Standard Deviation is the measure of the dispersion of the dataset. Standard Deviation shows the range of how much the data deviates from the mean of the dataset. Calculating the Standard Deviation of a given dataset has proved to be tedious and time-consuming. Excel has automated calculating the Standard Deviation of a given dataset. In
Calculating compound interest is a crucial task that most financial investors need to know. Unlike simple interest, compound interest can earn more money at the end of the borrowing or investment period. Compound interest constitutes the original interest and all interests charged on the accrued principal value. To get compound interest for an investment, an
Variance is a measure of distance between numbers in a data set. Its measures the distance difference each number is from the mean. This distance is also known as the error term in which the variance is measured. It's very easy to calculate variance in Excel if you have all the data set already entered
Excel is a powerful statistical tool. It can be used to calculate various statistics problems. Finding a correlation between two data series is a common statistical calculation that many statistical analysts come across. To solve these calculations, various methods are used. Using Excel to calculate correlation problems has proven to be one of the simplest
Every employer would like to track the hours worked by his employees. However, this may be challenging and time-consuming if manual methods are used. Luckily, Excel allows its users to calculate the working hours for someone using some in-built functions. This has greatly simplified the process of tracking employees' working duration. Below are some tips
Standard deviation is a statistical way of measuring the dispersion of a dataset. It is time confusing and tiresome to calculate standard deviation manually. To ease the process of calculating standard deviation, new methods have been developed. Excel is a powerful tool that can be used to calculate standard deviation in just a few steps.
Discount is the amount deducted from the regular price of a commodity. This is usually found by deducting the selling price from the regular or marked price of a commodity. Discount can also be expressed in percentage by taking the regular price multiplied by the rate of discount. Regular Price × Rate of Discount =
Compound interest is where interest is credited on a loan or deposit considering the initial principal and the cumulative interest from the time before. A good example is when you invest 700,000/= with a 10% annual interest rate compounded annually. When a year lapses from the initial principal, you get 70,000/= (700,000 x 0.10) as