When working with data in Excel, it’s essential to understand various statistical measures that can help you gain insights and make informed decisions. One such measure is the midrange. The midrange provides a simple way to understand the central tendency of a dataset, which can be especially useful for quick analyses and comparisons.

In this Excel tutorial, we’ll dive into what the midrange is, how to calculate it using a formula in Excel, and explore alternative methods for finding the midrange.

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A declining balance is a method of calculating the depreciation of an asset over time, where the depreciation rate remains constant, but the amount of depreciation decreases each period. In this Excel lesson you will learn how to calculate Declining Balance Depreciation.

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Straight line depreciation is a method of calculating the decline in an asset’s value over time in equal amounts. In this Excel tutorial, you will learn how to calculate Stright Line Depreciation.

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Variance refers to how widely data sets are scattered around their mean value. We can estimate the variance from a sample of data or from the entire population, all the data.

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DAX expressions (Data Analysis Expressions) is the formal language for writing formulas in Power Bi, Power Pivot and in Excel data models. This language is made up of functions, constants, and operators.

You can use DAX to define custom calculations for Calculated Columns and for Measures (also known as calculated fields). It also allows you to calculate values, create relationships between tables, and more.

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CUBEMEMBER is a function that returns a member or tuple from the cube, it is used to validate that the member or tuple exists in the cube. If the value doesn’t exist, the formula will not work.

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In this Excel tutorial, you can learn how to calculate COGS in Excel.

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In this Excel tutorial lesson, you will write the countif to remove duplicates.

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In this Excel tutorial you will learn how to perform Monte Carlo simulation in Excel. It allows you to understand the impact of risk and uncertainty in financial models, project management, and forecasting.

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When you think of Excel, chances are you first think of lists of data, charts, and tables. While Excel is an excellent spreadsheet tool that allows you to capture and visualize data, it’s also a tool that you can use for other practical purposes in your home or business.

You can create mailing labels from Excel data by using the Mail Merge feature in Microsoft Word. Mail Merge allows you to merge a list of data from an Excel spreadsheet into a set of mailing labels in Word.

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