Formula Generator - STANDARDIZE function
The STANDARDIZE function calculates the normalized equivalent of a random variable given the mean and standard deviation of the distribution. It is commonly used in statistical analysis to transform data into a standard normal distribution, where the mean is 0 and the standard deviation is 1.How to generate an STANDARDIZE formula using AI.
To obtain the STANDARDIZE formula for your data, you can ask the AI chatbot the following question: "What is the formula to standardize data in Excel?" The chatbot should then provide you with the formula for standardizing data using the STANDARDIZE function in Excel.
STANDARDIZE formula syntax.
The STANDARDIZE function in Excel is used to normalize a given value within a range of values. The syntax for the STANDARDIZE function is: STANDARDIZE(value, mean, standard_dev) - value: The value you want to normalize. - mean: The average or mean of the range of values. - standard_dev: The standard deviation of the range of values. The function returns the normalized value of the given value based on the mean and standard deviation. This allows you to compare values on a common scale, making it easier to analyze and interpret the data.
Calculating Z-scores
Calculates the Z-score of a given value using the mean and standard deviation of a distribution.
STANDARDIZE(value, mean, standard_deviation)
Normalizing Data
Normalizes a range of data using the mean and standard deviation of the distribution.
STANDARDIZE(range, mean, standard_deviation)
Detecting Outliers
Identifies outliers in a dataset by calculating the Z-score for each value using the mean and standard deviation.