IF functions spread sheet

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AEEC350Lab2-IFFunctions_Spring2024.xlsx

Short Answer

1. What is an additional IF function that is equivalent to IF(X>300,44,23)?
2. Suppose we want to assign a price based on a customers location: price = $30 if the customer's location is not "Texas" and price = $45 if the customer's location is Texas. Suppose the customer's location is provided in cell C1. Write two IF functions that would return the correct price.
3. Are the IF functions IF(A1>=5,5,25) and IF(A1<5,25,5) equivalent? Why or why not?

Projected 2018 PLC Rates

PROJECTED 2018 PRICE LOSS (PLC) COVERAGE PAYMENT RATES
(A) Commodity (B) Marketing Year (C) Unit (D) Statutory Reference Price (E) Projected 2018/2019 MYA Price (F) 2018 National Loan Rate (G) Projected 2018 Effective Price (H) Projected 2018 PLC Payment Rate (I) Maximum PLC Payment Rate
Wheat Jun. 1 - May 31 Bushel $5.50 $5.20 $2.94 $2.56
Barley Jun. 1 - May 31 Bushel $4.95 $4.60 $1.95 $3.00
Oats Jun. 1 - May 31 Bushel $2.40 $2.65 $1.39 $1.01
Peanuts Aug. 1 - Jul. 31 Bushel $0.2675 $0.2110 $0.1775 $0.0900
Corn Sep. 1 - Aug. 31 Bushel $3.70 $3.60 $1.95 $1.75
Grain Sorghum Sep. 1 - Aug. 31 Bushel $3.95 $3.20 $1.95 $2.00
Soybeans Sep. 1 - Aug. 31 Bushel $8.40 $8.50 $5.00 $3.40
Dry Peas Jul. 1 - Jun. 30 Pound $0.1100 $0.1050 $0.0540 $0.0560
Lentils Jul. 1 - Jun. 30 Pound $0.1997 $0.1900 $0.1128 $0.0869
Canola Jul. 1 - Jun. 30 Pound $0.2015 $0.1600 $0.1009 $0.1006
Large Chickpeas Sep. 1 - Aug. 31 Pound $0.2154 $0.2100 $0.1128 $0.1026
Small Chickpeas Sep. 1 - Aug. 31 Pound $0.1904 $0.2150 $0.0743 $0.1161
Sunflower Seed Sep. 1 - Aug. 31 Pound $0.2015 $0.1725 $0.1009 $0.1006
Flaxseed Jul. 1 - Jun. 30 Bushel $11.2840 $9.8500 $5.6500 $5.6340
Mustard Seed Sep. 1 - Aug. 31 Pound $0.2015 $0.2860 $0.1009 $0.1006
Rapeseed Jul. 1 - Jun. 30 Pound $0.2015 $0.1850 $0.1009 $0.1006
Safflower Sep. 1 - Aug. 31 Pound $0.2015 $0.2030 $0.1009 $0.1006
Crambe Sep. 1 - Aug. 31 Pound $0.2015 $0.2220 $0.1009 $0.1006
Sesame Seed Sep. 1 - Aug. 31 Pound $0.2015 $0.3500 $0.1009 $0.1006
Seed Cotton Aug. 1 - Jul. 31 Pound $0.3670 $0.3432 $0.2500 $0.1170
Rice (long grain) Aug. 1 - Jul. 31 Pound $0.1400 $0.1070 $0.0650 $0.0750
Rice (med/short grain) Aug. 1 - Jul. 31 Pound $0.1400 $0.1220 $0.0650 $0.0750
Rice (temperate japonica) Oct. 1 - Sep. 30 Pound $0.1610 $0.1780 $0.0650 $0.0960

Crop Revenues

Table 1. Projected Prices
Alfalfa Corn Cotton, Upland Cotton, Cottonseed Hay (Excluding Alfalfa) Pecans Peanuts Peppers, Chile Sorghum Wheat
Unit tons/acre bu/acre lbs/acre tons/acre tons/acre lbs/acre lbs/acre cwt/acre bu/acre bu/acre
Price/Unit $250.00 $4.45 $0.717 $230.00 $170.00 $1.90 $0.30 $37.80 $6.65 $4.75
Table 2. Projected Revenues
Commodity Acres Yield Revenues
Alfalfa Corn Cotton, Upland Cotton, Cottonseed Hay (Excluding Alfalfa) Pecans Peanuts Peppers, Chile Sorghum Wheat
1
2
3
4
5
6
7
8
9
10
11
AVERAGE REVENUE

Net Farm Income

2017 Agricultural Census: Net Cash Farm Income of Operations, Arizona State Summary NCFI Statistics
State County NCFI State:
Arizona Apache -$25,396,000 Statistic
Arizona Coconino -$4,378,000 Total
Arizona Gila -$748,000 County-Average
Arizona Mohave $5,908,000 Minimum
Arizona Navajo -$18,088,000 Maximum
Arizona Yavapai -$7,933,000
Arizona Cochise $12,701,000
Arizona Graham $8,137,000
Arizona Greenlee $1,736,000
Arizona Lapaz $11,345,000
Arizona Maricopa $113,299,000
Arizona Pima $8,661,000
Arizona Pinal $97,827,000
Arizona Santa Cruz $62,000
Arizona Yuma $144,825,000
2017 Agricultural Census: Net Cash Farm Income of Operations, New Mexico
State County NCFI
New Mexico Colfax $12,332,000
New Mexico Curry $60,761,000
New Mexico De Baca (D)
New Mexico Guadalupe $622,000
New Mexico Harding -$173,000
New Mexico Mora $6,479,000
New Mexico Quay $8,001,000
New Mexico Roosevelt $50,500,000
New Mexico San Miguel -$2,288,000
New Mexico Torrance $4,593,000
New Mexico Union $12,953,000
New Mexico Bernalillo -$4,776,000
New Mexico Cibola (D)
New Mexico Los Alamos (D)
New Mexico Mckinley -$11,722,000
New Mexico Rio Arriba $298,000
New Mexico San Juan -$2,566,000
New Mexico Sandoval -$517,000
New Mexico Santa Fe -$3,484,000
New Mexico Taos -$1,822,000
New Mexico Valencia -$4,782,000
New Mexico Chaves $55,666,000
New Mexico Dona Ana $81,075,000
New Mexico Eddy $20,699,000
New Mexico Lea $23,424,000
New Mexico Lincoln $284,000
New Mexico Otero $1,808,000
New Mexico Catron $1,044,000
New Mexico Grant $3,318,000
New Mexico Hidalgo $7,451,000
New Mexico Luna $11,900,000
New Mexico Sierra $645,000
New Mexico Socorro $7,282,000

Points

Worksheet Component Points Possible Points Earned
Short Answer Question 1
logical_test 1.250 0.000
value_if_true 1.250 0.000
value_if_false 1.250 0.000
Question 2
logical_test 1 1.250 0.000
value_if_true 1 1.250 0.000
value_if_false 1 1.250 0.000
logical_test 2 1.250 0.000
value_if_true 2 1.250 0.000
value_if_false 2 1.250 0.000
Question 3 2.250 0.000
Projected 2018 PLC Rates Projected 2018 Effective Price
logical_test 1.250 0.000
value_if_true 1.250 0.000
value_if_false 1.250 0.000
Projected 2018 PLC Payment Rate
logical_test 1.250 0.000
value_if_true 1.250 0.000
value_if_false 1.250 0.000
Crop Revenues C10:C11 Drop-down lists 2.250 0.000
Cell F10:
logical_test 1.250 0.000
value_if_true 1.250 0.000
value_if_false 1.250 0.000
Referencing 1.250 0.000
F10 replicated throughout 2.250 0.000
Average revenue calculation 2.250 0.000
Net Farm Income G4 Drop-down list 2.250 0.000
Total
logical_test 1.250 0.000
value_if_true 1.250 0.000
value_if_false 1.250 0.000
County-Average
logical_test 1.250 0.000
value_if_true 1.250 0.000
value_if_false 1.250 0.000
Minimum
logical_test 1.250 0.000
value_if_true 1.250 0.000
value_if_false 1.250 0.000
Maximum
logical_test 1.250 0.000
value_if_true 1.250 0.000
value_if_false 1.250 0.000
TOTAL TOTAL 50.000 0.000