MS Excel
You can edit a cell by

Clicking the formula button
Selecting Edit > Edit cell from the menu
Double clicking the cell to edit it in place
None of these

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MS Excel
To create a formula, you first:

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

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