The correct answer is: B. Create and edit formulas containing functions.
The formula palette is a tool that allows you to create and edit formulas containing functions. It is located in the toolbar, above the spreadsheet. To use the formula palette, click on the “Insert Function” button and select the function you want to use. The formula palette will then display the syntax for the function, as well as a list of arguments that you can use with the function. You can enter the arguments into the formula palette, or you can click on the “Insert Argument” button to select an argument from the spreadsheet. Once you have entered all of the arguments, click on the “OK” button to insert the formula into the cell.
The other options are incorrect because:
- Option A is incorrect because the formula palette cannot be used to format cells containing numbers. To format cells, you can use the Format Cells dialog box.
- Option C is incorrect because the formula palette cannot be used to enter assumptions data. To enter assumptions data, you can use the Data tab on the ribbon.
- Option D is incorrect because the formula palette cannot be used to copy a range of cells. To copy a range of cells, you can use the Copy and Paste commands.