QQuestionStatistics
QuestionStatistics
Explain the difference between the functions STDEV.S() and STDEV.P() in Excel. What do the .S and .P extensions mean, and when would you apply each?
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Step 1**Step 1:**
where $N$ is the population size, $x_i$ is each individual data point, and $\mu$ is the population mean.
Understand the difference between STDEV. S() and STDEV. P() in Excel. These functions calculate the sample standard deviation and population standard deviation, respectively. **Step 2:** The . S extension in STDEV. S() stands for "sample," and it calculates the standard deviation of a sample taken from a larger population. This function uses the formula: **Step 3:** The . P extension in STDEV. P() stands for "population." This function calculates the standard deviation of an entire population. It uses the formula: **Step 4:** Choose the appropriate function based on the context of your data. If you are working with a sample from a larger population, use STDEV. S(). If you are working with the entire population, use STDEV. P(). **
Final Answer
STDEV. S() calculates the sample standard deviation, while STDEV. P() calculates the population standard deviation. Choose the appropriate function based on whether you are working with a sample or an entire population.
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