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 ...

The T-Value is a common statistical calculation with a very wide range of applications. In the business world, it can help in making educated financial predictions and projections. For example, a ...

The extent to which products meet specifications needs to be systematically monitored in a production process. Product quality will typically be defined by two quantities: deviations from stated ...

The formula of Mean: In statistics, "mean" is a measure of central tendency, calculated by summing up all the values in a dataset and dividing by the number of data points. The single numerical value ...

When you have the average production of three machines, it is easy to calculate the average or mean production. You just add ...

Microsoft Excel is a popular platform that consists of features, such as calculation, graphing tools, pivot tables, and a macro programming language known as Visual Basic for Application (VBA). Users ...

Standard deviation is an important measure of spread or dispersion. It tells us how far, on average the results are from the mean. Therefore if the standard deviation is small, then this tells us that ...

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An animated guide to mean, median and mode. The Clappy boys need to have the right average age to accepted for a recording contract. This clip demonstrates that the different types of average can ...