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Excel | Advanced lookup functions exercise | Excel 2007 choosing type of celebrity - look up
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Different types of celebrity have different earning powers (politicians command less fees than footballers, for instance) - we want to build this fact into our model. As a first step, open the workbook in the folder shown above.
Create a new worksheet listing the different possible types of celebrity and the fee multiplier for each - here is a suggestion:
You can add your own celebrity types if you like ...
Add a new input cell to the Inputs sheet, allowing you to choose a type for your celebrity:
Use data validation to limit the choices to those in the first column of your factors spreadsheet
Amend your revenue calculations to include a celebrity factor:
You need to put a VLOOKUP formula in the cell shown selected
Check that your formula works for different celebrity types, then save and close the workbook.