Locked lesson.

## About this lesson

Learn to build standalone logical IF functions, and make them more complex by nesting AND and OR within them.

## Lesson versions

Multiple versions of this lesson are available, choose the appropriate version for you:

## Exercise files

Download the ‘before’ and ‘after’ Excel workbooks from the video tutorial and try the lesson yourself.

Logic Functions.xlsx9.5 KB Logic Functions - Completed.xlsx

10.3 KB Logic Functions - Extra Practice.xlsx

17.1 KB

## Quick reference

### Topic

Building standalone logical IF functions, and making them more complex by nesting AND and OR within them.

### When to use

Constructing models that allow you to dynamically react to changes in inputs, returning different results based on the inputs.

### Instructions

#### The IF Function

- Syntax: =IF([Scenario to test],[What to do if TRUE],[What to do if FALSE])
- =IF(A1>10000,”We’re rich!”,”We need money”) returns “We’re rich” if A1 is greater than 10000, and “We need money” if A1 is less than or equal to 10000.

Key points to remember: The “Scenario to test” must always be something that evaluates to TRUE or FALSE.

#### AND vs OR

- =AND(A5=5, B5=6) will return TRUE if A5=5 AND B5=6. (Both conditions must be met.)
- =OR(A5=5, B5=6) will return TRUE if either A5=5 OR B5=6. (Either condition can be met.)

Key points to remember: An AND or an OR function can be nested inside an IF function’s “Scenario to test”, allowing it to dynamically react to changes in our data setup.

#### NESTING

- =IF(OR(A1>10000,B1<100000),”We’re rich!”,”We need money”)
- Will return “We’re rich” if A1 is greater than 10,000, OR if B1 is less than 100000
- If neither of the above are true, it will return “We need money”

*Note: In addition to the ones covered here, there are many other logic functions available in Excel.*

Lesson notes are only available for subscribers.