Key Points NORMSINV is an Excel function used along with normal distributions. It allows you to conduct calculations faster ...

Excel enables users to perform statistical functions such as STDEV, which calculates standard deviation based on a sample. In statistics, a standard deviation is a measure of the amount of ...

There are several practical ways to calculate the mean and standard deviation. ... These can also be determined by functions in spreadsheet programs such as Excel.

Once you have got everything set up, just click “OK,” and Excel will quickly crunch the numbers, giving the mean (24.4), standard deviation (6.9), and other useful statistical metrics for our ...