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The video tutorial covers normalizing and standardizing data in Microsoft Excel. Normalization involves scaling numerical values to a specified range, typically zero to one. In Excel 2019, normalization is done through manual formula entry, as there is no specific function for it. It is important to differentiate between normalization and standardization. Standardization functions in Excel begin with "norm," but they are actually used to standardize data.Normalization scales values to a specific range, while standardization transforms data to have a mean of zero and standard deviation of one.