By modifying any of the following form fields, computed values for the displayed output values are immediately delivered. To see all of your findings, click the "see report" button. Your needed minimum distribution is $3,906.25. * Indicates a mandatory distribution. This is a mandatory field. Enter a number between 20 and 100 into this box for the initial value of the Minimum Distribution field.
To do this assignment, just use Excel's Max or Min functions. Select the cell where you want to put the formula and enter =MIN 100, SUM (A5:A10), where A5:A10 is the cell range you want to sum, and click Enter. The result is 100.
Simply put, Solver may be used to calculate the maximum or lowest value of one cell by altering the values of other cells. For example, you may alter the size of your expected advertising expenditure to observe how it affects your predicted profit. The change in advertising spending will cause Solver to recalculate the profit function, which can then be observed in the Status column.
Solver can also be used to find the minimum value of a cell. In this case, you would only need to switch the "max" and "min" buttons on the Solver toolbar. The calculator will then automatically adjust the other cells used in the calculation.
To use Solver to determine the maximum or minimum value of a cell, first make sure that all the required cells are selected in the workbook. Then click the Solver button on the Math toolbar or press Alt+1.
The Solver window will appear. Here you can enter a solution for the problem, such as "Max". Click the Evaluate button to see what action will be taken based on your answer.
Solver will now check each option in turn and update the Status column with their results. If there is no value entered into the Solve For field, then it will use 1 for minimum and 0 for maximum.
Criteria for MIN and MAX To obtain a minimum value based on one or more criteria, use the MINIFS and MAXIFS functions in Excel 2019, or Excel for Office 365, as demonstrated below. Use the MIN IF Formula or the MAXIFS Function provided below for previous versions of Excel.
The Excel MIN function returns the smallest numeric value in a range of values. The MIN function ignores empty cells, the logical values TRUE and FALSE, and text values. Get the smallest value.
You can type one of the formulae shown above into a blank cell. See the following screenshot: Then hit the Enter key to get the average, which ignores the highest and smallest numbers. Please keep in mind that in the preceding formulas, A2: A12 denotes the data range to be calculated. You can change it as needed.
Determine the smallest and biggest number in a range.
A minimum is the smallest or least significant number in a set of data. In statistical terms, a minimum value is less than or equal to the first quartile of observations less 1.6 times the interquartile range (the distance between the third quartile and the first quartile).