Provide an example of how businesses might apply a conditional formula to spreadsheet data

A business might apply conditional formula to calculate the payouts for the different employees of the organisation.

Explanation:

Conditional Formatting (CF) is a tool that allows you to apply formats to a cell or range of cells, and have that formatting change depending on the value of the cell or the value of a formula. This helps you to differentiate and make difference between the values to be put in the different cells depending on the criteria.

Conditional formatting is a feature in many spreadsheet applications that allows you to apply specific formatting to cells that meet certain criteria. It is most often used as color-based formatting to highlight, emphasize, or differentiate among data and information stored in a spreadsheet.

Businesses might use conditional formulas to help determine if they will be able to meet their goal.

Explanation:

For example, if the expression is B1+B2 < 328, you can use an IF function to determine whether or not this is a true equation:  

=IF(B1+B2<328, True, False)  

Or in other words:  

=IF(logical expression, value if true, value if false)