Question: Insert Table Chart Text Shape Media Comment It would be tedious and inefficient to manually adjust all 6 0 0 of the movies for inflation
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It would be tedious and inefficient to manually adjust all of the movies for inflation this way. Instead, you can use the YLoOKUP function, which helps match data from one data set to another. In the current case we want to look up a release year and find the corresponding CPI value from a different table. We used this function in the week lab about sampling distributions. Here is a reminder about how the VLoOK fup function works. It takes four arguments in the following order, separated by commas:
I. Cell reference for the value you want to look up For each movie in our data set, this will be the corresponding cell in column which represents release year.
II Range of data values you wish to search. In this case it will be the table of numbers with the years and their corresponding CPI, located in columns and When you choose this range be sure to make the cell references absolute using dollar signs $ in the formula.
III. Column in your search range with the number you want to find and report back once Excel finds a matching year. In this case it would be because CPI is in the second column of the table you are searching.
IV Always type FALSE for the fourth argument so that you get an exact match.
VLOOKUPyear to look up range to search, column of range to report back, FALSE
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