Final answer:
OneDrive, a cloud storage service, is correct in allowing Office 365 subscribers to access and create documents online, including Excel. It syncs file changes between the device and cloud, but it is not a local storage location on a computer.
Step-by-step explanation:
The student's question is concerning the features of Microsoft's OneDrive, which is a cloud storage service. The correct descriptions of OneDrive based on the provided statements are:
OneDrive is available to subscribers of Office 365.
The OneDrive browser allows access to Excel online.
New documents can be created and uploaded on OneDrive.
OneDrive ensures that changes in files are updated in the computer and the cloud.
Statement 3 is incorrect as OneDrive is not a storage location on your personal computer; rather, it is an internet-based storage service. However, it does synchronize files between the cloud and the local device, ensuring updates are reflected both on your personal device and in the cloud storage.