1. Make a formula that uses an IF function and structured references to assign a

Question

1. Make a formula that uses an IF function and structured references to assign a priority value to each customer. (Tip: You will need to use an AND function in this formula.)

a.The If function should check if a customer has a Tenure field value greater than or equal to 5 years AND 2016 sales field value greater than or equal to 150000.

b.If the customer meets both those criteria, the function should return the value High.

c.If the customer does not meet both those criteria, the function should return the value Low.

2. Make a formula that uses a nested IF function and structured references to calculate the discount percentage:

a.If the value in Discount Y/N column is equal to N, the Discount column value should be 0.

b.If the value in the Discount Y/N column is equal to Y, the formula should check if the value in the Tenure (Yrs) column is less than 5.

c.If the value in Tenure (Yrs) column is less than 5, the Discount column value should be 0.07

d.Otherwise, the value of Discount column should be 0.1.

(Note: The Discount column is formatted with the Percentage Number format, so the values returned by the nested IF function will appear as 0%, 7%, or 10%.)

Explanation / Answer

1. Formula using If function and structured reference to assign priority value to a customer:

        1.In excel sheet, Take 3 Column headings as Tenure, 2016 Sales, Priority value.

        2. Fill the data in Column 1&2.

        3. select any cell in the data of 2 columns and hit ctrl+T to get a table

       4. Immediately In design Tab, You'll see the table name as Table2 [you can alter the table name]

       5. Now, in Priority value column, write the formula as =IF((AND([Tenure]>=5, [2016 sales]>=150000)), "High", "Low")

       6. Simply copy, paste the above formula and hit enter. If you see the formula as it is, instead of result,

        then press function F2 and hit enter. You will see the result.

2. Formula to calculate Discounted percentage:

        1. 1.In excel sheet, Take 3 Column headings as Discount Y/N, Tenure & Discount

        2. Fill the data in Column 1&2.

        3. select any cell in the data of 2 columns and hit ctrl+T to get a table

       4. Immediately In design Tab, You'll see the table name as Table3 [you can alter the table name]

       5. Now, In discount column, write the formula as =IF([Discount Y/N]="N","0",IF(AND([Discount Y/N]="Y",[Tenure]<5),"0.07","0.10"))

      6. Simply copy, paste the above formula and hit enter. If you see the formula as it is, instead of result,

        then press function F2 and hit enter.

      7. Ensure that Discount column is in number format. Then press ctrl+shift+% to change numbet to percentage

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.