by Ilker | Jun 9, 2021 | Excel Tips & Tricks

A discrete distribution describes the probability of occurrence of a random variable that can take on only a certain number of values. Common examples for this are the probabilities in a dice roll or getting a certain card in a deck of regular cards. In this guide,...
by Ilker | Jun 8, 2021 | Excel Tips & Tricks

The PROB function is a statistical function that can calculate the probability associated with a given range. The function is useful for calculating the probability for the occurrences having discrete probabilities of an event. In this guide, we’re going to show you...
by Ilker | Jun 8, 2021 | Excel Tips & Tricks

Error bars are graphical representations of data variability in charts. You can add error bars into your Excel charts to provide a more comprehensive view of the data set. An error bar is usually a horizontal and/or vertical line drawn between lowest and highest error...
by Ilker | Jun 3, 2021 | Excel Tips & Tricks

Variance is an important metric in statistics, and it can help you calculate like the risk of an investment. In this guide, we’re going to show you how to calculate variance in Excel. Download Workbook What is variance? Variance is the average of the squared...
by Ilker | Jun 3, 2021 | Excel Formulas

The VARPA function is a statistical function that can calculate and return the variance of a population by evaluating text and logical values. Variance provides a general idea of how much data points are spread in a data set, and can be used to calculate the standard...
by Ilker | Jun 2, 2021 | Excel Formulas

The VARP function is a statistical function calculates and returns the variance of a population. Variance provides a general idea of how much data points are spread in a data set, and can be used to calculate the standard deviation or determine the risk of an...
by Ilker | Jun 2, 2021 | Excel Formulas

The VAR.P function is a statistical function that can calculate and return the variance of a population. This formula was essentially introduced as a replacement for the outdated VARP function. Variance provides a general idea of how much data points are spread in a...
by Ilker | Jun 1, 2021 | Excel Tips & Tricks

The VAR function is a statistical function calculates and returns the variance of a sample. The variance provides a general idea of the spread of data, and can be used to calculate the standard deviation or determining risk of an investment. In this guide, we’re going...
by Ilker | Mar 23, 2021 | Excel Formulas

The CHISQ.TEST is a Statistical function that calculates the chi squared (χ2) distribution and returns the probability of a value chi-squared (χ2) between observed and expected data. The chi squared (χ2) test can be used to assess the relationship between two data...