Thank you for visiting A workbook contains a list of houses and the months they were sold in several cities in Florida in June You are interested in determining. This page is designed to guide you through key points and clear explanations related to the topic at hand. We aim to make your learning experience smooth, insightful, and informative. Dive in and discover the answers you're looking for!
Answer :
As per the statement the function which is best suited for this calculation is averageif.
What is averageifs?
- In Microsoft Office Excel, averageifs may be a function that helps to determine the average of cells that follow different criteria.
- Averageif is one among many functions under the "Statistic" category.
- the standards for averageifs can be words or a range of numbers which allows more diverse analysis compared to other average functions.
- While averaging the equation this option is very easy to implement.
- you need not recall any formula just go for the formulas option at tabs in excel there are many formulas such as SUMIF, MAXIFS ETC.
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Rewritten by : Jeany
To calculate the average price of houses sold in Ft. Lauderdale, the AVERAGEIFS function should be used. It allows for averaging based on multiple criteria, such as city and month.
To determine the average price of sold houses in Ft. Lauderdale, the AVERAGEIFS function is best suited for this calculation. This function is specifically designed to calculate the average (mean) for cells that meet multiple criteria. For example, you would use AVERAGEIFS to average the prices of houses that were sold in Ft. Lauderdale in the month of June. Unlike the AVERAGEIF function, AVERAGEIFS can consider several criteria, such as the city and the month of sale.
The formula would look something like this:
=AVERAGEIFS(prices_range, cities_range, "Ft. Lauderdale", months_range, "June")
Where prices_range is the range of cells containing the prices of the houses, cities_range is the range of cells containing the cities, and months_range is the range of cells containing the months.
