Final answer:
To look up data that meets multiple criteria using cell references B5 for Trans # and D5 for Category in Excel, you would use an INDEX and MATCH combination. The MATCH functions locate the position within the data range, and INDEX retrieves the value at the intersection of these positions. Preprocessing may be necessary to meet data expectations.
Step-by-step explanation:
To enter a nested lookup function in cell F5 that evaluates the Trans # in cell B5 as well as the Category in cell D5, and returns the results based on the data in the range A8:F32, you would likely use a combination of INDEX and MATCH functions in Excel. This combination allows you to look up data that meets multiple criteria across different rows and columns.
Here is an example of how you might set this up:
=INDEX(A8:F32, MATCH(B5, A8:A32, 0), MATCH(D5, A7:F7, 0))
This formula assumes that the lookup value for Trans # is in column A and the lookup value for Category is in the first row of the data range A8:F32. The MATCH functions are used to find the row and column positions, respectively, and the INDEX function then retrieves the value at the intersection of these positions.
If there is a requirement to combine two categories to ensure each cell has an expected value of at least five, you might need to preprocess your data to consolidate categories before attempting the lookup or adjust the MATCH formula to approximate the category.