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Basic question about what formulas look at.

Does Excel look at every cell in the range while performing calculations? I
have the following array formula and am wondering if it will slow things down
if I change the 12000s to 65536s. By changing the number I would not have to
worry about missing any data but then again if it is going to burn my cpu up
I will leave it as is.

=AVERAGE(IF((SCMatrix!$C2:$C12000="NOW")*(SCMatrix !$Y2:$Y120000),SCMatrix!$Y2:$Y12000))

Thanks!

Randy

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