Calculating Population Mean in Excel

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To calculate the population mean in Excel, use the "AVERAGE" function, which sums all values and divides by the total number of entries, in this case, 200. It's crucial to distinguish between the population mean and sample mean, as the latter applies only to a subset of data. The discussion emphasizes the importance of understanding these statistical concepts for accurate calculations. Additionally, Excel can perform other statistical calculations like variance and standard deviation. Properly utilizing these functions ensures accurate data analysis.
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Hello, i am having trouble with working out what the population mean is. Is there a formula in Microsoft Excel to workout the population mean. I have a population of 200
 
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You learned how to find an "average" (mean) way back in elementary school! (There are several different "averages". The mean is the one you first learned as an average.) Add up all the numbers and divide by 200.

If you know all that and your question is specifically about how to do it in Microsoft Excel, use "average".
 
Please do note if you're taking your data from a sample, you're calculating a sample mean. If you you're taking data from the whole population it is the population mean. The distinction is very important in statistics.
 

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