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This video tutorial on Spreadsheet Geek covers normalizing and standardizing data in Excel. Normalization scales numerical values to a specified range, such as zero to one, by multiplying the original values. Excel 2019 does not have a built-in normalization function, but normalization is achieved through manual formula entry. It is important to differentiate between normalization, which scales values, and standardization, which adjusts values to have a mean of zero and standard deviation of one.