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In this video, the focus is on normalizing and standardizing data in Microsoft Excel. Normalization involves scaling numerical values to a specified range, typically zero to one, through multiplication. In Excel 2019, normalization is done manually, as there is no built-in function for it. It is important to differentiate between normalization and standardization, as some Excel functions beginning with "norm" are actually used for standardizing data. Think of normalization as scaling values to zero to one range for this purpose.