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Help on creating report grading calculation method

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  1. #1
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    11-23-2013
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    Excel 2010
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    Help on creating report grading calculation method

    Hello all,

    I'm trying to implement a grading scheme for graded reports I have in a sheet. The grades range from 1-5/A-E, and any report may receive one or more grades or none at all.

    What's important is the number of grades each report has gotten, as well as the grades themselves. I want 1/A grades and 5/E grades to stand out prominently; namely, I want it to be obvious by quick inspection any report has gotten any 1's or 5's, and I also want to assess strength relative to other reports.

    I want to weight the grades in some way, and a provisional method I have is to assign positive or negative points as follows:

    1=7
    2=3
    3=1
    4=-1
    5=-10

    Same thing with A-E.

    Then I simply SUM the points. I also average the scores by the following formula, which ignores 0:

    =IFERROR(SUM(range)/(SUMPRODUCT((range<>0)*1)),0)

    Can I normalize/standardize via this grading scheme? Right now, it's not obvious to me.

    I was also thinking of doing:

    1=100%
    2=90%
    3=70%
    4=50%
    5=30%

    But I don't know the relative merits, especially with weighing the scores and variable quantities of grades.

    I'd appreciate any insight. Tks!
    Last edited by jimbosi; 11-20-2014 at 07:21 AM. Reason: to conform to forum rules

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