Descriptive Statistics Analysis In Excel
Excel Video: Descriptive Statistical Analysis In Excel
Descriptive Statistics tool in the Data Analysis add - in can be used on an existing data set to get up to 16 different descriptive statistics without having to enter a single function on the worksheet.
Descriptive Statistics gives you a general idea of trends in your data including :
The mean , mode, median and range
Variance and standard deviation
Skewness, Sample Variance
Kurtosis and Skewness, Count , maximum and minimum
Descriptive Statistics is useful because it allows you to take a large amount of data and summarize it.
For example , you may want to represent the incomes of an organization Instead of showing it on an Excel,
You may summarize it, it becomes useful : an average salary , or a median income is much easier to understand and then analyze the data.
Steps
Click on File, then click on Options
Click Add-ins
Click on Analysis ToolPak
..... Watch the video to learn all the steps
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