Let’s assume you are a math’s teacher interested in finding the average of the math’s score of last five students – he is interested in finding why they are performing poor. How will he proceed?
We have studied and used SUMIFS() and SUMPRODUCTS() function with their appropriates use. Just to recall, SUMIFS() work great when our data is in the shape of list or is in column.
The MINIFS function is an advanced statistical function, which is only available in the latest version of Office (EXCEL 2016, Excel Online and latest mobile excel versions).
SUMIF() functions is among the most commonly used functions in excel. Whenever ever we have to sum against a given criteria we revert to this function, be the criteria be only one or more then one (for more then one criteria’s we use SUMIFS(), just another function of this family).