Excel Functions – Statistical Functions in Excel

Statistical functions in Excel are a set of tools that allow you to perform various statistical calculations on data sets. These functions can be used to analyze data, identify trends, and make predictions.

Some of the most commonly used statistical functions in Excel include:

• AVERAGE: Returns the average value of a range of cells.
• MAX: Returns the maximum value in a range of cells.
• MIN: Returns the minimum value in a range of cells.
• SUM: Returns the sum of the values in a range of cells.
• COUNT: Returns the number of cells in a range that contain numbers.
• COUNTA: Returns the number of cells in a range that are not empty.
• STDEVP: Returns the standard deviation of a range of cells.
• VAR: Returns the variance of a range of cells.
• MODE: Returns the most frequently occurring value in a range of cells.

Statistical Functions

This chapter gives an overview of some very useful statistical functions in Excel.

Average

To calculate the average of a group of numbers, use the AVERAGE function.

Note: visit our page about the AVERAGE function for many more examples.

Averageif

To average cells based on one criteria, use the AVERAGEIF function. For example, to calculate the average excluding zeros.

Note: visit our page about the AVERAGEIF function for many more examples.

Median

To find the median (or middle number), use the MEDIAN function.

Check:

Mode

To find the most frequently occurring number, use the MODE function.

Note: visit our page about the MODE function to learn more about this Excel function.

Standard Deviation

To calculate the standard deviation, use the STEDV function.

Note: standard deviation is a number that tells you how far numbers are from their mean. Learn more about this topic on our page about standard deviation.

Min

To find the minimum value, use the MIN function.

Max

To find the maximum value, use the MAX function.

Large

To find the third largest number, use the following LARGE function.

Check:

Small

To find the second smallest number, use the following SMALL function.

Check:

Tip: Excel can generate most of these results with the click of a button. Our Descriptive Statistics example shows you how.

Conclusion

Statistical functions can be a powerful tool for analyzing data and making decisions. By using these functions, you can gain valuable insights into your data and make better decisions about your business.

Here are some additional tips for using statistical functions in Excel:

• When using these functions, it is important to use the correct data type. For example, if you are using the AVERAGE function, you should make sure that the data in the range is all numeric.
• You can use statistical functions to calculate values for cells that are not visible in the worksheet. For example, you can use the AVERAGE function to calculate the average sales for a month even if there are no sales figures for that month.
• You can use statistical functions to create charts and graphs that can help you visualize your data.
• You can use statistical functions to export your data to other applications, such as Microsoft PowerPoint or Microsoft Word.

By following these tips, you can make the most of statistical functions in Excel and gain valuable insights into your data.