The interquartile mean is a measure of central tendency. While all values in a data set are used to calculate the mean, only the interquartile range -- the central portion of a data set -- is used to ...

A trimmed mean is much like a standard mean, which you can derive in Excel using the AVERAGE function. However, instead of using all of the data points to create the mean, a trimmed mean will leave ...

However, this might not always give you an accurate average, which is where functions like GEOMEAN and HARMEAN come in. The ...

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 ...

The formula of Mean: In statistics, "mean" is a measure of central tendency, calculated by summing up all the values in a dataset and dividing by the number of data points. The single numerical value ...

Katharine Beer is a writer, editor, and archivist based in New York. She has a broad range of experience in research and writing, having covered subjects as diverse as the history of New York City's ...