1. The code snippet calculates several values based on three numbers $num1$, $num2$, and $num3$. 2. The sum of the three numbers is calculated as $$sum = num1 + num2 + num3$$ 3. The average is the sum divided by 3: $$average = \frac{sum}{3} = \frac{num1 + num2 + num3}{3}$$ 4. The product of the three numbers is: $$product = num1 \times num2 \times num3$$ 5. The smallest number is found using nested minimum functions: $$smallest = \min(num1, \min(num2, num3))$$ 6. The largest number is found using nested maximum functions: $$largest = \max(num1, \max(num2, num3))$$ 7. The code then outputs the sum and the average. This code computes basic statistical values (sum, average, product, smallest and largest) from three given numbers.