Explanation

The CHOOSE function does most of the work in this formula.

When this formula is copied down, it will return one of the four numbers.

Note that RANDBETWEEN will calculate a new value whenever the worksheet is changed.

Excel formula: Random number between two numbers

The values provided to CHOOSE can include references.

RANDBETWEEN Function

The Excel RANDBETWEEN function returns a random integer between two given numbers.

RANDBETWEEN recalculates each time a worksheet is opened or changed.

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Excel CHOOSE function

Excel RANDBETWEEN function