Whenever we are handling numbers, values, ranges, and figures there is always the need to identify the minimum value of all the values and the maximum values of all the values. We get the minimum or maximum values in any given set of data to be able to find the range of the data.
In an excel sheet when we record data, we also have the urgency to get its minimum and its maximum with this you can find the mean, mode, and median of the data set. You can find the range of the data you just recorded, for example, is it relying on the great side or the small side secondly is it occurring mostly at the minimum or the maximum.
For us to calculate the minimum and maximum values in any given excel sheet there are several steps that we can follow to achieve the correct result. These steps are discussed below in detail.
To get the maximum and minimum values, you need to come up with a data set containing values in the numeric form. Open a blank excel sheet and record your data in it. For example, you can use one column for job code and the other column for salary.
Now that the excel sheet has been created, we are now going to get the minimum and maximum values from the data we have. To do this, there a couple of formulas involved. To find the value of the minimum figure we are going to use =MIN (B2: B6). This formula will output the smallest value of all in the data set above.
To find the maximum value in the data above, we are going to use the formula =MAX (b2: B6). Again this formula will display the largest value of all in the data set above.
These two formulas will be written on the formula bar or the result cell one after the other to avoid confusion. Appropriate usage of the two formulas will display the correct values from the data set we already have created.