1. Make a formula that uses an IF function and structured references to assign a priority value to each customer. (Tip: You will need to use an AND function in this formula.)

a.The If function should check if a customer has a Tenure field value greater than or equal to 5 years AND 2016 sales field value greater than or equal to 150000.

b.If the customer meets both those criteria, the function should return the value High.

c.If the customer does not meet both those criteria, the function should return the value Low.

2. Make a formula that uses a nested IF function and structured references to calculate the discount percentage:

a.If the value in Discount Y/N column is equal to N, the Discount column value should be 0.

b.If the value in the Discount Y/N column is equal to Y, the formula should check if the value in the Tenure (Yrs) column is less than 5.

c.If the value in Tenure (Yrs) column is less than 5, the Discount column value should be 0.07

d.Otherwise, the value of Discount column should be 0.1.

(Note: The Discount column is formatted with the Percentage Number format, so the values returned by the nested IF function will appear as 0%, 7%, or 10%.)