Answer:
The Function is given as
=IF(AND(E8="No",G8>10),"Need to remodel","No Change")
Explanation:
The syntax of the IF condition in excel is given as
IF(Test,If true,If false)
So here the test is an and component such that the house has to be unoccupied which is indicated as E8 because the E column contain the occupancy of the apartments, and the G8 is the last remodeling time, so the test statement is the AND operation of the conditions as
E8="No" indicating that house is unoccupied
G8>10 indicating that the last remodelling was more that 10 years ago
So the test is given as
AND(E8="No",G8>10)
Now the statement if the test true is the recommendation for to remodel, so
"Need to remodel"
Now the statement if the test is false is given as
"No Change"
So the overall function becomes
=IF(AND(E8="No",G8>10),"Need to remodel","No Change")
