compare between formula and function
Answers
Answer:
The difference is that a function is a built-in calculation, while a formula is a user-defined calculationA formula could just use a single function. For example, if you enter =AVERAGE(A1:A56) , that is a formula, using the AVERAGE function
Answer:
a formula is any calculation in Excel, but a function is a pre-defined calculation. =MAX(A1:B20) is a formula containing a function. Mastering the use of functions in formulas is a key skill in learning financial modelling.
A formula starts with an = sign, such as =(D1+D2)/A$3 . ... The difference is that a function is a built-in calculation, while a formula is a user-defined calculation. A formula could just use a single function. For example, if you enter =AVERAGE(A1:A56) , that is a formula, using the AVERAGE function.