To create a formula, you can use: A. Values but not cell references B. Cell references but not values C. Values or cell references although not both at the same time D. Value and cell references

The correct answer is: D. Value and cell references.

A formula is a set of instructions that tells Excel to perform an action on data. Formulas can use values, cell references, or both.

Values are the actual numbers or text that you want to use in your formula. Cell references are the addresses of cells that contain data.

For example, the following formula adds the values in cells A1 and B1:

=A1+B1

The following formula uses a cell reference to multiply the value in cell A1 by the value in cell B1:

=A1*B1

You can also use a combination of values and cell references in a formula. For example, the following formula adds the value in cell A1 to the value in cell B1, and then multiplies the result by the value in cell C1:

=A1+B1*C1

I hope this helps!