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This video tutorial on Spreadsheet Geek focuses on normalizing and standardizing data in Excel. Normalization involves scaling numerical values to a specified range, typically 0 to 1. Excel does not have a specific normalization function; it must be done manually through formula entry. Standardization functions in Excel do not actually perform normalization. Understanding the difference between normalization and standardization is key, with normalization focusing on scaling values to a specific range like 0 to 1.