# if the row value in column 'is_blue' is 1
# Change the row value to 'Yes'
# otherwise change it to 'No'
df['is_blue'] = df['is_blue'].apply(lambda x: 'Yes' if (x == 1) else 'No')
# You can also use mapping to accomplish the same result
# Warning: Mapping only works once on the same column creates NaN's otherwise
df['is_blue'] = df['is_blue'].map({0: 'No', 1: 'Yes'})
>>> df.rename({1: 2, 2: 4}, axis='index')
A B
0 1 4
2 2 5
4 3 6