Which statement best describes the purpose of the Insert Function dialog box?

It is used to search for specific functions using keywords and descriptions.

It is used to insert a specific function by selecting it from the Insert Function list.

It is used to display information related to the arguments that are used in a function.

It is used to put all types of Excel functions in alphabetical order.

It is used to insert a specific function by selecting it from the Insert Function list.

Explanation:

The insert function list various functions, and we can insert a specific function through a selection of one of the options from the insert function list. And it is certainly not used to display the information according to arguments used in the function, and which is quite clear. Also, it is used to put each type of excel functions in a certain order. And it is also not used to search for any specific functions through any keyword and description. Hence, the correct option is the second option.