University of Central Florida (UCF) QMB3200 Quantitative Business Tools II Midterm Practice Exam

The factorial function in Excel is represented as =FACT(). This function is used to calculate the factorial of a given non-negative integer, which is the product of all positive integers up to that number. For example, =FACT(5) would compute 5! (five factorial), which equals 5 × 4 × 3 × 2 × 1 = 120.

Using =FACT() allows users to easily perform this mathematical operation without needing to manually calculate or create complex formulas. The function provides a straightforward syntax for inserting factorial calculations into Excel spreadsheets, making it a useful tool for both mathematical analysis and statistical applications.

The alternative functions mentioned do not serve the purpose of calculating a factorial. While =FACTORIAL() may sound plausible, it is not the function name used in Excel. Similarly, =MULTIPLY() and =SUM() are designed for different operations, with =MULTIPLY() not existing as a specific Excel function and =SUM() used for addition, thus not applicable to factorial calculations.