Descriptive statistics summarizes the given data and provides a summary of key statistics for the data such as mean, mode, median, Variance, standard deviation, Skewness, Count, maximum and minimum, etc. When working with a large dataset, knowing key statistical information about your dataset and trends in your data could be useful.
Microsoft Excel has various built-in functions that can calculate many statistical values individually such as mean, variance, count, etc. Excel also has an add-in tool called Analysis Toolpak that helps you generate all descriptive statistics in one go. In this article, we will explain how to calculate descriptive statistics