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Default Search range of cells for word & return value for use in formula?

Using Excel, I want to be able to type in a word and have a formula that is
"looking" at that cell return a value (true or false, yes or no, 1 or 2)
based on whether the word I typed is or is not in an array of cells. I want
to then be able to use this value in a formula to print a "yes" or "no". Is
there a simple way to do that?
 
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