See descriptive statistics in Excel

Written by promotiondept

April 15, 2021

See descriptive statistics in Excel Excel’s analysis toolPak allows users to do a wide variety of more advanced data analysis. One function it offers is a tool that can quickly calculate a series of basic descriptive statistics for a dataset, including mean, standard deviATIon, minimums, and maximums. Find the Descriptive statistics tool by clicking on […]

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See desiptive sttics in Excel

Excel’s ysis ToolPk llows users to do wide vriety of more dvnced dt ysis. One function it offers is tool tht cn quickly clculte series of bsic desiptive sttics for dtset, including men, stndrd devition, minimums, nd mximums.

Find the Desiptive Sttics tool by clicking on Dt nd then Dt ysis in the ribbon. (e: If don’t hve the Dt ysis option, will need to instll the ysis ToolPk dd-in. See our previous article on how to do this.)

new box will open, llowing to select which ysis tool would like to use. Select Desiptive Sttics nd then OK.

Next, identify the input rnge of the dt tht wnt to perform the desiptive sttics on. In the exmple below, I’ve selected Column F (the trnsction mount). If r dt includes lbels, should check the box titled Lbels in First Row. Then, identify where wnt r output to er (such s new worksheet or new workbook) nd ensure tht the Summry sttics box is checked. Click OK.

will now see vriety of desiptive sttics (such s men, medin, stndrd devition, minimum, mximum, nd count) bout r dt.


Wendy Tietz, CP, CGM, Ph.D., is professor of ccounting t Kent Stte University in Kent, Ohio; Jennifer Cins, CP, DB, is n instructor of ccountncy t the University of South Florid in Tmp; nd Trcie Miller-Nobles, CP, is n ssocite professor of ccounting t un Community College in un, Texs. See their site
AccountingIsAnalytics.com for resources they hve developed for teching dt ytics in introductory ccounting. To comt on this rticle or to suggest n ide for her rticle, contct Jof senior editor Courtney Vien t Courtney.Vien@aicpa-cima.com.


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