About This Shortcut
This shortcut opens the Quick Analysis menu for the current selection, the same menu you get by clicking the Quick Analysis button at the bottom right of a selected range. Select a range that contains data first. The menu has tabs for Formatting, Charts, Totals, Tables, and Sparklines, and Excel previews each option as you hover over it.
Quick Analysis was added in Excel 2013. Excel for Mac does not have Quick Analysis, so there is no Mac equivalent.