How to Calculate Standard Deviation in Excel

Now, let’s learn how to use it in Excel. In Excel, we have formulas for everything and as you might have guessed for Standard Deviation also. You can calculate the standard deviation with the help of six functions in Excel. Based on the data whether sample or population you have to decide which function to apply.

Let’s learn about these six functions below:

Functions of Standard Deviation

Standard Deviation in Excel: How to Calculate, Formulas and Examples

The Standard Deviation is a statistical measure that helps us to understand the amount of variance in a dataset. This statistic can be quite helpful in determining how similar or distinct your data is. Standard deviation may be calculated in Microsoft Excel quickly if you know the formulas and commands to use.

In this article, we examine the functions of standard deviation, clarify how to compute standard deviation in Excel and give an illustration.

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What is Standard Deviation?

A statistic called standard deviation assesses a dataset’s dispersion about its mean. It is determined as the variance’s square root (the spread of numbers in a dataset). When comparing data sets that may have the same mean but a distinct range, knowing the variation between each data point relative to the mean is helpful....

Formula for Standard Deviation

The formula to calculate Standard Deviation in Excel:...

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The standard Deviation can be very helpful in many ways. Below are are the reasons that tell us that why finding Standard Deviation in Excel can be of great help....

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How to Calculate Standard Deviation in Excel

Now, let’s learn how to use it in Excel. In Excel, we have formulas for everything and as you might have guessed for Standard Deviation also. You can calculate the standard deviation with the help of six functions in Excel. Based on the data whether sample or population you have to decide which function to apply....

Sample Standard Deviation Functions in Excel

1. Excel STDEV.S Function...

Population Standard Deviation Functions in Excel

1. STDEV.P Function in Excel...

Which Excel Standard Deviation Function to Use

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Excel Standard Deviation Formula Examples

Once you have chosen the Function for your data type, writing the formula is straightforward and error-free. The syntax is simple and transparent, making it easy to apply Excel’s standard deviation formulas. Let’s discuss a few examples:...

Example of How to Calculate Standard Deviation Using STDEV.S in Excel

Step 1: Open the Excel Sheet...

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Conclusions

In the above article, we discussed calculating the standard deviation of both sample data and population. This can be done using different functions. All functions have their usage. Further, we discussed this by taking an example and learning the procedure in detail. We also learned about standard error bars and the standard error of the mean....

Standard Deviation in Excel – FAQs

What is Standard Deviation?...

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