Labels are used for titles, headings, names and identifying rows or columns of data.
Data are the values (text or numbers) that you enter into the spreadsheet.
Formulas are used to perform calculations on the cell contents, i.e. =A1+A2; =B1*B2; =C1-C2; =D1/D2
Functions are specialized calculations that the spreadsheet software has memorized, such as average and sum.
Average is to find the average of the numbers in a range of cells e.g. from A3 to A10 you would use =AVERAGE(A3:A10)
Sum displays the total of all the cells, e.g. from E3 to P3 inclusive you would use =SUM(E3:P3)
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