CFI-Excel-eBook

The Corporate Finance Institute Excel
Example 2
Let’s see how we can use the AND function to test if a numeric value falls
between two specific numbers. For this, we can use the AND function with two
logical tests.
Suppose we are given the data below:
The formula to use is:
In the above formula, the value is compared to the smaller of the two
numbers, determined by the MIN function. In the second expression, the value
is compared to the larger of the two numbers, determined by the MAX
function. The AND function will return TRUE only when the value is greater
than the smaller number and less than the larger number.
We get the results below:
corporatefinanceinstitute.com
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