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In this Excel tutorial for beginners, the presenter explains how to hide formulas in a worksheet. To begin, the entire worksheet is selected, and the "Format Cells" option is accessed to uncheck the "Locked" option under the Protection tab. Next, the user is guided to select all cells containing formulas by clicking on "Find and Select," then "Go To Special," followed by selecting "Formulas." After selecting, the formatting process is revisited to protect these specific cells. This method ensures that clicking on these cells will not reveal the underlying formulas, enhancing privacy in the worksheet.