Caroline Banton has 6+ years of experience as a writer of business and finance articles. She also writes biographies for Story Terrace. Chip Stapleton is a Series 7 and Series 66 license holder, CFA ...

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 ...

Using Microsoft Excel you can create charts based on the data and formulas entered in a worksheet. Enter a sample range of numbers in Excel as if you were at an event asking people their ages, for ...

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 ...

Basic statistical techniques can be utilized to calculate standard deviation in order to evaluate the error margin in a measurement. Yet, even the estimated standard ...

For a given data set, standard deviation measures how spread out the numbers are from an average value. This measurement of average variance has a prominent place in many fields related to statistics, ...