I am trying to create a drop down list that displays text with a hidden numerical value attached. Then I will have a standard formula on the same row that calculates a value based upon the hidden value selected.
You can't create a drop down list in Excel without using the Data Validation feature. Think of Data Validation is a restriction or limitation that Excel applies to the cells you specify. You can choose the criteria, of course.
There is a list option in Data validation. If this is combined with a VLOOKUP formula you would be able to convert the selected value into a number.
The steps in Excel 2010 are:
In a cell enter a formula like this
=VLOOKUP(A2,$D$3:$E$5,2,FALSE)
which will return the matching value from the second part of your list.
Alternatively, Form controls can be placed on a worksheet. They can be linked to a range and return the position number of the selected value to a specific cell.
The steps in Excel 2010 are:
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