Karen wrote...
Would someone please explain the following formula in lamen's terms?
Specifically, what does the "1" and "0" mean?
=IF(A25-"x",1/$A$50,0)
What do 1 and 0 usually mean? They're numbers.
The IF formula you show will always return the #VALUE! error because no
matter what's in cell A25, A25-"x" is meaningless. As for the second
term in the IF function, / is the symbol used for division, like + is
used for addition, - for subtraction, and * for multiplication.
If you mean what are the 1 (or 1/$A$50) and 0 terms themselves, read
about the IF function in online help.