Formulas to be used in Excel:
- Mean/ Average: Select the observation. Put =Mean(Range) and Enter.
- Median: Select the observation. Arrange it in ascending order. Put =Median(Range) and Enter.
- Mode: Select the observation. Put =Mode(Range) and Enter.
- Variations: Observation less Mean of the range. Put =(Observation-Mean) and Enter.
- Variations*2 / (Variations)^2:
- Put =Power((observation),2) and Enter OR
- Put =(observation)^2 and Enter OR
- Put =(observation)*(observation) and Enter
- Variance: Variance is average of Variations*2. Put =Mean(Range of Variations*2) and Enter.
- Standard Deviation: Standard Deviation is the square root of Variance. Put =SQRT(Variance) and Enter.
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