Managers often like to rank employees' performance. One scheme called 20-70-10, or more disparagingly as Rank and Yank, categorizes the top 20 percent of employees as Best, the middle 70 percent of employees Near Best, and the bottom 10 percent as Below Best. Go to the Excel Student Spreadsheets BUS 1011 and click on the tab/worksheet labeled Lookup. There you will find the performance ratingson a ten-point scalefor 20 employees. Each employee has 3 performance ratings. In the 5th Column, or Column E, calculate the average performance rating for each employee to one decimal place. Then, in the 6th Column, or Column F, use the LOOKUP function below to classify the employees. o =LOOKUP(E2,{0,4,9,10},{"Below Best", "Near Best", "Best"}) The Lookup formula is structured as follows: E2 is the Cell containing the data for which the calculation should be made. 0 to 4 is the classification of "Below Best". 4 to 9 is the classification of "Near Best". 9 to 10 is the classification of "Best". The words "Below Best", "Near Best", and "Best" are placed for each of the three classifications according to an employees average rating. Using the results, do the following: 1.

List the names of the Best employees

2. List the names of the Near Best employees

3. List the names of the Below Best employees Next, redefine the Lookup function to classify employees as Above Average and Below Average based on whether they scored above or below an average of 5 in their three performance scores. Place the results in the 7th Column, or Column G. Next, were going to count how many employees were categorized as either Above Average or Below Average. Place the following results in cells B23 and B24.

4. How many people scored Above Average?

5. How many people scored Below Average?