This function returns the rank, the number indicating the rank from a list of numbers in ascending or descending order. Use RANK when you want to provide a rank for items in a list, but you don’t want to sort the list.
Syntax:
=RANK (number, ref, [order])
Parameter list:
In this example,
This function has been replaced with new functions that provide improved accuracy and whose names better reflect their usage. The new functions are RANK.AVG and RANK.EQ (new version of RANK function).
As the name suggest RANK.AVG will provide you the rank and if more than one value has the same rank, the average rank is returned.
Although RANK function is still available for backward compatibility, you should consider using the new functions from now on, because this function may not be available in future versions of Excel.
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