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In this video tutorial on "Normalizing and Standardizing Data" in Microsoft Excel 2019, the focus is on understanding the difference between normalization and standardization. Normalization involves scaling numerical values to a specific range, often zero to one, through manual formula entry. This process can be applied to positive, negative, or mixed value sets. It is important to note that Excel 2019 does not have a built-in normalization function. Be cautious of functions that start with "norm" as they are actually for standardizing data. Remember, normalization is about scaling values to a specific range, while standardization focuses on data transformation.
