If I were to hire an data analyst, I would simply ask them to write a complex IF formula in Excel. If they can write it, the interview progresses, else, they are out. In other words,
=IF(person_can_write_big_fat_IF_formula=TRUE, proceed_with_interview, say_thanks_and_call_next_person)
If you are able to write IF formulas for any situation, then you are bound to be awesome in Excel.
So, to test how well you know your IFs & Boolean functions, let me give you a small challenge.
Galo, one of our readers emailed this to me.
I would like to ask for your help in creating a tracker sheet for rewards program if they meet the qualifiers in order to avail it.
The conditions will be the following:A.If the attendance is equals to 0% then they will earn Php 1500
If the attendance is less than 3% then they will earn Php 1000 only.B.If the handling time less than 500 seconds reward will be Php 1000 (applicable only phone call request)
If the handling time less than 560 seconds reward will be Php 1000 (applicable only fax request)
Note: They can never have both phone and fax requestC.If there’s a commendation (1 or more) reward will be Php 1000
D.If the quality audit is 98% -100% reward will be Php 1500
If the quality audit is 96% -97.99 % reward will be Php 500Overall if they were able to meet all of the qualifiers they can earn Php 5000.
Download the sample data
Click here to download the sample data. Your objective is to fill column I with appropriate IF formula to calculate the Cash bonus component.
Post your answers
Once you complete the formula, share them with me & others using comments. Go ahead and tell me the answer.
Note: when posting your answers, make sure you add space after any < or > symbols. Or else, they will not show up. So instead of writing A1>10, write A1 > 10 or A1 GT 10. Sorry for the extra hassle.
Learn how to use IF formulas
IF formula is an important for any Excel analyst. Read these articles to learn more about IF formula & related formulas.
- IF formula – what is it and how to use it?
- IF formula – 5 examples
- Introduction to SUMIF & COUNTIF formulas
- Introduction to SUMIFS formula
- Logical & Conditional formulas in Excel
- More IF Formula examples & scenarios
Thanks to Galo for emailing this question.
12 Responses to “29 Excel Formula Tips for all Occasions [and proof that PHD readers truly rock]”
Some great contributions here.
Gotta love the Friday 13th formula 😀
Great tips from you all! Thanks a lot for sharing! bsamson, particularly you helped me on a terribly annoying task. 🙂
(BTW, Chandoo, it's not exactly "Find if a range is normally distributed" what my suggestion does. It checks if two proportions are statistically different. I probably gave you a bad explanation on twitter, but it'd be probably better if you fix it here... 🙂 )
Great compilation Chandoo
For the "Clean your text before you lookup"
=VLOOKUP(CLEAN(TRIM(E20)),F5:G18,2,0)
I would like to share a method to convert a number-stored-as-text before you lookup:
=VLOOKUP(E20+0,F5:G18,2,0)
@Peder, yeah, I loved that formula
@Aires: Sorry, I misunderstood your formula. Corrected the heading now.
@John.. that is a cool tip.
Hey Chandoo,
That p-value formula is really great for a statistics person like me.
What a p-value essentially is, is the probability that the results obtained from a statistical test aren't valid. So for example, if my p value is .05, there's a 5% probability that my results are wrong.
You can play with this if you install the Data Analysis Toolpak (which will perform some statistical tests for you AND provide the P Value.)
Let's say for example I've got two weeks of data (separated into columns) with the number of hours worked per day. I want to find out if the total number of hours I worked in week two were really all the different than week one.
Week1 Week2
10 11
12 9
9 10
7 8
5 8
Go to Data > Data Analysis > T-Test Assuming Unequal Variances > OK
In the Variable 1 Box, select the range of data for week 1.
In the Variable 2 Box, select the range of data for week 2.
Check "Labels"
In the Alpha box, select a value (in percentage terms) for how tolerant you are of error.
.05 is the general standard; that is to say I am willing to accept a 95% level of confidence that my result is accuarate.
Select a range output.
Excel calculates a number of results: Average (mean) for each week's data, etc.
You'll notice however that there are two P Values; one-tail and two-tail. (one tail tests are for > or .05), the number of hours I worked in week two is statistically equivalent to the number of hours I worked in week one.
So here’s a way you might want to use this. You put up a new entry on your blog. You think it’s the best entry ever! So you pull your webstats for this week and compare it to last week. You gather data for each week on the length of time a visitor spends on your website. The question you’re trying to prove statistically is whether there’s an average increase in the amount of time spent on your website this week as compared to last week (as a result of your fancy new blog post). You can run the same statistical test I illustrated above to find out. Incidentally, it matters very little to the stat test whether the quantity of visitors differs or not.
Anyhow, the Data Analysis toolpack doesn't perform a lot of stat tests that folks like me would like to have access to. In those cases I have to either use different software, or write some very complicated mathematical formulas. Having this p-value formula makes my life a LOT easier!
Thanks!
Eric~
Fantastic stuf..One line explanation is cool.
Thanks to all the contributors
OS
Take FirstName, MI, LastName in access (you can fix it to work in excel) capitalize first letter of each and lowercase the rest and add ". " if MI exists then same for last name:
Full Name: Format(Left([FirstName],1),">") & Format(Right([FirstName]),Len([FirstName])-1),"") & ". ","") & Format(Left([LastName],1),">") & Format(Right([LastName],Len([LastName])-1),"<")
I teach excel, access, etc etc for a living and i have my access students build this formula one step at a time from the inside out to show how formulas can be made even if it looks complicated. Yes I know I could just do IsNull([MI]) and reverse the order in the Iif() function but the point here is to nest as many functions as possible one by one (also I illustrate how it will fail without the Not() as it is)
Extract the month from a date
The easiest formula for this is =MONTH(a1)
It will return a 1 for January, 2 for February etc.
if in a column we write the value of total person for eg. 10 if we spent 1.33 paise each person then how we get total amount in next column and the result will in round form plzzzzz solve my problem sir................... thank u
@Anjali
If the value 10 is in B2 and 1.33 paise is in C2 the formula in D2 could be =B2*C2
If the values are a column of values you can copy the formula down by copy/paste or drag the small black handle at the bottom right corner of cell D2
kindly share with me new forumulas.
How to convert a figure like 870.70 into 870 but 871.70 into 880 using excel formula ? Please help.