Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Return to the Purchase worksheet. 5 . Calculate the average MPG for each vehicle. a . Enter a formula in cell C 1 0 using

Return to the Purchase worksheet.
5. Calculate the average MPG for each vehicle.
a. Enter a formula in cell C10 using the AVERAGE function to calculate the average value of C8:C9. Use only one argument.
b. Copy the formula to the appropriate cells for the other vehicles.
c. Excel will detect a possible error with these formulas. Use the SmartTag to ignore the error. Hint: Use the SmartTag while cells C10:F10 are selected and the error will be ignored for all the selected cells.
6. Calculate the registration fee for each vehicle.
a. Enter a formula in cell C13 to look up the registration fee for the first vehicle. Use the vehicle type in cell C4 as the Lookup_value argument. Use the RegistrationFees named range as the Table_array argument. The registration fees are located in column 2 of the data table. Require an exact match.
b. Copy the formula to the appropriate cells for the other vehicles.
7. Determine whether or not you will need a loan for each potential purchase.
a. In cell C15, enter a formula using an IF function to determine if you need a loan. Your available cash is located on the Data sheet in cell A3. If the price of the tar is less than or equal to your available cash, display "no". If the price of the car is more than your available, cash, display "yes". Use absolute references where appropriate-you will be copying this formula across the row.
b. Copy the formula to the appropriate cells for the other vehicles.
8. Calculate how much you would need to borrow for each purchase.
a. In cell C16, enter a formula to calculate the price of the vehicle minus your available cash (from cell A
Reset Progress Data worksheet). Use absolute references where appropriate-you will be copying this formula across
b. Copy the formula to the appropriate cells for the other vehicles.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Database Concepts

Authors: David M. Kroenke, David J. Auer

7th edition

133544621, 133544626, 0-13-354462-1, 978-0133544626

More Books

Students also viewed these Databases questions

Question

What is American Polity and Governance ?

Answered: 1 week ago