Question

explain the statistical functions​

Answer 1

Answer:

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A statistical function, such as Mean, Median, or Variance, summarizes a sample of values by a single value. ... You can also see common statistics of an uncertain variable, including Mean, Standard deviation, Min, and Max, by selecting the Statistics option from the uncertainty views in the Result window.

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Answer 2

Answer:

Statistical functions apply a mathematical process to a group of cells in a worksheet. For example, the SUM function is used to add the values contained in a range of cells. A list of commonly used statistical functions

Explanation:

Functions are more efficient than formulas when you are applying a mathematical process to a group of cells. If you use a formula to add the values in a range of cells, you would have to add each cell location to the formula one at a time. This can be very time-consuming if you have to add the values in a few hundred cell locations. However, when you use a function, you can highlight all the cells that contain values you wish to sum in just one step. This section demonstrates a variety of statistical functions that we will add to the Personal Budget workbook. In addition to demonstrating functions, this section also reviews percent of total calculations and the use of absolute references.

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