MS Excel
When you insert an excel file into a word document. The data are

Hyperlinked placed in a word table
Use the word menu bar and toolbars
Linked
Embedded

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MS Excel
To create a formula, you first:

Type the equals sign (=) to tell Excel that you’re about to enter a formula
Choose the new command from the file menu
Enter the formula using any input values and the appropriate mathematical operators that make up your formula
Select the cell you want to place the formula into

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