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The Corporate Finance Institute ExcelWe get 3 as the result, as shown below:The COUNT function is fully programmed. It counts the number of cells in arange that contain numbers and returns the result as shown above.Suppose if we use formula COUNT(B5:B17,345). We will get the result below:You may be wondering that B10 contains 345 in the given range. So why theCOUNT FUNCTION returned 4?The reason is that in the COUNT function, all values in the formula are put sideby side and then all numbers get counted. Therefore, the number “345” hasnothing to do with the range. As a result, the formula will add the numbers ofthe two values in the formula.corporatefinanceinstitute.com180
The Corporate Finance Institute ExcelExample 3 – Using COUNT function with AVERAGE functionSuppose the prices of a certain commodity are given below:If we wish to find out the average price from January 8 to 12, we can useAVERAGE function along with COUNT and OFFSET functions.The formula to use will be:The OFFSET function helped in creating dynamic rectangular ranges. By givingthe starting reference B2, we specified the rows and columns the final rangewould include.OFFSET would now return a range originating from the last entry in column B.Now the COUNT function is used for all of column B to get the required rowoffset. COUNT counts only numeric values, so the headings if any areautomatically ignored.corporatefinanceinstitute.com181
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