Final answer:
The statement is false as modern spreadsheet applications, such as Microsoft Excel, allow up to 64 conditional formatting rules to be applied to a single range.
Step-by-step explanation:
The statement that you can add only a maximum of five conditional formats to a range is false. In most modern spreadsheet applications like Microsoft Excel, there is a much higher limit to the number of conditional formatting rules you can apply to a range of cells. For example, in Excel, you can apply up to 64 individual rules to a single cell or range. To add a conditional format, you typically select the range you want to format, then choose 'Conditional Formatting' from the menu, and proceed to set your desired rules and formats based on specific criteria like values, text, dates, or even formulas. You can add multiple rules to highlight cells that meet different conditions which can help in analyzing data more efficiently.