Calculating an average rate based on multiple columns - excel

I'm trying to calculate an average fare rate per square metre. To do this, I want to calculate the total cost by multiplying the Quantity (col E), the Footprint (col Q) and the netcon objective per square metre (col AI) to get the total cost per line item, adding all these up, then dividing by the total footprint (E*Q) for the whole list (lines 4 to 503, most of which are generally blank).
Since I want to avoid any more helper columns, I'm hoping to find a one-cell solution. To that end, I tried building an array formula:
=($E$4:$E$503*$Q$4:$Q$503*$AI$4:$AI$503)/SUM($E$4:$E$503*$Q$4:$Q$503)
It gives a #VALUE! error, though, and since it's my first attempt at actually writing an array formula rather than just copy-pasting one I'm not sure where I'm going wrong.
Any ideas?

IF you are interested in avoiding an array formula this looks like a sumproduct operation. You could try this:
=sumproduct($E$4:$E$503,$Q$4:$Q$503,$AI$4:$AI$503)/sumproduct($E$4:$E$503,$Q$4:$Q$503)
and for your original formula, were you missing SUM at the start?
=sum($E$4:$E$503*$Q$4:$Q$503*$AI$4:$AI$503)/SUM($E$4:$E$503*$Q$4:$Q$503)

Related

Split total by percentage and receive the same result

This is a little bit complicated to describe, but I will try my best. I have a total, let's say 1000. Then I want to split it by percentages, position count is all the time different. So there can be 3 or 70 or 130 positions or whatever. Then split sum should correspond to target value.
Here is an example of the case:
I input names under Customer request
I enter percentage for position under Percentage
In amount calculation I use =CEILING($C$5*C10;10) and in all the rest of the cells the same to get numbers look nice. It is working fine but he problem is that now totals does not match. It should end up in 15550 but after calculating totals after split it is 15660.
Is there any ideas what kind of master artificial intelligent formula can do the trick to produce nice looking numbers, taking in consideration to match Total (target) in the end if Total (calculated) percentage is 100%?
P.S. Any ideas are welcomed as well. The target is to have nice looking, rounded numbers that will sum in the same number as target - total.
Since you are using CEILING, your output number (e.g. 15660) is guaranteed to be greater than or equal to your input number (e.g. 15550). This is because any time a "perfect match" isn't found, it rounds up.
My first suggestion is to instead use ROUND instead of CEILING. Right off the bat this will perform better than CEILING because ROUND can round up or down but CEILING can only round up.
E.g. try this:
= ROUND($C$5*C10,-1)
Since you provide no details as to "how" the data needs to be adjusted to meet your input value, I can't really provide any automatic solution.
One manual solution is that you can make a new column which indicates whether the data was rounded up or rounded down, and you can adjust the percentages manually to get the data you're looking for.
Here's a formula to tell you if the data is rounded up or down (e.g. put formula in cell E10 and drag down):
= CHOOSE(SIGN(D10-($C$5*C10))+2,"Round Down","Perfect Match","Round Up")
You can use this information to manually tweak your percentages. For example... if your output value is too high, you can slightly decrease some of the higher percentages that "Round Up" and slightly increase some of the lower percentages (e.g. if you have 10% and 3%, maybe change them to 10.1% and 2.9% to see if that makes a difference.)

Excel Finding average speed

I have got 1500 rows of travels. In column A I have got total time on travel, in column B total km driven. In column C I did calculation on the average speed of specific travel. Whats the best way to calculate the average speed of all travels? The lengths are from 0 to 20 kms approx, time always shorter than one hour.
First I eliminated all travels shorter than 2 km then
I managed to do a frequency table and have written frequencies of speeds in 0-5,5-10,... km/h. Now I can do a histogram, but should I eliminate more data or how to approach this problem?
In another cell enter:
=SUM(B:B)/SUM(A:A)
A common error would be to try to average the values in column C.
it depends on your data. if it is statistics, don't throw data away, use them.
you have column A for travel time, and column B for travle distance. using this two column you can find the total average speed like what Gary's student suggest i.e. SUM(B:B)/SUM(A:A).
you also have column C the average speed for each travel, you can use this two counter check. simply do SUMPRODUCT(A:A,C:C), you should find the result equals to SUM(B:B). if the results match, then i'll say "ok i'm satisfied with my calculation".

Excel AVERAGEIFS else statement

I'm trying to perform an AVERAGEIFS formula on some data, but there are 2 possible results and as far as I can tell AVERAGEIFS doesn't deal with that situation.
I basically want to have an ELSE inside it.
At the moment I have 2 ranges of data:
The first column only contains values 'M-T' and 'F' (Mon-Thurs and Fri).
The second column contains a time.
The times on the rows with an 'F' value in column 1 are an hour behind the rest.
I want to take an average of all the times, adjusting for the hour delay on Fridays.
So for example I want it to take an average of all the times, but subtract 1 hour from the values which are in a row with an 'F' value in it.
The way I've been doing it so far is by having 2 separate results for each day, then averaging them again for a final one:
=AVERAGEIFS(G3:G172, B3:B172, "M-T")
=AVERAGEIFS(G3:G172, B3:B172, "F")
I want to combine this into just one result.
The closest I can get is the following:
=AVERAGE(IF(B3:B172="M-T",G3:G172,((G3:G172)-1/24)))
But this doesn't produce the correct result.
Any advice?
Try this
=(SUMPRODUCT(G3:G172)-(COUNTIF(B3:B172,"=F")/24))/COUNTIF(B3:B172,"<>""""")
EDIT
Explaining various steps in the formula as per sample data in the snapshot.
SUMPRODUCT(G3:G17) sums up all the value from G3 to G17. It gives a
value of 4.635416667. This after formatting to [h]:mm gives a value
of 111.15
OP desires that Friday time be one hour less. So I have kept one hour less for Friday's in the sample data. Similar SUMPRODUCT on H3:H17 leads to a value of 4.510416667. This after formatting to [h]:mm gives a value
of 108.15. Which is exactly three hours less for three occurrences of Fridays in the sample data.
=COUNTIF(B3:B17,"=F") counts the occurrences of Friday's in the B3:B17 range which are 3 occurrences.Hence 3 hours have to less. These hours are to be represented in terms of 24 hours hence the Function COUNTIF() value is divided by 24. This gives 0.125. Same is the difference of 4.635416667 and 4.510416667 i.e. 0.125
Demonstration column H is for illustrative purposes only. Infact Friday accounted values that is 108.15 in sample data has to be divided by total data points to get the AVERAGE. The occurrences of data points are calculated by =COUNTIF(B3:B17,"<>""""") with a check for empty columns.
Thus 108:15 divided by 15 data points give 7:13 in the answer.
Revised EDIT Based upon suggestions by #Tom Sharpe
#TomSharpe has been kind enough to point the shortcomings in the method proposed by me. COUNTIF(B3:B172,"<>""""") gives too many values and is not advised. Instead of it COUNTA(B3:B172) or COUNT(G3:G172) are preferable. Better Formula to get AVERAGE as per his suggestion gives very accurate results and is revised to:
=AVERAGE(IF(B3:B172="M-T",G3:G172,((G3:G172)-1/24)))
This is an Array Formula. It has to be entered with CSE and further cell to be formatted as time.
If your column of M-T and F is named Day and your column of times is named TIME then:
=SUMPRODUCT(((Day="M-T")*TIME + (Day="F")*(TIME-1/24)))/COUNT(TIME)
One simple solution would be to create a separate column that maps the time column and performs the adjustment there. Then average this new column.
Is that an option?
Ended up just combining the two averageifs. No idea why I didn't just do that from the start:
=((AVERAGEIFS(G$3:G171, $B$3:$B171, "F")-1/24)+AVERAGEIFS(G$3:G171, $B$3:$B171, "M-T"))/2

Removing Lower/Upper Fence of outliers from input data to then be evaluated

What I have attempted:
AVERAGEIF(B11:V11,">+MEDIAN(B11:V11)")
What I am trying to do:
I would like to take the average of the upper half of given data. Elaborating more. I would like to find a formula that will allow me to remove a given lower fence of outliers and dissect the data then given to me. I would greatly prefer to maintain this formula within one cell "not grabbing different results from formulas within multiple cells".
Update:
Following through I found the solution.. I think.
One thing I should have explained further:
The data coming in replicating a typical sqrt function.
What I wanted to achieve is to capture the mean of the "plateau" of the data.
The equation I used was:
=AVERAGEIF(B3:B62,(">"&+TRIMMEAN(B3:B62,0.8)),B3:B62)
This was something I just copied and pasted. of course "B3" and "B62" are significant only for my application.
My rough explanation of the equation:
TRIMMEAN will limit the AVERAGE to the top 20%(">")(0.8) of the data selected. So for my application, this SHOULD give me a rough mean of the "plateau" of the data i would like to find the mean for.
This formula calculates the Median() of the range, then AverageIf() uses the median and only grabs values that are greater than or equal to >= the median ~ giving you the average of the 'top-half' of your values.
AVERAGEIF(A1:A10,">="&MEDIAN(A1:A10))
Hope this help!

Ranking function

I am looking for some help regarding ranking. My spreadsheet has columns labeled as follows:
Tickers
P/E Rate of Change
P/B Rate of Change
Dividend Yield Rate of Change
P/Sales Rate of Change
I am looking to come up with a composite ranking that takes into account a tickers relative rank within each rate of change category. I tried this first by creating an additional 4 columns and using the formula as follows:
IFERROR(RANK(D4,$D:$D,1),"")
I believe this gives me a rank for the corresponding rate of change. However, for those cells that have either a blank or an error I want to use a median in calculating the tickers rank. I was then going to sum the ranks in another column to come up with my final ranking but that doesn't seem to be calculating correctly as I have blank rows returning rankings that don't make sense.
I think you are almost there.
For one column I would change what you have to
=IFERROR(RANK(D4,$D:$D,1),MEDIAN($D:$D))
Then simply expand to add all ranks together
=IFERROR(RANK(A4,$A:$A,1),MEDIAN($D:$D))
+IFERROR(RANK(B4,$B:$B,1),MEDIAN($D:$D))
+IFERROR(RANK(C4,$C:$C,1),MEDIAN($D:$D))
+IFERROR(RANK(D4,$D:$D,1),MEDIAN($D:$D))
+IFERROR(RANK(E4,$E:$E,1),MEDIAN($D:$D))
To avoid potentially large numbers you could use an average (same resulting rank, but potentially easier to understand) by slightly changing the formula to:
=(IFERROR(RANK(A4,$A:$A,1),MEDIAN($D:$D))
+IFERROR(RANK(B4,$B:$B,1),MEDIAN($D:$D))
+IFERROR(RANK(C4,$C:$C,1),MEDIAN($D:$D))
+IFERROR(RANK(D4,$D:$D,1),MEDIAN($D:$D))
+IFERROR(RANK(E4,$E:$E,1),MEDIAN($D:$D)))/5

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