Yes, they can be. There are a huge amount of ways that statistics could be used in financial formulas.
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They are called functions. Excel has a specific category or functions used to calculate statistics.
The statistical functions.
It can mean tangible examples supporting or visualizing data, (figures), such as charts and Excel worksheets. Statistics is data from whatever it is relating to; such as how much money a company lost for a particular year, or how many sales were made etc. etc.
'How do you do formulas on excel and continue to work with answer as a numerical value and not a formula '
"In the simplest form, you can combine several worksheets projecting company sales into a master worksheet using various formulas and calculations. I personally prefer using Microsoft Excel because it is the most widely used by corporations and the easiest to learn and utilize."