In this article, we will learn about how to use VAR function in excel.
In simple words, get the estimate variation of sample of the data. Use VARP or newer VAR.P function if data represents the entire population.
RATE function is used to find the VARIANCE of the data set in Excel.
Texts and logical values are ignored by VAR function.
Let’s use it in an example to understand it.
Here we have an array of numbers need to find the variance
Use the formula to get the variance for the range
Variance for the following data is 659.74.
|Name||Data set||Text and logicals|
Excel VAR function is not used popularly. Excel replaced the use of VAR function with VAR.S is used to get the variance of the data.
Hope you understood how to use VAR function in Excel. Explore more articles on Excel Statistical functions here. Please feel free to state your queries or feedback in the comment box below.
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