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In this tutorial, Joe from Excel Formulas demonstrates how to enter a formula in an Excel sheet. To begin, select a cell, type the equal sign, followed by the desired formula, and press Enter. The outcome will display in the cell, while the formula remains visible in the formula bar, where it can be edited. Excel supports essential mathematical operators: addition, subtraction, multiplication, and division. Users can incorporate cell references into formulas by directly pointing to them during editing. Any changes made to referenced cells will automatically update all dependent formulas. For further Excel training, viewers are encouraged to provide their first name and email for additional resources.