And if the value sought appeared several times in the array, your
formula returns "false". Whether or not that's what the OP intended is
up to the OP to decide.
If the OP wants True or False boolean values rather than text strings
returned, it'd be easier to use
=COUNTIF(Array,Number)>0
if one or more matches should correspond to TRUE or
=COUNTIF(Array,Number)=1
if one and only one match should correspond to TRUE.
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