On the VLOOKUP_HLOOKUP tab using LOOKUP assignment.xlsx, what value does the HLOOKUP formula return for the GOOD scenario (cell B27)

ANSWER FORMAT = x.xx NOT x%

DO NOT WORRY IF CARMEN ADDS ZEROS AFTER YOUR ANSWER

Question

On the VLOOKUP_HLOOKUP tab using LOOKUP assignment.xlsx, what value does the HLOOKUP formula return for the GOOD scenario (cell B27)

ANSWER FORMAT = x.xx NOT x%

DO NOT WORRY IF CARMEN ADDS ZEROS AFTER YOUR ANSWER

BlackTom AI · Accepted Answer

Question restatement: On the VLOOKUP_HLOOKUP tab using LOOKUP assignment.xlsx, what value does the HLOOKUP formula return for the GOOD scenario (cell B27)? The required answer format is = x.xx (not x%). Do not worry about Carmen adding zeros after your answer.

Context and approach: When evaluating a HLOOKUP (or a VLOOKUP) result, the value returned depends on the lookup table, the lookup value, and the index position specified in the formula. Since no explicit answer options were provided in the prompt, we’ll treat the two candidate numeric results you supplied (0.25 and 25) as possible outcomes you might encounter, and explain what each would mean if that were the value returned by the HLOOKUP in B27.

Analysis of option 1: 0.25
- If the HLOOKUP result is 0.25, this indicates a decimal value. In many worksheets, a value like 0.25 represents 25% when the cell is formatted as a percentage. However, because the prompt asks for a decimal in the format x.xx, 0.25 is already in the correct decimal form (two decimal places). This would be the exact numeric result stored in the cell, regardless of display formatting.
- Why this could be correct: If the GOOD scenario yields a proportion, rate, or probability that equals 1/4, then 0.25 is the exact decimal representation of that quantity. It aligns with standard numeric outputs from lookup functions when the underlying data contains fractions or probabilities.
- Potential caveat: If the cell is explicitly formatted as a percentage (e.g., 25%), some people might mistakenly interpret 0.25 as 25% visually. The instruction to use x.xx suggests you should report the raw decimal, so 0.25 would be the appropriate content value, not 25.

Analysis of option 2: 25
- If the HLOOKUP result is 25, that is a whole-number value. This would be inconsistent with a decimal probability or proportion unless the underlying data source stores an integer count or a value measured in units where 25 is the expected metric.
- Why this could be incorrect: In many business contexts, a GOOD scenario probability or rate is a fraction or percentage, not a raw count of 25, unless B27 is designed to return an absolute count (e.g., number of successes). If the workbook is about rates or probabilities, 25 would typically represent 2500% (if interpreted as a percentage) or just 25 as a count, which might not align with the intended x.xx decimal format.
- Potential caveat: If the source data actually contains the value 25 as the metric of interest (for example, 25 transactions, 25 units, etc.) and the problem explicitly asks for a numeric value without a decimal, then 25 could be correct. But given the instruction to present as x.xx decimal form, 25 would usually indicate a mismatch between the expected data type and the actual value.

Decision considerations (how you would choose in practice):
- Check the underlying data in the lookup table used by HLOOKUP: what is the numeric type of the value being returned? Is it a proportion/probability or a count?
- Review the formatting expectation: the prompt asks for x.xx (two decimals). If the cell is formatted as a decimal, 0.25 is already in the required format, whereas 25 would not match the requested decimal form unless there’s a specific reason to present an integer.
- Inspect cell B27 behavior: does it fetch a measure that is logically a ratio or percentage (leaning toward 0.25) or a raw count (leaning toward 25)?

Summary guidance: With two candidate values, 0.25 corresponds to a decimal proportion (and would typically be presented as 0.25 in decimal form, equivalent to 25% if displayed as a percentage). The value 25 represents a plain integer, which would imply a different kind of metric. Your final choice should match the actual data type produced by the HLOOKUP in the GOOD scenario, and conform to the requested decimal format.

BUSFIN 4201 SP2025 (4533) FORMULAS & FUNCTIONS - QUIZ 2

On the VLOOKUP_HLOOKUP tab using LOOKUP assignment.xlsx, what value does the HLOOKUP formula return for the GOOD scenario (cell B27) ANSWER FORMAT = x.xx NOT x% DO NOT WORRY IF CARMEN ADDS ZEROS AFTER YOUR ANSWER

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