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Excel offers a variety of statistical functions to calculate variance in Excel. In the tutorial below, we are going to cover all these functions (when and how to use them). Plus, we will also see how you use variance and related statistical measures in practical life.
If you have a small sample from a larger data set, you can use the VAR, VAR.S or VARA functions to calculate the variance. If you’re trying to calculate variance in Excel using the population data set (that is, the entire set of data, rather than the smaller sample), you can do this using VARP, VAR.P or VARPA instead.
Key Takeaways. You can calculate sample variance in Excel using a VAR, VAR.S, or VARA function. For population variance VARP, VAR.P, or VARPA. Just put your the cell range containing your dataset in the formula, like "VAR (B2:B12)", and you'll get the calculated variance.
There are 3 functions to calculate population variance in Excel: VARP, VAR.P and VARPA. VARP function in Excel. The Excel VARP function returns the variance of a population based on the entire set of numbers. It is available in all versions of Excel 2000 to 2019.
In statistics, Variance gives the measurement of how the numbers of data are distributed around the mean/expected value, and measures the distribution by looking at all the data points. In this article, we will analyze different methods and functions for calculating variance in Excel.
Tips for Calculating Variance in Excel. Understand Your Data: Know whether your data set represents a sample or an entire population. This will determine whether you use VAR.S or VAR.P. Double-Check Data Entry: Ensure your data is correctly entered, as any mistakes can skew your results.
This article explains data summarization and how to use deviation and variance formulas in Excel for Microsoft 365, Excel 2019, 2016, 2013, 2010, 2007, and Excel Online.