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Use Excel to manage your statistical data.

Let us start at the very beginning: Building a formula in Excel using statistical functions is no more difficult than using any other function. If you know how to use Excel functions and you know a bit about statistics, then you're ready to roll.

Using Excel to do everyday statistical calculations could save you a lot of time and effort. This lesson will explain the basics of why you might want to use Excel, and give you a quick reminder on how to build formulas in Excel.

To continue reading this lesson on your own, click **Next**.

**Note** Don't confuse functions and formulas: A *function* is just the name, for example, STDEV or TREND. A *formula* is a function in action, with arguments included, for example, =AVERAGE(A1:A33).