Excel functions allow you to easily and correctly calculate the mean and standard deviation. Understanding the correct statistical concepts is important whether you are analysing sales performance, ...
Standard deviation is the variation or dispersion in a set of observations. Sometimes, you may want to calculate the standard deviation for a subset of your data based on a specific condition. You ...
Variance indicates how much the values in a dataset deviate from the mean (average). You can use built-in Excel functions to calculate the variance. ➤ Variance measures the degree to which the ...
Standard deviation indicates the variation or dispersion of a set of observations. It signifies the deviation of each observation from the mean. You can use built-in Excel functions to calculate the ...
A binomial distribution summarizes the number of successes in a fixed number of independent and identical trials. You can calculate binomial probability using a built-in Excel function. ➤ A ...
Probability is the likelihood that a particular event will occur. It is expressed as a number between 0 and 1. You can calculate probability using a built-in Excel function. ➤ Probability is ...
The bell curve represents a normal distribution that is symmetrical about the mean. You can use a function to calculate the normal distribution value and then use charts to create a bell curve in ...
The normal distribution is a bell shaped curve that is symmetrical about the mean. You can use functions to calculate normal distribution probability in Excel. ➤ Normal distribution is a ...
A lognormal distribution represents the distribution of a random variable whose logarithm is normally distributed. You can create a log normal distribution in Excel using built-in functions. ➤ ...
A test for normal distribution compares various statistics of the data to determine if the data follows a normal distribution. You can perform several test for normal distribution in Excel. ➤ ...
A percent frequency distribution displays the percentage of observations within a certain interval or category compared to the total number of observations. You can use Excel functions and features ...
A contingency table or crosstabs shows the frequency distribution of two categorical variables. You can use Excel features and functions to easily make a contingency table. ➤ A contingency ...
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