How to Calculate a Trimmed Mean in Excel. A trimmed mean is much like a standard mean, which you can derive in Excel using the AVERAGE function. However, instead of using all of the data points to ...

Excel provides built-in tools to help you to find discrepancies like Filters, Conditional Formatting, advanced functions (If and IS, VLookUp, etc.), and Add-ins.

With that data you can then calculate the mean average and the standard deviation based on that sample of data. With that, Excel can generate a series of random numbers based on the data entered ...