When using the MIN and MAX functions, what are you attempting to find?

When utilizing the MIN and MAX functions in Excel, the primary aim is to identify the lowest and highest values within a specified range of data. The MIN function scans the selected range to find the smallest numerical value, while the MAX function locates the largest numerical value. This is particularly useful for data analysis tasks where understanding the range of values is crucial, such as determining the minimum and maximum sales figures, test scores, or any other numeric datasets.

In contrast, the other options represent different functions or purposes: calculating the average involves the AVERAGE function, summing values requires the SUM function, and counting unique values typically utilizes the COUNTIF or COUNTA functions combined with other techniques. Thus, the correct choice accurately reflects the function's specific role in working with numerical data in Excel.