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Default How can I give text (A,B...) a number value in Excel (A=1, B=2..)

I'm trying to give a word/text a numeric value. High = 3, Medium = 2 and Low
= 1 etc.

I thought this could be done with a lookup table? If anyone has any
information on how to do this I'd be most appreciative.

Cheers,

Pete
 
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