MS Excel
You can edit a cell by

None of these
Clicking the formula button
Double clicking the cell to edit it in place
Selecting Edit > Edit cell from the menu

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MS Excel
When you want to insert a blank embedded excel object in a word document you can

Click the office links button on the standard toolbar
Click the object command on the insert menu
Click the create worksheet button on the formatting toolbar
Click the import excel command on the file menu

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