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Multiple winning and losing criteria based on data from 2 columns of data

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I have 2 columns hmg and hma and need to be able to quickly and easily work out if the 3rd column winner is a (y) or (n). There are multiple criteria for both (y) and (n) which is displayed in the reason column. Is it possible there is a formula that can do this? It would be ideal if the reason column could also be displayed to show why either (y) or (n) was indicated. Thank You

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