![]() ![]() The higher the standard error, the higher the variability. The standard error is a measure of the variability of sample means in a sampling distribution of means. To calculate the mean value youself, you can use the AVERAGE function. This is where you add all the values up in your sample and divide by the number of values in the sample. The first result is the mean, or average, value. I’ll now go over and explain each output. How to interpret the descriptive statistics resultsīelow are some descriptive statistics I have based on some example data. So that’s the setup done, now press the OK button to perform the descriptive statistics. The Confidence Level for Mean, Kth Largest and Kth Smallest options are optional, and I will explain more about these later. At a minimum, you will want to select the Summary Statistics. Underneath, you can tick the various descriptive statistic options that you want to perform. ![]() New Workbook – Enter the descriptive statistics in an entirely new Excel file.New Worksheet Ply – Enter the results in a new worksheet. ![]()
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