AVERAGEIF Function
What is
the Average daily sales for the cheap products?
AVERAGEIF lets you figure the average based on your criteria.
This formula will look up a number in a Range of prices:
that's the Filter. The cells that you select to calculate the
Average is called the Average_Range
.
1. Try This:
AVERAGEIF
In Cell D64
type: Average Daily Sale for Cheap Products.
Now, select Cell E64.
Go to
Formulas ->
Function Library.
Go to More
Functions>Statistical.
Select
AVERAGEIF.
Enter the Range: Net
Enter the Criteria: <3.50
Enter the
Average_range: Revenue
2. What Do
You See?
The formula is
=AVERAGEIF(Net,"<3.50",Revenue)