This document provides an overview of Excel formulas and functions including MAX, MIN, AVG, IF, and nested IF functions. It includes examples and step-by-step instructions for using these functions to calculate statistics and conditional values. Hands-on exercises guide the user through entering formulas to find averages, maximums, minimums, assign letter grades, and conditionally sum values. The document also introduces more advanced statistical functions and the Analysis ToolPak add-in.