It allows you to make charts or graphs. You will find it in the Charts section of the Insert Ribbon in Excel 2007.
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There are many charting options in Excel. When you choose your chart, select a 3D chart.
A column chart.
Excel does not have a specific chart area. You might be referring to the area within a chart where you can change the legend and other information. You will find chart tools on the Insert tab of the Excel 2007 ribbon.
A column chart.
An embedded chart.