Intro
Unlock the potential of MINIFS in Cell K1 with these 3 expert-approved methods. Discover how to harness the power of MINIFS to analyze complex data, create dynamic reports, and simplify workflows. Learn how to use MINIFS with INDEX/MATCH, SUMIFS, and pivot tables to elevate your Excel skills and boost productivity.
Excel is a powerful tool for data analysis and manipulation, and one of its most useful features is the MINIFS function. This function allows users to find the minimum value in a range of cells based on multiple criteria. In this article, we will explore three ways to use MINIFS in cell K1, along with examples and explanations.
What is MINIFS?
MINIFS is a function in Excel that returns the minimum value in a range of cells based on multiple criteria. It is similar to the MINIF function, but it allows users to specify multiple criteria ranges and criteria. The syntax for MINIFS is as follows:
MINIFS(min_range, criteria_range1, criteria1, [criteria_range2], [criteria2],...)
Where:
- min_range is the range of cells that contains the values you want to find the minimum of
- criteria_range1 is the range of cells that contains the criteria you want to apply
- criteria1 is the criteria you want to apply to the criteria_range1
- [criteria_range2] and [criteria2] are optional and allow you to specify additional criteria ranges and criteria
Example 1: Finding the Minimum Value in a Range Based on a Single Criteria
Suppose we have a table with sales data for different regions, and we want to find the minimum sales value for the North region. We can use MINIFS to achieve this.
| Region | Sales |
|---|---|
| North | 100 |
| North | 200 |
| South | 300 |
| South | 400 |
To find the minimum sales value for the North region, we can use the following formula in cell K1:
=MINIFS(B:B, A:A, "North")
Where:
- B:B is the range of cells that contains the sales values
- A:A is the range of cells that contains the region names
- "North" is the criteria we want to apply to the region names
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Example 2: Finding the Minimum Value in a Range Based on Multiple Criteria
Suppose we have a table with sales data for different regions and product categories, and we want to find the minimum sales value for the North region and the Electronics product category. We can use MINIFS to achieve this.
| Region | Product Category | Sales |
|---|---|---|
| North | Electronics | 100 |
| North | Electronics | 200 |
| North | Clothing | 300 |
| South | Electronics | 400 |
| South | Clothing | 500 |
To find the minimum sales value for the North region and the Electronics product category, we can use the following formula in cell K1:
=MINIFS(C:C, A:A, "North", B:B, "Electronics")
Where:
- C:C is the range of cells that contains the sales values
- A:A is the range of cells that contains the region names
- "North" is the criteria we want to apply to the region names
- B:B is the range of cells that contains the product categories
- "Electronics" is the criteria we want to apply to the product categories
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Example 3: Finding the Minimum Value in a Range Based on Multiple Criteria with Multiple Values
Suppose we have a table with sales data for different regions and product categories, and we want to find the minimum sales value for the North or South region and the Electronics or Clothing product category. We can use MINIFS to achieve this.
| Region | Product Category | Sales |
|---|---|---|
| North | Electronics | 100 |
| North | Electronics | 200 |
| North | Clothing | 300 |
| South | Electronics | 400 |
| South | Clothing | 500 |
To find the minimum sales value for the North or South region and the Electronics or Clothing product category, we can use the following formula in cell K1:
=MINIFS(C:C, A:A, {"North", "South"}, B:B, {"Electronics", "Clothing"})
Where:
- C:C is the range of cells that contains the sales values
- A:A is the range of cells that contains the region names
- {"North", "South"} is the criteria we want to apply to the region names
- B:B is the range of cells that contains the product categories
- {"Electronics", "Clothing"} is the criteria we want to apply to the product categories
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Gallery of MINIFS Function Examples
MINIFS Function Examples
We hope this article has helped you understand the MINIFS function in Excel and how to use it to find the minimum value in a range of cells based on multiple criteria. Do you have any questions or comments about the MINIFS function? Share them with us in the comments section below!