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In this Excel tutorial for beginners, the presenter explains how to hide formulas in a worksheet. To start, select the entire worksheet and navigate to Format > Format Cells, then uncheck the "Locked" option in the Protection tab and click OK. Next, to select all cells with formulas, go to the Home tab, click on Find & Select, and choose Go To Special, selecting "Formulas" and clicking OK. This will highlight all formula cells. Finally, the tutorial guides you through formatting these selected cells again by accessing Format Cells. The outcome is that clicking on these cells will no longer display the formulas, enhancing privacy for sensitive data.