excel tip: gotta have style
DESCRIPTION
Welcome to Change Your Life with Excel, the article which burrows into the deepest seams of Excel gold to bring you obscure but valuable nuggets guaranteed to make your life easier. We’re going to look at an under-utilised feature which allows you to apply styles automatically to your worksheets to help make them look professional and more readable. This is especially useful if you repeatedly use multiple formats in cells. We also look at an old favourite of mine, the Analysis ToolPak Add-In. In this instance we will use it to help us to quickly create a frequency distribution and histogram (column chart). If you’re not really sure what a frequency distribution is then read on – you may find it useful. As always, the features covered here are based on Excel 2003 however most can still be found in other versions. For more information, please contact +61 2 9080 4050, [email protected] , or visit: http://bit.ly/iiredTRANSCRIPT
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Finance, Valuation, Risk & Modelling
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Change Your Life with Excel Gotta Have Style
elcome to Change Your Life with Excel, the
article which burrows into the deepest seams of
Excel gold to bring you obscure but valuable nuggets
guaranteed to make your life easier.
We’re going to look at an under-utilised feature which
allows you to apply styles automatically to your
worksheets to help make them look professional and
more readable. This is especially useful if you repeatedly
use multiple formats in cells.
We also look at an old favourite of mine, the Analysis
ToolPak Add-In. In this instance we will use it to help us
to quickly create a frequency distribution and histogram
(column chart). If you’re not really sure what a frequency
distribution is then read on – you may find it useful.
As always, the features covered here are based on Excel
2003 however most can still be found in other versions.
Tip Automating Cell Styles
Creating a Style within Excel allows you to select a range
of cells and automatically apply a set of formats without
having to add all the different formats separately (e.g.
colours, borders, font...).
To demonstrate how easy it is to set up and apply a Style
to cells we’ll look at a simple list of data as shown below;
a list of students and their test scores.
The easiest way to set up a Style is to manually apply the
required formats to a cell or cells using the Format | Cells
option from the Menu Bar. In the example below:
• the column labels have a blue fill and bold, white
text
• the data have light blue fill with narrow white
borders
To save these format sets as Styles:
• Select a formatted cell
• From the Menu Bar select Format | Style
• In the Style dialog box which appears type over
the Style name (called Normal by default) with a
meaningful name e.g. “Blue Column Label”
• Click OK
• Repeat the process for other format sets
W
By Leigh Drake Director Arc Business Processes www.arcbusiness.com.au
E-TIPS
Finance, Valuation, Risk & Modelling
your one-partner solution for building skills and knowledge
To apply these Styles to other worksheets in the same
workbook:
• Highlight the cells to format
• From the Menu Bar select Format | Style
• In the Style dialog box which appears select the
Style name from the Style name drop down list
• Click OK
It’s as simple as that!
But hang on a minute. You’ll notice that when you want to
apply these styles in another workbook they’re not
available. Unfortunately Styles are only saved in the
workbook in which they were created. However we can
quickly copy Styles in from other workbooks.
• Open the source workbook which has the Styles
you want to copy
• From the workbook you want to copy the Styles
into select Format | Style from the Menu Bar
• Click Merge
• Select the source workbook name from the list
which appears
• Click OK twice
All Styles are now copied from the source workbook.
Secret Quickly Create a Frequency Distribution
For those of you not overly familiar with a frequency
distribution it’s a simple data analysis tool which
summarises the number of times values appear within a
list of data.
To achieve this quickly in Excel we can use a feature
called Histogram. To access this feature you will need to
load an Excel Add-In called Analysis ToolPak (an Add-In
is a feature not installed by default in Excel). To do this:
• From the Menu Bar select Tools | Add-Ins
• In the Add-Ins dialog box which appears tick
Analysis ToolPak (if it is already ticked ignore
these steps)
• Click OK
Now let’s look at an example of data that we want to
analyse as a frequency distribution. The table below lists
the test results of students. We want to determine how
many scored in the range 40% or less, 40%-50%, 50%-
60% etc. This is a simple frequency distribution.
• In an empty range of cells, set up a list of the
ranges (known as “bins”). The value should be the
upper end of the range i.e. 40% represents all
values up to and including 40%, 50% represents all
values over 40% up to and including 50% etc
• From the Menu Bar select Tools | Data Analysis
• Select Histogram from the list
• Click OK
E-TIPS
Finance, Valuation, Risk & Modelling
your one-partner solution for building skills and knowledge
• In the Histogram dialog box which appears click
into the Input Range field and then on the
worksheet highlight all “Test Score” cells including
the column label i.e. cells B1:B52
• Click into the Bin Range field and then on the
worksheet highlight all the “Range” cells including
the column label i.e. cells D1:D8
• Tick the Labels box
• In the Output Range field enter a cell reference
which represents the upper left corner of the report
you are about to create, G1 in this example
• Tick Chart Output to also display a histogram
• Click OK
A simple frequency distribution report is created as
below, showing how many students achieved marks
within each range of percentages.
This is accompanied by a histogram (column chart) which
will usually require some simple reformatting. A
reformatted histogram for these results is illustrated
below.
So there we have it for another edition of Change Your
Life with Excel. To recognise the increasing number of
you now using Excel 2007, future editions will include a
tip for this latest version (just in time for the release in
June of an even new version, Excel 2010!)
Until next time, happy Excelling.