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Excel's Formula - sisman

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Chapter 15: Performing Magic with Array <strong>Formula</strong>s 405<br />

If you’ve used the Excel program’s RANK function, you may have noticed that the ranks produced<br />

by this function don’t handle ties the way that you may like. For example, if two values are<br />

tied for third place, the RANK function gives both of them a rank of 3. You may prefer a commonly<br />

used approach that assigns each an average (or midpoint) of the ranks — in other words, a<br />

rank of 3.5 for both values tied for third place.<br />

Figure 15-8 shows a worksheet that uses two methods to rank a column of values (named Sales).<br />

The first method (column C) uses the Excel RANK function. Column D uses array formulas to<br />

compute the ranks.<br />

The following is the array formula in cell D4:<br />

{=SUM(1*(B4

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