In the newer versions of Excel, the Status Bar (bottom right portion of screen which shows the SUM and AVERAGE if you highlight a group of number cells) can be customised to include a number of useful calculations. In Excel 2003, you had to choose either SUM or AVERAGE or COUNT etc. Only one at a time.
Now in Excel 2007 and Excel 2010, you can include all these items to see them at the same time. So when you highlight a group of number cells you can see:
This means that you can quickly get a sense of a group of cells without building formula (or pulling out your calculator!)
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