MS Excel
To edit in an embedded excel worksheet object in a word document

Edit the data in a excel source application
Use the word menu bar and toolbars
Edit the hyperlink
Use the excel menu bar and toolbars inside the word application

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MS Excel
You can select a single range of cells by

Dragging over the desired cells
Clicking the upper-left cell in a group of cells and then pressing the Shift key while clicking the lower right cell in a group of cells
Pressing the Shift key and an arrow key
Pressing the Ctrl key while dragging over the desired cells

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