There may be another way but I know this way works:
- Enter an N in a cell, and a Y in another cell
- Create a named range with your formula, but reference cells instead of listing the "N" and "Y" as constants.
- Reference this named range in your validation. for example: =MyRangeName
A drop down list needs to contain more than one value. Your formula results in either N (if C4 is blank) or Y (if C4 is not blank). Why not just have the formula in the cell?
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