Display TEXT Only Based On Number Rating And Calculations?

Jun 15, 2014

I am trying to display result of risk assessment matrix in excel. I have three columns PROBABILITY , IMPACT and RISK RATING (probability *impact).

Probability = Very Low(1), Low(2), Medium (3), High (4), Very High (5)
Impact = Low(1), Medium(2), High(3)
Risk Rating = Low (value between 1 -3), Medium (value between 4 - 6), High (value between 7 - 15)

Is there any way that I just use TEXT in the cell (visible to user) and excel does its magic in the background using the numbers that I have for each TEXT? I don't want to display numbers.

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