups. Managers or
financial leaders may use such charts to measure and analyze long-term trends in sales, financial data, or
marketing statistics.

 Area Charts
Area charts are very similar to line charts, but the previous ones have solid plot lines. Area charts are ideal
for displaying trends over a period for single or several categories, or the change between several data groups.
Area charts have two main types: the stacked and the completed stacked area chart. Both of these types can show
the nature of your selected data sets.

 Pie Charts
Pie charts are useful for illustrating and showing sample break down in an individual dimension. It is in the
shape of a pie to show the relationship between your data's main and sub-categories. It is good to use when you
are dealing with categorized groups of data, or if you want to show differences among data based on a single
variable.
In reality, you can break down any sample data groups into different categories, for example, by gender or
in various age groups. For business projects, you can use pie charts to represent the importance of one specific
factor on the others. However, for analyzing several different data sets, you should go for column charts.
 Doughnut Charts
Doughnut charts are very similar to pie charts in terms of the area in the center cut out. Doughnut charts have
several elements, including the division of segments, and the meaning of arc of an individual section. Doughnut
charts are suitable for presenting the relationship between the proportions of different data groups. In this case,
users can focus on the proportional areas of the slices. Doughnuts also cover more details than pie charts via their
blank space.

 Hierarchy Charts
Hierarchy chart (hierarchy diagram) is a tool that can be used to portray the elements of a system,
organization or concept from its highest position to the lowest. The connecting lines explains the relationship
between them
  Statistical Charts
A statistical graph or chart is defined as the pictorial representation of statistical data in graphical form. The
statistical graphs are used to represent a set of data to make it easier to understand and interpret statistical
information
 Scatter Charts
Scatter charts are ideal for analyzing how different goals settle around the main topic and their various
dimensions. For example, you can quickly compare types of products based on budgets and selling prices. Scatter
charts have some different elements: markers, points, and straight lines. All of these factors can indicate and
connect disparate data units. You can choose to draw a scatter chart only in markers or lines. Generally, markers
are ideal for small data points, while lines are useful for large data points.
Scatter charts have similar points with line charts since they both use vertical and horizontal axes to show
different data points, but scatter types can also show the degree of difference in one variable to the other, which is
known as correlation. Correlations can be positive, negative, or equals to zero. Positive ones, for example, mean
data increases simultaneously most of the time based on the given time
 Waterfall Charts
A waterfall chart should be used to show how an initial value is affected by intermediate values -- either
positive or negative -- and resulted in a final value. This should be used to reveal the composition of a number. An
example of this would be to showcase how overall company revenue is influenced by different departments and
leads to a specific profit number.
 Combo Charts
A combo chart in Excel is a chart that displays multiple sets of data in different ways on the same chart.
Many kinds of data can be combined into one chart. You could even represent the same data in various ways on a
single chart.
 Spider and Radar Charts
Spider and radar charts are also known as web charts, star charts, or polar charts. If you have a large set
of different data groups, using spider and radar charts are better than column ones. The radar chart is useful for
showing multiple data groups in terms of 2D diagrams of at least three variables on axes.
Human resource (HR) managers usually use the spider or radar charts for checking the skill pattern of
different employee groups and their career performance. Besides, product managers in IT or trading organizations
can use such charts to compare different products over a wide range of features, like showing a set of various
smart electrics based on their quality, battery figures, appearance, and processors. Therefore, consumers can
easily and quickly choose the best option based on their preference.
 Pivot Chart
Pivot charts let you rapidly analyze large amounts of unsummarized data in different ways. Unlike normal
charts, Pivot charts can be used to plot data with hundreds or thousands of rows