In Business Series © Prentice Hall Microsoft Office Excel 2007 In Business Core Chapter 4 Evaluating Data
In Business Series © Prentice Hall Chapter Introduction Why Do I Need This What’s Wrong with This Spreadsheet Review & Challenge Questions Skills Exam Excel Skill Sets Logical Functions (IF) Logical Functions (AND OR) Lookup Functions Common Mistakes Quick References Video Workshops
In Business Series © Prentice Hall Logical Functions IF IF Functions Nested IF Functions
In Business Series © Prentice Hall Logical Functions Used to evaluate data and provide output Output is defined based on logical test Results will be either true or false Uses three arguments: logical_test [value_if_true] [value_if_false]
In Business Series © Prentice Hall IF Function Comparison operators = Equal to > Greater than < Less than <> Not equal to >= Greater than or equal to <= Less than or equal to
In Business Series © Prentice Hall IF Function (cont.) Alternate method shown IF function now calculates the order quantity needed to maintain 10,000 pound target Results shown are sorted in descending order
In Business Series © Prentice Hall Nested IF Functions Used when the function should display one of many possible outputs One of four outputs are needed: < 5000 display “Prod Risk” > 5000 and < display “Low” > display “Spoil Risk” Between and display “OK”
In Business Series © Prentice Hall IF Functions Summary Video Workshops IF Functions Nested IF Functions Price Management Inventory Analysis
In Business Series © Prentice Hall Logical Functions AND OR Also used to evaluate data based on logical tests Can be used independently Often used in the logical test argument of an IF Function
In Business Series © Prentice Hall AND Function Evaluates data using the same logical test shown in the IF section. You can enter up to 30 logical tests! If ALL logical tests are true, the word TRUE will display. If ANY of the logical tests are false, the word FALSE will display.
In Business Series © Prentice Hall AND Function (cont.) TRUE is displayed in column F that meets ALL three logical tests FALSE is displayed if the results are false for ANY of the three logical tests Because of sorting, all TRUE outputs are grouped at the top of the worksheet
In Business Series © Prentice Hall OR Function Major difference from AND Function: If any logical test is true, word TRUE will be displayed Is used where the existence of just one criterion is required to trigger a decision
In Business Series © Prentice Hall Combining AND, OR, and IF Functions When combined with IF, output can be controlled (i.e., not TRUE or FALSE). The example assumes that a customer could receive one of two discount coupons. 50% off for year or longer customers who has not made a purchase in the last 12 months. 10% off for all others.
In Business Series © Prentice Hall Combining (cont.) Combining the IF and OR Functions The example assumes that a customer could receive one of two discount coupons. 25% discount for customers who have either been making purchases for more than 2 years or have spent more than $1,000 in the past year. 10% off for all others.
In Business Series © Prentice Hall Basic Functions Summary Video Workshops AND Function OR Function Combining AND, OR, and IF Functions Managing Product Shipments Company Analysis
In Business Series © Prentice Hall Lookup Functions Used for assembling data in a worksheet Data normally comes from several sources or pick specific points from larger datasets Two lookup functions will help you assemble data VLookup HLookup
In Business Series © Prentice Hall VLookup Function Used mostly to display data from one worksheet or workbook into another
In Business Series © Prentice Hall VLookup Function (cont.) Four arguments lookup_value table_array col_index_num [range_lookup]
In Business Series © Prentice Hall HLookup Function Used when data is organized across a row instead of down a column HLookup identical to VLookup except that it looks horizontally and not vertically for a match
In Business Series © Prentice Hall HLookup Function (cont.) The four arguments are identical to those in the VLookup function. lookup_value table_array row_index_num [range_lookup]
In Business Series © Prentice Hall Lookup Functions Summary Video Workshops VLookup Function HLookup Function Personal Investment Strategies Group Project
In Business Series © Prentice Hall Chapter Summary Excel in Practice Anecdote Review Questions Skills Exam Challenge Questions