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1. In this example of a nested IF Statement, breakout and explain each part of formula to determine how the commission rates will be calculated: IF(B2>=150, 10%, IF(B2>=101, 7%, IF(B2>=51, 5%, IF(B2>=1, 3%,"")))). 2.Why would you use a Vlookup function as oppose to a Nested If statement? 3.Give a real-life scenario in which you may have used or can implement the Nested If or Vlookup functions in your daily or weekly tasks.

1. In this example of a nested IF Statement, breakout and explain each part of formula to determine how the commission rates will be calculated: IF(B2>=150, 10%, IF(B2>=101, 7%, IF(B2>=51, 5%, IF(B2>=1, 3%,"")))). 2.Why would you use a Vlookup function as oppose to a Nested If statement? 3.Give a real-life scenario in which you may have used or can implement the Nested If or Vlookup functions in your daily or weekly tasks.

Database System Concepts
Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
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1. In this example of a nested IF Statement, breakout and explain each part of formula to determine how the commission rates will be calculated: IF(B2>=150, 10%, IF(B2>=101, 7%, IF(B2>=51, 5%, IF(B2>=1, 3%,"")))).

2.Why would you use a Vlookup function as oppose to a Nested If statement?

3.Give a real-life scenario in which you may have used or can implement the Nested If or Vlookup functions in your daily or weekly tasks.

As an example, let's find out commissions for a number of sellers based on the amount of sales they've made: Commission Sales 3% $1 - $50 5% $51 - $100 7% $101 - $150 10% Over $150
Transcribed Image Text:As an example, let's find out commissions for a number of sellers based on the amount of sales they've made: Commission Sales 3% $1 - $50 5% $51 - $100 7% $101 - $150 10% Over $150
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