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Conditional Formatting helps to easily identify the usual and unusual numbers/ conditions, creating interactive visualization by means of Highlight Cells by Rules, Top/Bottom Rules, Data Bars, Color Scales and Icon Sets.
In an “IF function” there will be two output i.e. TRUE or FALSE since either the statement will be “TRUE” or “FALSE”. If the statement is matching or correct, then output will be “TRUE” or if the statement is not matching or not correct then the output will be “FALSE