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Functions and Excel Formulas
Ok - if your question is "What is Excel" - then the answer is that it is a spreadsheet program that allows you the ability to compute data (usually numbers) for example, pulling together a list of hours worked by employees and adding them up automatically. It also can be used to develop sophisticated computational models and I have used it to develop professional services proposal sizing tools using formulas and functions ... which is a good segwey into my other answer.
If your question is "what is a function or formula in Excel" - then the answer is a function or formula in Excel is a collection of mathematical, text, statistical, etc. preprogrammed tools that allows you to manipulate the data you have in your spreadsheet e.g. a SUM() function that adds a series of numbers, and AVERAGE() funtion that computes the average of a series of numbers, etc.
Hope that helps!
Rgds
David
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