![]() ![]() ![]() No one is going to want to read a million pieces of data if they did, they wouldn’t be able to glean any useful information from it. For example, let’s say you had data on the incomes of one million people. It gives us a general idea of trends in the data like getting to know The mean, mode, median for the range or Variance and standard deviation, Skewness, Count, maximum and minimum.ĭescriptive statistics is useful because it allows you to take a large amount of data and summarize it. ![]() In this article, we will learn How to perform descriptive analysis in Excel.ĭescriptive statistics are one of the fundamental “must knows” with any set of data.
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