Hi,
I am looking for a formula which will attribute a priority status to a score.
The logic is =
- If the score is one of the 20% highest values in range, then status should be "Critical"
- If the score is within the 80-60% range of highest values in range, then status should be "High"
- If the score is within the 60-30% range of highest values in range, then status should be "Medium"
- If the score is one of the 30% lowest values in range, then status should be "Low"
Attached the xlx with an example.
Ideally I would need something that automatically updates the range.
Other alternative is for me to calculate the range and then establish boundaries (e.g. is score > 3.8 then "Critical"). I am not too sure how to calculate the range of a weighted average though.
Criteria one = can score 1-4, weight = 2
Criteria two = can score -1-7, weight = 4
--> How do you find out the range of the weighted average of Criteria one and two (e.g. Score criteria1 * 2 + Score criteria2 * 4)
Thank you ! :D
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