Calculating Average, Minimum and Maximum is a common and simple task in Excel. There are several methods to do it. In this article, you will learn how to calculate average minimum and maximum in excel with four easy methods.
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4 Easy Methods to Calculate Average, Minimum And Maximum in Excel
Method 1: Use Functions to Calculate Average, Minimum And Maximum in Excel
Let’s get introduced to our dataset first. I have made a dataset that represents some foods’ prices. In this method, I’ll use the AVERAGE, MIN, MAX functions to calculate average, minimum and maximum in Excel. The AVERAGE function calculates the average (arithmetic mean) of a group of numbers. The MIN function returns the smallest value from the numbers provided. And the MAX function returns the highest value in a set of data.
➦ In Cell C13 type the formula given below-
➦ Then hit the Enter button and the average will be evaluated.
➦ Activate Cell C14 and write the formula-
➦ Press the Enter button now to get the minimum value.
➦ Type the formula in Cell C15 which is given below-
➦ Then just hit the Enter button to find the maximum value.
Method 2: Apply AutoSum Tool to Evaluate Average, Minimum and Maximum in Excel
Here, we’ll do the same operation using the Excel AutoSum tool from the Home ribbon. First, I’ll show how to find the average.
➦ Activate Cell C13
➦ Click Home > Editing > AutoSum > Average
➦ Then select the data range and click the Enter button.
Now to find minimum and maximum-
Click HOME > Editing > AutoSum > MIn/Max and then the other steps are the same.
Method 3: Use Auto-Stats to Find Average, Minimum and Maximum in Excel
It is one of the simplest ways to find the average, minimum and maximum.
➦ Just select the data range and Excel will automatically show the Average, Min, and Max values in the status bar of your sheet.
Method 4: Create Pivot Table in Excel to Calculate Average Minimum And Maximum
In our last method, we’ll calculate average, minimum, and maximum by using the Pivot Table. A pivot table in Excel is an extraction or resumé of your original table with source data. A pivot table can provide quick answers to questions about your table.
➦ Click as follows: Insert > PivotTable
A dialog box will open up.
➦ Select where you will create the table and set the location. I have selected Existing Worksheet and Cell E4 as the location.
➦ Press OK
A dialog box named ‘PivotTable Fields’ will appear.
➦ Mark on Products and Price option in the field.
➦ Now click: Sum of Price > Value Field Settings.
Value Field Settings dialog box will appear.
➦ Then select Average from the ‘Summarize Values By’ option and press OK
See the image below and the average price is now showing in the table.
➦ Now to find the minimum or maximum just select Max/Min from the ‘Summarize Values By’ option and press OK
I hope all of the methods described above will be useful enough to calculate the average, minimum, and maximum in excel. Feel free to ask any questions in the comment section and please give me feedback.