MIN

Returns the minimum of a list of arguments, ignoring text entries.

Syntax:

MIN(number1, number2, ... number30)

number1 to number30 are up to 30 numbers or ranges containing numbers.

Example:

MIN(2, 6, 4)

returns 2, the smallest value in the list.

MIN(B1:B3)

where cells B1, B2, B3 contain 1.1, 2.2, and apple returns 1.1.

Application:

Imagine you are a manager for a retail company and you want to analyze the sales performance of different employees over the past quarter. You need to identify the lowest sales amount to understand the minimum performance level and potentially identify an area where an employee might need additional training or support.

Here is a table showing the quarterly sales figures for five employees:

	Employee	Quarterly Sales
	A	B
1	John	$125,000.00
2	Sarah	$150,000.00
3	Michael	$98,000.00
4	Emily	$135,000.00
5	David	$110,000.00

To find the minimum sales amount, you would apply the MIN function to the "Quarterly Sales ($)" column.

MIN(125000, 150000, 98000, 135000, 110000)

The result of this function is $98,000.

Conclusion:

Performance Analysis: You've identified that Michael had the lowest sales for the quarter. You can now investigate why this might be the case. Was there a specific issue with his assigned territory? Did he face any personal challenges? This data point helps you focus your management efforts.
Goal Setting: Knowing the minimum performance level, you can set a new sales target for all employees, perhaps suggesting that no one's sales should fall below $100,000 in the next quarter.
Bonus Calculation: If a company's bonus structure is based on exceeding a certain minimum sales threshold, the MIN function could be used to quickly see which employees are not eligible.

Result for MIN(125000, 150000, 98000, 135000, 110000):

$98,000.00