Calculating an Average point value based on selected cost

R3MCC

New Member
Joined
Feb 28, 2018
Messages
2
Hi,
If I have a table shown below. I want to calculate the numeric rank of the item selected. For the examples below, I would expect row 1 to return something over a ranking of 3 as the selected value ended up higher than the largest option given. Where as line two's selection was in the middle of 2 and 3 so I would expect 2.5. Line 3 would be close to maybe 2.4 and then line 4 would be 2. Any thoughts on a formula or equation to use to do this?
Option 1 Option 2Option 3Selected itemScale
11,050 35,350 49,950 55,164 3.5
8,000 12,000 20,000 16,000 2.5
35,000 50,000 75,000 60,000 2.4
22,200 34,680 66,000 34,680 2.0

<tbody>
</tbody><colgroup><col span="3"><col><col></colgroup>
 

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maybe there is a better way but this seems to work the way you described...

Code:
=IF(D2>=C2,2+D2/C2,IF(D2>=B2,2+(D2-B2)/(C2-B2),IF(D2>=A2,1+(D2-A2)/(B2-A2),D2/A2)))

that is the formula for the scale assuming the table starts in A1

Result:

Option 1Option 2Option 3Selected itemScale
11,05035,35049,95055,1643.104384384
8,00012,00020,00016,0002.5
35,00050,00075,00060,0002.4
22,20034,68066,00034,6802

<colgroup><col span="4"><col></colgroup><tbody>
</tbody>
 
Last edited:
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