How do I randomly choose from a list in Excel?

So let's say that I want to create a fake listing of bank transactions. I want all 1000 transactions to happen at 1 of four branches:

1. Eastern Ave
2. Wall Street
3. 112th Ave
4. Broadway

How do I tell Excel to pick from my list of 4 branches and populate the list?

4 Comments
 

Here's my take

There are multiple ways to do it using rand function - based on probability distribution etc.

However for the sake of a single-cell formula to fill the list: =IF(RANDBETWEEN(1,4)=1,"Eastern Ave",IF(RANDBETWEEN(1,4)=2,"Wall Street",IF(RANDBETWEEN(1,4)=3,"112th Ave","Broadway")))

And you basically want to hard copy the list (special paste value) to another tab/sheet to avoid the list changing everytime you refresh the worksheet.

Cheers

The heights by great men reached and kept were not obtained by sudden flight. But they, while their companions slept, were toiling upward in the night. -Thomas S. Monson
 

i'm going to try this when i'm back at the office, thanks euro

i had seen solutions that looked more like hswc but I was thinking there had to be a more simplistic way

______ Corporate financial/business analyst looking for career/MBA/CFA advice.
 

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