This chapter gives an overview of some very useful statistical functions in Excel.
To calculate the average of a range of cells, use the AVERAGE function.
To average cells based on one criteria, use the AVERAGEIF function. For example, to calculate the average excluding zeros.
Note: <> means not equal to. The AVERAGEIF function is similar to the SUMIF function.
To find the median (or middle number), use the MEDIAN function.
To find the most frequently occurring number, use the MODE function.
To calculate the standard deviation, use the STEDV function.
To find the minimum value, use the MIN function.
To find the maximum value, use the MAX function.
To find the third largest number, use the following LARGE function.
To find the second smallest number, use the following SMALL function.
Tip: Excel can generate most of these results with the click of a button. Our Descriptive Statistics example shows you how.