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Level 7

if you want to do it in formcalc it could look like this:

if (NumericField1 >= 16 and NumericField1 <=25) then
    $ = "Low Risk"
elseif (NumericField1 >= 26 and NumericField1 <=33) then
    $ = "Moderate Risk"
elseif (NumericField1 >= 34 and NumericField1 <=42) then
    $ = "High Risk"   
endif

just make sure the box where they enter the number is a numeric field not a text field (like in your example).