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This Is Yet Another Function With Abundant Applications in The Industry. It Helps Us Divide The Population Into Groups. The

The document summarizes various statistical functions in Excel including Count, CountA, Countblanks, Countifs, Average, Median, Mode, Standard Deviation, Quartiles, Correlation, Rank.avg, Rand, and Randbetweens. Countifs counts cells meeting multiple criteria. Average returns the arithmetic mean. Median returns the middle value. Mode returns the most frequent value. Standard Deviation measures dispersion from the average. Quartiles divides a dataset into groups. Correlation measures the strength of relationship between two variables from -1 to 1.

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Amarjeet kumar
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52 views

This Is Yet Another Function With Abundant Applications in The Industry. It Helps Us Divide The Population Into Groups. The

The document summarizes various statistical functions in Excel including Count, CountA, Countblanks, Countifs, Average, Median, Mode, Standard Deviation, Quartiles, Correlation, Rank.avg, Rand, and Randbetweens. Countifs counts cells meeting multiple criteria. Average returns the arithmetic mean. Median returns the middle value. Mode returns the most frequent value. Standard Deviation measures dispersion from the average. Quartiles divides a dataset into groups. Correlation measures the strength of relationship between two variables from -1 to 1.

Uploaded by

Amarjeet kumar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Count We use the count function to count the number

of Cells having numbers.


CountA We use the counta function to count the
number of cells that are not empty
Countblank Counts the number of blank cells in a range
Countifs Countifs are one of the most used
statistical functions in Excel. The
COUNTIFS function applies one or more
conditions to the cells in the given range
and returns only those cells that fulfill all
of the conditions.

Average The most common function we usually


use in our daily lives is the average (or
mean). The AVERAGE function simply
returns the arithmetic mean of all the
cells in a given range:

Median The problem of outliers can be solved by


using another function for the central
tendency – median. The median function
returns the middle value of the given
range of cells.

Mode For numerical values, mean and median


usually, suffice but what about
categorical values? Here, mode comes
into the picture. Mode returns the most
frequent and repeated value in the given
range of values:

Standard Deviation Standard Deviation is one of the ways to


quantify dispersion. It is a measure of
how widely values are dispersed from the
average value.

Here, we will be using the STDEV.P


function which is used to calculate
standard deviation based on the entire
population given as arguments:

Quartiles Function This is yet another function with abundant


applications in the industry. It helps us
divide the population into groups. The
QUARTILES.INC returns the quartile of a
dataset, based on percentile values from 0 to
1, inclusive.

For example, you can use this function to


find out the top 25% of your customer base.

 QUARTILE.INC(array, quart)

Correlation The CORREL() function provides really


powerful insights that are not obvious e.
The CORREL function returns the
correlation coefficient of two cell ranges.
But what is that? It basically tells us how
strong the relationship is between the two
variables.

Note: It does not portray any cause and


effect relationship.

 CORREL(array1, array2)

The range of correlation value is between


-1 and 1.

Rank.avg

Rand

Randbetweens

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