The first picture is the notes my professor gave me, the second is the example he game and that last is the chart that I have to fill out with the information given. I dont even know how to work this equation at all

Target Formula: TN Tc (1-YM) Produces a sign indicating whether hrTe-Rel-10 CTe-Rc 1 the actval rate has achieved the where: M=1+ R. H104target rate. A + value if S target 0-4-1X rat negative value if > target. Note: (Tc- R) Numerator Actual Value DenominatorAbsolute Value (ignores negative values Legend: ?Y -T Targetedinprovement Threshold Y2 15% tweeted-mprovement . Stretch " improvement Discriminator Tc Re Tni Tn2 Current Target Current Actual Rate/Performance New Target Threshold New Target Stretch .If a target's not met for a given period, for de next period. Rules: Re:Ic, M# 0.5 repeat If a target is met or improved upon, apply formula . Rc target. Note: (Tc- R) Numerator Actual Value DenominatorAbsolute Value (ignores negative values Legend: ?Y -T Targetedinprovement Threshold Y2 15% tweeted-mprovement . Stretch " improvement Discriminator Tc Re Tni Tn2 Current Target Current Actual Rate/Performance New Target Threshold New Target Stretch .If a target's not met for a given period, for de next period. Rules: Re:Ic, M# 0.5 repeat If a target is met or improved upon, apply formula . Rc