PRACTICAL – 14

1. COUNT function-
The COUNT function is used to count the number of the cells containing a
number. Always remember one thing that it will only count the number.
Formula for COUNT function = COUNT (value1, [value2], …).
Step 01 - Entering data
In this first step, Enter the labels and values in the exact cells locations as
desired.
Step 02 – Calculating Count of textbooks that have a discount
Using formula: =COUNT (D2:D10).

Thus, there are 7 textbooks that have a discount out of 9 books.

 2. COUNTA function-
This function will count everything, it will count the number of the cell
containing any kind of information, including members, errors values, empty
text.
Formula for COUNTA function = COUNTA (value1, [value2], …).
Step 01 - Entering data
In this first step, Enter the labels and values in the exact cells locations as
desired.
Step 02 – Calculating Count of textbooks
Using formula: =COUNTA (D2:D10).

So, there are a total of 9 subjects that being sold in the store.
 3. COUNTBLANK function-
COUNTBLANK function, as the term, suggest it will only count blank or empty
cells.
Formula for COUNTBLANK function = COUNTBLANK (range).
Step 01 - Entering data
In this first step, Enter the labels and values in the exact cells locations as
desired.
Step 02 – Calculating Count of blank discount
Using formula: =COUNTBLANK (D2:D10).

There are 2 subjects that don’t have any discount.

 PRACTICAL – 15

Intermediate Statistical Function

1. AVERAGE Function
The Average function is one of the most used intermediate functions. The
function will return the arithmetic mean or an average of the cell in a given
range.
Formula for AVERAGE function = AVERAGE (number1, [number2], …)
Step 01 - Entering data
In this first step, Enter the labels and values in the exact cells locations as
desired.
Step 02 – Calculating Average of Revenue
Using formula: = AVERAGE (E2:E10).

So, the average total revenue is Rs. 63968.88889

 2. AVERAGEIF function
This function will return the arithmetic mean or an average of the cell in a
given range that meets the given criteria.
Formula for AVERAGEIF function = AVERAGEIF (range, criteria, [average-range])
Step 01 - Entering data
In this first step, Enter the labels and values in the exact cells locations as
desired.
Step 02 – Calculating Average of Revenue if Revenue is less than 100000
Using formula: =AVERAGEIF (E2:E10, “<100000”).

So, the total average revenue if revenue is less than 100000 is Rs. 40640
Step 03 - Calculating Average of Revenue if Cost is greater than 150
Using formula: =AVERAGEIF (C2:C10, “>150”, E2:E10).

So, the average total revenue if cost > 150 is Rs. 83323.33333

3. AVERAGEIFS function
The AVERAGEIFS function (with the letter S at the end) in Excel calculates the
average of cells that meet multiple criteria.
Step 01 - Entering data
In this first step, Enter the labels and values in the exact cells locations as
desired.
Step 02 – Calculating Average of Revenue if Cost > 150 & Quantity >300
Using formula: =AVERAGEIFS (E2:E10, C2:C10, “>150”, B2:B10, “>300”).
So, the average total revenue if cost > 150 & quantity > 300 is Rs. 111360

4. MEDIAN function
The MEDIAN function will return the central value of the data. Its syntax is
similar to the AVERAGE function.
Formula for MEDIAN function = MEDIAN (number1, [number2], …)
Step 01 - Entering data
In this first step, Enter the labels and values in the exact cells locations as
desired.
Step 02 – Calculating Median of Quantity
Using formula: =MEDIAN (B2:B10).
Thus, the median quantity sold is 300.

5. MODE function
The MODE function will return the most frequent value of the cell in a given
range.
Formula for MODE function = MODE (number1, [number2]), …)
Step 01 - Entering data
In this first step, Enter the labels and values in the exact cells locations as
desired.
Step 02 – Calculating Mode of Cost
Using formula: =MODE (C2:C10).
Thus, the most frequent or repetitive cost is Rs. 250
 PRACTICAL – 16

Standard Deviation
This function helps us to determine how much observed value deviated or
varied from the average. This function is one of the useful functions in Excel.
Formula for AVERAGE function = STDEV.P (number1, [number2], …)
Step 01 - Entering data
In this first step, Enter the labels and values in the exact cells locations as
desired.
Step 02 – Calculating Standard Deviation of Revenue
Using formula: = STDEV.P (E2:E10).

Thus, Standard Deviation of total revenue = 49103.67636

 PRACTICAL – 17

VARIANCE function
Basically, Variance will determine the degree of variation in your data set. The
more data is spread it means the more is variance.
Formula for AVERAGE function = VAR (number1, [number2], …)
Step 01 - Entering data
In this first step, Enter the labels and values in the exact cells locations as
desired.
Step 02 – Calculating Variance of Revenue
Using formula: = VAR (E2:E10).

Thus, the variance of revenue = 2712567411

 PRACTICAL – 18

QUARTILES function
Quartile divides the data into 4 parts just like the median which divides the
data into two equal parts. So, the Excel QUARTILES function returns the
quartiles of the dataset. It can return the minimum value, first quartile, second
quartile, third quartile and max value.
Formula for AVERAGE function = QUARTILE (array, quart)
Step 01 - Entering data
In this first step, Enter the labels and values in the exact cells locations as
desired.
Step 02 – Calculating Quartile of Revenue
Using formula: = QUARTILE.INC (E2:E10, 1)

So, the first quartile = 24000.

 PRACTICAL – 19

CORRELATION function
CORRELATION function, help to find the relationship between the two variables,
this function mostly used by the analyst to study the data. The range of the
CORRELATION coefficient lies between -1 to +1.
Formula for AVERAGE function = CORREL (array1, array2)
Step 01 - Entering data
In this first step, Enter the labels and values in the exact cells locations as
desired.
Step 02 – Calculating Correlation Coefficient between Discount & Revenue
Using formula: = CORREL (D2:D10, E2:E10)

So, the correlation coefficient between discount and revenue of store =

0.091192525.
Since it is a positive number, thus we can conclude discount is positively
related to revenue.
 PRACTICAL – 20

LARGE function
The LARGE function is similar to the MAX function but the only difference is it
returns the nth largest value within a given set of data or an array.
Formula for AVERAGE function = LARGE (array, k)
Step 01 - Entering data
In this first step, Enter the labels and values in the exact cells locations as
desired.
Step 02 – Calculating Cost of most expensive textbook
Using formula: = LARGE (C2:C10, 1)

So, the cost of most expensive textbook is Rs 420.

SMALL function
The SMALL function is similar to the MIN function, but the only difference is it
returns the nth smallest value within a given set of data or an array.
Formula for AVERAGE function = SMALL (array, k)
Step 01 - Entering data
In this first step, Enter the labels and values in the exact cells locations as
desired.
Step 02 – Calculating least cost price of Textbooks
Using formula: = SMALL (C2:C10, 2)
k=2 for second least expensive book.

Thus, Rs 120 is the least cost price.