{"id":23936,"date":"2021-12-17T06:18:23","date_gmt":"2021-12-17T05:18:23","guid":{"rendered":"https:\/\/www.myexcelonline.com\/?p=23936"},"modified":"2024-02-06T15:50:07","modified_gmt":"2024-02-06T14:50:07","slug":"std-dev-in-pivot-table","status":"publish","type":"post","link":"https:\/\/www.myexcelonline.com\/meo-staging\/blog\/std-dev-in-pivot-table\/","title":{"rendered":"Std Dev in Excel Pivot Tables"},"content":{"rendered":"

\"Std<\/a><\/p>\n

It is very easy to use a Pivot Table<\/a> to summarize data for you by giving the sum, count, or average. But did you know it can give you the standard deviation and variance<\/strong> as well? This is crucial if you want to understand how volatile your data is!<\/p>\n

Let us explore how to get the std dev in Pivot Table, this shows the amount by which members of a group are different from the average value for the group.<\/p>\n

Exercise Workbook:<\/strong><\/em><\/p>\n

\n

Download excel workbook<\/i><\/span>Std-Dev.xlsx<\/span><\/a><\/p>\n

\n<\/div>\n

\n

STEP 1:<\/strong><\/span> Here is our Pivot Table. Drag\u00a0UNITS SOLD<\/strong> to the\u00a0Values Area<\/strong><\/p>\n

\"Product<\/p>\n

STEP 2:<\/strong><\/span> This will default to\u00a0Sum of UNITS SOLD<\/strong>. Let us change that by clicking on the arrow and selecting\u00a0Value Field Settings<\/strong><\/p>\n

\"Product<\/p>\n

STEP 3:<\/strong><\/span> Select\u00a0StdDevp<\/strong> and click\u00a0OK.<\/strong><\/p>\n

We will use the StdDevp<\/strong> function as we have the complete data (population) used in the calculation. When only a portion of the data is used, then StdDev<\/strong> should be used instead.<\/p>\n

\"Product<\/p>\n

Now you have your Standard Deviation! You can see for\u00a0ICE CUBES<\/strong> on the month of\u00a0June<\/strong> the Standard Deviation is quite low. This means that the values on the units sold for that month is fairly close to the average of 34,739.<\/p>\n

\"Product<\/p>\n

Did you know that the square of the standard deviation<\/strong>\u00a0will give you the variance<\/strong> value? Click here<\/strong><\/a> to know more!<\/p>\n

 <\/p>\n

Make sure to download our FREE PDF on the\u00a0333 Excel keyboard Shortcuts here<\/a>:<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

It is very easy to use a Pivot Table to summarize data for you by giving the sum, count, or average. But did you know it can give you the standard deviation and variance as well? This is crucial if you want to understand how volatile your data is! Let us explore how to get […]<\/p>\n","protected":false},"author":2,"featured_media":25311,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cos_headline_score":0,"cos_seo_score":0,"cos_headline_text":"","cos_headline_has_been_analyzed":false,"cos_last_analyzed_headline":[],"om_disable_all_campaigns":false},"categories":[4],"tags":[859,857,858,856],"acf":[],"_links":{"self":[{"href":"https:\/\/www.myexcelonline.com\/meo-staging\/wp-json\/wp\/v2\/posts\/23936"}],"collection":[{"href":"https:\/\/www.myexcelonline.com\/meo-staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myexcelonline.com\/meo-staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myexcelonline.com\/meo-staging\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myexcelonline.com\/meo-staging\/wp-json\/wp\/v2\/comments?post=23936"}],"version-history":[{"count":0,"href":"https:\/\/www.myexcelonline.com\/meo-staging\/wp-json\/wp\/v2\/posts\/23936\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myexcelonline.com\/meo-staging\/wp-json\/wp\/v2\/media\/25311"}],"wp:attachment":[{"href":"https:\/\/www.myexcelonline.com\/meo-staging\/wp-json\/wp\/v2\/media?parent=23936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myexcelonline.com\/meo-staging\/wp-json\/wp\/v2\/categories?post=23936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myexcelonline.com\/meo-staging\/wp-json\/wp\/v2\/tags?post=23936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}