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Excel is a spreadsheet and a spreadsheet is a tool for doing numerical analysis and manipulation. So Excel and any other spreadsheet application are ideal for doing statistical analysis. Excel has a huge range of ways of doing statistical analysis. It can be done through simple formulas, like totalling things up. It can be done with the specialised built-in statistical functions. It can be done by using a range of charts. There are lots of other special facilities too.

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Q: What provides the ability to perform a statistical analysis in Excel?
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