Excel

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How to find a Rank with Average 


This function returns the average value of the given numbers - It ignores text values and blank cells
Difference between RANK, RANK.AVG and RANK.EQ

There are three versions of the RANK formula that you can use in MS Excel

RANK was available in the older versions of excel. We can still use it, probably it will not be available in the coming versions of Excel. There are two new versions of Rank now - RANK.EQ and RANK.AVG. Below example may clear the difference between these two -

For values 5,6,6,7 -RANK and RANK.EQ will return ranks as 1,2,2,4 (Same rank for same values) and RANK.AVG will return ranks as 1 ,2.5 ,2.5 ,4. (Average of 2nd and 3rd rank). Because RANK.AVG takes average of the ranks where values are same, we often see decimal digits in ranks calculated using this formula.

If all the values in the list are unique, all the three formulas assign same ranks in that case.


Exercise 1/12: Mathematical Funtions

Hope you have understood the previous lecture.

Here is a practice exercise. Although it is not mandatory, we highly recommend that you practice before moving on to the next video.

"To become an able and successful man in any profession, three things are necessary, nature, study and practice." - Henry Ward Beecher 

Resources for this lecture

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