EXERCISE 8: USING "LOOKUP" AND "COUNTIF" FUNCTIONS TO RANK EMPLOYEE PERFORMANCE Managers often like to rank employees performance. One scheme called "20-70-10," or more disparagingly as "Rank and Yank," categorizes the top 20 percent of employees as "Best," the middle 70 percent of employees "Near Best," and the bottom 10 percent as "Below Best." Go to the "Excel Student Spreadsheets BUS 2000" and click on the tab/worksheet labeled "Lookup". There you will find the performance ratings-on a ten-point scale-for 20 employees. Each employee has 3 performance ratings. ● ● Then, in the 6th Column, or Column F, use the LOOKUP function below to classify the employees. o=LOOKUP(E2,(0,4,9,10},{"Below Best", "Near Best", "Best"}) The Lookup formula is structured as follows: . E2 is the Cell containing the data for which the calculation should be made. 0 to 4 is the classification of "Below Best". 4 to 9 is the classification of "Near Best". 9 to 10 is the classification of "Best". The words "Below Best", "Near Best", and "Best" are placed for each of the three classifications according to an employee's average rating. Using the results, do the following: 1. List the names of the "Best" employees 2. List the names of the "Near Best" employees 3. List the names of the "Below Best" employees ● ● In the 5th Column, or Column E, calculate the average performance rating for each employee to one decimal place. ● ● Next, redefine the Lookup function to classify employees as "Above Average" and "Below Average" based on whether they scored above or below an average of 5 in their three performance scores. Place the results in the 7th Column, or Column G. Next, we're going to count how many employees were categorized as either "Above Average" or "Below Average". Place the following results in cells B23 and 824. 4. How many people scored "Above Average?" 5. How many people scored "Below Average?"

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Chapter6: Managing Multiple Worksheets And Workbooks
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EXERCISE 8: USING "LOOKUP" AND "COUNTIF" FUNCTIONS TO RANK
EMPLOYEE PERFORMANCE
Managers often like to rank employees performance. One scheme called "20-70-10," or more disparagingly as
"Rank and Yank," categorizes the top 20 percent of employees as "Best," the middle 70 percent of employees
"Near Best," and the bottom 10 percent as "Below Best."
Go to the "Excel Student Spreadsheets BUS 2000" and click on the tab/worksheet labeled "Lookup". There
you will find the performance ratings-on a ten-point scale-for 20 employees. Each employee has 3
performance ratings.
●
.
The Lookup formula is structured as follows:
E2 is the Cell containing the data for which the calculation should be made.
0 to 4 is the classification of "Below Best".
4 to 9 is the classification of "Near Best".
9 to 10 is the classification of "Best".
The words "Below Best", "Near Best", and "Best" are placed for each of the three classifications
according to an employee's average rating.
Using the results, do the following:
1. List the names of the "Best" employees
2. List the names of the "Near Best" employees
3. List the names of the "Below Best" employees
●
In the 5th Column, or Column E, calculate the average performance rating for each employee to one
decimal place.
●
Then, in the 6th Column, or Column F, use the LOOKUP function below to classify the employees.
=LOOKUP(E2,{0,4,9,10},{"Below Best", "Near Best", "Best"})
Next, redefine the Lookup function to classify employees as "Above Average" and "Below Average" based on
whether they scored above or below an average of 5 in their three performance scores. Place the results in
the 7th Column, or Column G.
Next, we're going to count how many employees were categorized as either "Above Average" or "Below
Average". Place the following results in cells B23 and 824.
4. How many people scored "Above Average?"
5. How many people scored "Below Average?"
Transcribed Image Text:EXERCISE 8: USING "LOOKUP" AND "COUNTIF" FUNCTIONS TO RANK EMPLOYEE PERFORMANCE Managers often like to rank employees performance. One scheme called "20-70-10," or more disparagingly as "Rank and Yank," categorizes the top 20 percent of employees as "Best," the middle 70 percent of employees "Near Best," and the bottom 10 percent as "Below Best." Go to the "Excel Student Spreadsheets BUS 2000" and click on the tab/worksheet labeled "Lookup". There you will find the performance ratings-on a ten-point scale-for 20 employees. Each employee has 3 performance ratings. ● . The Lookup formula is structured as follows: E2 is the Cell containing the data for which the calculation should be made. 0 to 4 is the classification of "Below Best". 4 to 9 is the classification of "Near Best". 9 to 10 is the classification of "Best". The words "Below Best", "Near Best", and "Best" are placed for each of the three classifications according to an employee's average rating. Using the results, do the following: 1. List the names of the "Best" employees 2. List the names of the "Near Best" employees 3. List the names of the "Below Best" employees ● In the 5th Column, or Column E, calculate the average performance rating for each employee to one decimal place. ● Then, in the 6th Column, or Column F, use the LOOKUP function below to classify the employees. =LOOKUP(E2,{0,4,9,10},{"Below Best", "Near Best", "Best"}) Next, redefine the Lookup function to classify employees as "Above Average" and "Below Average" based on whether they scored above or below an average of 5 in their three performance scores. Place the results in the 7th Column, or Column G. Next, we're going to count how many employees were categorized as either "Above Average" or "Below Average". Place the following results in cells B23 and 824. 4. How many people scored "Above Average?" 5. How many people scored "Below Average?"
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Transcribed Image Text:File 5. 2 Unde E2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Home Insert Draw Page Layout Formulas X A A La SP Clipboard F A B C D 1 Employee Name 1st review 2nd Review 3rd Review 2 Joe D. 6 Mikey D. 7 Joan J. 9 Ida E. 3 Gail S. Ron A. Alex R. Charles M. Kate M. Debra H. John H. John L. Paul M. 28 29 30 Paste Gloria T. Barry R. George W. George H. Carol K. Ann H. Nadia C. 20 21 22 23 Above Average 24 Below Average 25 26 27 Ready Calibri BIU-A- 5 9 10 2 10 7 6 7 10 3 5 9 10 4 9 5 Font 7 6 9 4 6 10 7 4 10 5 8 5 9 4 11 6 10 7 5 10 5 8 7 10 5 7 7 5 3 9 9 8 7 9 3 7 10 5 4 7 9 Data & Review View Help ===. Alignment Wrap Text Merge & Center w G Average Classification 1 Classification 2 ly H General $%95028 Namber I p=r-e Pivot Table Data Income Statement Lookup Breakeven Analysis Line Chart Bar Chart Accessibility: Good to go (+) K Cell Conditional Format as Formatting Table Styles Styles L M N O — IIX H Insert Delete Format 2 P V Cells Q R Σ Autosum το Clear S 280 Sort & Find & Filter Select Editing T 3 E U H Analyze Data Analysis V W X
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