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In this video tutorial, the focus is on normalizing and standardizing data using Microsoft Excel. Normalization involves scaling numerical values to a specified range, typically zero to one. It can be done through manual formula entry in Excel 2019. Standardization, on the other hand, is different from normalization and is used to scale data with a mean of zero and a standard deviation of one. The key takeaway is to remember that normalization involves scaling to a specific range, while standardization involves scaling data to have a mean of zero and a standard deviation of one.
