Not sure what the value of the statement that he falls within 1 std deviation from the mean really conveys. Since he is in the 2nd quartile wouldn't the statement that at least 50% of the population sold less units than him be a more convincing argument than saying he is within 68% of population?
I liked this 3 vid series as much as anything you've done, Mike. I've recommended that my new Excel students watch this. I, personally, have a pretty thorough understanding of Excel, but have never seen a better explanation of SD. I know explaining SD wasn't your intent, but I have really benefited from that inadvertent lesson.
I really enjoy your light hearted style of presentation! What a pro!
@ExcelIsFun yikes!, I'll have to put aside some quite moments to digest those. Mikey, you are thorough if nothing else. I have learned so much by following you.
Comment removed
emailuznow 2 years ago
Mike you are awesome
Can you do a video on how to make your data presentable and fancy please.
I love the way you have shaded boxes on the statiscal summary. I can't seem to figure it out on how you managed give it that 3D effect.
You are the best
emailuznow 2 years ago
I will make a video on 3D effect soon, but in the meantime, watch these videos I have on stylistic formatting:
Excel Magic Trick #150 Formatting Guidelines (Eye Candy)
Excel Basics #12: Stylistic & Number Formatting
ExcelIsFun 2 years ago
This is good stuff thanks
icantloose 2 years ago
You are welcome. If you like Statistics and Excel videos, I have about 150 videos posted. Search for "Excel Statistics".
ExcelIsFun 2 years ago
Not sure what the value of the statement that he falls within 1 std deviation from the mean really conveys. Since he is in the 2nd quartile wouldn't the statement that at least 50% of the population sold less units than him be a more convincing argument than saying he is within 68% of population?
08505excel 2 years ago
Yes that is an EXCELlent point to make in any argument presented!
If you want to learn about what Standard Deviation means see my response in the previous comment.
ExcelIsFun 2 years ago
I liked this 3 vid series as much as anything you've done, Mike. I've recommended that my new Excel students watch this. I, personally, have a pretty thorough understanding of Excel, but have never seen a better explanation of SD. I know explaining SD wasn't your intent, but I have really benefited from that inadvertent lesson.
I really enjoy your light hearted style of presentation! What a pro!
richardkinzer 2 years ago
If explanation of SD is what you want, the complete story are in these videos:
Excel & Statistics 39: Variability Chart - Visual Approach (Dispersion or Spread)
Excel & Statistics 40: Range & Interquartile Range (Variability)
Excel & Statistics 41: Sample Standard Deviation (Variability)
Excel & Statistics 42: Coefficient of Variation
Excel & Statistics 45: Z-Score (# Standard Deviations From Mean)
Excel & Statistics 47: Empirical Rule (Bell Shaped Curve)
more...
ExcelIsFun 2 years ago
@ExcelIsFun yikes!, I'll have to put aside some quite moments to digest those. Mikey, you are thorough if nothing else. I have learned so much by following you.
richardkinzer 2 years ago
EXCELlent!!!
ExcelIsFun 2 years ago
Nice.
Please change the title. It is #3 and not #2.
Zsolt
hethuszar01 2 years ago
Thanks for the heads up!
ExcelIsFun 2 years ago