2Objectives Identify the 3 parts to an IF Statement Know when an IF Statement is usedApply If Statements to Excel exercisesThis is going to be FUN! I should take some notes!
3The IF FunctionExcel uses the IF function to make decisions based on the data stored in the spreadsheet.The IF function makes a decision based on a comparison.
4The Comparison…. What’s That? The Comparison looks at information in the database and compares the information with a condition.If the comparison is true, one answer is displayed in the cell—the true statement; if the comparison is false, a second answer is displayed—the false statement.
5Relational Operators The following are operators which Excel uses to compare data = equal to< less than> greater than<= less than or equal to>= greater than or equal to<> not equal to
7Examples If Statement using values =IF(A1<=25,50,100) If Statement using a value and a formula=IF(B2<D2,0,B2*10%)If Statement using labels=IF(E1>70,“Plenty”,“Reorder”)
8IFIF I get more than $100 for my birthday, I will buy a Ipod, otherwise I’ll just buy CDs. The total for my birthday is in cell A9Comparison A9>100True Statement “Ipod”False Statement “CDs”=IF(A9>100,“Ipod”,“CDs”)
9IFYou are taking some friends and some neighbor children you are babysitting to the movies. Movie prices for children under 13 are $5.50, otherwise the price is $ The ages of people going to the movie start in D7Comparison D7<13True Statement 5.50False Statement 8.00=IF(D7<13,5.50,8.00)
10IFIF the concert tickets are less than or equal to $45 I will go to the Rascal Flatts concert, otherwise I’ll watch it on TV. The concert price is in cell C2Comparison C2<=45True Statement “Concert”False Statement “TV”=IF(C2<=45,“Concert”,“TV”)
11IFIF my current stock price is greater than $15 per share, I’ll sell it, otherwise I’ll keep it. Our current stock price is in cell E3Comparison E3>15True Statement “Sell”False Statement “Keep”=IF(E3>15,“Sell”,“Keep”)
12IFI’m a car dealer. If I sell a car that is more than $20,000 I receive a 6.5% commission, otherwise I receive a 4% commission. The prices of the cars I have sold start in F4.Comparison F4>20000True Statement F4*6.5%False Statement F4*4%=IF(F4>20000,F4*6.5%,F4*4%)
13Let’s Review The IF function makes decisions based on a comparison. The IF function takes this form=IF(comparison,true statement, false statement)Use relational operators in the comparison= < > <= >= <>