While Excel is useful for many applications, it is an indispensable tool for those managing statistics. Two common terms used in statistics are Standard Deviation and ...

Example 1: The population from which samples are selected is {1,2,3,4,5,6}. This population has a mean of 3.5 and a standard deviation of 1.70783. The next display shows a histogram of the population.

A cumulative average recalculates a data set's average as new data is added. During the recalculation all data contained in the data set is included in the average. In Microsoft Excel your spreadsheet ...