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Friday, May 14, 2010

STDEV Function (Functions in Excel)



Values
Values
Values
10
10
10
10
10
11
9
11
9
10
10
12
0.5
0.5
1.2909944
 =STDEV(C4:C7)
 =STDEV(E4:E7)
 =STDEV(G4:G7)

What Does It Do ?
This function calculates the sample population standard deviation of a list of values.
A sample population is used when the list of values represents a sample of a population.
Syntax
=STDEV(Range1,Range2,Range3 through to Range30)
Formatting
No special formatting is needed.
Example
The table below was used by a company interested in buying a new machine
to pack washing powder.
Three machines were short listed and allow to run for a day.
At the end of the day four boxes of soap powder were picked at random from the production
of each machine.
The boxes were weighed and the =STDEV() function used as these boxes only represented
a sample of the complete days production.
The machine with the smallest deviation was the most consistent.

Soap Powder Box Filling Machine Test Results
Test 1
Test 2
Test 3
Test 4
Variance
Machine 1
1.4
1.5
1.6
1.5
0.0816
 =STDEV(D34:G34)
Machine 2
1.5
1.5
1.4
1.5
0.0500
 =STDEV(D35:G35)
Machine 3
1.5
1.6
1.7
1.8
0.1291
 =STDEV(D36:G36)


The smallest deviation is :
0.0500
 =MIN(H34:H36)



The machine with the smallest deviation is :
Machine 2
 =INDEX(C34:C36,MATCH(MIN(H34:H36),H34:H36,0))

Explanation of formula:
This finds the lowest value.
 =MIN(H34:H36)
This finds the position of the lowest value.
 =MATCH(MIN(H34:H36),H34:H36,0)
This looks down the Machine column to
 =INDEX(C34:C36,MATCH(MIN(H34:H36),H34:H36,0))
find the machine name.


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