How to Find Average of the Largest 3 Values in Microsoft Excel 2010

In this article, we will learn How to Find Average of the Largest 3 Values in Microsoft Excel 2010.

Scenario:

When working with data, where we need to get the average of numbers having criteria values. Why criteria values create a difference in result. Here given a situation were we need to extract the average of last 3 months data or last 3 years data. There we can use this formula. Understand how to solve the problem.

Formula Syntax:

To get the top 3 values in a list we will use the LARGE function.

The LARGE function returns the kth largest value starting from the largest in a range of values.

Syntax:

=LARGE ( array, k )

Note: It will return #NUM! Error if k is greater than the number of values in the range.

AVERAGE function takes the array and returns the average value or mean value for the array.

Syntax:

= AVERAGE ( number1 , number2 ,... )

Let's make a formula using the above functions:

Firstly, we will filter the array using the LARGE function and then the outcome will be fed to the AVERAGE function.

Syntax:

= AVERAGE ( LARGE ( array , { 1 , 2, 3 } ) )

The above formula gets the first largest ,second largest and the third largest value from the array and fed to the AVERAGE function to get the result. Changing the values inside the burly braces will change the result.

Example :

All of these might be confusing to understand. Let's understand how to use the function using an example. This all might be confusing. So Let’s use the formula in an example to get its more understanding.

Here we have 5 ranges of numbers and We need to find the find the average of the top 3 values for all ranges.

We need to find the average using the below formula

Use the formula:

= AVERAGE ( LARGE ( B2:B6 , {1 , 2 , 3 } ) )

Explanation:

The LARGE function gets the top 3 values of the range ( B1:B6 ). The Large function returns the values { 87 , 82 , 58 }. Now AVERAGE of these values is calculated using the AVERAGE function

As you can see the formula returns the average for first array

Now use the same formula for other ranges using the Ctrl + R or drag right option in excel.

Here we have the average for all the ranges.

Here are all the observational notes regarding using the formula.

Notes:

The function returns #VALUE! criteria if no value matches the given criteria.
Different Criteria inside formula is accepted, such as equals to (=), less than (<) , less than or equals to (<=) , greater than or equals to (>=) , greater than (>) & not equals to (<>).

In this way, we learnt How to Find Average of the Largest 3 Values in Microsoft Excel. You can use these functions in Excel 2016, 2013 and 2010. Find more articles on Mathematical formulation with different criteria. If you liked our blogs, share it with your friends on Facebook. And also you can follow us on Twitter and Facebook. We would love to hear from you, do let us know how we can improve, complement or innovate our work and make it better for you. Write us at info@exceltip.com

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